Ripple Labs acquires digital asset custody provider Metaco for US$250 mln
San Francisco-based Ripple Labs, a technology and financial services firm built around the XRP cryptocurrency, said it will acquire Metaco, a Swiss-based tokenization and digital asset custody provider, for US$250 million.
Bitcoin slips below US$27,000, XRP leads gains in top 10 cryptos
Bitcoin prices dropped below US$27,000 on Wednesday afternoon in Asia, while XRP gained the most after positive news for Ripple Labs on its lawsuit against U.S. Securities and Exchange Commission.
Web3 needs to engage with local communities. Its future depends on it
Web3’s terrible user experience, scams and lack of diversity could be solved if its leaders take a cue from environmentalists and ‘act locally,’ writes Tim Williamson of NieuxCo.
XRP gains as SEC motion denied; NFT index down; US investors anticipate debt ceiling deal
Bitcoin prices fell on Wednesday morning in Asia but remained above the US$27,000 line. Ether gained but still posted a weekly drop. XRP led gainers among other top 10 non-stablecoin cryptocurrencies.
Bitcoin history shows first financial transaction was almost an NFT
Internet sleuths unearth the first financial transaction on Bitcoin, showcasing the potential of NFTs.
Bitcoin, Ether fall, Solana leads declines; U.S. stock futures trade flat; Asian equities mixed
Bitcoin fell 0.58% while Ether dropped 0.36%. Solana was the biggest loser of the day, dropping 1.67%.
Crypto and NFT Market Update – May 16th
Welcome to The Daily Forkast, May 16, 2023, presented by Megha Chaddah for the latest in the crypto markets. Bitcoin and other cryptocurrencies return to sideways trading apart from Litecoin, which has continued its bull run in the last 24 hours. In the NFT markets, a Bored Ape Yacht Club NFT sold for US$1 million […]
How DeFi can keep out bad apples while upholding crypto’s core ideals
Crypto users need not fear the increasing KYC/AML requirements around the world and loss of privacy, writes Kurt Hemecker of the Mina Foundation. Here’s why.
Bitcoin, Ether gains; Litecoin continues bull run; optimism a solution to US debt crisis can be reached
Bitcoin prices rose along with Ether, while Litecoin continues to lead gainers among other top 10 non-stablecoin cryptocurrencies.
Bitcoin, Ether push higher, Litecoin biggest gainer in top 10 cryptos; U.S. stock futures, Asian equities gain
Bitcoin rose 2.07% to US$27,409 in 24 hours while Ether gained 1.27% to US$1,829. Litecoin was the biggest gainer of the day, rising 7.65%.
Crypto and NFT Market Update – May 15th
Welcome to The Daily Forkast, May 9, 2023, presented by Jeff Cheung for the latest in the crypto markets. Bitcoin and Ethereum prices are on the up to start the week off, and Litecoin has skyrocketed in the last 24 hours. The NFT markets are also starting the week off positively, with the Polygon NFT […]
Bitcoin, Ether edge higher; Litecoin leads gainers; investors weigh impact of US debt crisis
Bitcoin prices rose on Monday morning in Asia to above US$27,000. Ether managed to rise above the US$1,800 support level as Litecoin leads gainers.
It’s a fight for the future of money in the US, says Christopher Giancarlo
The U.S. is resisting digitization of the dollar due to it being a threat to the country’s dominance over traditional financial system, said Christopher Giancarlo, former chair of the Commodity Futures Trading Commission (CFTC) and author of “Crypto Dad: Fight for the Future of Money.”
Elon Musk’s NFT rocket launch. What has he done to Milady?
NFTs were ready for takeoff this week and Elon Musk’s tweet blasted it off.
Weekly Market Wrap: Bitcoin dips to US$26,166 as memecoins flood the blockchain
Bitcoin briefly fell to US$26,166 this week, as BRC-20 memecoins flooded the blockchain, raising network congestion issues. Market analysts told Forkast that a weekly close under US$26,111 signals more bearish momentum
Bitcoin, Ether fall along with most top 10 cryptos; U.S. futures rise ahead of debt ceiling negotiations
Bitcoin and Ether fell during Friday afternoon trading in Asia, along with most of the top 10 non-stablecoin cryptocurrencies by market capitalization, apart from the XRP token.
Bitcoin, Ether fall to month lows; Polygon leads losers; U.S. equity futures up as inflation cools
Bitcoin prices slid under US$27,000 on Friday morning in Asia. Ether fell below support at US$1,800 as all top 10 non-stablecoin tokens retreated.
Bitcoin network buckles under weight of BRC-20’s runaway success
Top blockchain and crypto news: Memecoin fever strains BTC network. Binance slams brakes on Bitcoin withdrawals. Chinese court allows crypto for repaying debt.
