Binance says it plans to expand hiring by as much as 30% in 2023 as rivals cut jobs
Binance, the world’s largest cryptocurrency exchange by volume, is planning to increase staff by as much as 30% this year.
Bankrupt FTX exchange has recovered US$5 bln worth of ‘liquid’ assets, lawyers say
The names of the crypto exchange’s 9 million customers and creditors will remain sealed from the public for at least three months.
CBDCs may drive more funds into DeFi protocols, says Immunefi’s Mitchell Amador
Immunefi founder Mitchell Amador believes the future security risks of CBDCs will highlight the benefits of DeFi.
India’s CoinSwitch exchange to add non-crypto products amid punishing taxes on digital asset trading
Indian cryptocurrency exchanges faced a flurry of taxes on trading last year that saw volumes across most platforms drop as much as 90%, slashing income from trading fees. What’s a crypto exchange to do? Maybe sell mutual funds?
India’s Decimal Point Analytics gets US$750,000 grant funding to develop tokenization solutions
India’s Decimal Point Analytics (DPA), a research and data analytics firm, has received grant funding of up to US$750,000 from The Hashgraph Association, a Switzerland-headquartered non-profit organization, to develop an asset tokenization platform on Hedera’s distributed ledger technology (DLT) network.
Australian crypto exchange Swyftx to end interest yielding product, cites lack of regulation clarity
Australian crypto exchange Swyftx is ending its crypto-interest earning product Earn on Tuesday due to a “constantly changing regulatory landscape” in the country, according to a company announcement.
U.S. subpoenas hedge funds in Binance probe: report
Federal prosecutors have issued subpoenas to several U.S. hedge funds that have dealt with the world’s largest cryptocurrency exchange, Binance Global Inc.
CeFi regulation may create an advantage for DeFi, Bitcoin.com CEO says
Dennis Jarvis of Bitcoin.com believes the incoming regulatory crackdown on CeFi may tip the scales in DeFi’s favor next year.
Animoca Brands slashes Web3 fund target to US$1B: Bloomberg
Animoca Brands Corp. has scaled down the target amount for its Web 3.0 and metaverse investment fund to US$1 billion.
Silvergate cuts 40% of staff after facing US$8.1B in withdrawals amid FTX collapse
Cryptocurrency bank Silvergate Capital has laid off 40% of its staff, or about 200 employees, after the collapse of FTX.com, which sparked mass withdrawals of around US$8.1 billion.
U.S. authorities to seize US$460 mln of Robinhood shares in FTX fraud case
U.S. prosecutors are moving to seize the US$460 million worth of Robinhood Markets Inc., shares linked to Sam Bankman-Fried, the former chief executive officer of Bahamas-based bankrupt cryptocurrency exchange FTX.com
Alameda Research transfers spark suspicions as SBF denies involvement
Top blockchain and crypto news: Where is Alameda Research’s money going? US tax loophole may give crypto investors a break. China’s blockchain momentum builds.
Ripple expects SEC ruling in first half, clearer global regulations for digital assets in 2023
Ripple Labs Inc. expects a court decision in the first six-months of this year in the case filed against the company by the U.S. Securities Exchange Commission. The SEC sued Ripple in December 2020 for allegedly selling US$1.3 billion in unregistered securities.
U.S. banking regulators warn against cryptocurrency fraud, contagion risks
The U.S. Federal Reserve, FDIC and the OCC have issued a joint statement to warn banks of the risks with crypto assets.
Sam Bankman-Fried pleads not guilty to fraud charges in FTX exchange collapse
Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange that collapsed in November with billions of dollars in investor funds missing, pleaded not guilty to charges of fraud on Tuesday in New York.
Bitcoin ATM rush Down Under: Australia leapfrogs El Salvador, Poland
Australia had a total of 225 Bitcoin ATMs by the end of 2022 after installing around 150 machines in the final four months of the year, overtaking El Salvador and Poland to become home to the fourth-highest number of crypto ATMs in the world, according to data from CoinATMRadar.com.
OKX’s OKB, OKT tokens surge at least 13% each after 85% quarter
OKB, the utility token of OKX, jumped by up to 15% during Asia trading hours on Monday. OKT, the native token of the OKX Chain, was up 13%.
