How to avoid getting rug-pulled in crypto and DeFi
Scams like the Squid Game Token rug pull are every investor’s nightmare. How to avoid hoaxes and not feel like a fool? Forkast.News explains.
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Circle contributes to $4.3M Series A funding round for yen-backed stablecoin
As Circle expands into Asia as part of a global expansion plan, what does the investment in a yen-back stablecoin mean for the market?
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UAE’s LuLu Exchange, Pakistan’s Bank Alfalah partner on cross-border payments
LuLu Exchange, a financial services company in the United Arab Emirates (UAE), and Pakistan’s Bank Alfalah are partnering to bring faster and more cost-effective cross-border payments and remittances from the UAE to Pakistan using RippleNet. Fast facts Bank Alfalah’s integration with RippleNet — Ripple’s global payments network for financial institutions — and its launch with…
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Taiwan has a chance to develop crypto amid China’s clampdown, Filecoin Foundation director says
As crypto projects are relocating from China to friendlier shores, it represents ‘huge opportunity’ for Taiwan.
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Africa’s first CBDC wallet hits almost 500K downloads
As central bank digital currencies begin picking up steam around the world, the Central Bank of Nigeria announced on Friday the digital wallet for its own digital currency, the eNaira, has been downloaded 488,000 times in 160 countries — in just 19 days after its launch. Fast facts According to local news reports, after President…
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China ousts former official for supporting crypto mining, corruption
A former Chinese official has been expelled from the Communist Party of China for “serious violations of discipline and law” as he was found to introduce and support cryptocurrency mining activities, in what may be the first time for China’s anti-graft watchdog to expel an official over crypto mining. Fast facts The country’s anti-corruption watchdog…
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Algorand Foundation, Blockchain Association Singapore partner to grow blockchain ecosystem
The Algorand Foundation, a Singapore-based blockchain organization supporting the development of the Algorand ecosystem, has partnered with the Blockchain Association Singapore to drive the development of blockchain technology in Singapore and the wider Southeast Asia region. Fast facts In a memorandum of understanding signed on Nov. 12, the ecosystem partnership will see the Algorand Foundation…
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Blockchain gaming firm Forte closes $725M Series B funding
In another sign of increasing adoption of blockchain technology in the gaming industry, Forte — a leading provider of blockchain solutions for game publishers — has secured US$725 million in a Series B fundraising round, the firm announced. Fast facts Led by Sea Capital and Kora Management, this follows from the US$185 million it raised…
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Indonesia’s top Islamic council says crypto use is forbidden for Muslims: report
The religious body’s decision comes after the country saw crypto transaction growth earlier this year.
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Russian parliamentarian proposes to study and regulate crypto mining
The Russian government could be looking to legalize cryptocurrency mining, as parliamentarian Andrey Lugovoy proposed the creation of a working group to discuss the issue, according to a Thursday press statement from State Duma, the country’s lower house of the parliament. Fast facts Lugovoy, also a deputy chairman of a committee on security and anti-corruption,…