Unraveling the mystery behind why Bitcoin prices are all over the place
Even the most reliable media can report wildly different crypto numbers. Forkast.News dives into DeFi math and crypto exchange economics to find out who’s right.
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CFTC wants to be the primary crypto regulator
The Commodity Futures Trading Commission is ready to be the “primary cop on the beat” for digital assets, CFTC acting chair Rostin Behnam said at his confirmation hearing on Wednesday. Fast facts As of Tuesday, “the total size of the digital asset market was US$2.7 trillion and among that $2.7 trillion, nearly 60% were commodities.…
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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?
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Blockchain game Alien Worlds Missions launches on Binance Smart Chain
Popular play-to-earn blockchain game Alien Worlds has launched its Alien Worlds Missions game on the Binance Smart Chain (BSC), according to a media statement. Fast facts Alien Worlds is a decentralized finance (DeFi), non-fungible token (NFT) metaverse where players compete using unique digital items (NFTs), earn Trilium (TLM), the in-game currency, and travel on Alien World Missions…
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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.
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European Central Bank appoints 30 members to digital euro market advisory group
The European Central Bank (ECB) has appointed 30 senior business professionals from a range of financial institutions and related organizations to its market advisory group for the digital euro project, according to a media statement. Fast facts The appointment of industry members to the advisory group follows the ECB’s launch of its digital euro project…
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Taxing crypto, but not BTS NFTs? Virtual asset tax debate continues in South Korea
The South Korean government pushes forward its plan to tax crypto income beginning in January while investors and lawmakers criticize the pending tax law for its loopholes, with one lawmaker mentioning NFT goods of K-pop mega-group BTS. Fast facts The National Tax Service (NTS) of Korea met with 28 domestic cryptocurrency exchanges earlier this week…
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Polkadot founder Gavin Wood: Decentralization and security are not optional in the search for scalability
More decentralization is being planned for Polkadot as its much-anticipated rollout draws close with the first batch of parachain slot auctions starting on Nov. 11.
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New Australian ETF grants exposure to Bitcoin mining sector
Only two weeks after the Australia Securities Exchange approved a similar product, the Cosmos Global Digital Miners Access exchange-traded fund (ETF) launched on rival exchange Chi-X Australia today, granting exposure to globally listed digital asset mining and infrastructure companies. Fast facts Trading under the name “DIGA,” the fund tracks the Global Digital Miners Index, designed…
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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…