Bitcoin, Ether fall along with most cryptos; U.S. futures strengthen as inflation in April slowed
Bitcoin and Ether fell during Thursday afternoon trading in Asia, along with most of the top 10 non-stablecoin cryptocurrencies by market capitalization, with Polygon’s Matic leading losses for a second consecutive session.
Bitcoin drops on liquidity concerns, Ether dips; Polkadot leads winners; U.S. equity futures gain
Bitcoin fell on Thursday morning in Asia to trade around the US$27,500 mark. Ether led the losers in the top 10 non-stablecoin cryptocurrencies.
Bitcoin busts through US$28,000 as U.S. inflation falls to 4.9%
Bitcoin and major cryptocurrencies reacted positively to the latest CPI report that stated annual inflation in the U.S. rose 4.9% in April, beating market expectations.
Ernst & Young launches blockchain to track carbon credits and emissions
EY OpsChain ESG enables companies to better understand their carbon footprint by tracking carbon credits through tokenization.
Bitcoin, Ether prices fall; Asian equities, U.S. stock futures drop ahead of key inflation data
Bitcoin lost 0.43% while Ether dipped 0.60% in 24 hours. Polygon’s Matic token was the biggest loser and dropped 2.16%.
Bitcoin, Ether edge up; Litecoin leads winners, Matic the losers; U.S. equity futures flat
Bitcoin edged higher on Wednesday morning in Asia to hold above the US$27,500 mark. Ether also gained. Other top 10 non-stablecoin tokens traded mixed.
Gamers stand to win big with NFTs, they just don’t know it yet
NFTs are changing in-game item ownership and value, yet the gaming industry remains skeptical. With microtransactions set to exceed $76 billion this year, it’s time for gamers to understand the benefits of NFT technology.
Bitcoin, Ether fall; Polygon, Solana lead losers; Asian equities, U.S. stock futures drop
Bitcoin dropped 1.25% and Ether fell 0.25% in Tuesday afternoon trade in Asia. All other top 10 non-stablecoin cryptocurrencies also dropped.
Crypto and NFT Market Update – May 9th
Welcome to The Daily Forkast – May 9, 2023 – presented by Jeff Cheung for the latest in the crypto markets. Bittrex U.S. has filed for bankruptcy after the Securities and Exchange Commission accused it of operating an unlicensed exchange a few weeks ago. Bitcoin and Ethereum, have continued to drop in prices as a […]
Bitcoin falls below US$28,000, Ether declines, Litecoin slips further, US equity futures stall
Bitcoin fell below US$28,000 on Tuesday morning in Asia as memecoin hype clogged the network and drove up transaction fees. Ether and all other top 10 non-stablecoin tokens dropped.
Why DAOs and collective collaboration are key for Web3 to realize its potential
Free of the hierarchies and power dynamics in traditional companies, DAOs can allow Web3 organizations to do better, writes Arjun Kalsy of Mantle.
Bitcoin, Ether drop; Polkadot, XRP biggest losers; Asian equities gain
Bitcoin, Ether fell in Monday afternoon trade in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Polkadot and XRP led the losers in that list.
Crypto and NFT Market Update – May 8th
Welcome to The Daily Forkast, May 8, 2023, presented by Jeff Cheung for the latest in the crypto markets. Binance halted Bitcoin withdrawals twice today as a result of an influx of pending transactions and sky-rocketing fees. The Ethereum Foundation sold US$30 million worth of Ethereum to Kraken as well, leading to slight dips in […]
Bitcoin, Ether fall; XRP leads losers as top 10 tokens lose steam; US equity futures flat
Bitcoin fell in Monday morning trading in Asia after failing to breach the US$30,000 ceiling over the weekend. Ether dropped below the US$1,900 mark.
Largest banks should fill crypto void after lender failures, says Standard Chartered’s Geoff Kendrick
In the final installment of a three-part interview series, Geoff Kendrick, head of crypto research at Standard Chartered Bank, outlines the lender’s approach to crypto and why he thinks exploration of blockchain use cases is just beginning.
Central bank digital assets can legitimize risk in the crypto space, says Standard Chartered’s Geoff Kendrick
In the second installment of a three-part interview series, Geoff Kendrick, head of crypto research and EM FX West at Standard Chartered Bank, talks altcoins, stablecoins and the legitimization of crypto risk through central bank digital assets.
A tidal wave of wash sales makes up most NFT volume
CryptoSlam introduces new wash trade metrics to help traders and professionals uncover the truth behind NFT sales volumes across major blockchains.
