The Mooch is back, and batting for crypto!
Anthony Scaramucci, founder of investment firm SkyBridge Capital and former White House communications director, says governments such as those in China and the US will inevitably allow for people to own and trade cryptocurrencies.
Ethereum’s year-end price outlook lowered
A panel of 36 industry experts revised down the year-end price target set for the world’s second-largest cryptocurrency by more than 11%, according to a report by Finder, an Australian fintech. See related article: Ethereum price expected to hit $7,609 in 2022: report Fast facts Ethereum’s price is expected to rise to US$5,783 by the […]
S.Korea finance minister nominee wants to delay crypto tax for two years
Choo Kyung-ho, the yet-to-be-confirmed nominee for deputy prime minister and finance minister, said Monday a planned 20% tax on capital gains from digital asset investments and stock market investment should be pushed back until January 2025. See related article: South Korea’s 20% tax on virtual asset gains is postponed Fast facts During a National Assembly […]
Hockenheimring racetrack joins Animoca Brands’ REVV ecosystem
Blockchain unicorn Animoca Brands said it has signed a licensing deal to include the Hockenheimring Baden-Württemberg racetrack in its REVV Motorsport ecosystem of play-to-earn racing games. See related article: Need for Speed gets Hong Kong’s Animoca in driver’s seat Fast facts Animoca Brands will mint and sell non-fungible tokens (NFTs) that represent partial ownership of […]
Solana struggles under US$90 while NFT sales surge higher
Following a network outage over the weekend, Solana continued to trade below US$90 at 12 p.m. HKT on Tuesday, although Solana’s non-fungible token (NFT) secondary sales rebounded sharply, rising more than 95% in the past 24 hours. See related article: Solana loses consensus after bots flood network, SOL takes hit Fast facts Solana was trading […]
Square Enix sells Tomb Raider and other titles, raising cash for blockchain ventures
Japanese gaming giant Square Enix announced Monday that it is selling three of its gaming studios to Sweden-based Embracer Group for US$300 million and will use the funds for new businesses in blockchain technology, artificial intelligence and the cloud. See related article: Japan’s Square Enix reveals blockchain gaming ambitions for 2022 Fast facts Square Enix […]
Indian crypto exchanges ordered to record customer data for five years
The Indian Ministry of Electronics and IT has issued a new directive that requires cryptocurrency exchanges to collect and preserve a wide range of client data for five years, 60 days after the date of issuance on April 28. See related article: Indians see future in crypto, government sees revenue, FM says Fast facts “During […]
How NFTs can allow everyone to benefit from robots and automation
What are ‘machine NFTs’ and how could they help democratize the ownership of capital in a future ‘machine economy’? Max Thake of peaq explains.
Bitcoin lobbyists rebut ‘misconceptions’ over environmental impact
Signed by MicroStrategy’s Michael Saylor, Castle Island Ventures’ Nic Carter and Block’s Jack Dorsey, the Bitcoin Mining Council’s (BMC) letter to the Environmental Protection Agency (EPA) sought to respond to legislators’ “serious concerns.” See related article: Almost 60% of Bitcoin mining now on sustainable energy: BMC Fast facts BMC’s letter was written in response to […]
Algorand becomes 2022 Qatar World Cup’s new blockchain partner
The Algorand network has signed a deal to become the official blockchain technology partner of the 2022 FIFA World Cup in Qatar, and the 2023 Women’s World Cup in Australia and New Zealand. See related article: What is Algorand and why is it a blockchain to watch? Fast facts Algorand will assist FIFA in developing […]
The problems with retail crypto trading — and how to solve them
Young investors demand more accessibility, transparency and accountability than traders of yore, writes Joe Jowett of StrikeX. What are the solutions?
Canada’s 3iQ could be first to launch Australian crypto ETF
Last-minute delays to three Australian cryptocurrency exchange-traded funds (ETFs) could allow Toronto-based 3iQ Digital Asset Management to launch the first of such products in the country, the Australian Financial Review reported. See related article: Launch of three crypto ETFs in Australia delayed Fast facts The Canadian firm lodged disclosure documents with the Australian Securities and […]
Shiba Inu explained — diving beyond the memecoin
Following a year of explosive price gains, the SHIB token is inching closer toward becoming a top 10 cryptocurrency. Will this so-called “Dogecoin killer” succeed? Forkast.News explores what’s in store for Shiba Inu.
