Urszula McCormack of King & Wood Mallesons: data regulation will be a challenge for the virtual asset sector
In this edition of Forkast Forecasts, the financial regulatory lawyer and partner at King & Wood Mallesons offers her views on digital assets regulation, CBDCs and Asia’s digital transformation.
SEC Plans to Sue Ripple for Securities Violations: Reports
In interviews, the Ripple CEO told Fortune and the Wall Street Journal that the SEC plans to sue the company in the near future for offering unlicensed securities.
What are the SEC and OCC’s thoughts on digital asset regulations?
An all-star panel of top cryptocurrency policymakers and other blockchain experts explain the US regulatory system for digital assets and what lies ahead.
Why cybersecurity will be DeFi and blockchain’s next big challenge
DeFi’s explosive growth may be the cryptocurrency world’s biggest story in 2020. But is the industry ignoring risks and cybersecurity gaps?
US bills could shake up cryptocurrency exchanges and ICO prosecutions
Proposed federal laws would upend SEC rules for digital tokens and give CFTC sweeping powers. Will it be enough to rein in crypto’s Wild West ways?
Esports gambling platform Unikrn settles with SEC for $6.1 million
SEC’s crackdown comes as more states permit online gambling, putting a further squeeze on the company once backed by celebrities like Ashton Kutcher.
What is the secret to Conflux Network’s success in China?
Conflux wins rare endorsements from Shanghai and Hunan provincial governments as other blockchain firms struggle for a toehold on the mainland.
What the Twitter hack reveals about the need for digital identity security
Could blockchain technology and decentralized ID verification have prevented all those VIP Twitter accounts from being commandeered for a bitcoin scam?
Ep. 23 | Is Ethereum more popular than Bitcoin now? Crypto love comes to K-pop world. SEC-sanctioned crypto firms receive PPP funds.
Other top news: China’s BSN blockchain network expands global reach. US lets major banks act as crypto custodians. VC in India and Singapore.
Why did SEC-sanctioned crypto companies receive PPP funds for Covid relief?
The $660 billion Paycheck Protection Program — intended to help America’s small businesses survive the pandemic — also gave financial aid to crypto firms accused of fraud, a Forkast.News investigation found.
Ep. 22 | How Twitter hackers broke into VIP accounts. Are SEC and CFTC targeting DeFi via Abra? BitMEX parent rebrands as 100x Group.
Other top news: InterContinental uses blockchain to prove hotel cleanliness. Beijing plans for blockchain in city services. VC in India and Israel.
SEC ‘Crypto Mom’ Hester Peirce: US will lose out in crypto innovations if regulations remain in limbo
The US is gold standard for global financial regulations. But if US does not get its act together over crypto, other nations will emerge as leaders in this growing space.
How to improve data security during Covid disruptions
Working from home heightens computer security risks and the need for good data governance. What are the best practices for safeguarding critical data?
Why South Korea’s new law against bitcoin and other crypto could damage its DeFi sector
The financial watchdog’s ruling would prevent cash from being loaned out for bitcoin and other cryptocurrency. Forkast.News analyzes its likely impact on the sector.
Ep. 2 | Lightning Loop, SEC’s crypto safe harbor, Zcash vote on mining rewards
In this episode: Lightning Loop as the Visa of bitcoin, SEC’s crypto safe harbor, and Zcash voting to give 20% of funds to developers
Ep. 1 | Spencer Dinwiddie, SEC on IEOs and Bitwise investor bulletin
Welcome to The Current Forkast series with Forkast.News Editor-in-Chief Angie Lau and Brian Lio, CEO of blockchain research group Smith + Crown. In this episode we talk about: NBA player Spencer Dinwiddie’s token release, SEC’s warning on Initial Exchange Offerings (IEOs), Bitwise investor bulletin
5 blockchain trends in 2020: Bitcoin halving, Libra, security tokens and more
Smith + Crown focuses its attention on headlines and projects it considers as key developments likely to prove influential in determining the course of blockchain events in 2020.
Behind the Scenes Conversation with: Ashley Alder, CEO of Securities and Futures Commission
Hong Kong’s Securities and Futures Commission has announced that they will issue licensed for digital trading platforms in the city, a move which is sure to shake up financial services in Asia. Forkast.News’ Editor-in-Chief Angie Lau had a brief behind-the-scenes interview with Ashley Alder, CEO of the regulator moments before he made the announcement at […]
Security Token Offerings — The What and the Why, Vol. 3: How are Security Tokens Created as a Matter of Law?
