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Ethereum sets new all-time price high as crypto market cap nears $3 trillion

Ethereum reached a new all-time price high of US$4,766 earlier today, flying past its previous all-time high record of US$4,634 set five days ago, according to CoinGecko data. Fast facts The world’s second-largest cryptocurrency by market value has been on a record run since late last month. On Oct. 28, Ethereum’s price climbed to US$4,416 for the first time. The […]
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Canaan sues over patent infringement; PayTM considers crypto services

Canaan sues over patent infringement also, PayTM considers crypto services

Is 2021 the year of crypto’s coming of age?

Blockdata co-founder Jonathan Knegtel thinks so. Almost a teenager, Bitcoin is reaching a level of maturity that’s defying the predictions of its critics.

Crypto mining rig maker Canaan sues two Chinese tech companies over patent infringement

Canaan is seeking $14 million in alleged losses from Shenzhen HighSharp Electronic Technology and Sichuan Yinbimei Technology.

IPO-bound Paytm may launch crypto services if legalized in India

India digital payments giant Paytm will consider launching crypto-related services if it becomes a regulated asset class in the country, Paytm CFO Madhur Deora told Bloomberg TV on Thursday. Fast facts “Bitcoin is still in a regulatory gray area, if not a regulatory ban in India,” Deora said. “If it [Bitcoin and other cryptocurrencies] was […]

Miami and NYC leaders vie for crypto-mayor title

The bell has rung on the friendly, post-Election Day competition between leaders of two major American cities for who will be the crypto-friendliest mayor of all.

What is the Solana ecosystem and how is it fueling SOL’s stratospheric rise?

Solana prices keep cresting to new heights, making SOL a top-five cryptocurrency by size. What makes Solana and its ecosystem stand out? Forkast.News explains.

Federal Reserve to taper bond purchases, prompting concerns over BTC impact

As the U.S. economy shows signs of recovery from the pandemic-related recession, the Federal Reserve has announced it will begin tapering the US$120 billion a month it spends on bond purchases, hoping to address concerns of rising inflation. This has caused unease in the crypto industry as Bitcoin adoption over the past 18 months has […]

Eric Adams wants New York to have a cryptocurrency

NYC Mayor-elect Eric Adams said he wanted to ‘look at what’s preventing the growth of Bitcoins and cryptocurrency in our city.’

Hong Kong Fintech Week’s live comeback talks digital renminbi and DeFi

One of Asia’s largest fintech events returns for its sixth year with a hybrid format of live and virtual sessions. Regulators, corporations and experts share what’s important now in crypto.

ETH and SOL hit all-time highs; CBA to offer crypto services

ETH and SOL hit all-time highs as well as CBA offers crypto services

Stablecoin toss to US Congress as regulators circle

Top blockchain and crypto news: Stablecoins at regulatory crossroads. Squid Game crypto players suffer shocking fate. Are metaverses China’s new national insecurity?

Dogecoin, Shiba Inu are becoming crypto alpha dogs in India

Dogecoin and Shiba Inu are gaining massive traction and ranking among the top five traded cryptocurrencies on Indian exchanges. Fast facts Dogecoin contributed 13.76% to the overall trading volume of CoinSwitch Kuber, which claims to be the largest Indian crypto exchange with over 10 million customers, over the last six months, according to a report […]

Ethereum, Solana, Polkadot climb to new all-time price highs in altcoin rally

Ethereum crosses the $4,600 mark for the first time and Solana overtakes Cardano as the fifth-largest cryptocurrency by market value.

