Consumer adoption of cryptocurrencies has grown, with 38% of respondents to a survey saying they have either invested in or bought a cryptocurrency, according to digital wallet provider Skrill, part of payments provider Paysafe.
Vitalik Buterin sets a green future for the Ethereum network while Bitdeer becomes the latest to block Chinese miners.
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?
The power of tokenization can fundamentally transform the fabric of the financial system, Singapore’s DBS Bank CEO Piyush Gupta told the Consensus by CoinDesk 2021 conference taking place this week.
Ripple’s CEO Brad Garlinghouse says Ripple was hit hard financially after SEC filed its lawsuit, but the company is now expanding uses for XRP’s technology.
Breaking into occasional Mandarin at a Hong Kong conference, Ethereum’s visionary creator tells all — including why Ethereum 2.0 is taking so long.
BitDeer, one of China’s biggest crypto mining operators, blocked access to anyone using a mainland Chinese IP address last night.
Global payments giant PayPal plans to let its users move the cryptocurrency they hold on its platform into third-party wallets.
Cashless payment methods are on the rise as governments step up central bank digital currencies (CBDCs) initiatives.
Investors are turning to green alternatives to tackle Bitcoin’s impact on the environment as Indonesia gears up for a CBDC.
The Chinese region of Inner Mongolia – once a thriving cryptocurrency mining hub that has recently enacted a series of measures to rein in the sector – has unveiled eight new proposals designed to give added force to its recently imposed, all-out ban on crypto mining.
Despite recent outflows from crypto, U.S. dollar-linked stablecoin Tether (USDT) has surpassed US$60 billion for the first time this week.
New and innovative lenders are taking advantage of DeFi’s low costs to offer savings account interest rates that Main Street banks simply can’t match.
China’s miners prepare for migration and Hong Kong reacts to possible retail ban. Meanwhile a South Korean governor becomes a crypto influencer.
Amid declines in Bitcoin and Ethereum, Cardano and its native cryptocurrency ADA saw US$10 million inflows as institutional investors switch to proof-of-stake coins.
Chinese authorities’ latest regulatory offensive against the crypto industry may not be as bad for the sector as it appears.
Hong Kong is poised to ban small investors from buying cryptocurrencies, while making exchanges get licences. Industry experts discuss how this might play out.
Hong Kong reacts to the region’s pending legislation on limiting crypto investment to professional investors while a conglomerate enters South Korea’s crypto custody scene.
PwC and Elwood Asset Management have published their third annual report on the global crypto hedge fund landscape. Here are its findings.
Crypto exchange Bybit is launching cloud mining to provide exposure to Ether. What happens when Ethereum moves from proof of work to proof of stake?
The crypto market has rebounded after one of its biggest crashes. Bitcoin is a ‘safe haven’ for many investors.
Coinbase Pro adds Solana’s native token, opening the doors for US investors after SOL outperforms Bitcoin and most other cryptos amid market crash.
As mainstream finance embraces decentralized finance, neither it nor its younger challengers are likely to escape the evolutionary forces at work.
The Booker Group announced that it now holds approximately US$35 million in crypto and plans to invest US$3 million into DeFi in Q2.
U.S. SEC chair Gary Gensler says regulator will enforce crypto rules ‘aggressively and consistently’
U.S. SEC chair Gary Gensler says as technology and markets evolve, regulators should be ready to bring cases involving crypto.
Mass liquidations are observed across exchanges as the crypto market continues to struggle. Meanwhile, institutions explore DeFi.
Newly elected South Korean Prime Minister Kim Boo-kyum appears to be leading an embrace of the cryptocurrency sector among lawmakers.
In a win for the SEC, a judge knocks back Ripple’s request to stop the SEC from asking foreign regulators for info on Ripple and XRP transactions overseas.
The Chinese region of Inner Mongolia is urging members of the public to report all cases of cryptocurrency mining, setting up a reporting hotline, an office address and an email address to solicit tips for law enforcement authorities.
Chinese cryptocurrency miner BIT Mining has signed a deal to build a data center in Texas.
