U.S. securities watchdog’s regulatory agenda turns blind eye to crypto
Dashing hopes of greater regulatory clarity for the cryptocurrency industry, the U.S. Securities and Exchange Commission’s recently released annual regulatory agenda does not mention Bitcoin or cryptocurrency regulations.
El Salvador’s BTC remittances in May quadruple from last year
Bitcoin transactions in El Salvador during May increased by more than four times compared to a year ago, yet fiat remittances still represent the vast majority of transactions in the country.
Singapore’s GIC takes 8% stake in HK’s digital asset company BC Group
GIC, Singapore’s sovereign wealth fund, is investing in BC Group—the parent company of OSL, Hong Kong’s first licensed cryptocurrency exchange.
Ethereum is rocketing out of this world with SpaceX and SpaceChain
Can Ethereum, also known as the ‘World Computer,’ function outside this world — in space? A SpaceX rocket launch today will put that to the test.
How FTX CEO Sam Bankman-Fried navigates crypto trading’s new normal
From mass liquidations to meme trading, the characteristics unique to the crypto market can now be seen in traditional markets, says FTX CEO Sam Bankman-Fried.
Will China become the new digital currency superpower?
The U.S. dollar reigns supreme as the current world reserve currency. Could the USD’s status change with the rise of CBDCs like China’s DCEP digital yuan?
What will happen if Hong Kong bans retail investors from trading crypto?
Hong Kong is poised to ban small investors from buying cryptocurrencies, while making exchanges get licences. Industry experts discuss how this might play out.
How FTX crypto exchange won over 1 million investors and grew 25-fold
FTX crypto derivatives exchange pioneered TRUMP crypto futures and now dwarfs Coinbase in trading volume. Is going public in FTX’s near future?
Ethereum market cap now half trillion dollars as Ether price hits ATH of $4,360
Ethereum prices rally to new all-time high as Bitcoin’s dominance keeps sliding. Is Ethereum’s upcoming EIP 1559 upgrade boosting its value proposition?
Ethereum prices break $4,000 for first time—what’s driving ETH’s surge?
Is it all those new Ethereum ETFs, rising demand for Ethereum from DeFi and NFTs, or lower gas fees fueling ETH’s price jump to yet another all-time high?
5 US digital dollar pilots launching to chase China’s CBDC lead
The private sector-led Digital Dollar Project is planning CBDC pilots for the US. How are central bank digital currency efforts and progress different in Asia?
Dogecoin price flies to moon on eToro listing and Elon Musk for rocket fuel
DOGE fans push Dogecoin price to all-time high (ATH) after eToro lists the joke coin for 20 million users, days before ‘Dogefather’ Musk appears on SNL.
The NFT revolution is underway, and here’s what our future will look like
More than selling art and basketball mementos in a new way, NFTs can also transform copyright enforcement, royalties, real estate and financial markets.
Solana prices surge amid crypto crash as market seeks lower gas fees
Solana blockchain — a rising alternative to Ethereum for DeFi and NFTs — hit an all-time high this week while other cryptocurrencies stagnated. How come?
Coinbase listing on Nasdaq sets benchmark for other crypto exchanges
Coinbase’s estimated $100 billion direct listing debut could be the tipping point for crypto going mainstream. But is Coinbase really worth that much?
Filecoin’s crypto top 10 stint. Coinbase wows with earnings for Nasdaq debut. Japan opens door to CBDC.
Other top blockchain and cryptocurrency news: Hong Kong is new test bed for China’s e-CNY digital currency. Decentraland’s token bridge to Polygon.
What do Hong Kong’s crypto laws mean for exchanges and investors?
HashKey Group’s Angelina Kwan, a former regulator who helped write laws relevant to the crypto industry, also explains why Hong Kong leads the world in fintech regulations.
Hong Kong now exploring retail CBDC in upcoming Project Aurum
Hong Kong Monetary Authority intensifies its CBDC efforts with a new study into ‘hybrid’ digital currencies and private CBDC-backed stablecoins.