Commonwealth Bank first in Australia to offer crypto trading

Amid debate in Australia surrounding the banking sector’s relationship with cryptocurrency, the country’s largest bank, Commonwealth Bank, will soon be allowing customers to buy, sell and hold crypto assets directly through its app — making it the first bank in the country to do so. Fast facts Partnering with leading global crypto exchange and custodian […]

CME expands crypto derivatives offerings with Micro Ether futures

The Chicago Mercantile Exchange is going to expand its crypto derivatives offerings and launch Micro Ether futures on Dec. 6, pending regulatory review. Fast facts Micro Ether futures will be sized at 1/10th of one Ether, allowing access to a wide range of investors amid surging Ether prices, according to a press release. Ether reached […]

BXH suffers US$130 million exploit; Squid game token meets deadly end

BXH suffers US$130 million exploit, also Squid game token meets deadly end

BXH says its exploit, now estimated at $139M, came from admin key leakage

The hacked DeFi platform called China’s cyber police first thing as most users appear to be in China.

Institutional inflows into crypto year-to-date 30% higher than 2020 total

Cryptocurrency investment products saw inflows of US$288 million last week, with total inflows year-to-date at a record of US$8.7 billion — 30% higher than the total for 2020, according to digital asset manager CoinShares. Fast facts Bitcoin continued to lead with institutional inflows of US$269 million last week, albeit at a significantly lower level compared […]

Another DeFi platform, BXH, suffers $130M exploit

This follows an attack on Cream Finance that also resulted in a $130M hack.

Why blockchain is the operating system of the digital age

Blockchain has achieved platform status, writes Don Tapscott of Blockchain Research Institute. Get ready for the ‘trivergence’ that will shake up the world.

China’s prefecture-level city Ganzhou cracks down on crypto activities

More local governments in China are taking actions to crack down on cryptocurrency mining and trading, with Ganzhou, a prefecture-level city in the eastern province of Jiangxi, having deployed checks and inspections on local businesses. Fast facts The economic development zone in Ganzhou announced that it is working with the central bank’s local branch, the […]

King Fury movie director launches monster figure NFTs

Martial arts comedy movie series “King Fury” director David Sandberg has launched a new non-fungible token series called “Unicorn Masters” inspired by monstrous action figures from movies in the 1980s and 90s. Fast facts The Halloween edition of Unicorn Masters contain 15 3D-rendered animated characters described as disturbed, disembodied and desiccated. The NFT characters look […]

Warning issued over K-pop crypto; Dog fight hits crypto market

Warning issued over K-pop crypto meanwhile Dog fight hits crypto market

Wharton business school to accept crypto for new blockchain education program

In the latest sign of the American business establishment’s warming embrace of cryptocurrency, the University of Pennsylvania’s prestigious Wharton business school will accept crypto for tuition payment for an online program. Fast facts The Wharton School’s new executive education program “Economics of Blockchain and Digital Assets” plans to accept cryptocurrencies such as Bitcoin for tuition […]

Tales from the Crypt, 2021: 10 crypto horror stories

Behind this year’s giddy markets, evil and tragedies abound. Just in time for Halloween, Forkast.News shakes out the skeletons in crypto’s closet.

‌How‌ ‌can we better ‌protect‌ ‌digital‌ ‌assets‌ ‌and‌ ‌guard‌ ‌against‌ ‌hackers‌?

‌‌As‌ ‌Asia‌ ‌warms‌ ‌to‌ ‌crypto,‌ ‌cyber attacks‌ ‌are‌ ‌growing‌ ‌in‌ ‌sophistication,‌ ‌writes‌ ‌Shahnawaz‌ ‌Backer‌ ‌of‌ ‌F5.‌ ‌What can be done to thwart bad actors?

DeFi platform Cream Finance suffers $130M exploit

This appears to be the third hack for the protocol this year — yet the biggest one so far.

DBS Bank first in Southeast Asia to join Hedera Governing Council

Singapore’s DBS Bank — Southeast Asia’s largest lender — has joined the Hedera Governing Council, a diverse group of companies that governs and supports the Hedera network, an enterprise-grade public ledger of transactions, according to a media statement. Fast facts DBS — the first and only bank in Southeast Asia to join the Governing Council […]

Sotheby’s first metaverse auction sees 1,500 bids, sets NFT records

Sotheby’s ended its Natively Digital 1.2 auction event with 1,500 bids on Tuesday, with a total turnover of US$18.6 million after nine days of live bidding. Three non-fungible tokens (NFTs) reached record bids, including #8817 Ape by Bored Ape Yacht Club, Rare Pepe PEPENOPOULOS, and Self Portrait #1 by Dmitri Cherniak, according to a press […]

Altair upgrade goes live; Hybe and Dunamu consider NFT venture

Altair upgrade goes live, also Hybe and Dunamu consider NFT venture.

