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What’s next for Binance after $100 million BNB hack?

Top blockchain and crypto news: Binance puts brakes on BNB Chain theft. Will quantum computing kill crypto? Huobi sells up.

DPRK hackers sneak US$52 mln in crypto into S.Korean exchanges: Chainalysis

South Korean media has reported that local crypto exchanges may become a “playground” for North Korean hackers.

Binance to hard fork BNB Smart Chain amid heated debate around decentralization

The crypto world has been watching how one of the world’s largest blockchains responds to a hack last week and the questions it raises about the state of decentralization in the industry.

What is the future for cryptocurrency mixers after U.S. sanctions on Tornado Cash?

Tornado Cash, the Ethereum coin mixer slapped with sanctions by the U.S. Treasury back in August, has returned to the software hosting website GitHub amid a flurry of lawsuits against the Treasury for its action.
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Markets: Bitcoin price falls with Ether, Doge sole gainer in top 10 cryptocurrencies

Bitcoin fell but held above US$19,000 in Wednesday morning trading in Asia as the world’s leading cryptocurrency continued its month-long dalliance with that support level. Excluding stablecoins, most of the top ten cryptocurrencies by market capitalization fell, led by Solana. Dogecoin was the only token on the list to gain ground. See related article: BNB […]

Google Cloud partners Coinbase for crypto payments, data services

Coinbase, the largest cryptocurrency exchange in the U.S., has formed a strategic Web 3.0 partnership with Google Cloud, the Nasdaq-listed exchange said in a statement on Tuesday.  See related article: Coinbase gets nod from Dutch central bank to offer crypto services Fast facts As part of the partnership, Google Cloud will allow select customers to […]

European Parliament agrees on preliminary crypto regulation

The European Parliament passed a preliminary legal framework for the crypto space on Monday that aims to increase standards and requirements  for digital asset companies, ahead of a final vote expected soon.  See related article: Europe cancels AML amendment that would have forced identity verification for non-custodial wallets: report Fast facts EU lawmakers voted heavily […]

Coinhako aims to grow institutional users, introduces arm for eligible clients

Singapore-based Coinhako cryptocurrency exchange, one of a handful to have a full license to operate in the city-state, has launched “Coinhako Treasures” to offer more products that suit the needs of institutional clients, like corporates and family offices, as it seeks to grow its institutional user base.   See related article: How a market slump may […]

Crypto exchange Coinbase awarded in-principle license for Singapore

Cryptocurrency exchange Coinbase Global Inc. received a digital assets license from the Monetary Authority of Singapore, the firm announced Tuesday. See related article: Coinbase blames India’s central bank for exit Fast facts They were granted “in-principle approval” under the Payment Services Act to provide “regulated Digital Payment Token products and services” in Singapore, including “our […]

Shenzhen leads China in cross-border CBDC transactions: report

Companies in Shenzhen in mainland China made up one-third of the transaction volume in a cross-border central bank digital currency (CBDC) bridge pilot project, according to a report by Chinese media outlet 21Caijing, citing Shenzhen’s local financial authority. See related article: Australia Senator proposes regulating Chinese banks in country using e-CNY  Fast facts See related […]

Bitcoin mining difficulty hits new high after Ethereum ‘Merge’ makes space

Bitcoin mining difficulty climbed to a record high on Monday, a large part of which is attributed to Ethereum’s “Merge” upgrade freeing up more room for Bitcoin miners, according to Bloomberg. See related article: Brazil police bust crypto group led by ‘Bitcoin Sheikh’ Fast facts Bitcoin mining difficulty, a measure of the amount of work […]

Why appchains are critical to Web3’s future

What’s wrong with ‘fat protocols’ like Ethereum and Solana, and why should there be alternatives for the little guys? Yaoqi Jia of AltLayer explains.