Ripple recasts embattled XRP as a ‘bridge’ currency for CBDCs
As XRP holders step closer to intervening in SEC’s lawsuit against Ripple, the payment platform gears up to grow its CBDC business with a new white paper.
Chia Network launches eco-friendly blockchain and XCH cryptocurrency
Founded by BitTorrent creator Bram Cohen, Chia Network’s new ‘proof of space and time’ blockchain aims to be a more sustainable alternative to bitcoin.
Japan to start digital yen tests as CBDCs gain momentum across Asia
As central banks in China, Korea, Hong Kong and Thailand ramp up CBDC efforts, Bank of Japan is now planning a proof of concept for a digital currency.
SEC: no duty to warn about XRP; denies Ripple’s fair notice defense
Intensifying its legal warfare against XRP, SEC takes aims at the heart of Ripple’s defense. But Ripple scores wins in Tetragon and YouTube lawsuits.
Jack Dorsey cashing in on NFT frenzy. Ripple turns to CBDCs amid XRP’s legal troubles. Is India rethinking a crypto ban?
Other top blockchain and cryptocurrency news: Ethereum takes up with Amazon, plans gas fee changes. China likely to increase blockchain spending.
Guide to tokens and NFTs: what is ‘tokenization’ and how does it work?
What do tokenized securities and Jack Dorsey’s NFT tweet have in common? In this Forkast.News explainer, learn how crypto tokens are changing the world.
Ripple: SEC did not give fair notice that XRP violated law
In its latest court filing, Ripple also says SEC led market to believe that XRP was not an investment contract. Outside court, Ripple pursues the CBDC business.
Cardano transitions to multi-asset blockchain amid ADA price surge
Cardano blockchain, a so-called ‘Ethereum killer,’ completes its Mary hard fork upgrade as ADA becomes 3rd largest cryptocurrency behind bitcoin and ether.
Major crypto players Coinbase and CoinShares are going public
Despite recent bitcoin and ether price drops, crypto giants Coinbase and CoinShares are betting that investment in digital assets will continue to grow.
NFT mania: Are blockchain art and NBA crypto collectibles a fad or the future?
From Beeple’s digital art to LeBron James video trading cards, non-fungible tokens (NFTs) are transforming the way we create, own and profit from content.
CasperLabs wants to help “morph” China’s BSN into the AWS of blockchain
CEO of CasperLabs, part of the Blockchain Service Network’s China and international versions, gives an insider’s view of blockchain’s future on the mainland.
Will 2021 be a bull year for crypto e-hongbaos?
Red packets are going digital, and e-hongbaos for cryptocurrency are on the rise across Asia this Lunar New Year of the Ox.
US must embrace digital dollar and cryptocurrency: Blockchain institute report
The Blockchain Research Institute-led report for Biden’s administration also outlines recommendations for crypto regulations and a national blockchain strategy.
Binance Labs invests in Plasm Network to expand Polkadot
Plasm Network, a leading DApps hub on Polkadot and first parachain on its Rococo testnet, secures $2.4 million to build out the growing Polkadot ecosystem.
XRP prices see ‘pump and dump’ as Ripple outlines legal defense strategy
In its response to SEC’s lawsuit, Ripple denies that XRP is a security, points out the clash with FinCEN and questions why SEC is not going after Ethereum.
GameStop copycat rally pumps up Dogecoin, Ripple XRP and other cryptos
Small investors drove up Dogecoin’s price by 1,000% after the GameStop saga, but money quickly left—and then Ripple’s XRP and Stellar prices went up.
Binance report: over 100 million people are now crypto users
About half of cryptocurrency users are hobbyists while 15% consider crypto their primary source of income, according to a survey of 61,000 crypto users.
74% of stablecoins are issued on Ethereum, according to new report
ConsenSys Codefi’s 4Q 2020 report on DeFi trends also predicts more ‘wrapped’ tokens, tranche lending products and Ethereum 2.0 derivatives in 2021.
Is Signal experimenting with Stellar-based cryptocurrency?
Signal, which exploded in popularity after WhatsApp’s privacy stumbles, may be exploring a business strategy pursued by Big Tech. What are the risks?