A virtual K-pop girl group aims for the metaverse

South Korean mobile game developer Netmarble to create a virtual K-pop idol group under partnership with internet giant Kakao group using meta-human technologies.

Spark Pool allows balance withdrawal as it phases out all domestic, international users

Mining pool Spark Pool, which was once a major Ethereum mining pool, says its users may withdraw existing balances, but beginning Nov. 1 it will no longer offer other services related to mining for both domestic and international users, the company said in a statement. Fast facts Spark Pool last month reacted swiftly to China’s […]

What will Ethereum prices be as 2021 ends?

As Ethereum surges to a new all-time high, 50 fintech experts surveyed by Finder offer predictions on ETH’s year-end and longer-term price outlook.

Vitalik Buterin: Layer 2 is the future of Ethereum scaling

Ethereum’s creator explains why rollups can help scale Ethereum while preserving decentralization.

Philippines trials blockchain voting; Byron Bay to host crypto mining

Philippines trials blockchain voting meanwhile Byron Bay to host crypto mining

Kazakhstan proposes to limit power consumption for new crypto miners as power deficit bites

Local miners told Forkast.News that existing legal miners won’t be much affected, though they’re still subject to power rationing.

Australian crypto industry watches as sole trader charges two top banks with ‘debanking’

While the government signals it is ready to promote the industry, the country’s banks remain unimpressed. ANZ has already settled its de-banking case with Allan Flynn, but as the tribunal with Westpac concluded over the weekend, what should we expect from the outcome?

Mastercard partners with Bakkt to offer crypto payments

Payments giant Mastercard and cryptocurrencies firm Bakkt Holdings Inc. announced on Monday they have partnered to facilitate cryptocurrency debit and credit card payments. The partnership will make it easier for merchants, banks and fintechs in the U.S. to offer a broad set of cryptocurrency services and ​​enable consumers to buy and sell digital assets through […]

Solana price hits new all-time high amid rising crypto market

As the crypto market lit up with green across the board this morning, the price of Solana (SOL) jumped 6% in a few hours overnight to reach a new all-time high of US$218.73, according to data from CoinMarketCap. Solana’s price has since lost some of this ground, however, and was trading at US$208.57 at press […]

Proshares files for exemption; Shiba Inu hits all-time high

Proshares files for exemption meanwhile Shiba Inu hits all-time high

Nigeria to become 1st African country to launch a central bank digital currency

Nigeria, a country with one of the world’s highest cryptocurrency adoption rates, is set to become the first African nation to launch its own central bank digital currency (CBDC) today as President Muhammadu Buhari formally launches the eNaira. Fast facts Nigeria’s CBDC, the eNaira, was initially scheduled to be launched on Oct. 1. The launch […]

U.S. crypto miner Greenidge more than doubles Bitmain rig order to fuel growth

Greenidge Generation Holdings Inc., a U.S. Bitcoin mining and power generation company, has announced it plans to ramp up its operation across the U.S. by more than doubling its previous order with Chinese mining rig maker Bitmain. Fast facts Nasdaq-listed Greenidge said Thursday in a statement it plans to significantly expand beyond its current operating […]

ProShares seeks to alter BTC ETF after less than a week

Less than a week out from its historic launch, ProShares is already seeking to amend its Bitcoin futures exchange-traded fund — the first in the U.S. — by filing for an exemption from trading limits at the Chicago Mercantile Exchange, where the fund purchases its futures contracts, according to an article in Barron’s. Fast facts […]

SHIB reaches new all-time high, as DOGE surges as well

Dogecoin copycat token SHIB jumped almost 60% in less than 24 hours on Sunday to reach a new all-time high of US$0.00004442, as DOGE also surged over the weekend. SHIB was trading at US$0.00003937 at press time, and is now the 13th largest token by market cap, according to data from CoinMarketCap.com. Fast facts This […]

Australia looks to regulate crypto; Ethereum hits all-time high

Australia’s Senate report into fintech regulations includes 12 recommendations for a clear digital assets framework.

