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China court says virtual assets legally protected as properties

Virtual assets remain legal property protected by law in China, said a Friday report from People’s Court Daily.

Bitcoin flat below US$26,000 as rate hike woes cool down

Bitcoin edged up on Monday morning in Asia but remained below US$26,000. Ether also stayed range-bound at around US$1,650.

Real Bedford — Bitcoin, football and the bear market

In the first installment of Forkast’s ‘Crypto in Sport’ series, we visit the U.K. and the homeground of Real Bedford — the world’s first Bitcoin-funded football team. Can the team’s rock-n-roll rebrand under Bitcoin evangelist Peter McCormack propel the team up the English football pyramid? Or will the crypto winter put a freeze on its progress?

SEC delays verdict on BlackRock’s ETF application; Will Bitcoin ETFs see light of day?

After Grayscale’s legal win, the SEC decided to postpone its decision on spot Bitcoin ETF applications. Will these proposals be greenlit? And when?

Weekly Market Wrap: Grayscale’s favorable court verdict, ETF hype fail to lift Bitcoin above US$28,000

While Grayscale’s favorable verdict over the SEC could pave the way for the first spot Bitcoin ETF in the U.S., it failed to bring Bitcoin above the US$28,000 support level.

Bitcoin below US$26,000, most other top 10 cryptos extend losses

Bitcoin, Ether and other cryptos dropped on Friday afternoon in Asia. Toncoin and Tron gained.

How crypto can help Africa reap greater yields — of the agricultural kind

Assisted by blockchain and AI, small farmers can make better use of data for more bountiful harvests. But adapting to new technology isn’t always easy.

The rise and continuing fall of Sam Bankman-Fried: A step-by-step guide to his case so far

The 9 key pieces of information you need to know ahead of the FTX founder’s first trial on Oct. 2

Grayscale triumphs over SEC: A David v. Goliath win in the crypto arena

Top blockchain and crypto news: U.S. court compels SEC to review Grayscale’s ETF application. SEC zooms in on NFTs. Asia’s richest man eyes blockchain, CBDCs

Uniswap securities violation charges dismissed by US court

A U.S. district court on Wednesday dismissed charges against a group of five firms for alleged securities violations on the Uniswap DeFi platform.

All top 10 cryptos fall except Dogecoin, as boost from Grayscale ETF ruling fades

Bitcoin, Ether and most other top 10 cryptos dropped on Thursday after a Wednesday rally on news of Grayscale receiving a favorable ruling against the SEC.

Cryptos down as Grayscale ETF news loses shine

Bitcoin, Ether and most other top ten cryptos traced back gains made following news of Grayscale’s legal win against the SEC.

India’s CoinSwitch crypto exchange fires 44 employees as trading volumes drop

CoinSwitch, an Indian cryptocurrency exchange backed by Tiger Global and Sequoia Capital, has laid off 44 employees from its customer support team due to a drop in customer queries with falling trading volumes.

Crypto market gets boost from favorable court ruling for Grayscale against U.S. SEC

Prices of all cryptocurrencies rose on Wednesday after a U.S. court backed Grayscale on its Bitcoin ETF application, compelling the SEC to review its rejection of the application.

Hong Kong grants SEBA Bank in-principle approval for crypto trading

The Hong Kong branch of SEBA Bank has received an in-principle approval from regulators to provide virtual asset trading services in the jurisdiction.

How Worldcoin is undermining crypto’s original ethos

The new crypto from OpenAI’s founder requires users to supply biometric data. What if those in control can identify you — and follow your every financial move?

Green ink across crypto after Grayscale scores SEC win

A U.S. court’s landmark decision to side with Grayscale on its Bitcoin ETF application to the SEC sent crypto prices upward Wednesday morning in Asia.

A Dark but necessary time for NFTs is here

From Miami parties with A$AP Ferg to a historic NFT market slump: The highs and lows of the NFT world.

