Archives

About thirty investors in India have been allegedly duped of US$54,653 through a crypto cloud mining app, local media reported.   See related article: India financial crime unit cites ‘Chinese-controlled entities’ in alleged crypto fraud Fast facts Investors from Solapur city in India’s Maharashtra state were allegedly duped by fraudsters who lured them to download the […]

Mango Markets, a decentralized platform hosted on the Solana blockchain, was exploited for over US$100 million. See related article: What is the Solana ecosystem and how is it fueling SOL’s stratospheric rise? Fast facts Mango’s token MNGO was severely impacted, dropping 42.9% in the past 24 hours to US$0.023 as of 11:15 a.m. in Hong […]

BNB Smart Chain (BSC), the blockchain network launched by the world’s largest cryptocurrency exchange Binance, will perform a hard fork and upgrade on Wednesday as a fix following an Oct. 6 vulnerability, according to an announcement on Tuesday. See related article: BNB Chain back online after around $100 mln lost in possible exploit Fast facts […]

Through quick identification and cooperation of network validators, most funds were saved in last week’s BNB Chain exploit.

Bitcoin fell in Friday evening trading in Asia to dip below the US$20,000 support line as the top 10 cryptocurrencies by market capitalization lost ground, led by Dogecoin and BNB. See related articles: Markets: Bitcoin dips; BNB drops on chain glitch; Ether, XRP little changed Fast facts: Bitcoin lost 1.39% in the past 24 hours […]

Binance’s BNB Chain has come back online after being suspended earlier in the morning when an exploit was identified, the blockchain announced on Twitter on Friday afternoon in Asia. See related article: Binance suspends BNB blockchain on potential exploit; Peckshield reports US$572 mln hack Fast facts Changpeng Zhao, cofounder and chief executive officer of Binance, […]

Bitcoin dipped under the US$20,000 support line in Friday morning trading in Asia, a price it has repeatedly fluctuated around for several weeks. Ether, the second largest token by market capitalization, was little changed and up about 2% on the week. Most other coins in CoinMarketCap’s top 10 by market capitalization were flat to lower. […]

Binance in India – potential or problem?

Bitcoin gained in Thursday evening trading in Asia and remained above US$20,000. Ether values fluctuated in the day but eventually rallied. Of the top 10 cryptocurrencies by market capitalization, XRP led gains while stablecoins Tether and Binance USD declined on the day. See related articles: Markets: Bitcoin dips but holds above US$20,000, Ether falls, XRP […]

Financial services company Mastercard Inc. has launched Crypto Secure, a technology solution designed to help banks identify fraud-prone crypto exchanges, the company announced in a press release. See related article: Binance partners Mastercard to launch card in Argentina for bill payment, everyday purchases Fast facts The service uses artificial intelligence algorithms and blockchain data to […]

Bitcoin rose above US$19,000 in Tuesday morning trading in Asia, with Ether and the rest of the top 10 cryptocurrencies by market capitalization gaining. The moves reflected strong gains in U.S. equity indexes on Monday after rounding out September with significant losses. See related article: Markets: Bitcoin price falls below US$19,000, XRP down, BNB only […]

Bitcoin and Ether prices fell in Monday evening trading in Hong Kong amid widespread losses among the top 10 cryptocurrencies by market capitalization, with BNB being the sole gainer. In equity markets, Hong Kong’s Hang Seng Index at one stage fell to the lowest level in 11 years. See related article: Markets: Bitcoin price falls […]

Bitcoin was back under US$19,000 in Monday morning trading in Asia, a level it has fluctuated around for most of the past two weeks, boxed in by global macroeconomic concerns that have also hit equity markets. Ether also fell. BNB was the only gainer among the top 10 cryptocurrencies by market capitalization. See related article: […]

India’s financial crime fighting agency has frozen additional cryptocurrencies worth around US$58,000 as part of an ongoing money laundering probe against mobile gaming application E-Nuggets and its former executive. See related article:  Indian authorities probe alleged $125 mln money laundering cases involving crypto, report says Fast facts The additional cryptocurrencies include WRX, the utility token […]

Busan, South Korea’s second-largest city, is opening a virtual space on Naver Z’s Zepeto metaverse at 12 p.m. on Friday, Korea time, to promote the city in efforts to host the World Expo in 2030. See related article: South Korea’s Busan city wants to be blockchain central. Did everyone get the memo? Fast facts The […]

Vitalik Buterin identified Ethereum’s next big challenges as scalability and layer 2 implementations at the Converge22 conference.