Canadian crypto miner Hut 8 Mining to buy 12K new MicroBT rigs

Canadian crypto miner Hut 8 Mining announced yesterday that it would buy 12,000 new MicroBT mining machines for US$58.7 million from Inchigle Technology Hong Kong Ltd., as the mining company continues to expand its North American presence. Fast facts Hut 8 Mining said the new machines will represent an aggregate incremental production of 1.17 exahashes […]

Australia’s Senate releases long-awaited crypto report

The Senate unveiled its most comprehensive look at blockchain regulation, hoping to transform the country into a global industry leader.

Ethereum price touches new all-time high in altcoins rally

Ethereum prices surged to new heights ahead of next week’s Altair Beacon Chain upgrade but then pulled back. How do crypto experts make sense of it?

FTX raises $421 million, valuation jumps $7B in 3 months

Just three months after closing a record US$1 billion series B, the two-year-old cryptocurrency exchange is now valued at US$25 billion. Fast facts The US$420,690,000 Series B-1 funding round saw the participation of 69 investors, with prominent names the lineup, including Ontario Teachers’ Pension Plan Board, via its Teachers’ Innovation Platform, Singapore’s state-owned investment firm […]

A radically different financial architecture is here. Who will own it?

DeFi is a real-world experiment testing out a new model for finance, writes Alex Grebnev of Oxygen. What is the future of banking without Wall Street?

What Singapore’s novel crypto license scheme means for the future of payments

In a special Q&A, CEO Louis Liu describes the hoops FOMO Pay jumped through to win Singapore’s first crypto license and calls its regulator a ‘collaborator.’

The crypto policy landscape and how to educate policy makers about Web 3.0 | Ep. 5

How the crypto economy is engaging with legislators, what policy makers need to know about Web 3.0 and what role the U.S. infrastructure bill has played in kickstarting better cryptocurrency education.

Martha Stewart, media mogul and lifestyle guru, turns to Halloween-themed NFTs

In a sign that non-fungible tokens (NFTs) are hitting home, media personality and businesswoman Martha Stewart, perhaps the biggest influencer on modern American home life and middle-class domestic strivings, just launched online store FRESH Mint that will sell Halloween-themed NFTs featuring pumpkin crafts and costumed images of America’s domestic goddess herself.  Fast facts The NFT collection is launched in partnership […]

Huobi Japan gets regulator’s approval to offer crypto derivatives

Huobi Japan has been granted approval to offer crypto derivatives as a Type I Financial Instruments Business by Japan’s Financial Services Agency (FSA) — the regulator for financial services in Japan — according to a company statement this week. Fast facts Huobi Japan currently offers spot trading for 14 cryptocurrencies, including Bitcoin, Ethereum and Huobi […]

China’s crypto presence shrinks, while the U.S. rides the tide

More industry players are exiting the Chinese mainland market amid tougher crackdown.

How to make sense of the hot new digital assets, like Bored Apes? Think: Lego blocks

Money, culture and community are now converging in NFTs and the token economy, writes Lily Z. King. Welcome to a new world where ‘money Lego’ meets ‘culture Lego.’