Court backs Grayscale, overturns SEC decision blocking Bitcoin ETF

In a landmark ruling, the court overturned the SEC’s previous decision, signaling potential tailwinds for other financial giants.

Bitcoin, Ether gain; traders cautious as U.S. regulator goes after NFT firm

Bitcoin, Ether rose less than 1% in the past 24 hours while posting losses on the week. Polkadot led gains among top 10 cryptos.

SEC charges NFT project with securities law violations

The U.S. SEC charged Impact Theory, a Los Angeles-based media and entertainment company, on Monday with offering unregistered securities in the form of NFTs.

Welcome to 2030: I own everything, and life’s actually pretty good

Here’s a look at a future where Web3 technology will allow us to have ownership stakes in all things and avoid a subscription-based consumerist hellscape.

Bitcoin, Ether trading flat as SEC targets firm offering NFTs

Bitcoin, Ether were little changed. Cardano led gains while Solana posted losses as experts say crypto prices are looking up.

Asia’s richest man bets on blockchain, CBDC

Mukesh Ambani, Asia’s richest man from India, said on Monday that his Reliance Industries Ltd. is exploring blockchain-based platforms and central bank digital currencies (CBDC).

India’s PM advocates global ethical framework for cryptocurrency, artificial intelligence

Amid growing concerns around algorithm biases and their societal impact, India Prime Minister Modi calls for international consensus on ethical AI and crypto governance at the B20 summit. 

Bitcoin dips below US$26,000, crypto faces downward pressure amid Fed’s rate hike signals

Bitcoin and other major cryptocurrencies face headwinds on the first trading day of the week in Asia following the U.S. central bank’s Jackson Hole Symposium remarks, while Tron bucks the trend with modest gains.

How dynamic NFTs can bring brand engagement to a new level

NFTs are now capable of being interactive and changing with the weather, user location and time of day. What are the downsides and challenges ahead?

Binance delists sanctioned Russian lenders from P2P services: WSJ

Binance, the world’s largest crypto exchange, has removed sanctioned Russian banks from its P2P trading service, the Wall Street Journal reported on Friday. 

DeFi revenue remains resilient despite Curve Finance hack

Even as the value of assets in DeFi dips, service provider revenues stand strong, undeterred by the US$73 million Curve Finance breach, Forkast Labs data shows.

Weekly Market Wrap: Bitcoin’s summer volatility, Coinbase’s new stake and anticipations on the Fed moves cryptocurrencies

From landmark business decisions to looming central bank announcements, the crypto landscape this week teemed with events that may shape the course of the market.

N. Korean hackers may cash out stolen crypto; HKVAX gets SFC nod as UK crypto rules gets Royal Assent

Sam Bankman-Fried pleads not guilty to misusing customer funds. North Korean hackers could cash out US$40 million worth of stolen Bitcoins

If Chinese crypto holders sneeze, will global markets catch a cold?

Top blockchain and crypto news: China’s economic woes could spell trouble for crypto. Real fear in NFT markets. Can Friend.tech revive SocialFi?

SOL reverses gains, Bitcoin holds US$26,000, top cryptos fall ahead of Powell’s speech

SOL reversed Thursday’s gains from its Shopify partnership while XRP fell to a six-week low. Bitcoin and Ether inched up during afternoon trading but struggled to gain more upward momentum.

Sam Bankman-Fried’s lawyers granted unlimited prison visits; FTX tries to sell crypto holdings

Sam Bankman-Fried’s lawyers can visit him in jail on a daily basis, a U.S. district court ruled on Wednesday, while FTX’s new CEO wants to sell its crypto.

It’s time for Web3 gaming to up its own game

Blockchain games are often touted as the next big thing. Joseph Cooper, CEO of Earn Alliance, takes a hard look at the industry’s challenges and how to overcome them.

Bitcoin back down to US$26,000 as investors await US Fed chair speech

Bitcoin dropped to around the US$26,000 level Friday morning in Asia, giving up much of the previous day’s gains. Ether also moved lower.