Weekly Market Wrap: Bitcoin rises above US$29,000, Ether recaptures US$1,900
Bitcoin inched above US$29,000 on Friday, as concerns over the health of the banking system have been reignited. Industry experts tell Forkast that banking troubles could fuel Bitcoin values, which face significant resistance above US$29,500.
Bitcoin rises, Solana leads losses across top 10 cryptos, U.S. dollar slides amid banking sector concerns
Bitcoin rose while Ether fell in Thursday afternoon trade in Asia, with declines across most of the other top 10 non-stablecoin cryptocurrencies by market capitalization. Solana’s SOL token was the biggest loser of the day.
Bitcoin, Ether dip following Europe’s rate hikes; US equity futures edge up despite banking woes
Bitcoin dipped below US$29,000 in Friday morning trading in Asia as rate hikes in Europe sent uncertainty to investors. Ether fell below US$1,900.
What JPMorgan’s First Republic takeover means for the crypto industry
Top blockchain and crypto news: JPMorgan swoops as another bank falls. NFT market rivalry heats up. Bitget seeks Hong Kong exchange license.
Bitcoin, Ether rise; ADA is day’s biggest gainer; investors await European Central Bank’s interest rate decision
Bitcoin and Ether rose in Thursday afternoon trade in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Cardano’s ADA token saw the day’s biggest gains.
Bitcoin, Ether gain most among top 10 cryptos; U.S. stock futures mixed ahead of Fed’s rate decision
Bitcoin gained 2.18% in 24 hours while Ether rose 1.67%.
Crypto markets ahead of US Fed decision
Welcome to The Daily Forkast – May 3, 2023 – presented by Megha Chaddah. Crypto markets are holding on to gains despite the sell-off in equities ahead of the US Fed decision. Bitcoin was trading at $28,500 dollars up a solid 2% and Ethereum was up a similar percentage at about $1,860.
Bitcoin, Ether, Litecoin rise, BNB stumbles; US equity futures flat ahead of Fed interest rate decision
Bitcoin and Ether gained ground in Wednesday morning trading in Asia, with most other top 10 tokens mixed. Litecoin gained, BNB was the biggest loser.
Bitcoin inscriptions: Are Ordinals a boon or a drag on the network?
Now that the Bitcoin Ordinals genie is out of the bottle, a debate is raging about whether they’re good for the original blockchain and their long-term consequences.
Bitcoin, Ether drop; BNB, Polkadot biggest losers in top 10 cryptos; U.S. stock futures weaken
Bitcoin dropped 2.09% in Tuesday afternoon trade in Asia while Ether lost 0.81%. BNB fell 2.93% and Polkadot declined 2.66%.
Bitcoin, Ether lose ground; Polkadot leads losers among top 10; U.S. equity futures slip
Bitcoin dipped to US$28,000 in Tuesday morning trading in Asia and then fell through that support line later in the morning. Ether and other top 10 cryptocurrencies also fell.
Why layer 3 is critical to innovation and blockchain’s future
How would layer 3 improve upon what layer-2 protocols do, and what barriers does this emerging technology still need to overcome? Tony Cheng of Foresight Ventures explains.
Mad Lads tops weekly NFT sales in first week since launch
Mad Lads has been the best selling NFT collection in the world since its launch that was delayed last week due to a DDOS attack.
Weekly Market Wrap: Bitcoin flirts with US$30,000, Ether regains US$1,900
Bitcoin rebounded from US$27,000 multiple times this week. Uncertainty over U.S. regulation and geopolitical tensions may continue weighing on the crypto market, industry experts told Forkast.
Bitcoin, Ether rise amid renewed recession fears after weaker-than-expected U.S. GDP
Bitcoin and Ether rose during Asian trading hours on Friday, while the top 10 non-stablecoin cryptocurrencies by market capitalization closed mixed. The SOL token saw the biggest gain. Asian equity markets strengthened after the Chinese central bank boosted short-term cash injections for the 11th day.
Bitcoin gains after week of bank turbulence, Ether dips, U.S. equity futures lose steam
Bitcoin rose on Friday morning in Asia amid worries about U.S. banks and a possible recession. Ether edged lower. along with most other top 10 tokens.
What the US stands to lose if it keeps heaping scorn on crypto
The current US approach to regulating crypto flies against its history of supporting tech innovation and undermines its own national interest, writes Hamilton Keats of Krayon Digital.
Polygon developers get access to Google Cloud’s node service
Google Cloud has announced that its node hosting service, the Blockchain Node Engine, will be available for developers on the Polygon blockchain.
Coinbase sues SEC in bid for clarity on crypto rules
Top blockchain and crypto news: Coinbase in court to force SEC’s hand. PEPE surge lifts memecoin mood. China paves CBDC path with payroll.