If I buy a token in an asset-based security token offering, will I own a piece of the property? Am I tokenizing the asset? No. Let’s take real estate as an example. Tokenising the underlying real estate would require tokenization of the Land Registry. This is not what happens. You will most likely own an […]
Security Token Offerings — The What and the Why, Vol. 2: Tokenizing Real Estate
Why would tokenization of real estate be attractive? Fractional ownership will allow part of an asset to be made available by tokenization. This provides the asset owner with different choices on how to approach the market. For instance, an anchor investor could hold a 40% interest, 30% could be released to other key investors, and […]
The SEC as World Police: What the World Should Know about the SEC’s Jurisdiction
Initial coin offerings (ICOs), initial exchange offerings (IEOs), and security token offerings (STOs) are a worldwide phenomenon. After all, a coin or token that has no physical existence apart from some computer code can be easily sent around the world to anyone with an internet connection with a few clicks of a keyboard. While the […]
Opinion | Why the Security Token Industry Hasn’t Taken Off
Trustless payment methods were the first disruption blockchain brought to the financial industry. The second wave of disruption came about when the ICO boomed in 2017 as a way to reach a larger market of investors through crowdfunding smart contracts on Ethereum. In 2017 alone, ICOs raised around $7 billion. More recently, we’re seeing the […]
SEC Sues Kik for $100M ICO Raise — Why This Could Change Everything
Key Highlights The Kik case is the first case that the SEC has brought in litigation that has been contested by the company where there are no allegations of fraud “The SEC has made clear that virtually all ICOs are going to be treated as offerings of securities.” Even if a company is offering ICOs […]
Security Token Offerings: The What and the Why, Vol. 1
This is the first part of an insight series by Tanner De Witt partner, Pádraig Walsh, in which he gives his legal perspective on security token offerings. In this article, he starts from the basics, and asks and answers what are security token offerings and why we should care. What is a token? A token […]
Mad Lads NFTs soar with US$673K in daily sales
Solana-based Mad Lads led the NFT sales chart on Thursday.
CryptoPunks climbs back to NFT sales lead with over US$704,000
The iconic CryptoPunks collection tops daily NFT sales, with Ethereum leading all chains.
DMarket reclaims NFT sales lead with over US$636,958
DMarket leads all NFTs in daily sales despite a slight drop from the previous day.
CryptoPunks reclaims NFT sales lead with over US$1.6 million
CryptoPunks tops daily NFT sales, Ethereum blockchain sees significant activity.
Polygon’s MKgirl leads daily NFT sales
MKgirl tops NFT sales with over US$1.1 million in a single day.
DMarket snatches NFT sales lead from CryptoPunks
DMarket tops daily NFT sales, Ethereum dominates blockchain transactions.
CryptoPunks leads NFT sales with US$1.29 million
CryptoPunks leads NFT market for third straight day.
CryptoPunks leads NFT surge with US$825K in daily sales
CryptoPunks tops daily NFT sales, Ethereum blockchain sees slight uptick.
DMarket reclaims top NFT position
DMarket returns to the top of the NFT market after conceding the position to BAYC.
Bored Ape Yacht Club leads NFT sales with US$1.55 million
The Bored Ape Yacht Club collection topped the NFT market with significant sales.
Bored Ape Yacht Club leads daily NFT sales, ending DMarket’s streak
The Bored Ape Yacht Club collection topped the NFT market with significant sales, outperforming other collections and blockchains.
DMarket, Guild of Guardians Heroes continue to lead NFT sales
DMarket tops daily NFT sales for the second consecutive day of this week.
DMarket, Guild of Guardian Heroes lead NFT market
DMarket tops daily NFT sales, Ethereum leads all blockchains.
NFT sales surge led by DMarket and Ethereum
DMarket tops daily NFT sales, Ethereum leads blockchain transactions.
DMarket leads daily NFT sales and beats Ethereum on its own
DMarket tops daily NFT sales for the second consecutive day.
Dmarket NFTs return to the top of the sales chart
DMarket explodes to the top of the NFT market for the first time since May.
CryptoPunks leads NFT sales with over US$663K in a day
The iconic CryptoPunks collection tops daily NFT sales, while Bitcoin leader NodeMonkes came in second.
Pudgy Penguins leads NFT sales with over US$1.14 million
Pudgy Penguins NFT collection tops daily sales, Ethereum blockchain sees significant activity.
Solana’s Mimay leads NFTs as Bitcoin and crypto market plunges
Mimany tops NFT sales with a significant daily increase, outperforming other collections on the Ethereum blockchain.
NodeMonkes leads NFT sales with over US$660K in a day
NodeMonkes NFT collection tops daily sales, Ethereum blockchain sees a dip in transactions.