Janet Yellen clarifies stance, notes ‘benefits of cryptocurrencies and other digital assets’
In written testimony, the US Treasury Secretary-nominee calls digital assets ‘fintech innovations’ and pledges to ‘encourage their use for legitimate activities.’
SEC commissioner Hester Peirce says enforcement is never good way to provide clarity
In her first public remarks since the SEC’s lawsuit against Ripple and exclusive interview with Forkast.News Editor-in-Chief Angie Lau, SEC commissioner and “Crypto Mom” Hester Peirce says the SEC can do better on clarity and that enforcement isn’t always the best way to provide guidance
Crypto Santa’s naughty and nice list for Christmas 2020
Who in blockchain is making the world a better place this year, and who deserves nothing under the tree? Santa’s helpers at Forkast.News tell all.
SEC Plans to Sue Ripple for Securities Violations: Reports
In interviews, the Ripple CEO told Fortune and the Wall Street Journal that the SEC plans to sue the company in the near future for offering unlicensed securities.
Crypto exchange Coinbase is officially going public
As 2020’s bitcoin bull run surges ever higher, Coinbase — America’s largest crypto company — files for an IPO with the SEC.
Proposed US law would require stablecoins to be 1:1 dollar-backed
Are American lawmakers going after Facebook’s Libra, now called Diem? Controversial Tether may be the real target of new stablecoin-restraining bill.
The ultimate guide to crypto holiday gift shopping for 2020
What to buy for loved ones who already have it all? Here’s the Forkast.News guide to blockchain-inspired gifts that will please even the most discerning.
Ethereum’s big transformation arrives with launch of Ethereum 2.0
Coinbase and Huobi now support Eth2 staking as the ‘Beacon Chain’ heart of the new platform goes live. What will happens to users of Ethereum 1.0?
Filecoin explained: Decentralizing cloud storage for Web 3.0
AWS is down again? Protocol Labs’ Filecoin — an ‘Airbnb for cloud storage’ — is a response to the risks inherent in centralized data storage and cloud giants
Ethereum 2.0 now set for December launch after early lukewarm reception
ETH 2.0 raises over $300 million from over 16,300 participants, putting it on track for release next week after whales make big investments in the last minute.
Hong Kong and now Australia heating up global digital currency race
China’s DCEP digital yuan and new US interest in digital dollar are fueling sense of urgency on CBDCs — as blockchain firm ConsenSys paves the way.
Chinese tech titan Jack Ma: digital currencies may be wave of future
Poised for historic IPO, Ant Group reveals via patent filings its business strategies for China’s new DCEP digital yuan — including how it would help enforce government regulations
What’s up with Filecoin and the uproar over its miners?
Miners’ complaints with economic model are resulting in early rewards release and falling FIL prices. What happened to 800,000 coins?
Blockchain and Space Law 3.0: How smart contracts can help govern the moon and outer space
As nations and private firms venture farther into the galaxy, blockchain and distributed ledger technology could help enforce rules and resolve conflicts.
China pushes 50,000 people to spend DCEP right away, in biggest test yet of new digital currency
China advances its new e-RMB closer to launch after distributing to Shenzhen residents 10 million yuan in digital ‘red packets’ that will expire next week
Congested Ethereum hosts 96% of DeFi transactions. Who are its up-and-coming competitors?
2020 is banner year for DeFi as industry balloons by over $100 billion in volume from Q2 to Q3 — most of it riding on Ethereum, according to a new report
Is DeFi a $10 billion Ponzi scheme?
The risk of getting scammed is real, but DeFi also offers investors opportunities to earn yields in this pandemic economy, says Two Prime CEO Marc Fleury.
Trump’s Covid ills are infecting cryptocurrency betting markets
Are US presidential candidate futures an accurate gauge of public opinion? Cryptocurrency exchange FTX’s TRUMP and BIDEN prices offer clues.
Cryptocurrency futures give thumbs down to Trump’s debate performance
FTX cryptocurrency traders are dumping TRUMP after the first US presidential debate, a raucous affair punctuated by insults and interruptions.
