Do Kwon, where are you?

Do Kwon – the founder of Terraform Labs, has been issued with a red notice from Interpol. But where on earth is he?

Terraform cofounder Daniel Shin to testify in South Korean parliament

South Korea’s National Assembly intends to get to the bottom of the Terra-LUNA debacle in its next audit in October along with several other issues surrounding the local crypto industry.

Tokenize plans acquisitions, fund raising to build exchange network

As the crypto slump drives job cuts and worse, some exchanges are seeing opportunity for expansion in the downturn, call it the fortune-favors-the-brave mantra.

SBF wanted to join Elon Musk Twitter deal, private text messages show

Sam Bankman-Fried, the American crypto entrepreneur, billionaire and investor, considered joining Musk’s bid to buy social media giant Twitter, leaked private messages reveal.

The US Dollar vs Crypto

The “dollar milkshake theory” suggests that the US Dollar would suck up liquidity from other currencies worldwide – but what does it mean for crypto?

Cryptocurrency crowd shrugs off market woes at upbeat TOKEN2049 conference

In the first of a two-part report on this year’s cryptocurrency gathering in Singapore, defiance outshone defeatism despite industry’s struggles.

South Korea’s investigation of Do Kwon ‘unfair’: Terraform Labs

Terraform Labs Pte. Ltd., the firm behind the collapse of the Terra-LUNA stablecoin project said South Korean prosecutors’ measures in pursuing its chief executive officer Do Kwon violate his basic rights under Korean law.

Are stablecoins like Tether ready for regulatory scrutiny?

The Terra UST disaster is spurring regulators to converge on global stablecoin standards, writes Michael Shing of XREX. But major issuers still fall short.

Are DAOs above the rules?

Ooki DAO – you’ve probably never heard of it, but it could become one of the most important decentralized autonomous organizations – because of the rules it’s accused of breaking.

Australia gears up for state-backed digital currency trials

Top blockchain and crypto news: Digital dollar didgeridoos. Bitcoin softens as sterling sinks. ‘World’s dumbest’ crypto criminals nabbed in China.

Cryptocurrencies much more than trading tools, says Caselin at AAX exchange 

Who will regulate the regulators is a time-honored question and one Bitcoin enthusiasts raise when talking about the benefits of the token’s fixed supply versus the tendency of central banks to switch the money spigots off and on.

Do Kwon denies cashout allegations

The man behind Terra-LUNA contradicts the basis of the new action South Korean authorities took to corner and locate him.

Banking in the Metaverse

Where does money fit into the future of the internet? We take a closer look as DBS plans to buy land in the metaverse.

Crypto community pushes back following CFTC charges against Ooki DAO

The Commodity Futures Trading Commission faces criticism from cryptocurrency industry as opposition grows over “unprecedented” charges against the Ooki DAO.

China busts ‘world’s dumbest thieves’ in digital yuan money laundering case

Chinese authorities can track e-CNY wallet transaction history, if warranted, thanks to its ‘managed anonymity’ design.

Is crypto in a deep funk? Think again

Beyond the bear market, Web3 technology is shining bright in gaming and music, writes Hannes Graah of Gro. Are we at a tipping point for mass adoption?

South Korea’s industrial city to reinvent itself in the metaverse

Changwon is the latest addition to South Korea’s growing list of cities seeking a presence in the metaverse, signaling the country’s adoption of Web3.

Blockchain’s alternative?

There are alternatives to just blockchain in the world of distributed ledger technologies – but what are they?

Is the Philippines on track to becoming a blockchain hub?

The Philippines now ranks 2nd in the world for crypto adoption, but its path ahead is unclear, writes Emman Navalan. What are the hurdles it must overcome?

Interpol issues red notice for Do Kwon, says South Korean prosecutor

South Korea is pursuing different options to get custody of Do Kwon as the Terraform Labs CEO faces charges for his alleged involvement in the multibillion collapse of the Terra-LUNA stablecoin project.

South Korea’s Busan city wants to be blockchain central. Did everyone get the memo?

The coastal city was a prominent manufacturer of footwear, fabric and other light industries during the 1970s and 80s, and then grew into one of the world’s biggest container ports. Now it’s trying to reinvent itself in the digital world of blockchain.