Ape Finance sends BAYC to the top of the daily NFT market
The Bored Ape Yacht Club collection tops daily NFT sales, Ethereum blockchain sees big volume bump.
Solana’s DogeZuki tops daily NFT market
DogeZuki tops daily NFT sales, followed by Solana Monkey Business and Bored Ape Yacht Club.
Guild of Guardian Heroes leads NFT sales with over USS$581K in a day
The Game Girl collection tops daily NFT sales, while Polygon sees a significant increase in transactions.
Solana Monkey Business reclaims top spot with US$679K in sales
Solana Monkey Business tops daily sales for the second time this week.
LockDealNFT leads with US$617,880 in daily sales
LockDealNFT tops the NFT market with significant sales, outperforming other collections on July 24.
SND Genesis Battle Pass leads NFT market as VanEck uses Pudgy Penguins in ETF ad
SND edges Pudgy Penguins despite VanEck using the latter in its latest ETF ad.
Solana Monkey Business leads NFT sales with US$875.91K
SMB’s surge in sales marks a significant uptick in the NFT market.
Solana Monkey Business leads NFT sales with over US$971K
The Solana Monkey Business collection tops the NFT market in daily sales, ending a two-day reign of Gods Unchained.
Gods Unchained leads NFT sales with over US$612K in a day
The Gods Unchained collection tops daily NFT sales, while Ethereum blockchain sees a significant increase in transactions.
Gods Unchained leads NFT sales with over US$930K in a day
The digital collectible card game’s recent surge places it atop the daily NFT market, outperforming other collections with significant sales and buyer engagement.
Alien Cats lead NFT sales with US$1.32 million in a day
The new Alien Cats collection topped CryptoSlam’s NFT sales chart on Monday.
Mocaverse leads NFT sales as MOCA airdrop begins
Mocaverse tops daily NFT sales, followed by CryptoPunks and DMarket, with Ethereum blockchain seeing a significant daily increase.
Trader Roaring Kitty sued over GameStop stock frenzy
Keith Gill, known as Roaring Kitty, faces a lawsuit alleging his social media activity fueled GameStop’s stock volatility.
21Shares files for spot Solana ETF
21Shares files for a spot Solana ETF, a day after VanEck submitted its application for a similar product with the SEC.
US offers US$5 mln for capture of “Cryptoqueen” Ruja Ignatova
The U.S. State Department increases the reward for information on the fugitive founder of OneCoin.
South Korean VC Hashed Ventures expands to Abu Dhabi
Hashed Ventures partners with Hub71 to explore MENA’s tech and crypto markets.
VanEck files for Solana ETF
Recent analysis points to a potential bottom in Bitcoin’s value, with key metrics signaling a turning point.
CryptoPunks leads daily NFT sales with over US$1.34 million
CryptoPunks tops daily NFT sales, outperforming other collections, with significant buyer engagement on June 25.
Standard Chartered enters crypto trading arena
British bank Standard Chartered launches a crypto trading desk for institutional clients, focusing on Bitcoin and Ethereum.
Stablecoins poised to claim 10% of global economy by 2034, says Circle CEO
Circle CEO Jeremy Allaire predicts a surge in stablecoin adoption, potentially reshaping finance.
Crypto investigator exposes Shkreli as DJT token creator
Blockchain detective ZachXBT identifies Martin Shkreli as DJT token creator, earning a US$150,000 reward from Arkham Intelligence.
Hashdex aims for first dual Bitcoin-Ethereum ETF in the U.S.
Crypto asset manager Hashdex files for a pioneering Bitcoin-Ethereum ETF, targeting SEC approval.
Australia’s first Bitcoin ETF to debut on ASX
VanEck’s Bitcoin ETF, launching on ASX, marks a pivotal moment for Australian crypto investment.
Helio expands Shopify plugin with Solana Pay for diverse crypto transactions
Helio’s latest update to its Shopify plugin via Solana Pay introduces a broader cryptocurrency acceptance and innovative merchant tools.
MicroStrategy to boost Bitcoin holdings further with US$500 mln bond sale
MicroStrategy announces a half billion dollar bond sale to fund additional Bitcoin acquisitions.
Terraform Labs to dissolve following US$4.47 billion settlement
Terraform Labs and ex-CEO Do Kwon to pay billions in SEC fraud settlement, marking one of the largest penalties in U.S. history.
Ethereum Name Service tops NFT charts sales with over US$4.27 million
Ethereum Name Service tops daily NFT sales, followed by significant activity on Ethereum and Bitcoin blockchains.
South Korea classifies select NFTs as cryptocurrencies
New guidelines by South Korea’s FSC will regulate certain NFTs under cryptocurrency laws.