Circle Internet Financial, Inc., the global financial technology company behind the USD Coin (USDC) stablecoin, will soon be making the token available on five additional blockchains, Chief Product Officer Nikhil Chandhok said on Wednesday at the company’s Converge22 conference.  See related article: U.S. Fed has growing interest in CBDCs, says Jeng at Crypto Council for […]

Kevin O’Leary plans to launch a Web 3.0-focused investment fund called Cipher, the Shark Tank investor told Forkast Editor-in-Chief Angie Lau at the Converge22 blockchain and cryptocurrency conference on Wednesday in San Francisco.  See related article: Capital gains: How Web3 property rights can transform the digital economy Fast facts “We’ve got to get away from this […]

Crypto tycoon Jihan Wu’s crypto mining firm Bitdeer Technology Holdings is leading a US$250 million fund to acquire mining rigs from distressed miners amid the cryptocurrency bear market, according to Bloomberg. See related article: China mining rig maker Canaan expands despite crypto winter  Fast facts See related article: Bitmain cuts mining rig price amid crypto […]

Changwon is the latest addition to South Korea’s growing list of cities seeking a presence in the metaverse, signaling the country’s adoption of Web3.

The coastal city was a prominent manufacturer of footwear, fabric and other light industries during the 1970s and 80s, and then grew into one of the world’s biggest container ports. Now it’s trying to reinvent itself in the digital world of blockchain.

Coinbase, one of the world’s largest cryptocurrency exchanges, has obtained regulatory approval in the Netherlands, as the U.S.-based exchange looks to expand its presence globally. See related article: Coinbase hit with lawsuit over allegedly poor security Fast facts Coinbase said on Thursday in a statement that it has registered with De Nederlandsche Bank, the central […]

Bitcoin bounced back above US$19,000 in Friday morning trading in Asia as Cardano announced a successful hard fork to their upgraded Vasil network. XRP led gains among the top 10 cryptocurrencies by market capitalization. See related article: Cryptocurrency lobby group gets court approval to weigh in on SEC vs Ripple’s XRP lawsuit Fast facts Bitcoin […]

Sam Bankman-Fried‘s FTX is in talks with potential investors about a funding round that would keep the company’s valuation in line with prior financing at the start of the year, CNBC reported Wednesday.  See related article: Binance and FTX lead bidding for bankrupt Voyager Fast facts FTX Trading Ltd.’s latest funding round in January raised […]

Bitcoin fell below US$19,000 in Thursday morning trading in Asia after briefly moving above that resistance level overnight as investors digested the U.S. Federal Reserve decision to raise interest rates by 75 basis points, or in line with expectations. All the top 10 cryptocurrencies by market capitalization lost ground, with Ether the biggest loser.  See […]

The global crypto market cap for cryptocurrency dropped over 7% in Monday evening trade in Asia, nearing US$900 billion. Bitcoin fell to a 24-hour low of US$18,390.32 at 5 pm Hong Kong time, while Cardano led losses within the crypto top 10 by market capitalization, followed by Ethereum.  See related article: Markets: Bitcoin back below […]

Aptos, a public chain launched by former members of failed Meta stablecoin project Diem, announced Friday a prize of up to US$1 million to encourage developers to find major vulnerabilities in the blockchain network, as the launch of the highly-anticipated blockchain fell slightly behind schedule. See related article: Binance makes additional investment in Aptos  Fast […]

WazirX, India’s largest cryptocurrency exchange by trade volume, has introduced a “learn and earn” campaign with The Sandbox, one of the biggest Ethereum-based metaverse game platforms.  See related article: WazirX launches India’s first NFT marketplace Fast facts The campaign started Sept. 19, and the top five winners will get free passes for The Sandbox’s recently […]

Many believe Ethereum is destined to overtake Bitcoin’s dominance in an event known as “The Flippening.” Find out if Ethereum’s reign is inevitable in this Forkast explainer.