Mastercard and Binance end crypto card partnership, services shut down in Latin America, Middle East

Mastercard and cryptocurrency exchange Binance will end their crypto debit card program in Argentina, Brazil, Columbia and Bahrain from Sep. 22.
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Tornado Cash founders charged with money laundering crypto, including proceeds from North Korean heists

The Tornado Cash mixer’s co-founders have been charged by the U.S. Department of Justice with money laundering and sanctions violations.

Bitcoin, Ether rise with SOL leading winners in top 10 cryptos

SOL was the biggest gainer in the top 10 following its Shopify deal. Bitcoin and Ether also rose along with most top 10 cryptocurrencies.

Bitcoin back at US$26,500 as crypto mirrors Wall Street gains

Bitcoin rose on Thursday morning in Asia to trade in the US$26,500 range. Ether also moved up. Solana led the winners in the top 10 non-stablecoin tokens.

Blockchain tech in Thailand gets boost from new pro-crypto leader

Blockchain technology in Thailand could soon receive a boost by new Prime Minister Srettha Thavisin, who had promised during his campaign to give 10,000 baht (US$300) through digital wallets to every Thai citizen aged 16 years and above.

SOL falls to six-week low, BNB biggest gainer despite reports of Binance violating Russian sanctions

Bitcoin recaptured the US$26,000 mark today, while Solana fell to a six-week low. BNB was the biggest gainer in the top 10, despite allegations against Binance resurfacing.

Could Rishi Sunak’s blockchain dream live on without him?

This final installment of a 3-part series on the U.K. digital asset industry looks at the politics driving the British crypto conversation. PM Rishi Sunak is a believer, but an election’s coming up, and his rivals appear less keen on turning the U.K. into a global crypto hub.

Binance denies Russia sanctions violation reported by WSJ

Binance continues to help a significant amount of Russian funds move abroad through crypto transactions, according to The Journal.

Rising tide or sinking ship

OpenSea’s royalty policy change ignites debate between tech advocates and creators. Mark Cuban calls it “a huge mistake as NFT market slides 6%.

How DAOs can avoid voter apathy — and power struggles

Good governance of a DAO can be hampered by a disengaged community and whale dominance. What can be done when 1% of stakeholders holds 90% of voting power?

Bitcoin below US$26,000 with a new low of US$20,000 in the cards

Bitcoin fell Wednesday morning in Asia to trade below US$26,000. Ether also dropped as all other top 10 non-stablecoin tokens traded flat to lower.

India’s CoinDCX exchange lays off 12% of staff

CoinDCX, one of India’s largest cryptocurrency exchanges, said on Wednesday it is laying off 12% of its staff due to the impact of a prolonged bear market and local tax rules. 

Bitcoin holds US$26,000, BNB flirts with annual low

Bitcoin holds its ground above US$26,000, but the top 10 cryptocurrencies see a dip. BNB remains subdued as Binance’s payment partner woes intensify.

‘Third category thing’ — untangling digital asset property law in England and Wales

How can we claim to own something that falls outside traditional categories of personal property? In this second installment in a 3-part series looking at the U.K. digital asset industry, Law Commissioner for England and Wales Sarah Green explains how.

Why FTX deserves a second chance

Despite the outrage against Sam Bankman-Fried and the now-bankrupt exchange, everyone would be better off with a relaunched FTX 2.0, writes Rachel Lin, CEO of SynFutures.

Bitcoin recovers after falling below $26,000 as the ETF excitement bubble bursts

Bitcoin stabilized Tuesday morning in Asia after dropping below the key US$26,000 support level over night. Ether also dipped but held the US$1,600 mark.

Bitcoin stabilizes as ETF enthusiasm tapers off

Bitcoin stabilized above the US$26,000 mark following last week’s sell-off. Top cryptos struggle to gain momentum as Bitcoin ETF applications continue to be delayed.