FTX founder Sam Bankman-Fried allegedly cashes out US$684,000, on-chain data show
On-chain data showed that Sam Bankman-Fried, the founder of the now-bankrupt FTX exchange, sent around 570 Ether worth US$684,000 to a Seychelles-based exchange and Ren Protocol’s Bitcoin bridge on Wednesday
A series of events: Crypto’s 2022 timeline
Cryptocurrencies had a turbulent 2022 to say the least. Blockchain technology made progress but that failed to offset the multiple bankruptcies and hacks that plagued the industry through the year.
Second set of transactions from Alameda wallets likely liquidators: Nansen
FTX liquidators may be behind the latest transactions from Alameda Research wallets, but someone else may have sent the first set of cryptocurrencies to decentralized exchanges.
How crypto crimes are evolving, and what to expect in 2023
Ponzi schemes, investment scams and rug pulls have drained billions from crypto users in recent years. What new kinds of crypto crimes are on the horizon?
FTX founder Sam Bankman-Fried likely to enter plea deal: report
Sam Bankman-Fried is expected to enter a plea deal next week to fraud charges connected to the collapse of cryptocurrency FTX Reuters reported.
Crypto addresses linked to Alameda Research have moved over US$100,000
Several wallets associated with Alameda Research, the trading arm bankrupt cryptocurrency exchange FTX.com, came to life on Wednesday, swapping various tokens.
Kraken to shut Japan operations
Kraken announced on Wednesday that it will “cease its operations” in Japan and deregister from the Financial Services Agency.
A year to remember, a year to forget: Crypto highs and lows of 2022
From Terra and FTX crises to Ethereum’s triumphant Merge and China’s inventive NFT industry, Forkast reviews a rollercoaster year and its consequences.
Biggest blockchain trends for 2023 and beyond
After a year of new all-time highs for major cryptocurrencies in 2021, 2022 was a challenging year for Web3. Industry experts tell Forkast what crypto has in store for 2023 and beyond.
Markets: Bitcoin, Ether extend gains; XRP biggest winner in top 10 cryptos
Bitcoin and Ethereum extended gains on Tuesday afternoon in Asia along with almost all other non-stablecoin top 10 cryptocurrencies by market capitalization. XRP was the biggest winner, rising nearly 4.8% in the last 24 hours.
India’s religious festivals coming to a metaverse near your avatar?
India loves religious festivals, but are its citizens ready to attend such celebrations in virtual reality? An Indian startup reckons they are and launched its first effort this year, saying 20,000 avatars showed up.
Markets: Bitcoin, Ether rise; XRP leads gains
Bitcoin and Ether edged up slightly on Tuesday morning in Asia, along with nearly all other non-stablecoin top 10 cryptocurrencies. XRP led the gains with about 5.6%, followed by Cardano and Polygon.
Markets: Bitcoin, Ether inch up, Dogecoin leads decline across top 10 cryptos
Bitcoin and Ethereum inched up in Monday afternoon trading in Asia. Most other non-stablecoin top 10 cryptocurrencies by market capitalization were little changed
14 years on, why Bitcoin will survive its growing pains
Like an awkward teen, Bitcoin is facing a crisis of confidence, writes Eddie Hui of MetaComp. What lies in store for the original cryptocurrency in 2023?
Sam Bankman-Fried, FTX misled investors, lent billions to Alameda, Caroline Ellison says
Caroline Ellison, former chief executive of trading firm Alameda Research, told a federal judge last week that she agreed with executives of FTX, including former CEO Sam Bankman-Fried, to mislead lenders and customers on how much Alameda was borrowing from the now-bankrupt exchange.
Markets: Bitcoin, Ether little changed; Dogecoin falls
Bitcoin and Ether changed little on Monday morning, along with nearly all other non-stablecoin top 10 cryptocurrencies by market capitalization.
Time for reflection: How will FTX’s implosion impact crypto regulation?
This year’s cascade of crypto collapses should be a wake-up call to regulators, says the Independent Community Bankers of America’s Brian Laverdure.
Worship in Web3
With Christmas around the corner we look at how religions are embracing blockchain and the metaverse.
Markets: Bitcoin slips, Ether inches up; Dogecoin leads rebound in top 10 cryptos
Bitcoin slipped and Ether inched up in Asian trading on Friday afternoon, with Dogecoin leading gains across the top 10 non-stablecoin cryptocurrencies by market capitalization.
FTX asks court to keep US$450 mln Robinhood shares frozen
Failed cryptocurrency exchange FTX Trading Ltd. has asked a bankruptcy court to keep US$450 million worth of Robinhood shares frozen, as three parties battle for the true ownership of the assets.