Bitcoin, Ether inch up; equities strengthen after phone call between China’s Xi Jinping, Ukraine’s Zelensky
Bitcoin and Ether rose during Asian trading hours on Thursday, while most top 10 non-stablecoin cryptocurrencies by market capitalization declined. Cardano’s ADA token saw the biggest gain.
Investment giant Franklin Templeton connects US$270 million fund to Polygon network
Franklin Templeton said Wednesday that its OnChain U.S. Government Money Fund is now supported on the Polygon network.
Mad Lads briefly boosts Tensor’s NFT trading volume past Magic Eden
Tensor topped Magic Eden’s sales volume on Wednesday afternoon in Hong Kong, giving it a brief stint as Solana’s top NFT marketplace.
Bitcoin bounces back to US$28,000, Ether gains; U.S. equity futures up on tech earnings
Bitcoin rose in Wednesday morning trading in Asia to reclaim the US$28,000 mark, with Ether and all other top 10 non-stablecoin cryptocurrencies moving higher.
NFTs: Bear Market or Burst Bubble?
The culture of collecting unique digital assets may be here to stay, but data suggests that NFT prices may continue to fall.
Bitcoin, all top 10 cryptos fall; Asian equity markets drop on rising Covid fears
Bitcoin fell in Tuesday afternoon trade in Asia, along with all other top 10 non-stablecoin cryptocurrencies. Polygon was the biggest loser followed by Solana.
Coinbase ups the ante with SEC, asking court to require crypto clarity from regulator
Coinbase sued the U.S. SEC on Monday, asking that a court require the regulator to publicly respond to the Coinbase July 2022 petition asking for clearer crypto regulation guidelines.
Bitcoin loses ground, Ether dips even as inflows rise; Litecoin edges up, with halving cited
Bitcoin fell below US$27,500 support on Tuesday morning in Asia. Ether and most other top 10 tokens traded lower amid a broader correction.
Memecoin PEPE falls 18% at start of trading week
PEPE, a memecoin launched on April 14, fell 18.81% to US$0.0000002626 in the 24 hours to 7 p.m. on Monday in Hong Kong. The coin is still up over 392% on the weekly chart and has a market capitalization of US$116 million, according to DEXTools.
Bitcoin extends drop, stays below US$28,000; Solana, Polygon leads losers in top 10 cryptos
Bitcoin extended losses in Monday afternoon trade in Asia, along with all top 10 non-stablecoin cryptocurrencies by market capitalization, with Solana and Polygon as the biggest losers.
Cryptocurrencies trade lower as weekly losses pile up
Welcome to The Daily Forkast – April 24, 2023 – presented by Jeff Cheung. It’s been a bad weekend for the major cryptocurrencies, with most of them trading in the red over the last seven days. Bitcoin lost its footing with the US$30,000 mark and Ethereum lost all of its gains from the Shapella upgrade.
Bitcoin, Ether gain, but hold losses for the week; U.S. equity futures lose ground
Bitcoin rose on Monday morning in Asia but was boxed in below US$28,000. Ether and most other top 10 tokens gained, but not by enough to erase losses for the past week.
Uncertainty in crypto cycles from Memecoins & NFTs
A new memecoin craze is raising Ethereum transaction fees, but it’s also bringing new liquidity in for non-fungible tokens.
Weekly Market Wrap: Can Bitcoin float above US$27,500 after sinking below US$30,000?
Bitcoin fell to US$28,000 in the same week the European Parliament passed its landmark crypto framework. Industry analysts told Forkast that holding US$27,500 will be crucial for Bitcoin in order to spark an upward momentum.
Bitcoin, Ether decline; equities fall amid U.S.-China tension
Bitcoin and Ether fell by the end of Asian trading hours on Friday afternoon, together with all top 10 non-stablecoin cryptocurrencies by market capitalization apart from the BNB token. Asian equities declined along with U.S. futures, amid mounting political pressure between China and the U.S. Fast facts See related article: EU green lights MICA but […]
Bitcoin falls to near US$28,000, Ether flat, U.S. equities slide on rate hike worries
Bitcoin fell to near US$28,000 on Friday morning in Asia, with Ether trading flat and most other top 10 non-stablecoin tokens losing steam.
Bittrex in SEC’s crosshairs as compliance lawsuits keep coming
Top blockchain and crypto news: Bittrex in SEC line of fire. Bored Apes fall after whale sale. Chinese banks court crypto clients.
Bitcoin, other cryptos fall as investors book profit
Welcome to The Daily Forkast – April 20, 2023 – presented by Megha Chaddah. Bitcoin is down more than 5% Thursday morning in Asia. Ethereum also fell to lose hold of the US$2,000 price support in a sell-off across all top 10 non-stablecoin tokens. In the multi-chain economy, the Forkast Labs indexes trade mixed.