How the rise of asset tokenization could redraw global financial power maps: Opinion

Fractionalizing assets on-chain can greatly increase liquidity, security and market efficiency, writes Hamilton Keats. Here are the key trends and challenges.

By royal decree — the UK moves toward regulating crypto

This first installment in a 3-part series on the U.K. digital asset industry looks at recent efforts to regulate crypto and expand the sector.

Bitcoin, Ether stable after last week’s nosedive; XRP leads crypto gains; US stock futures mixed 

Bitcoin edged up on Monday morning in Asia to trade above US$26,000, after sliding over 10% for the week. Ether also moved higher but remained below US$1,700.

Weekly Market Wrap: Bitcoin falls below US$26,000 following Evergrande’s bankruptcy

Bitcoin fell over 10% this week and dipped to a two-month low following Evergrande’s bankruptcy filing.

Tether stops USDT stablecoin mints on three blockchains

Tether, the issuer of the world’s largest stablecoin USDT, announced on Thursday that it will discontinue support for its flagship stablecoin, on three blockchains, Kusama, Bitcoin Cash SLP (Simple Ledger Protocol) and Omni Layer. 

XRP erases gains from Ripple’s partial victory as Bitcoin falls 10% in a week

Macroeconomic factors hit investor sentiment while a U.S. judge’s consent to SEC over its ongoing tussle with Ripple Labs affects crypto prices.

How blockchain-backed ID can lift up the lives of the unbanked masses: Opinion

Digital ID verified via blockchain can greatly expand economic opportunities for the world’s poor. But the market is fragmented and faces a rocky road of regulations, writes Tamas Kadar, CEO of SEON.

Over $1 billion in crypto market liquidations as Bitcoin hits 2-month low

Bitcoin traded at around US$26,800 on Thursday morning in Asia after hitting a two-month low of around US$25,400. Ether fell below US$1,700.

Bitcoin steady at US$28,500; Dogecoin leads market decline in Asia

Global institutional intrigue in digital currencies grows but the cryptocurrency market shows no signs of rallying.

Will Singapore steady the stablecoin ship?

Top blockchain and crypto news: Singapore steps up stablecoin rules. DeGods decline. Hong Kong’s third crypto license.

Shiba Inu’s Shibarium layer-2 solution off to a rocky start

The Shiba Inu token’s price dropped over 7% Thursday after the bumpy launch of “Shibarium,” a layer 2 scaling solution on the Ethereum blockchain.

Bitcoin dives to US$28,500; Coinbase buoyed by US futures approval; Fed minutes cast shadow over equities

Bitcoin, Ether and Top 10 crypto fell on Thursday morning in Asia. Coinbase receives futures approval.

PayPal to pause UK crypto sales from October for at least 3 months

PayPal will pause cryptocurrency sales in the United Kingdom for a minimum of three months starting October 1.

Coinbase cleared to offer crypto futures trading in the US

Coinbase, the largest cryptocurrency exchange in the U.S., has obtained regulatory approval to offer crypto futures trading services to eligible clients

Bitcoin extends losses as BNB falls after Binance closes payment service

Bitcoin extends the day’s losses but keeps above US$29,000, while Binance’s BNB drops amid exchange’s payment service closure.

Binance to shut crypto payment infrastructure as market dominance dips

Binance will shut down its cryptocurrency payment service Binance Connect on Aug. 16, a Binance spokesperson confirmed. 

Singapore unveils stablecoin regulatory framework

The Monetary Authority of Singapore unveiled a stablecoin regulatory framework on Tuesday as the city-state aims to become a global hub for the crypto industry.

TradFi has its eyes on crypto, and here’s the real reason why: Opinion

Wall Street thought crypto would be a passing fad. But more big institutions are having a change of heart, in spite of crypto’s protracted market woes.

Alotta NFTs, alotta volume

NFT data reveals a staggering 876,000 transactions across DMarket, DraftKings, Gods Unchained, and Sorare. DMarket alone boasts over 15 million NFTs. Combined, these giants account for nearly one-third of all NFT transactions.