Bitcoin Price Dips

Bitcoin has fallen 4.5% since last week, but could this be seen as the coin trading sideways, or could we see even more drops in Bitcoin’s price?

Weekly Market Wrap: Bitcoin retreats below US$22,000 after a record January. Is the strong start to 2023 reversing?

After the strongest January price increase since 2013, Bitcoin gave up some of its gains this week to dip below the US$22,000 support line on Friday. The crypto market was buffeted by bearish comments on interest rates by U.S. Federal Reserve officials this week, along with concerns about a regulatory crackdown. Is this the start of a downtrend, a healthy correction, or the beginning of a so-called “crab” market moving sideways?

A house divided? SEC Commissioner Peirce attacks agency’s fines against Kraken exchange

Hester Peirce said using enforcement action to dictate law in an emerging industry is the act of a “lazy” regulator, after the SEC fined the U.S.-based Kraken crypto exchange for failing to register staking programs.

Lessons from FTX: crypto investment risks and how to avoid them

The recent spate of crypto exchanges freezing customer accounts should be a wake-up call to investors everywhere. What can you do to better protect yourself?

CBDCs are coming. Here’s why you should worry

Governments are pushing central bank digital currencies to exert more control over macro policy, writes Josef Tětek of Trezor. But your money and privacy are also at stake.

Crypto Regulation Race

2023 could be the defining year for crypto regulation – but who’s leading the race to regulation and what’s the best way about it?

Binance makes Korea comeback with GOPAX acquisition

Top blockchain and crypto news: GOPAX deal sees Binance return to South Korea. Inflation fight spooks crypto markets. Chinese liquor giant gives cheers to NFTs.

South Korea prosecutors say Serbia ready to help fraud investigation into Terra’s Do Kwon

Prosecutors flew to Serbia earlier this month as part of an investigation into Terraform Labs chief Do Kwon, who faces fraud accusations related to the US$40 billion collapse of his Terra-Luna cryptocurrency project in May last year.

Shanghai Staking Surge

Ethereum’s Shanghai upgrade brings about new changes and flexibility for investors – how much of an impact could it have on the industry?

JPMorgan report shows institutional trader interest shifting to AI from blockchain after crypto slump

Nearly three out of four institutional traders surveyed “have no plans to trade crypto,” while most see Artificial Intelligence as the next big disrupter.

How regenerative finance can ease climate change and boost the bottom line

Renewable energy is plagued by financing difficulties, but blockchain technology can bridge the sector’s funding gaps, writes Brianna Welsh of Reneum.

Filecoin developer Protocol Labs cuts 21% staff amid ‘crypto winter’

Crypto layoffs last month matching 41% of the total industry job cuts in 2022, a new study finds.

Bankrupt FTX threatens legal action to claw back donations to politicians, charities

The move marks a shift in tone from December when recipients of FTX donations were requested to “voluntarily” return the funds.

What is CeDeFi, and why it is the future of finance

CeDeFi offers the benefits of CeFi and DeFi without their shortcomings, writes Alexander Tkachenko of VNX. Here’s how it works.

Weekly Market Wrap: Bitcoin breaches US$23,000 in best monthly performance since October 2021

Bitcoin climbed more than 39% in January to break through the US$23,000 resistance ceiling in its best monthly performance since October 2021. Can the world’s first and biggest cryptocurrency maintain the upward momentum? Industry commentators share their views with Forkast.

NFT’s Bitcoin Future

Could there be a shift in Ethereum’s monopoly of the NFT world as new technologies arise?

Why DeFi remains niche and what might get it out of its market rut

DeFi is still a Wild West, and many would-be users are wary of its lawlessness and anonymity. Could decentralized IDs foster greater trust and growth in the sector?

India’s Budget Disappoints

India’s position on digital assets remains status quo as the country’s parliamentary budget hearing leads to disappointment in the crypto sector.

Why the cloud will be critical to US competitiveness in world finance

The future global financial system will be reliant on the cloud, especially when it comes to CBDCs and stablecoins, writes Michael Greenwald and Logan Weber.
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Islamic Crypto Finance

Islamic finance has seen growth in a time where most of the world’s economy has suffered losses. How could its integration into crypto help the industry?