BTC Markets partners with Australian Fashion Week for couture NFT
Australian crypto exchange BTC Markets Pty Ltd has partnered with the 2022 Australian Fashion Week (AFW) in launching a couture dress as a non-fungible token (NFT) in collaboration with local designer Daniel Avakian. See related articles: How high fashion is waking up to blockchain’s possibilities Fast facts The dress will be displayed physically during the […]
Wikimedia Foundation to no longer accept crypto donations
The Wikimedia Foundation (WMF), the organization that runs the online encyclopedia Wikipedia, will no longer accept donations in the form of cryptocurrency, the foundation announced Sunday. See related article: Ukraine crypto donations top $36M amid Russian invasion Fast facts The decision follows a vote concluded on April 12 where over 70% of the community voted […]
Solana loses consensus after bots flood network, SOL takes hit
Solana suffered another outage on Sunday Asia time, after the network lost consensus due to bots flooding the non-fungible token (NFT) minting tool “Candy Machine,” spamming more than six million transactions per second. See related article: Solana DeFi avoids meltdown as Wormhole loss replaced Fast facts The network was down for about seven hours before […]
Yuga Labs Otherside NFTs top US$285 mln; over US$175 mln in ETH gas guzzled
Yuga Labs’ long-awaited metaverse project Otherside debuted on Saturday in a non-fungible token (NFT) land sale to generate US$285 million but also clogged the Ethereum network to cost investors millions in gas fees. See relates article: Bored Apes creator to launch new metaverse ‘Otherside’ Fast facts Traders snapped up a limited supply of 55,000 “Otherdeeds” […]
From in-print to online to on-chain: How will Web 3.0 reshape news media?
There’s never a dull moment in the news business. Now, as media outlets explore blockchain, the Associated Press’s Dwayne Desaulniers says more change is coming.
Another crypto firm leaves Singapore; South Korean secrets sold for crypto
Another crypto exchanges moves out of Singapore into Dubai. Meanwhile, two South Koreans have been charged for treason.
Perpetrator of South Korea’s ‘Bitcoin-gate’ untraceable
A loophole in South Korea’s recent ‘Travel Rule’ means the North Korean hacker behind the stunning espionage saga involving Bitcoin may evade authorities, Forkast learns.
John Legend’s OurSong raises US$7.5 mln to fuel music NFTs
Our Happy Company, cofounded by musician John Legend, has raised US$7.5 million in its seed round, as the company looks to expand its music non-fungible token (NFT) platform OurSong. Watch explainer: What does Music have to do with NFTs? Fast facts The financing round was led by Infinity Ventures Crypto and Animoca Brands, the company […]
Ethereum’s revenue falls by 44% as average gas fee drops 88% on quarter: Q1 report
Ethereum’s network revenue from gas fees totaled US$2.4 billion in the first quarter of 2022, down 44% from US$4.34 billion in Q4 2021, while 87% of the revenue, or around US$2.1 billion worth of ETH tokens, were burned, according to Bankless’ Q1 report of the blockchain. See related article: Amount of Ether burnt since EIP […]
Samsung Asset to list blockchain ETF in Hong Kong: report
South Korean asset manager Samsung Asset Management is reportedly set to list a blockchain exchange-traded fund (ETF) on the Hong Kong stock exchange (HKEX), local media reported on Thursday. See related article: South Korea’s largest financial group mulls crypto ETFs Fast facts The ETF set to list in Hong Kong will have the identical structure […]
Chinese streaming service Bilibili debuts NFTs for foreign buyers
Bilibili, a video streaming platform popular with China’s Generation Z, Thursday announced a batch of Ethereum-based non-fungible tokens (NFTs) for sale overseas. See related article: Resist the temptation on NFTs, Chinese state-backed developer says Fast facts Bilibili said the NFTs will be a series of auto-generated characters with different features such as faces, clothes, skin […]
