The cryptocurrency industry’s liquidity issues — and an effort to solve them
Broctagon Fintech Group is launching what it hopes will become a new global standard for cryptocurrency exchanges to reduce price discrepancies. Will it work?
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CrossTower says it wants to collaborate, not compete, with Indian exchanges
CrossTower became the second international crypto exchange to enter the Indian market last week after Binance made its entry by acquiring WazirX in 2019.
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China state mouthpiece criticizes NFT mania
A sister paper of the People’s Daily, Securities Times, published an opinion piece to criticize non-fungible tokens (NFTs) as hype and suggested the digital assets should serve the real economy by tokenizing actual assets. Fast facts The article offers as an example Justin Sun’s NFT purchase of a digital avatar for US$10.5 million and the…
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Miss Universe Thailand, NFTs join in world first
The Miss Universe Thailand 2021 pageant has partnered with Bangkok-based crypto exchange Bitkub to feature non-fungible tokens (NFTs) as part of the competition, Bitkub announced. Bitkub claims the event will mark the first NFT beauty pageant. Fast facts Bitkub will mint NFT collectible cards of the pageant contestants. The company also will provide participants with…
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Altcoins have their day in the sun as market pulls back
A few altcoins managed to stand out coming into the working week as Solana’s tear comes to an end.
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What are smart contracts and what are they used for?
In this Forkast.News explainer, learn why blockchains with smart contract capability are surging in popularity and the new darlings of investors.
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China’s central bank reports progress, challenges on e-CNY adoption
PBOC still working out regulatory rules, acceptance environments and payment systems.
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Iran closes down more unauthorized crypto mining farms: reports
Iran, which imposed a temporary ban on Bitcoin mining a few months ago, continues to crack down on illegal crypto mining operations, closing down thousands of unauthorized mining facilities, according to local media reports. Fast facts The Iran Power Generation, Distribution and Transmission Company, also known as Tavanir, told the state-run ISNA that it had…
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Alibaba’s Tmall sells out mooncake NFTs
Chinese e-commerce giant Alibaba is sparing no efforts in riding the non-fungible token (NFT) wave, with its online retailer Tmall selling out a new collection of NFTs featuring mooncakes — a signature snack made to celebrate the Mid-Autumn Festival that falls on Sept. 21 this year. Fast facts Tmall has issued “mooncake NFTs” built with…
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CoinSwitch Kuber says it’s now the largest Indian exchange with over 10 million customers
The platform reports more users than WazirX and CoinDCX, and aims to make crypto trading as easy as ordering food online.