FastForkast headlines

Bitcoin mining difficulty dips 0.5% over two weeks after hitting record high

Securities and Exchange Commission may sue BUSD stablecoin issuer Paxos, WSJ reports

Markets: Bitcoin treads water under US$22,000 following SEC action on Kraken, Ether falls

Huobi to expand in Hong Kong as it bets on China

Stablecoin issuer Paxos probed by New York regulator

Markets: Bitcoin, Ether fall along with top 10 cryptos; SOL biggest loser

China to set up national blockchain technology research center in Beijing

Markets: Bitcoin slumps in broad sell off amid SEC charges against Kraken, regulation worries

Jury sides with fashion giant Hermès in MetaBirkins NFT case

Markets: Bitcoin, Ether fall; Matic sees biggest gain as top 10 cryptos decline

China tech giant Baidu reveals AI chatbot to rival ChatGPT

Coinbase CEO Brian Armstrong says SEC has ‘terrible’ idea to ban crypto staking for U.S. retail customers

Robinhood aims to buy-back its shares seized by Department of Justice in FTX failure

Markets: Bitcoin falls under US$23,000 as Fed says inflation remains stubborn. Most top 10 crypto decline

Alameda wallets activate, transfer millions in FTT tokens 

Markets: Bitcoin, Ether extend gains; Polygon leads top 10 cryptos

Beijing football club launches NFTs ahead of its virtual stadium launch

Beijing regulator warns about NFT speculation, illegal fundraising. Crackdown coming?

Markets: Bitcoin rises above US$23,000 as Fed says ‘disinflation’ started. All top 10 tokens gain

DCG to sell Grayscale holdings at a discount to pay creditors: report

Gemini agrees to put US$100 mln to Earn asset recovery efforts

Markets: Bitcoin rises as Polygon gains most in top 10 cryptos

Yuga Labs says it won first Bored Ape trademark lawsuit against RR/BAYC project

NFTs inspired by K-drama Crash Landing on You coming from Crypto.com, Studio Dragon

Binance suspends international U.S. dollar transfers, CEO indicates issues with banks

Markets: Bitcoin, Ether fall with bearish U.S. equities, but Bitcoin long bets jump

Markets: Bitcoin, Ether extend losses: Solana, Polygon biggest losers

Chinese liquor giant Moutai unveils NFTs linked to liquor bottles

South Korea issues guideline on cryptocurrencies as securities tokens ahead of planned legalization

Markets: Bitcoin falls below US$23,000, Ether drops as crypto market follows equities lower

Binance tells Indian crypto exchange WazirX to remove funds from its platform as feud escalates

Binance re-enters S. Korea through GOPAX equity purchase: report

India working with IMF, FSB on crypto regulations, says economic affairs secretary

Crypto exchange PayBito begins to integrate ChatGPT into its platform

Markets: Bitcoin and Ether down, Polkadot biggest winner among top 10 cryptos

China should reconsider its ban on cryptocurrencies, says former central bank official

Prime Minister Fumio Kishida says NFTs and DAOs can bolster ‘Cool Japan’ strategy

Silvergate probed by US prosecutors over FTX, Alameda accounts: Bloomberg

Markets: Bitcoin dips to US$23,500, Ether inches up, other top 10 crypto mixed

India’s largest retailer Reliance starts CBDCs sales

Markets: Bitcoin and Ether up, Matic tops gains as investors wait for ECB’s decision on interest rates

China’s Suzhou city joins other regions in the country seeking to be metaverse hub

Donald Trump helps Polygon NFTs outsell Ethereum on OpenSea exchange for second month

Meta’s metaverse division Reality Labs posts wider loss of $13.7 billion in 2022

U.S.-based cryptocurrency exchange Bittrex lays off 83 employees

South Korea arrests head of Bithumb crypto exchange for alleged embezzlement

Markets: Bitcoin breaks US$24,000 ceiling after Fed says ‘disinflationary process’ started in U.S. economy

Crypto hackers stole record US$3.8 bln in 2022, mostly from DeFi and cross-chain bridges: Chainalysis

Bankrupt FTX held US$1.4B in cash at the end of 2022

Cardano’s Djed stablecoin locks US$10 mln in reserves on its first day

Markets: Bitcoin stays above US$23,000; Cardano leads gains in top 10 cryptos

Digital yuan sales during Lunar New Year up from last year, online retailers say