Flipkart launches innovation lab to explore future of e-commerce
Flipkart, the Indian e-commerce marketplace, plans to explore Web 3.0 and metaverse use cases including non-fungible-tokens, virtual storefronts, play-to-earn and other blockchain technologies under its new initiative, Flipkart Labs, the company said. See related article: Chinese e-commerce giant JD.com offers NFTs despite state media criticisms Fast facts Flipkart Labs, based in Bengaluru, will also serve […]
Three Arrows Capital to ditch Singapore for Dubai
Three Arrows Capital, a cryptocurrency trading and hedge fund manager, is moving its headquarters to Dubai from Singapore, becoming the latest among a growing number of firms looking to expand their presence in the Middle East. See related article: Dubai could be crypto’s promised land, Citi says Fast facts Su Zhu, cofounder of Three Arrows […]
Goldman Sachs offers first Bitcoin-backed loan
Goldman Sachs Group Inc. offered its first Bitcoin-backed loan, setting another milestone in Wall Street’s cryptocurrency adoption, Bloomberg reported on Friday. See related article: Crypto milestone on Wall St.: Goldman Sachs makes OTC Bitcoin trade Fast facts The cash loan’s Bitcoin collateral was owned by the borrower, according to the Bloomberg report. The banking giant […]
ApeCoin cracks US$26, now largest metaverse token ahead of Otherside
ApeCoin (APE) set a new high at US$26.70 on Friday morning Asia time, and is now the largest metaverse token by market cap, ahead of the launch of the Otherside on Saturday. See related article: What is ApeCoin and How It Made The Bored Apes Richer Fast facts The APE ecosystem’s governance token was trading […]
Singapore’s responsible crypto aim; Okay Bears storm the charts
Singapore says it wants to be a “responsible crypto hub”. Meanwhile, the Okay Bears lift Solana’s sales figures.
South Korean crypto CEO, soldier, sold military secrets to North Korea for Bitcoin
The Seoul Central District Prosecutor’s Office has indicted a local executive from a cryptocurrency investment firm and an active-duty military officer for violating the National Security Act by leaking military secrets to a North Korean hacker in exchange for Bitcoin and other cryptocurrencies, according to the prosecutor’s investigation report shared with Forkast. See related article: […]
Singapore wants to bring some adult supervision to crypto
The city-state wants to position itself as a hub for cryptocurrency service providers while holding onto its reputation as an important cog in the global AML, ATF compliance machinery.
Crypto regulation has to ‘take its time’: India FM Nirmala Sitharaman
Regulating crypto will take time to ensure the government takes a considered approach, Indian finance minister Nirmala Sitharaman said at Stanford University on Wednesday. See related article: Indians see future in crypto, government sees revenue, FM says Fast facts “We recognize that there is a lot of potential and already well-grounded progress made in the […]
Tax authorities in China jump onto NFT bandwagon
More state departments in China are embracing NFTs, with tax bureaus in Shanghai and Chengdu releasing tokens based on Tencent’s blockchain. See related article: ‘Voice of April’ NFTs highlight Shanghai’s struggles amid harsh lockdown Fast facts Shanghai will drop 2,000 NFTs themed on its tax office mascot on Friday. Chengdu’s tax office dropped 1,000 NFTs […]
Philippines central bank to trial wholesale CBDC
Bangko Sentral ng Pilipinas (BSP) will launch a wholesale central bank digital currency (CBDC) pilot project, coined CBDCPh, as part of its efforts to promote the stability of the country’s payment system. See related article: Report: Stablecoins, CBDCs may not resolve financial inclusion, international remittance challenges Fast facts The central bank’s pilot will test the […]
Okay Bears NFTs record sellout helps Solana net US$2B in sales
A record sellout of Okay Bears NFTs helped Solana emerge as a viable alternative to Ethereum, the preferred platform for most NFTs.