Welcome to The Daily Forkast – September 16, 2022 – presented by Joel Flynn. Coming up on today’s show: Could Busan be the next crypto hub? Will help from Binance and FTX finally establish South Korea’s second largest city as the crypto haven it’s trying to be? We’ll have more on those stories — and […]

The crypto labor force skews heavily male, which could impede the industry’s future growth, writes Lottie Wells of Wirex. Here are some ways to increase women’s participation.

Global cryptocurrency exchange Huobi Global announced it will sign a memorandum of understanding with South Korea’s Busan city on Wednesday to help the city establish its first crypto exchange and promote its blockchain ecosystem. See related article: Binance to help S. Korea’s Busan build first city-backed exchange Fast facts The agreement entails Huobi providing technical […]

The largest coffeehouse chain in the world recently announced a new non-fungible token platform, while other coffee chains have eyed the technology long before.

India’s financial crime fighting agency has allowed WazirX to resume banking operations after unfreezing its bank accounts, the crypto exchange said on Monday. See related stories: India’s WazirX says it has no-tolerance policy on illegal activities Fast facts WazirX, one of India’s largest crypto exchanges by trading volume, said in a statement that its active […]

Bitcoin and Ether rallied in late Friday afternoon trading in Asia, helping drive up the global cryptocurrency market capitalization more than 5% to back above the US$1 trillion mark.  Solana led the gains among tokens in CoinMarketCap’s top 10 by market capitalization.  See related article: Markets: Bitcoin, Ether little changed; Polkadot leaps Dogecoin into crypto […]

Bitcoin and Ethereum were largely unchanged in Friday morning trading in Asia. Polkadot rose to leapfrog Dogecoin into the top 10 list by market capitalization, while Solana posted the biggest percentage gain on the list. See related article: Markets: Bitcoin climbs above $19,000, Ether bounces back, BNB gains on staking Fast facts Bitcoin rose less […]

Two U.S. Federal Reserve officials have called for new regulations specifically for stablecoins and reiterated the new asset class holds risks similar to traditional finance. See related article: Financial Stability Board calls for high regulatory standards for stablecoins Fast facts Michael Barr, the Fed’s vice chair for supervision, said on Wednesday at a Brookings Institution […]

Bitcoin rose above US$19,000 on Thursday morning in Asia, recovering along with other tokens in the top 10 by market capitalization after a sharp sell off on Wednesday. Ether moved higher after the Binance exchange, the world’s biggest, said it would offer Ether staking, a move that boosted its own BNB token. See related article: […]

The Securities and Exchange Commission of Brazil (CVM) has banned Singapore-based cryptocurrency exchange Bybit from brokering “securities” within the country.   See related article: Thailand mandates warnings on crypto ads Fast facts The CVM released a declaratory act, in an announcement on Monday, that ordered the suspension of Bybit’s security offerings and intermediation services directly or […]

Saudi Arabia’s central bank has appointed Mohsen AlZahrani, a former managing director at consultancy firm Accenture, to head its virtual assets and central bank digital currency (CBDC) initiative, Bloomberg reported. See related article: Governments pushing for CBDCs smell blood in Terra Classic’s struggles Fast facts With the United Arab Emirates aiming to be a global […]

In facing a government hostile to cryptocurrency trading, Indian exchanges are trying to attract new business with suites of different investment products.

Bitcoin slid back down under the US$20,000 mark late afternoon in Asia, with the rest of the top 10 tokens by market capitalization turning lower. Terra’s fallen cryptocurrency surged, likely due to LUNA Classic’s recent network upgrade. See related article: Markets: Bitcoin edges up; U.S. stocks, bonds post worst returns in 5 decades Fast facts […]

Amid uncertainty over Ethereum ‘Merge,’ some seek ways to potentially profit

Singapore-based cryptocurrency exchange Crypto.com in May 2021 transferred AU$10.4 million (US$7.15 million) to an Australian woman instead of an intended refund of AU$100 (US$68), and took seven months to recognize the mistake, the Herald Sun newspaper reported. See related article: Bitcoin sent by mistake, recipient will not be punished for keeping it: South Korea ruling […]

Busan, South Korea’s second most populous city, Tuesday signed a memorandum of understanding (MOU) with global cryptocurrency exchange FTX to help develop a digital asset exchange. See related article: Binance to help S. Korea’s Busan build first city-backed exchange Fast facts FTX will provide technical and infrastructure assistance to Busan city in establishing the digital […]

Interoperability among blockchains will be central to the next phase of the technology’s evolution, says Cosmos cofounder Ethan Buchman.