Markets: Bitcoin price slides, Ether drops with rest of crypto top 10, XRP leads losses

Bitcoin and Ether fell along with all other top ten cryptocurrencies by market capitalization in Tuesday morning trading in Asia, with the world’s largest cryptocurrency barely holding at the support line of US$19,000, a mark it has fluctuated around for much of the past month. See related article: Markets: Bitcoin rises but remains below US$20,000; […]

Singapore eyes blockchain-based payment systems for faster cross-border transactions

The Monetary Authority of Singapore is exploring blockchain-based payments solution to solve the challenges in cross-border transactions.  See related article: Singapore warms up to crypto industry — on its own terms Fast facts The current state of cross-border payments “is slow, costly, opaque, and inefficient, relying on an archaic network of correspondent banks,” Ravi Menon, […]

WazirX wants to integrate India’s digital rupee

Cryptocurrency exchange WazirX will look to integrate India’s central bank digital currency (CBDC) “if all goes well,” vice president Rajagopal Menon told Forkast in a video interview on Monday.  See related article: RBI to begin CBDC pilots, outlines wholesale, retail concepts Fast facts “We would love to onboard the e-rupee and you can buy your […]

Markets: Bitcoin, Ether little changed; XRP rises; Hong Kong’s Hang Seng Index drops amid U.S. regulation changes

The top 10 cryptocurrencies by market capitalization saw little change on the day, with XRP leading gains with a 1.65% rise. See related articles: Markets: Bitcoin rises but remains below US$20,000; Ether gains, XRP leads crypto top 10 Fast facts Bitcoin slipped 0.02% in the past 24 hours to trade at US$19,416 at 4 p.m. […]

A bear market may be painful, but it’s good for DAOs

When times are tough, a DAO must trim fat and focus on providing a better product or service to its community, writes Redmption of Harvest Finance.

Crypto exchange Huobi Global announces advisory board

Crypto exchange Huobi Global announced the formation of a five-member global advisory board after Hong Kong-based asset management firm About Capital Management purchased a majority stake of the exchange. See related article: Huobi looks to sell stake that values exchange at US$3 bln, Bloomberg reports  Fast facts See related article: Huobi is third global exchange […]

Markets: Bitcoin rises but remains below US$20,000; Ether gains, XRP leads crypto top 10

Bitcoin has gained slightly but was still trading below US$20,000 on Monday morning in Asia, having fallen below that support line late last week after fluctuating around that level for most of the past month. Ether and the rest of the crypto top 10 by market capitalization also rose slightly, with XRP seeing by far […]

Want the next-generation internet? Start legislating for it

Web3 communities need to join forces with policymakers to draft rules for the next iteration of the online world, says Haun Ventures’ Tomicah Tillemann

RBI to begin CBDC pilots, outlines wholesale, retail concepts

The Reserve Bank of India (RBI) will soon begin to pilot the digital rupee for specific use cases, it said in a concept note on its central bank digital currency (CBDC). See related article: Sweden’s central bank to test use of retail CBDC for instant payments Fast facts India’s central bank said in the concept […]

Malaysia to get its own national public blockchain

MY E.G. Services Berhad (MYEG) and Mimos Technology Solutions Sdn Bhd (MTSSB) signed a memorandum of understanding (MOU) on Thursday to co-develop and operate Malaysia’s national blockchain infrastructure to onboard the nation’s private and public sectors to Web 3.0.  See related article: Huobi Global talking to Malaysian regulator about being put on investor alert list […]

Game Space to launch a dozen games by mid 2023, says investor Livio Weng

The former CEO of Huobi Global has jumped into the GameFi space.

Markets: Bitcoin, Ether fall with other top 10 crypto – BNB, Dogecoin lead losers

Bitcoin fell in Friday evening trading in Asia to dip below the US$20,000 support line as the top 10 cryptocurrencies by market capitalization lost ground, led by Dogecoin and BNB. See related articles: Markets: Bitcoin dips; BNB drops on chain glitch; Ether, XRP little changed Fast facts: Bitcoin lost 1.39% in the past 24 hours […]

Middle East & North Africa lead crypto adoption driven by inflation, remittance payments: Chainalysis

Emerging markets dominated the 2022 Global Crypto Adoption Index, with Latin America second in transaction volume growth.