South Korean police arrest man behind NFT sale of cat-like character CatSle
The Seoul Metropolitan Police Agency’s cyber bureau has arrested a 26-year-old man for allegedly defrauding nine investors of 210 million KRW (US$165,798) over the sale of non-fungible tokens (NFTs) of a cat-like character named CatSle. See related article: S.Korean regulators to strengthen watch over NFTs and the metaverse Fast facts According to the police, the […]
Singapore grants in-principle license to Revolut
The Monetary Authority of Singapore (MAS) has granted in-principle approval to fintech firm Revolut to offer digital payment token (DPT) services under the Payment Services Act, according to media reports. See related article: Caught between a rock and a hard place, Singapore tightens crypto oversight Fast facts Revolut Technologies Singapore Pte. Ltd. (RTS) is already […]
Bitcoin mining difficulty hits new high in latest adjustment
Bitcoin mining difficulty reached yet another all-time high on Wednesday, logging a 5.56% increase from the last adjustment two weeks ago. See related article: Almost 60% of Bitcoin mining now on sustainable energy: BMC Fast facts The mining difficulty level is now at 29.79 trillion at block height 733,824, after it saw a drop of […]
Bitcoin officially legal tender in Central African Republic
The Central African Republic (CAR) became the second country in the world — and the first in Africa — to adopt Bitcoin as legal tender on Wednesday. See related article: What does El Salvador’s new Bitcoin law mean for crypto markets? Fast facts President Faustin-Archange Touadera on Wednesday approved the bill regulating cryptocurrencies, which passed […]
Two charged over North Korea sanctions; Crypto market falls
U.S. Justice Department charges two Europeans for aiding North Korea. Meanwhile, Shanghai’s Covid lockdown popularizes blockchain.
What is ApeCoin and How It Made The Bored Apes Richer
Bored Ape Yacht Club owners rejoiced, as ApeCoin launched with a generous airdrop for the NFT collection’s holders. Learn what ApeCoin is and how it made the Bored Apes richer in this Forkast explainer.
Is Elon Musk’s Twitter grab good for crypto?
Top blockchain and crypto news: Tweet dreams come true for world’s richest man. Instagram scam hits Bored Apes. Bilibili tests China’s NFT boundaries.
Hong Kong flirts with e-HKD as it talks of marriage with e-CNY
The city’s de facto central bank Wednesday sought public consultations on the e-HKD, as the Hong Kong Monetary Authority (HKMA) chief expressed concerns on a retail digital Hong Kong dollar intensifying competition in the retail payments space. See related article: Hong Kong to press ahead with digital dollar, e-CNY plans Fast facts See related article: […]
More than US$500 mln of crypto longs liquidated so far this week
At least US$516 million worth of long positions in cryptocurrencies have been liquidated this week, according to data from Coinglass. See related article: Bitcoin long positions worth $1.5 billion liquidated amid crypto crash Fast facts The crypto liquidation comes as the Nasdaq closed at its lowest since late 2020. Bitcoin accounted for more than US$142 […]
Elon Musk is buying Twitter to colonize our headspace and send his pet DOGE to the moon
Elon Musk’s Twitter takeover isn’t really about free speech, writes Ben Armstrong, aka BitBoy Crypto. It’s an attempt to push you out of Bitcoin and sell your data.
‘Voice of April’ NFTs highlight Shanghai’s struggles amid harsh lockdown
As many as 600 NFTs featuring a montage of audio calls and complaints made by Shanghai residents as they interacted with medical staff and neighborhood compound managers have appeared on OpenSea.