Bitcoin and Ether reversed from morning gains in Friday afternoon trading in Asia. Solana was the biggest loser among the top 10 coins by market capitalization, followed by BNB. See related article: Markets: Ethereum, Ethereum Classic lead crypto gains as Bitcoin posts modest gains Fast facts Bitcoin traded down 1.34% in the past 24 hours […]

The hackers responsible for stealing US$610 million worth of crypto from Axie Infinity’s Ronin bridge back in March have since transferred most funds from ETH into BTC using renBTC and privacy tools like Blender, ChipMixer, and TornadoCash, according to a report. See related article: Axie Infinity blockchain Ronin hacked for over $600M Fast facts The […]

With all the excitement surrounding the Ethereum merge scheduled for next month, the number of Ethereum Name Service (ENS) addresses created have surpassed the 2 million mark, according to a Twitter post by ENS Domains.  See related article: Ethereum will soon turn 7 — and its upcoming ‘Merge’ will be well worth the wait Fast […]

CME Group – the world’s biggest operator of financial derivative markets, including the Chicago Mercantile Exchange –  on Wednesday said it will offer options on Ether futures starting Sept. 12, pending regulatory review. See related article: New US crypto bill seeks to make CFTC top Bitcoin, Ethereum watchdog Fast facts See related article: ETH futures […]

Venture capital for two new investment funds from CoinFund and Shima Capital were announced, with amounts reaching US$300 million and US$200 million, respectively. See related article: New Investors and Investments Fast facts The Ventures I fund, announced Thursday by CoinFund, will focus on backing blockchain startups, including both existing portfolios and new startup teams. The […]

Top blockchain and crypto news: Eqonex shutters exchange operation. Huobi denies sale report. Taiwan beefs up cyber defenses.

Bitcoin outflows totaled US$21 million, bringing month-to-date outflows to US$29 million, even as short-Bitcoin positions witnessed minor inflows of US$2.6 million, according to digital asset manager CoinShares. See related article: Markets: Bitcoin, Ether fall; memecoins lose steam, BNB edges higher Fast facts Investors pulled out US$17 million from digital asset investment products last week, James […]

Bitcoin and Ether fell along with most other tokens in the top 10 by market capitalization on Tuesday morning in Asia. Memecoins also lost ground after a recent run-up. See related article: Markets: Bitcoin, Ether, DOGE fall amid slowing activity in China, SHIB edges up Fast facts Bitcoin traded at US$24,136 at 8 a.m. in […]

Indian crypto exchange Bitbns said on Thursday that withdrawals in Indian rupees (INR) have been delayed as law enforcement officers have blocked its bank account.  See related article: India authorities freeze Vauld exchange’s assets worth $46.5 mln Fast facts “If a cybercrime case is raised for say even an amount of 10,000 Indian rupees (US$125), […]

Ethereum’s long-awaited transition to proof-of-stake (PoS) — known as “the Merge” — could be running ahead of schedule to occur on Sept. 15 or 16, according to Ethereum educator and cybersecurity professional Anthony Sassano. See related article: Ethereum will soon turn 7 — and its upcoming ‘Merge’ will be well worth the wait Fast facts […]

India’s Enforcement Directorate (ED), the country’s economic crime unit, on Thursday froze 3.70 billion rupees (US$46.5 million) in assets at the struggling cryptocurrency exchange Vauld, local media reported citing unnamed sources. See related article: India crypto traders try to dodge fallout from WazirX woes, spat with Binance Fast facts The move comes days after the […]

Bitcoin fell back in Asia trading after setting a two-month high of US$24,822 overnight following news BlackRock Inc., the world’s largest asset manager, had launched its own Bitcoin fund. Ethereum followed a similar track, but held some of its gains after hitting a six-week high of US$1,927. Both crypto and equity markets had risen earlier […]