DeFi project Maple Finance is launching a $17 million lending pool to provide crypto startups with capital. Is this the start of a DeFi credit underwriting trend?
Former CFTC chairman Chris Giancarlo and Accenture’s David Treat are not in a CBDC race, but a ‘contest’ to develop money that reflects societal values.
Qingdao-headquartered tech company SOS Ltd. has announced the launch of more than 6,000 ETH and BCT mining rigs, claiming 90% renewable energy sources.
China has slapped a ban on finance sector businesses, including payment firms, from offering cryptocurrency services.
As Singapore builds Project Dunbar, a cross-border multiple-CBDC platform, its government dives into DeFi learning and ponders a CBDC for the masses.
Banks in Singapore are leading blockchain and DLT developments while South Korean game developer WeMade entrusts its US$130 million crypto holdings to KODA.
The final phase of Polkadot’s rollout — with parachains — just kicked off. Here’s what you need to know about Polkadot and parachains, and why it matters.
Tesla founder Elon Musk has lost his position as the world’s second-richest person following a 2.2% decline in the electric carmaker’s share price.
Fund managers have reacted swiftly to the latest price volatility in the cryptocurrency market triggered by recent Elon Musk tweets that have raised doubts over Tesla’s future relationship with Bitcoin, the Financial Times reports. Fast Facts: T Rowe Price President and Head of Investments Rob Sharps recognized the impact of cryptocurrencies across capital markets, but […]
A tweet about Dogecoin by Tesla founder Elon Musk provoked a terse response from high-profile figures in the cryptocurrency industry on Sunday. Fast Facts: Musk responded to a tweet in which Twitter user @itsALLrisky claimed that Dogecoin was superior to Bitcoin, tweeting back: “Ideally, Doge speeds up block time 10X, increases block size 10X & drops […]
It’s only a matter of time that digital currency ‘is going to overshadow all the other forms of money,’ says Neeraj Khandelwal of CoinDCX.
To improve public trust, South Korea is barring police officers from buying cryptocurrency. Could this presage a broader clampdown on crypto in the country?
The Asian crypto industry reacts to the US Department of Justice and Internal Revenue Service money laundering probe into Binance. In South Korea, the nation’s largest internet company plans to join Bank of Korea’s CBDC ventures. Over in Singapore, Southeast Asia’s largest lender DBS Bank expands its crypto services for its private bank clients by […]
What will happen to your Bitcoin keys and crypto wallets when you die? Southeast Asia’s largest bank will now take care of it all for the super wealthy.
Yet another U.S. regulatory probe of leading crypto exchange Binance is underway, but CEO Changpeng Zhao isn’t impressed with news headlines.
As many as 46 million U.S. consumers will consider using cryptocurrency to make retail purchases, regardless of whether or not they currently own crypto, a joint study by media outlet PYMNTS and Bitcoin payment service BitPay shows. Extrapolation indicates that purchases made using cryptocurrency could conservatively represent around 1% of all retail sales in the […]
Singapore’s DBS Private Bank has announced the launch of Asia’s first bank-backed trust offering for cryptocurrencies. The service, operated via the lender’s wholly-owned licensed trust subsidiary, DBS Trustee, allows clients to invest, custodize and manage their digital assets. The service will handle only those cryptocurrencies hosted on the DBS Digital Exchange — Bitcoin, Ether, Bitcoin […]
Binance, the world’s biggest cryptocurrency exchange, is being investigated by the U.S. Department of Justice and Internal Revenue Service over alleged illegal activities. Officials responsible for investigating money laundering and tax breaches have interviewed individuals familiar with Binance’s activities, according to a report by Bloomberg. In March, the U.S. Commodity Futures Trading Commission said it […]
Animoca Brands’ valuation tops US$1 billion as it charges forward in the NFT and blockchain gaming space with $88,888,888 in new funding.
FTX crypto derivatives exchange pioneered TRUMP crypto futures and now dwarfs Coinbase in trading volume. Is going public in FTX’s near future?
Global US dollar reserves touched a 25-year low in Q4 2020, according to a new IMF report. Will a digital euro and e-RMB muscle in?