China expands digital yuan trial to cover tax, social security, toll gates
China has broadened the range of public services and the number of cities included in its digital yuan pilot project underway in the provinces of Zhejiang and Fujian. See related article: Chinese state media calls for wider e-CNY adoption Fast facts See related article: Hangzhou races to showcase digital yuan at Asian Games
New York State Assembly votes to pause crypto mining
The New York State Assembly said it passed a cryptocurrency mining moratorium bill on Tuesday, blocking new permits and expansion for proof-of-work (PoW) mining facilities using carbon-based energy sources. See related article: New York’s Bitcoin mining showdown sets stage for battles elsewhere Fast facts The bill needs approval by the New York State Senate. Existing […]
Kraken gets Abu Dhabi nod to offer full services in MENA
The Abu Dhabi Global Market (ADGM) Monday said it granted a full license to the global cryptocurrency exchange, allowing it to service customers across the Middle East and North Africa region. See related article: Dubai could be crypto’s promised land, Citi says Fast facts The license from the Financial Services Regulatory Authority (FSRA) of ADGM […]
New US$1B crypto fund lands backing from a16z, Solana founders
Former Microsoft strategist Joe McCann’s new crypto fund Asymmetric has gained backing from a16z’s Marc Andreessen and Solana cofounders Anatoly Yakovenko and Raj Gokal, The Block reported. See related article: KuCoin launches $100 mln fund for NFT projects Fast facts Asymmetric is aiming to raise US$1 billion to be split into a venture investment fund […]
Binance launches crypto card for Ukrainian refugees
Binance has partnered with European banking service provider Contis to launch a crypto card for Ukrainian refugees, enabling crypto payments in the European Economic Area for those displaced by the war. See related article: Russians turn to crypto as Western sanctions hit the ruble Fast facts Kirill Khomyakov, Binance’s Ukraine general manager, said the crypto […]
Almost 60% of Bitcoin mining now on sustainable energy: BMC
The Bitcoin Mining Council, a voluntary forum of cryptocurrency mining companies supported by Michael Saylor’s MicroStrategy Inc., said its latest quarterly survey showed the global Bitcoin mining industry is relying more on electricity from sustainable sources. See related article: Can Ethereum’s proof-of-stake transition save the planet? Fast facts The global Bitcoin mining industry had a […]
US charges two Europeans with helping N.Korea evade sanctions with crypto
The U.S. Department of Justice (DOJ) says it has charged Spaniard Alejandro Cao de Benos and U.K. citizen Christopher Emms with allegedly assisting former Ethereum developer Virgil Griffith in presenting the uses of crypto to avoid U.S. sanctions against the Democratic People’s Republic of Korea (DPRK). See related article: Former Ethereum developer Virgil Griffith gets […]
Binance may set up shop in G-7 country in Europe, says founder CZ
The world’s largest crypto exchange may soon establish a regulated entity in a G-7 nation in Europe, Binance founder and CEO Changpeng Zhao said Tuesday at the Financial Times Crypto and Digital Assets Summit. See related article: Binance wants to play ball with regulators Fast facts Zhao said Binance already has a standard corporate structure […]
55,000 Meta Cricket League NFTs sell out in nine minutes
Jump.trade, a gaming non-fungible token (NFT) marketplace by GuardianLink, sold 55,000 Meta Cricket League (MCL) collectibles within nine minutes of launching on Friday, Economic Times reported. See related article: NFTs are leveling up gaming and not all about money Fast facts Priced at $25 each, the Super Loot NFTs marked GuardianLink’s foray into the artificial […]
Fireblocks provides institutional investors access to Terra DeFi
Fireblocks, a digital asset custody platform, says its institutional clients can now access decentralized applications supported by Terra’s decentralized finance (DeFi) ecosystem, the No. 2 protocol behind Ethereum. See related article: Late digitization is Asia’s edge in crypto, says Fireblocks CEO Fast facts Institutional users can now access decentralized applications built on Terra such as […]
Bitcoin, stocks fall as US dollar hits two-year high; Doge concedes top 10
Crypto and stock markets tumbled as the U.S. dollar rallied to its highest point since March 2020 amid concerns of looming interest rate hikes at the U.S. Federal Reserve. See related article: Is Bitcoin really a hedge against inflation? Fast facts The U.S. stock market fell with Nasdaq dropping by 4% on Tuesday over concerns […]
DOGE jumps on Twitter deal; Australian crypto ETFs delay
Dogecoin skyrockets as Elon Musk’s Twitter deal finalizes. Meanwhile, a Korean music platform registers NFTs patent.
Fidelity allows retirement investments in Bitcoin
Fidelity, one of the largest providers of 401(k) retirement plans in the U.S., is allowing participants to invest a piece of their retirement portfolio into Bitcoin, provided the employers allow it. See related article: Nexo and Fidelity Digital Assets expand institutional lending services Fast facts Fidelity introduced a digital assets account to hold Bitcoin, integrating […]
Zombie Zoo Keeper, Pen-Pineapple-Apple-Pen maker team up for PikoZoo NFT
Pikotaro, the Japanese singer-songwriter and creator of the 2016 global sensation Pen-Pineapple-Apple-Pen (PPAP), is teaming up with famed nine-year-old non-fungible token (NFT) artist Zombie Zoo Keeper to create a unique NFT project. See related article: Japan’s messenger app LINE launches NFT marketplace Fast facts The new music video, named “Zombie Zoo to PIKOTARO DESU,” will […]
Launch of three crypto ETFs in Australia delayed
After being on track to beat the US to the launch of a Bitcoin spot ETF, the delay is likely to undermine Australia’s desire to emerge as a top destination for digital assets in the developed world.