Markets: Bitcoin dips; BNB drops on chain glitch; Ether, XRP little changed

Bitcoin dipped under the US$20,000 support line in Friday morning trading in Asia, a price it has repeatedly fluctuated around for several weeks. Ether, the second largest token by market capitalization, was little changed and up about 2% on the week. Most other coins in CoinMarketCap’s top 10 by market capitalization were flat to lower. […]

What lies ahead for crypto in India

Binance in India – potential or problem?

Binance gets nod to operate in Kazakhstan

Binance has obtained a “permanent license” to operate a digital asset platform and provide custody services at Kazakhstan’s Astana International Financial Center, the world’s largest cryptocurrency exchange announced in a blog post on Thursday. See related article: Binance targets expansion in Philippines, Turkey, executive says Fast facts The license gives Binance the status of a […]

Binance targets expansion in Philippines, Turkey, executive says

The world’s largest crypto exchange’s regional head of Asia says the Philippines’ GameFi community and rampant inflation in Turkey present opportunities for Binance.
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Ripple slams SEC’s opposition to brief motions in XRP lawsuit

Ripple Labs has spoken against the U.S. Securities and Exchange Commission’s opposition to motions from two firms that had requested to file amicus briefs in support of Ripple, in the lawsuit that the SEC filed in 2020 against Ripple. See related article: SEC opposes motions from two firms seeking to back Ripple in XRP lawsuit […]

Markets: Bitcoin, Ether prices rise; XRP leads widespread gains among top 10 crypto

Bitcoin gained in Thursday evening trading in Asia and remained above US$20,000. Ether values fluctuated in the day but eventually rallied. Of the top 10 cryptocurrencies by market capitalization, XRP led gains while stablecoins Tether and Binance USD declined on the day. See related articles: Markets: Bitcoin dips but holds above US$20,000, Ether falls, XRP […]

Software firm Spexi raises US$5.5 mln to develop Flow blockchain-based drone imagery platform

Software company Spexi has raised US$5.5 million in seed funding to create Spexigon, the world’s first crypto-powered fly-to-earn drone imagery platform based on the Flow blockchain, according to a press release on Tuesday. See related article: X-to-Earn: Eat, sleep, do almost anything for pay in crypto  Fast facts See related article: Run-to-earn protocol Stepn announces […]

Terra’s network validator DSRV Labs CEO denies prior knowledge of Terra-LUNA collapse

Validators of Terra blockchain had no knowledge of the US$60 billion collapse of Terra-LUNA prior to the crash, said South Korean blockchain infrastructure provider DSRV Labs chief Kim Ji-yun. in response to the National Assembly’s parliamentary audit on the Financial Services Commission on Thursday. See related article: Terra CEO Do Kwon to lose his passport […]

Transit Swap hacker mulls return of more funds

A hacker in the Transit Swap recent hack will consider returning more funds after Transit Swap completes the first phase of user returns, according to a message transmitted on blockchain from one of the hacker’s addresses on Thursday. See related article: Hacker returned 70% of stolen US$23M in funds: Transit Swap Fast facts See related […]

NFTs from art and the burning question of their physical origins

Original artworks are being set on fire and destroyed to be digitally reborn on the blockchain as non-fungible tokens. But, how far is too far in this recent incendiary trend?

Singapore’s central bank says illegal crypto operations will be hunted down

The Monetary Authority of Singapore (MAS) said illegal crypto-related businesses are operating in the city state and it is working with the police to identify and prosecute them. See related article: Singapore’s MAS says needs to do better job explaining crypto policy Fast facts In a reply to a Parliamentary question, Tharman Shanmugaratnam, senior minister […]

Aussie laundered stolen retirement funds via Hong Kong using crypto, diamonds

A woman in Melbourne, Australia pleaded guilty on Wednesday to her role in stealing millions of dollars from superannuation (retirement) funds and stock portfolios before laundering the proceeds via Hong Kong through the purchase of cryptocurrency and diamonds, as reported by The Age newspaper. See related article: Australian superannuation and institutions await clarity to invest […]