Capital gains: How Web3 property rights can transform the digital economy

Digital ownership enabled by Web3 tech can challenge the monopolistic dynamics of Web2 and give people real equity, says Animoca Brands chief Yat Siu

Cross-chain bridge Wormhole, oracle Pyth deployed on Aptos

DeFi infrastructures powered by Jump Crypto will support blockchain Aptos and have been deployed on its development net.

World Economic Forum launches coalition to use web3, blockchain for positive climate action

The World Economic Forum is launching a new Crypto Sustainability Coalition, consisting of 30 partners within the intersection of sustainable development and web3, crypto, and blockchain technologies, the international non-government organization (NGO) announced in a Webinar on Wednesday in New York, U.S.

FastForkast headlines

Instagram, Facebook users in 100 countries can crosspost NFTs: Meta

Binance sets up shop in New Zealand in global push

Markets: Bitcoin, Ether rise; XRP surges following court ruling vs. SEC; gains across top 10 crypto

Europe cancels AML amendment that would have forced identity verification for non-custodial wallets: report

XRP price surges after U.S. court rejects SEC objection in Ripple lawsuit

Binance launches ETHW mining pool, ETHW price surges

India financial crime unit cites ‘Chinese-controlled entities’ in alleged crypto fraud

ENS address registrations in September notch an all-time monthly high

Crypto wallet Metamask unveils all-in-one digital asset portfolio dApp

Busan taps K-pop metaverse to win 2030 World Expo bid

Markets: XRP jumps amid court ruling against SEC, Bitcoin gains, Ether sole loser in crypto top 10

SWIFT, Chainlink announce cross-chain interoperability partnership

Markets: Bitcoin price remains above $19,000; BNB, XRP lead gains across top 10 crypto

SEC charges Hydrogen Technology for selling unregistered securities 

Bitcoin mining difficulty drops 2% after reaching all-time high in last adjustment

Hong Kong seeks suitable use case to sell public on retail CBDC: report

Bitcoin ‘might double in price’ under CFTC regulation, its chairman says

Sweden’s central bank to test use of retail CBDC for instant payments

Markets: Bitcoin, Ether rise; BNB leads gainers in top 10 crypto, followed by Solana

USDC coming to five additional blockchain ecosystems

Kevin O’Leary to launch Web3 fund with backing from UAE; pushes back on Jamie Dimon

India ED freezes US$1.57 mln in crypto allegedly laundered through WazirX, Binance

Markets: XRP biggest loser in top 10, Bitcoin slips under US$19,000, Ether slumps

Binance law enforcement training program to seek out ‘bad actors’

Russia said to consider digital ruble settlements with China

Bitdeer leads US$250 mln fund to acquire assets from distressed miners: report

Alex Mashinsky steps down as Celsius CEO

Christie’s launches curated art Ethereum NFT marketplace

Markets: Bitcoin price back under US$20,000, Ether little changed, XRP falls, Uniswap gains

Japan plans new crypto transfer rules to combat money laundering

BIS mBridge cross-border CBDC project concludes pilot, advisor says

FTX to acquire assets of bankrupt Voyager Digital with US$1.422 billion bid

Markets: Bitcoin price rises above US$20,000, XRP rebounds, Ether rallies

SEC fines Tether’s former auditor US$1 mln over accounting malpractice

Upbit exchange to use LUNC fees to set up crypto monitoring center

Polkadot eyes increasing transaction speed by 100 to 1,000 times

Terra Classic surges 50% as Binance offers token burning mechanism

South Korea’s crypto market capitalization drops 58%; user numbers rise

Markets: Bitcoin price back above US$19,000; Ether, Polkadot gain; XRP leads losers

China says it busted US$5.6B crypto money laundering ring

Markets: XRP reverses gains, Bitcoin stuck under US$19,000, Ether trades lower

RBA opens submissions for 2023 CBDC pilot

Chinese university sets up metaverse major, names department after metaverse

Markets: Bitcoin price falls below US$19,000, ETH down, XRP continues to rise

Helium bound for Solana as community favors proposal

Markets: XRP soars 23%, Bitcoin holds above US$19,000, Ether gains

DBS offers self-directed trading for accredited investors

Dunamu looks to K-pop group BTS NFTs to beat ‘Crypto Winter’