Bored Apes Instagram hack nets millions in stolen NFTs
Bored Ape Yacht Club’s (BAYC) official Instagram profile was hacked to promote a fraudulent phishing link to scam millions of dollars worth of non-fungible tokens (NFTs) from victims on Monday. See related article: Why NFT scams are on the rise — and how to stop them Fast facts OpenSea, the largest NFT marketplace, has banned […]
S.Korean music sharing platform to use NFTs for copyright protection
Koong World has been awarded a South Korean patent that utilizes non-fungible tokens (NFTs) and sound source information to enable artists to upload and share their works on its platform without fear of copyright infringement. See related article: What does Music have to do with NFTs? Fast facts The Korean Intellectual Property Office awarded Koong […]
BlockBar and Monkey Shoulder partner for BAYC exclusive NFTs
BlockBar, a luxury liquor brand non-fungible token (NFT) marketplace, has partnered with whiskey distiller Monkey Shoulder on a range of exclusive collectibles for Bored Ape Yacht Club (BAYC) and BlockBar NFT holders. See related article: Hic Hic Hurray! Scottish distillery Ardbeg to release limited-edition whiskey NFTs Fast facts BlockBar will allow 10 BAYC owners to […]
University of the Philippines Twitter account hacked to promote NFT drop
Non-fungible token (NFT) scammers took control of the University of the Philippines’ official Twitter account on Monday evening, posting several tweets promoting a fake airdrop. See related article: Twitter hacker takes over verified accounts to promote fake Azuki NFT drop Fast facts The attackers renamed the Twitter account to “takashi murakami” — the name of […]
Chinese streaming service Bilibili enables NFT transfers
Bilibili, a video streaming platform popular with China’s Generation Z, Monday enabled non-fungible tokens (NFTs) to be transferred between users, becoming the second major Chinese tech firm to allow NFT transfers after Alibaba. See related article: China state-backed paper’s NFTs surge in price on second-hand market Fast facts Bilibili requires a 30-day gap between each […]
Indian farmers’ protest NFTs find no takers on OpenSea
Editor’s Note: A previous version of this report stated the NFT proceeds will be donated to NGO Atam Pargas. The NGO has reached out to Forkast to clarify it is not associated with the NFT project. Lekh-Haq, the organizer of the NFT has confirmed this correction to Forkast. Indian journalists and filmmakers launched farmers’ protest […]
NFTs are leveling up gaming and not all about money
NFT in gaming is not only for play-to-earn, writes Nicholas Douzinas of Ajuna Network. It should also be fun and foster human connections.
What is Axie Infinity and how is it ushering in gaming 3.0?
Axie Infinity is a blockchain-based game that rewards players with cryptocurrencies and NFTs. Learn all about how Axie Infinity is creating a play-to-earn revolution in this Forkast explainer.
Twitter accepts Musk’s US$44B bid, sends Dogecoin to crypto top 10
Dogecoin is back in the crypto top 10 after Twitter accepted Tesla CEO Elon Musk’s US$44 billion offer to purchase the social media platform. See related article: Will the dog have its day on Doge Day? Fast facts The world’s leading memecoin reached a high of US$0.1677 before retreating slightly, its highest point since Musk […]
Binance makes Russia denial; CoinDCX talk future plans
Binance categorically denies sharing client data with Russia. Meanwhile, Chinese officials push for e-CNY use at the Asian Games.
Indian banks ask for clarity on use of UPI for crypto assets
India’s leading banks have asked the National Payments Corporation of India (NPCI) to issue a formal directive that explains the curbs on money transfers using the Unified Payments Interface (UPI) for trading in virtual digital assets. See related article: Coinbase snafu sets the cat among the crypto pigeons in India Fast facts Indian banks had […]