Shiba Inu is the new “Doge killer” and Chinese investors “can’t get enough” of it, says Gate.io, as #SHIB trends in Weibo.
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?
Crypto veterans are appalled by the sudden popularity of $hitcoins like DOGE and SHIB. But others say memecoins are making investing more accessible.
Indonesia’s tax authority is studying a proposal to tax cryptocurrency trading as interest in digital currencies gains momentum among local investors. Directorate General of Taxes spokesman Neilmaldrin Noor was quoted by Reuters as saying, “If there is a profit or capital gain generated from a transaction, the profit is an object of income tax. So […]
Bangkok-headquartered financial consultancy and capital manager The Brooker Group is set to invest US$48 million in a portfolio of decentralized applications and decentralized finance tokens, a move that will see the company commit around half of its assets to the sector. The firm has identified what it describes in a press release as “huge” growth […]
Software company Block.one today announced the launch of new subsidiary Bullish Global. An independent entity that will operate under Block.one’s parentage, Bullish Global is focused on the rollout this year of Bullish, a blockchain-based cryptocurrency exchange, according to a press release sent to Forkast.News. Bullish aims to combine the performance, user privacy and compliance offered […]
FTX CEO Sam Bankman-Fried joins Forkast.News to share how the exchange is able to provide new financial products while still satisfying regulators.
As retail interest in crypto grows, countries around the world are grappling with consumer protection. Asia offers a window into the array of policy responses.
Dogecoin is on its weekend hangover as trading volumes in India’s WazirX for DOGE reaches new heights. Meanwhile, ESG investments tackle crypto.
In the latest volley in SEC v. Ripple Labs, the SEC contends that Ripple has waived its attorney-client privilege over legal advice on XRP’s status.
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?
While Bitcoin Cash surges, we visit a Japanese coffee shop owner who just started accepting BCH as payment.
XRP sales by Ripple accounted for 0.07% of global XRP volume. Ripple says its sales were to support on-demand liquidity customers.
R3’s Corda — one of the most widely used blockchains of Corporate America — is coming to China. What does it mean for the US and Europe?
Developer of Arte by Antonio Citterio partners with blockchain platform to allow buyers to pay with cryptocurrency. Sapir Corp, the developer of the Surfside district condominium, has teamed up with blockchain and securities trading platform SolidBlock to allow buyers of the luxury residences to purchase them using cryptocurrency. The partnership between Sapir Corp and SolidBlock […]
The new self-proclaimed eco-friendly crypto leverages unused disk space — but Chia miners are buying out new hard drives and equipment instead.
More than $200 million of assets seized from firm identified as VGlobal. South Korean police have raided a Seoul-based cryptocurrency exchange over an alleged multi-level marketing fraud. The exchange, identified as VGlobal, according to a report by Bitcoin.com, stands accused of stealing millions of dollars from investors. According to the Yonhap news agency, police raided […]
ConsenSys Codefi’s Q1 report on decentralized finance (DeFi) trends also saw 7x growth in stablecoins and predicts flashbots dominating the Ethereum network.
South Korea’s finance department on Wednesday announced a new rule imposing a 20% capital gains tax on cryptocurrency transaction gains starting in 2022. However, cryptocurrency investors are entitled to a tax deduction for expenses incurred during mining. The country’s Ministry of Economy and Finance explained cryptocurrency transaction gains exceeding 2.5 million won (about US$2,230) would […]
Institutional interest propels cryptocurrencies into mainstream for wealthy investors looking to diversify portfolios. High net worth Australians are committing increasing sums in cryptocurrencies as digital assets move from the fringes of investment markets and become steadily more mainstream. Leigh Travers, executive director of technology investment firm DigitalX, says he has observed a growing trend toward […]
Finland-based mobile phone manufacturer Nokia unveiled its blockchain-enabled Nokia Data Marketplace on Wednesday, said to offer monetized data exchange and analysis capabilities. In a statement, the company said the service would allow its partners from various industries to collaborate via private blockchain, leveraging AI and automated mechanisms in real time to address rapidly growing data […]