South Korea makes first arrest in Terra-LUNA investigation

South Korean prosecutors have arrested a Terraform Labs employee, in their first arrest under the investigation of the Terra-LUNA collapse. A bench warrant, which allows law enforcement to take suspects into custody, was issued on Wednesday for the arrested employee. See related article: Terra CEO Do Kwon to lose his passport within a month  Fast […]

Ripple Labs joins blockchain carbon credit partnership

Ripple Labs Inc., the firm whose payment network is powered by the self-described carbon-neutral cryptocurrency token XRP, has partnered with Web3 climate startup Thallo and various other companies to build a carbon credit market on the blockchain.  See related article: SEC opposes motions from two firms seeking to back Ripple in XRP lawsuit Fast facts […]

Is that bottle of ‘Grand Cru’ for real? An NFT can nose out the truth

The tradition-bound wine world is not always open to change, writes Sebastian Schier of vinID. But new technology can solve the age-old problem of wine fraud.

Markets: Bitcoin dips but holds above US$20,000, Ether falls, XRP only gainer in top 10

Bitcoin fell in Thursday morning trading in Asia but held above the US$20,000 support line. Ether also lost ground. XRP was the only token in the cryptocurrency top 10 by market capitalization to gain. See related article: Is crypto money? A South Korean court says no Fast facts Bitcoin fell 0.9% in the past 24 […]

Tornado Cash Debate – The Role of Law

Forkast Editor in Chief Angie Law spoke with some of the industry experts to talk about the implications of the Tornado Cash sanctions.

Temperatures rise over alleged Celsius withdrawals ahead of bankruptcy

Top blockchain and crypto news: Celsius founder in hot water. European bank woes cast crypto shadow. Will BSN’s Chinese roots thwart its global ambitions?

Markets: Bitcoin holds above US$20K; Dogecoin gains 7.37%; Hang Seng Index jumps 6% in Hong Kong

Bitcoin and Ether prices rose in Wednesday evening trading in Hong Kong amid widespread gains among the top 10 cryptocurrencies by market capitalization, with Cardano being the sole loser. In equity markets, Hong Kong’s Hang Seng Index rebounded from Monday’s record lows to jump 5.81%. See related articles: Markets: Bitcoin rises above US$20,000, gaining with […]

Terra cofounder Daniel Shin pulls out of S.Korean parliamentary audit, report says

Terraform Labs Pte. Ltd. cofounder Daniel Shin, or Shin Hyun-sung, has submitted a statement to South Korea’s National Assembly with reasons not to appear before lawmakers on Thursday as a witness in the Terra-LUNA meltdown, according to local news agency News1. See related article: Terraform cofounder Daniel Shin to testify in South Korean parliament Fast […]

Asus launches NFT platform to plug into Web 3.0

Taiwanese laptop maker Asus has launched a non-fungible token (NFT) platform, marking its first attempt to venture into the burgeoning Web 3.0 industry, the company announced on Tuesday.  See related article: Apple iPhone maker’s founder distances himself from crypto fraudsters using his image Fast facts Asus launched Art Black hole on Tuesday, a platform for […]

‘It raises really interesting questions’: How regulators are approaching DAOs

Panelists at Forkast’s live-streamed event ‘Crypto Rising: The Role of Law: An International Debate post Tornado Cash’ co-hosted by the Crypto Council for Innovation (CCI) said attempting to regulate DAOs highlights the shortcomings of international enforcement.

Privacy vs. security: an international debate on Tornado Cash

Panelists at Forkast’s live-streamed event ‘Crypto Rising: The Role of Law: An International Debate post Tornado Cash’ co-hosted by Crypto Council for Innovation (CCI) said the significance of the sanctions could not be understated.

