Hong Kong-based crypto exchange Bilaxy hacked; over $21M loss
The 20th hijack this month, after Poly Network, Solend and Liquid.
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Solana crosses $100 price level
As Bitcoin and Ethereum drop after a quick ascent, the surge of Solana (SOL) continues. SOL hit a new all-time high of US$102.07 today, with its market cap reaching over US$29 billion. The world’s eighth largest cryptocurrency has been consecutively hitting new all-time highs in the past four days. Fast facts The market cap of…
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Three state-owned banks in China release e-CNY usage data
Tens of billions in digital yuan circulate through the banks’ systems, as leaders encourage wider adoption.
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Ethereum network splits into two; update is urged
A network patch designed to fix a bug on the Geth network has led to the world’s second-largest blockchain splitting in two.
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Why some big investors are diving into DeFi but others are holding back
Decentralized finance (DeFi) is attracting a lot of attention from traditional banks and venture capital, but many institutions remain firmly on the sidelines. Forkast.News explores why.
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How Bitcoin and Ethereum are rekindling with equities
What is the relationship between crypto assets and stock prices? An analysis week’s market trends.
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Axie Infinity tweet suggests willingness to work with Philippines on tax demand
Axie Infinity, one of the world’s most popular non-fungible token (NFT) games, tweeted that it is “looking forward to working with physical nations” and called for its digital users to abide by the laws of their home countries, presumably a reference to local tax laws. Fast facts The tweet came just days after the Philippines government stated…
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Solana price hits all-time high as Bitcoin, crypto market dip
Bitcoin’s price dropped following a quick ascent past US$50K, but analysts say the rally is set to continue. Meanwhile, Solana again defied the overall market to post a new price high.
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Former India central bank chief says cryptocurrencies have a ‘potential future’
While India’s parliament considers a potential nationwide ban on all private virtual currencies, a former governor of India’s central bank says some cryptocurrencies have a “potential future” in the global economy. Raghuram Rajan, ex-governor of India’s central bank and former chief economist at the International Monetary Fund, made his comments at a Reuters Global Markets…