37% of Singaporeans use or are keen on crypto for purchases — but more are uninterested: report

More than one-third — or 37% — of Singapore residents are already using or are interested in using cryptocurrencies to pay for purchases, according to the latest research from Worldpay from FIS, a payment platform. But nearly half — or 47% — of Singaporean respondents said that they were not interested in using cryptocurrencies for payments. […]

Chinese find ways around crypto ban; ANZ settles debanking case

Chinese find ways around crypto ban meanwhile ANZ settles debanking case

Atlas expands crypto mining operations in U.S. with Compute North

Singapore-based Atlas Mining today announced that it is expanding its cryptocurrency mining operations in the United States in a multi-year hosting service agreement with Compute North, a U.S.-based cryptocurrency mining infrastructure provider. Fast facts The deal will see Compute North providing over 100 megawatts colocation capacity — enough to power a small city — for […]

Australia’s ANZ settles in crypto debanking case

Amid a national conversation on debanking of crypto businesses, one of Australia’s “Big Four” banks — ANZ — has settled a case brought by local exchange operator Allan Flynn, who argued ANZ debanked him due to his occupation in cryptocurrency. Fast facts Flynn, crypto trader and owner of the Australian exchange CanberraBitcoin, announced the settlement […]

How Singapore’s crypto regulations are shaping its DeFi space

Singapore is a major crypto hub. But for whom? In this primer, Malcolm Tan explains the island-state’s regulatory evolution and which groups are no longer in its favor.

Crypto trading platform Bakkt goes public

U.S.-based Bakkt, a cryptocurrency custodian and trading platform, went public Monday on the New York Stock Exchange after an announcement by Intercontinental Exchange, or ICE, which owns Bakkt and the NYSE. Fast facts Unlike its competitor Coinbase, which chose a direct listing on Nasdaq, Bakkt is going public by merging with a special-purpose acquisition company, […]

As regulators circle above, how should the DeFi industry respond?

Traditional finance evolved over centuries while DeFi is coming into its own in a few years, writes Adi Ben-Ari of Applied Blockchain. Are its risks inevitable?

BTC price nears all-time-high as futures ETFs near approval

The U.S. could see a long-awaited Bitcoin futures ETF trading on the New York Stock Exchange and the Nasdaq in the next few days. Forkast.News spoke with market watchers to find out what it means for the industry.

20% crypto tax is critical issue in next South Korea presidential election

Candidates and possible contenders in South Korea’s next presidential election call for delaying a plan to tax virtual assets — currently scheduled to begin in January — in a bid to appeal to millennial and Generation Z voters. Fast facts Lawmakers from both the ruling democratic party and the opposition party have spoken out against […]

Crypto tax critical to Korean election: China crackdown continues

South Korean presidential hopefuls lean towards delaying crypto tax to impress younger voters.

China’s Zhejiang province busts covert crypto mining operations — some within public entities

Hidden mining tracked by IP addresses to state agencies, enterprises, institutions, schools

Ripple joins Digital Pound Foundation as it looks to expand its CBDC business

Ripple, a San Francisco-based blockchain payments company, has joined the Digital Pound Foundation, a non-profit organization supporting the implementation of a digital pound in the United Kingdom, according to a Ripple blog post. Fast facts As a foundation member, Ripple will be represented on the board by Susan Friedman, Ripple’s head of policy. Other foundation […]

Sotheby’s to auction digital art in a digital world

Sotheby’s, the 277-year-old auction house, is launching its own immersive digital experience to offer prospective buyers a new way of engaging with the latest art-world craze — non-fungible token (NFT) artworks — according to a press release shared with Forkast.News. Fast facts Sotheby’s is creating a metaverse to allow users to explore and learn about […]

Crypto mining pool AntPool to stop IP access from mainland China

AntPool, currently the world’s second-largest Bitcoin mining pool in terms of real-time hashrate, announced today that it is stopping the connection of IP addresses from the Chinese mainland beginning Friday. Fast facts AntPool said in its statement it decided to make the adjustment to abide by the Chinese government’s relevant rules on crypto mining and […]

Taiwanese fintech startup XREX collaborates with TRM Labs to ramp up security

XREX Inc., a Taipei-headquartered crypto-fiat exchange and trade technology platform, today announced a partnership with TRM Labs, a blockchain intelligence provider, to ramp up its platform’s security and enhance its ability to combat fraud and suspicious activities. Fast facts XREX said in a statement it has put to use the risk management tools developed by […]