Celsius cofounder, chief strategy officer resigns: report

Bankrupt crypto lender Celsius’ cofounder and chief strategy officer S. Daniel Leon has resigned, a week after the company’s CEO Alex Mashinsky stepped down, according to an internal company memo viewed by CNBC. See related article: Alex Mashinsky steps down as Celsius CEO  Fast facts The company’s previous global tax director, Lior Koren, is taking […]

Japan’s PM announces NFT and metaverse expansion

Japan’s Prime Minister Fumio Kishida announced plans to expand investments in non-fungible tokens (NFTs) and the metaverse in a policy speech on Monday. See related article: Japan plans new crypto transfer rules to combat money laundering Fast facts Kishida says the country will further its investment in digital transformation and expand the use of Web3 […]

Markets: Bitcoin rises above US$20,000, gaining with Ether and rest of crypto top 10 as U.S. equities surge

Bitcoin was trading above US$20,000 in Wednesday morning trading in Asia after struggling to break that resistance level for much of the past three weeks. The world’s largest cryptocurrency rose along with Ether and the rest of the crypto top 10 by market capitalization, with Dogecoin posting the most significant gains. See related article: Markets: […]

Markets: Bitcoin price holds above US$19,000; Ether rises, XRP biggest gainer

Bitcoin continued trading above US$19,000 in Tuesday afternoon trading in Asia, rising above US$20,000 before declining. Ether and most of the other top 10 coins by market capitalization gained. See related article: Markets: Bitcoin price rises above US$19,000, Ether and rest of crypto top 10 gain Fast facts Bitcoin rose 3.85% in the past 24 […]

Tether says commercial paper holdings now less than US$50 mln

Tether Holdings Limited, the issuer behind the world’s largest stablecoin USDT, reduced its holdings of commercial paper to less than US$50 million as of Sept. 30, according to a tweet by Tether Chief Technology Officer Paulo Ardoino. See related article: SEC fines Tether’s former auditor US$1 mln over accounting malpractice Fast facts In the tweet, Ardoino also […]

China’s international blockchain push may face Huawei-like obstacles

China spent billions on its ‘belt and road’ infrastructure network to expand trade so what are its plans for a domestic and international digital infrastructure built on blockchain?

US Treasury says Congress needs to act to mitigate crypto risk to stability

The Financial Stability Oversight Council report says the lack of clear regulations in the cryptocurrency industry could pose a risk to overall U.S. financial stability and urges congress to write up new rules of the road.

Dunamu, BTS’ Hybe launch first K-pop digital collectibles platform

Dunamu Inc., the mother company of South Korea’s largest crypto exchange Upbit, and Hybe Co., Ltd., the music agency behind K-pop mega group BTS, launched a K-pop digital collectible platform on Tuesday via their Los Angeles-based joint venture, LEVVELS Inc. See related article: Dunamu looks to K-pop group BTS NFTs to beat ‘Crypto Winter’ Fast […]

Apple CEO Tim Cook backs AR tech over the metaverse

Tim Cook, the chief executive of Apple Inc., said in a recent interview that augmented reality (AR) will become the biggest technology of the future, while he devalued metaverse and virtual reality (VR) technology. See related article: The metaverse is already here. What’s holding back the party? Fast facts “I think AR is a profound […]

How will the crypto tax debate play out in the UK?

Like many nations, the UK is formulating new rules and guidelines for crypto taxation. Will they help or hinder its crypto hub aspirations?

Markets: Bitcoin price rises above US$19,000, Ether and rest of crypto top 10 gain

Bitcoin rose above US$19,000 in Tuesday morning trading in Asia, with Ether and the rest of the top 10 cryptocurrencies by market capitalization gaining. The moves reflected strong gains in U.S. equity indexes on Monday after rounding out September with significant losses. See related article: Markets: Bitcoin price falls below US$19,000, XRP down, BNB only […]

SEC fines Kim Kardashian US$1.26 mln for promoting EthereumMax

Reality TV star Kim Kardashian has been fined US$1.26 million by the U.S. Securities and Exchange Commission (SEC) for promoting EthereumMax (EMAX) tokens on her Instagram account without disclosing the US$250,000 payment she received for the endorsement. See related article: Bollywood megastar Amitabh Bachchan ponies up tax on NFT sale Fast facts The SEC said […]

