What are ‘Ethereum killers’ and what are their prospects with Eth2 under way?
With Ethereum 2.0 still in development, rival blockchains like Cardano, Binance Smart Chain, Solana and Polkadot are hot on Eth’s tail. Who might prevail, and why?
-
-
NFT trade takes off. Tether’s bankable reserves. Tencent targeted in China.
Top blockchain and crypto news: NFT wave buoys OpenSea. Are dollars and sense a lifeline for Tether? Tencent gets a target on its back.
-
China’s mining exodus flows to U.S. Is Texas the new promised land?
Poolin, a major mining pool in China, has set sail for America. ‘Large players are all over the U.S. now looking for deals.’
-
Why honest centralization is superior to chaotic decentralization
Are DAOs and decentralization always beneficial for the group or the user? Antoni Trenchev of Nexo urges you to think again.
-
Chinese DeFi platform Poly Network suffers US$600M hack
Impact of one of the biggest heists in the industry looks set to be mitigated as hackers agree to return funds.
-
BitMEX pays US$100M to settle AML, KYC compliance breach charges
After nearly a year under investigation, crypto exchange and derivatives trading platform Bitmex has agreed to pay as much as US$100 million to settle charges brought by the U.S. Commodity Futures Trading Commission and the Financial Crimes Enforcement Network, according to a company blog post. Fast facts Alex Höptner, BitMEX’s CEO, told Forkast.News in a…
-
Cardano ADA surges 20% with smart contracts on the horizon
As Cardano’s Alonzo Purple upgrade launches and the full roll-out of smart contract support is teased, the price of ADA — the native cryptocurrency of the Cardano blockchain network — surged more than 20% in the past 24 hours. ADA was trading at US$1.71 at press time — its highest in over two months, according to…
-
NFTs and the music industry: K-pop’s new token economy | Part 2
K-pop superstars Brave Girls, Se7en and A.C.E. are among the latest to jump on the non-fungible token bandwagon. Are fans buying it?
-
US Senate passes $1 trillion infrastructure bill with crypto tax requirements
Despite strong lobbying attempts from the crypto industry for last-minute amendments, the Biden administration’s US$1 trillion infrastructure bill passed the Senate last night with heightened tax reporting requirements for crypto “brokers” and possible ramifications for crypto miners, as Yahoo News reports. Fast facts A compromise amendment requiring unanimous consent to be added to the bill…
-
SEC seeks 1 million Slack messages from Ripple for XRP litigation
The US Securities and Exchange Commission wants to review ‘terabytes’ of Ripple’s Slack chats for evidence of XRP-related wrongdoing. How much is too much?