The last 12 months the year to forget, says India’s WazirX crypto exchange
A lot of the troubles for India exchanges in 2022 will run into next year as they shed staff and run down reserves to stay afloat, and not all are expected to make it.
Markets: Bitcoin, Ether prices edge up; Dogecoin rebounds after heavy losses
Bitcoin and Ether traded higher Friday morning in Asia, along with nearly all other non-stablecoin top 10 cryptocurrencies. Dogecoin led the gains with a rise of nearly 4.5%, followed by Cardano and XRP. BNB edged lower.
British Columbia suspends new electricity connections for crypto miners
British Columbia has paused new electricity connection requests from crypto miners for 18 months to support the province’s climate action.
U.S. authorities say two FTX, Alameda executives have pleaded guilty to fraud
Caroline Ellison and Gary Wang, two integral members of the Sam Bankman-Fried now collapsed cryptocurrency businesses, are cooperating with prosecutors.
To unwrap Web3’s promises, we must break the barriers to blockchain adoption
Despite blockchain’s potential, barriers to use still stand in the way, writes Andrew Vranjes of Blockdaemon. Solving security issues and reducing risk will be key.
US bill set to demand know-your-customer from crypto companies
Top blockchain and crypto news: US senators push for crypto KYC. SBF faces the music in US courts. Alibaba Cloud to launch blockchain node.
FTX founder Sam Bankman-Fried set to return to the U.S. on Wednesday
Sam Bankman-Fried, former CEO of FTX, has signed documents in the Bahamas for extradition and is scheduled to the U.S. on Wednesday.
Visa explores auto payments on Ethereum
Visa is researching ways to introduce recurring, automatic payments for self-custodial Ethereum wallets.
The next hundred million crypto users may come from gaming, Animoca founder says
With highly anticipated blockchain games set to hit the shelves in 2023, Animoca Brand’s Yat Siu sees the next opportunity to onboard the generation of crypto users.
What the FTX collapse means for the future of crypto
Centralized exchanges releasing ‘proof of reserves’ is not enough to win back users, while improving user experience will be key, writes Holger Arians of Banxa.
Markets: Bitcoin, Ether weaken; Litecoin leads declines across top 10 cryptos
Bitcoin and Ether fell in Asian trading on Friday afternoon, with Litecoin leading declines across the top 10 non-stablecoin cryptos
FTX seeks permission to sell Japan, Europe entities and LedgerX
Attorneys representing FTX are requesting permission from the U.S. bankruptcy court to sell four of the company’s branches: FTX Japan, FTX Europe, Embed, and LedgerX.
Animoca founder says Asia is ‘moving on’ from FTX fiasco
Asia’s cryptocurrency community is “on the path of moving on” from the FTX fiasco, following the arrest of FTX founder Sam Bankman-Fried, said Yat Siu, cofounder and chairman of Hong Kong-based blockchain gaming studio and venture capital firm Animoca Brands.
Markets: Bitcoin, Ether fall; Solana rises as top 10 cryptos retreat
Bitcoin and Ether weakened in Asian trading on Thursday afternoon, with Solana rising amid drops across other top 10 non-stablecoin cryptocurrencies
Binance “deliberately” caused FTX collapse, Kevin O’Leary claims
Kevin O’Leary Kevin O’Leary, chairman of venture capital firm O’Leary Ventures and star of TV’s Shark Tank, said in a congressional hearing on Wednesday that Binance Global Inc.’s chief executive and founder Changpeng Zhao deliberately caused the collapse of Bahamas-based cryptocurrency exchange FTX.com.
Could NFTs have prevented Taylor Swift’s concert tickets debacle?
The trillion-dollar concert ticketing sector is plagued by scalping and other Web2-era problems, writes Ryan Kenny of SeatlabNFT. Here’s how blockchain can help fans and artists.
US Senator Elizabeth Warren submits crypto know-your-customer bill in wake of FTX collapse
As U.S. prosecutors line up charges against Sam Bankman-Fried, the founder of the collapsed FTX cryptocurrency exchange, Senator Elizabeth Warren is seeking to pass bipartisan regulation to rein in the “dark underbelly” of the crypto industry.
Markets: Bitcoin rebounds then retraces amid hawkish Fed comments, Solana gains
Bitcoin held onto gains in Thursday morning trading in Asia, though had pulled back from an earlier spike above US$18,000 as the U.S. Federal Reserve raised interest rates in line with expectations.