India’s Enforcement Directorate is investigating at least 10 cryptocurrency exchanges for alleged money laundering, according to The Economic Times

Bitcoin and Ethereum rose, along with nearly all other top 10 cryptocurrencies, in Thursday afternoon trading in Asia after the U.S. reported slower inflation in July and as Ethereum completed a test run for its upcoming shift to the proof-of-stake (PoS) model. See related article: Markets: Bitcoin, Ether rise with equities as US inflation shows […]

Bitcoin, Ethereum and all other top 10 cryptocurrencies rose in tandem with U.S. equities markets overnight as consumer data showed U.S. inflation slowed in July. Polkadot surged after announcing a tie-up in decentralized finance services. See related article: Markets: Bitcoin, Ether fall in general sell off; Solana takes hit, BNB stumbles Fast facts Bitcoin changed […]

WazirX users head for exits amid a dispute between Binance. Meanwhile, Circle and Tether announce support for the new ETH P-O-S.

Bitcoin and Ethereum fell in Wednesday afternoon trading in Asia, with almost all top 10 cryptocurrencies by market cap in the red. Solana was the biggest mover among the major coins, dropping 5.94% in the past 24 hours. See related article: Markets: Bitcoin falls as crypto market loses steam, equities dip ahead of inflation data […]

Zanmai Labs Private Limited, the firm operating Indian cryptocurrency exchange WazirX, said Tuesday it has a no-tolerance policy towards any “illegal activities”. Users agree to use the exchange in accordance with applicable laws, the company said in a statement. See related article: Tax authorities recover US$9M from India’s biggest crypto exchanges Fast facts WazirX, one […]

Bitcoin and Ethereum fell as most of the top 10 cryptocurrencies gave up ground made earlier in the week. BNB was the exception, posting a slight gain to round out a 15% price increase in the past seven days. See related article: Markets: Bitcoin loses steam, Ether continues run higher in late Asia trading Fast […]

Indian cryptocurrency exchange WazirX will delist and cease trading on all trading pairs for EasyFi (EZ) on Aug. 11. It will continue to support withdrawals of these tokens from WazirX until Nov. 12.  See related article: Binance to stop off-chain transfers with India’s WazirX Fast facts WazirX periodically reviews each digital asset it lists and […]

Bitcoin and Ethereum rose in broad-based gains in cryptocurrencies that drove all other tokens higher in the top 10 list by market capitalization in afternoon trading in Asia on Monday. See related article: Bitcoin, Ethereum edge up; BNB rises; Avalanche adds to gains on partnerships Fast facts Bitcoin, the world’s largest cryptocurrency, added 3.3% in […]

Bitcoin and Ethereum rose in early morning trading in Asia, along with most other tokens on the top 10 list by market capitalization. BNB rose 3.4% to reach US$325, adding to gains made last week when the Binance exchange, the BNB issuer, said it would add more tokens. Cardano briefly touched a week’s high, up […]

The U.S. bill to bring cryptocurrencies under the oversight of the Commodities Futures and Trading Commission is likely to hasten legislation of such digital assets around the world.

Bitcoin was largely flat in Friday afternoon trading in Asia, while Ethereum gained. However, both of the two major coins on the top 10 list by capitalization were trading more than 3% lower week-on-week. BNB’s gains ran into a second day, while Polkadot and Dogecoin rose.  See related article: Ethereum Classic’s ‘Merge’ surge not expected […]

It was a mixed bag for the top 10 cryptocurrencies Friday morning in Asia, with most moving less than 1%. Bitcoin dipped, while BNB continued its breakout run for a second day. Bitcoin was trading at US$22,612 as of 8 a.m. in Hong Kong, down 1% in the last 24 hours. Ethereum slipped 0.7% to […]

Bitcoin and Ethereum moved lower in Asia afternoon trading on Thursday, with Solana recovering from a price drop blamed on a hack of its network. Bitcoin was priced at US$22,927 as of 4:30 p.m. in Hong Kong, down 1.12% in the last 24 hours. Ethereum edged down 0.9% to US$1,621, according to data from CoinMarketCap. […]