Blockchain is shooting for the stars in the new Space Age
In the first of a special two-part series, Forkast.News examines how blockchain — from smart contracts to crowdfunding missions — could transform public and private ventures in outer space.
Rented hash power for 51% attacks is a ‘huge vulnerability’ for proof-of-work blockchains, says ETC Labs CEO
Ethereum Classic Labs CEO Terry Culver calls the hash rental market shady “like under a rock somewhere…. They’re basically money laundering operations.”
Joe Lubin of ConsenSys on acquiring Quorum: ‘a match made in blockchain heaven’
In a special Forkast.News interview, the CEO who co-founded Ethereum discusses the deal with JPMorgan, DeFi’s rise, and expectations for Ethereum 2.0.
US authorities are taking aim at DeFi. Are crypto loans next?
DeFi crypto lending — a loosely regulated industry that grew by 700% last year — is catching investor attention. What do the IRS and SEC think?
Ep. 20 | OKEx launches in Latin America. Cardano deploys Shelley. Crypto firms R3, IoTeX and iExec join Confidential Computing Consortium.
Other top news: US still dominates blockchain patents globally. First court case in China litigated with blockchain. VC in Indonesia and Singapore.
Ep. 19 | Will PayPal and Venmo offer crypto trading? FC Barcelona kicks off fan token. USDC ditches Ethereum for Algorand.
Other top news: Chainlink embraced by China’s blockchain network. Could Justin Sun’s infamy outshine TRON 4.0? Fintech in Thailand and Singapore.
Seeking a new job? Crypto firms are on a hiring hot streak right now.
Blockchain and cryptocurrency companies are rapidly expanding, and there’s a shortage of talented hires. That makes it a great time to consider a career in crypto.
Bitmain drama escalates with new threats and use of force. Do customers care?
Game of Thrones at the world’s largest bitcoin mining rig maker culminates, in this week’s episode, with a once-exiled company founder storming and seizing back the corporate castle.
Ep. 14 | Was that Satoshi? TRON 4.0 gets lukewarm reception. Blockchain Bill of Rights.
More top news: China pours billions into blockchain and other infrastructure. Ant Financial’s new smart contracts. VC in Singapore and India.
How China hot-housed a new technology and 35,000 ‘blockchain’ companies bloomed
China is trying to grow its blockchain industry, but are all these startups for real? Forkast.News dives into the data to find the truth behind the numbers.
Ep. 3 | Top blockchain news on China, France and S. Korea – and a new Ethereum protocol. What’s next for India?
What’s up with South Korea’s new blockchain regulations? And where is bitcoin now legal tender? (Mai oui!) Other headlines around the world: a storm over STEEM, the new Baseline protocol for privacy, HTC’s Exodus 5G Hub, and how the coronavirus has affected blockchain firms in China.
Going for gold amid coronavirus recession fears
Gold bars are unwieldy. Gold futures and ETFs carry risks. Can gold-backed crypto, or tokenized gold, be a safer hedge during the current market tumult?
Tokenized gold: smart investment as coronavirus fuels economic turmoil?
Coronavirus fears are sending markets tumbling. Could tokenized gold, or gold-backed crypto, be the next-generation investment in times of economic trouble?
Binance’s corporate registration in China lapsed in 2018
The crypto exchange has a presence in China, but not an official registration.
WATCH: Balancing Innovation and Regulation in Blockchain: Ronald Tucker
Ron Tucker, Founder and Chair of the Australian Digital Commerce Association, describes his long-running involvement in the industry and the reasoning behind his faith in the technology. As the head of a crypto exchange, Tucker has been involved in navigating and advising the regulatory steps that institutions such as FATF are taking. Contrary to concern about these new policies stymying the growth of the industry, Tucker asserts that the regulation is necessary in providing a safe environment for cryptocurrency to grow.
BOE Governor Says Global Digital Currency Should Replace the US Dollar – Rabobank’s Michael Every Breaks It Down
In this last week, Bank of England Governor Mark Carney made waves in the crypto industry by espousing, as a pillar of traditional banking, an alternative to the very system he heads. At a speech in the U.S., Carney put forward the idea of a “synthetic hegemony currency” – in other words, a central bank-banked […]