Bitcoin miner reserves hit lowest level since Feb 2010

Bitcoin miner reserves are at their lowest level since February 2010, showing miners offloading their holdings, according to data from IntoTheBlock. See related article: Bitcoin mining difficulty drops 2% after reaching all-time high in last adjustment Fast facts There were 1,908,672 BTC in miners’ reserves on Friday, down from 2,030,434 BTC at the end of […]

3 reasons crypto will spring back after Crypto Winter

The crypto market has been down for months, but the industry’s long-term future is brighter than ever, writes Guilhem Chaumont of Flowdesk. Here’s why.

Apes still rule among the bears: NFT market falls for fifth straight month

‘Crypto Winter’ has touched all elements of the crypto market, and non-fungible tokens are no different.

Celsius ex-CEO withdrew US$10 mln before freeze on client accounts: FT reports

Alex Mashinsky, who resigned as chief executive officer of Celsius on Sept. 27, reportedly withdrew US$10 million from the crypto exchange in May, weeks before it filed for bankruptcy and froze withdrawals in June, according to the Financial Times. See related article: Celsius on thin ice well before its bankruptcy: CNBC report Fast facts A […]

Hacker has returned 70% of stolen US$23 mln in funds: Transit Swap

Cross-chain DEX (decentralized exchange) aggregator Transit Swap was exploited, resulting in US$23 million lost funds, crypto auditor SlowMist said on Sunday. The hacker has returned 70% of the stolen funds, Transit Swap said on the same day. See related article: Nomad’s US$200 million hack; Saylor steps down  Fast facts See related article: Why blockchain bridges […]

Markets: Bitcoin price falls below US$19,000, XRP down, BNB only gainer in crypto top 10

Bitcoin was back under US$19,000 in Monday morning trading in Asia, a level it has fluctuated around for most of the past two weeks, boxed in by global macroeconomic concerns that have also hit equity markets. Ether also fell. BNB was the only gainer among the top 10 cryptocurrencies by market capitalization. See related article: […]

Instagram, Facebook users in 100 countries can crosspost NFTs: Meta

Instagram and Facebook users in 100 countries can start sharing and crossposting their non-fungible tokens (NFTs) between the two platforms, Meta announced on Thursday.  See related article: China’s ‘Instagram’ gets into virtual fashion with users strutting NFT clothes Fast facts Meta, the operator of the two social media platforms, said the feature is available to […]

Binance sets up shop in New Zealand in global push

Binance, the world’s largest cryptocurrency exchange, has launched a local branch in New Zealand after becoming a registered financial service provider, Chief Executive Officer Changpeng Zhao announced on Friday. See related article: Binance taps ex-U.S. senator Max Baucus to chair global advisory board Fast facts “New Zealand is an exciting market with a strong history of […]

Terraform cofounder Daniel Shin to testify in South Korean parliament

South Korea’s National Assembly intends to get to the bottom of the Terra-LUNA debacle in its next audit in October along with several other issues surrounding the local crypto industry.

Tokenize plans acquisitions, fund raising to build exchange network

As the crypto slump drives job cuts and worse, some exchanges are seeing opportunity for expansion in the downturn, call it the fortune-favors-the-brave mantra.

SBF wanted to join Elon Musk Twitter deal, private text messages show

Sam Bankman-Fried, the American crypto entrepreneur, billionaire and investor, considered joining Musk’s bid to buy social media giant Twitter, leaked private messages reveal.

Crypto wallet Metamask unveils all-in-one digital asset portfolio dApp

Global digital asset wallet Metamask recently launched a beta version of its new decentralized application (dApp) that would serve as a “one-stop shop” for managing crypto and non-fungible token (NFT) portfolios on different platforms. See related article: As “The Merge” succeeds, rival ETHPoW fork falters Fast facts “Portfolio DApp,” available to extension and mobile users, […]