Markets: Bitcoin, Ether strengthen; Solana leads gains in most top 10 cryptos
Bitcoin and Ether increased in Asian trading on Wednesday afternoon, with Solana leading gains across most top 10 non-stablecoin cryptocurrencies
FTX an ‘old-fashioned embezzlement’ says new CEO as US authorities charge Bankman-Fried with fraud
Members of a U.S. Congressional hearing expressed frustration about the timing of Bankman-Fried’s arrest, saying they wanted him to testify under oath so the public could get the answers they are seeking about the collapse of FTX.
SEC charges FTX founder Sam Bankman-Fried with defrauding investors
FTX’s Sam Bankman-Fried has been charged by the U.S. SEC for orchestrating a years-long fraud on investors, the agency announced on Tuesday.
Markets: Bitcoin, Ether rise; BNB is biggest loser in top 10 cryptos
Bitcoin and Ether rallied in Asian trading on Tuesday afternoon. BNB was the biggest loser across the top 10 non-stablecoin cryptocurrencies
New FTX CEO says he found ‘utter failure of corporate controls’ at the exchange
John J. Ray III, the new CEO of FTX.com, said the company’s failure was caused by the “concentration of control in a very small group of grossly inexperienced and unsophisticated individuals.”
Coniferous crypto: What the industry must do to survive this winter
Crypto is weathering this year’s extreme turbulence so far. But its long-term health will require the sector’s urgent attention to regulation, education and security, writes Oliver Linch, CEO of Bittrex Global.
The Block CEO resigns after reports of undisclosed loans from Alameda Research
Michael McCaffrey, the CEO of crypto news outlet The Block, resigned after reports revealed that he received undisclosed multi-million dollar loans from Alameda Research.
Crypto Mining Woes
Crypto miners worldwide are turning off their computers as the cost of mining rises and the value of bitcoin falls.
Markets: Bitcoin, Ether inch up; Shiba Inu leads rise across top 10 cryptos
Bitcoin and Ether inched up in Asian trading on Thursday afternoon, with Shiba Inu leading gains across most top 10 non-stablecoin cryptocurrencies. See related article: Markets: Bitcoin, Ether drop as SEC’s Gensler says crypto firms running out of time to comply with securities laws Fast facts See related article: FTX failure a ‘wake-up call’ for […]
Bankman-Fried may face subpoenas if he does not testify
The embattled founder of failed cryptocurrency exchange FTX may be subpoenaed if he declines to testify at the two hearings on the platform’s meltdown in Washington DC next week.
FTX failure a ‘wake-up call’ for security, says former Mt Gox CEO Mark Karpeles
Before the FTX implosion there was Mt. Gox, an exchange that oversaw 80% of all Bitcoin trades before it collapsed in 2014. In this exclusive interview with Forkast, former Mt. Gox Chief Executive Officer Mark Karpeles says what he sees in store for the industry in 2023 in the wake of the FTX bankruptcy.
Demanding data privacy is a feminist fight: Opinion
Personal information privacy matters more than ever in a post-Roe world, writes Kayla Kroot of Koii Network. Can data from menstrual cycle tracking apps be used to prosecute women and girls for abortions?
Markets: Bitcoin, Ether drop as SEC’s Gensler says crypto firms running out of time to comply with securities laws
Bitcoin fell below US$17,000 in Thursday morning trading in Asia. The other top 10 non-stablecoin cryptocurrencies also retreated.
AAX’s future in doubt amid staff exodus and FTX contagion
Top blockchain and crypto news: AAX teeters on the brink. SBF hints at Congressional hearing no-show. Chinese court boosts NFT legitimacy.
Markets: Bitcoin, Ether weaken; Dogecoin leads slump across top 10 cryptos
Bitcoin and Ether fell in Asian trading on Wednesday afternoon, with Dogecoin leading declines across top 10 non-stablecoin cryptocurrencies
Australian crypto exchange Swyftx cuts 40% of jobs amid fallout from FTX collapse
Australian cryptocurrency exchange Swyftx cut 90 staff members — or 40% of its workforce — to prepare for a “worst-case scenario” in the market from the collapse of FTX.com.
Coinbase CEO Armstrong says Bankman-Fried’s US$8 bln ‘accounting error’ doesn’t stand up
Coinbase Global Inc. Chief Executive Brian Armstrong said Sam Bankman-Fried’s explanation of sloppy accounting as the reason US$8 billion moved from his crypto exchange FTX to brokerage arm Alameda Research doesn’t stand up to scrutiny.