South Korea indicates fugitive Do Kwon’s passport still valid; his location unknown

Kwon has been issued with an Interpol “red notice” requesting his extradition on charges brought by South Korea related to the implosion of the Terra Luna cryptocurrency project he founded

Aptos rollout faulted for slow processing speeds; native token plunges

The blockchain network was built by former members of the Meta stablecoin project, with well-known investors and considerable buzz as the new ‘Solana killer.’

EU targets Bitcoin with energy efficiency labeling for crypto

This isn’t the first time the bloc has examined cracking down on Bitcoin mining, and it comes amid a growing push from regulators to examine the industry’s carbon footprint.

Coinbase mulls lawsuit against users who made millions from pricing error

“No finders keepers’ law”: Coinbase considers legal action against some 1,000 users in east Europe’s Georgia who took advantage of a pricing glitch on the platform.

One country, two systems? Hong Kong seems set to diverge from China on digital assets

Hong Kong seems set to put out a new welcome mat for the blockchain and crypto industries, but will it work after concern about regulatory restrictions convinced many cryptocurrency operators to leave?
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Why the crypto bear market can be a bull for innovation

The market may be in the doldrums, but there’s no better time to clean house and build for the future, writes Clayton Roche of UMA. Here are 5 areas of opportunity.

Ethereum supply would have grown by 350,000 tokens under PoW

A recent token launch on Ethereum pushed the network into a deflationary state and the blockchain’s shift to PoS may lower supply even further.

Crypto hackers on track for bonanza year as theft surges, Chainalysis says

Decentralized finance sites are the preferred choice of hackers as crypto heists look to be on course to hit a record high this year.

India’s crypto taxes provide headache for many, opportunity for some

One company says it’s bringing solutions for confused investors in digital assets in India who grapple with hours of tax calculations.

‘High risk’ crypto activity most prevalent in Eastern Europe amid Russia-Ukraine war: Chainalysis

‘Risky or illicit’ transactions represent the highest rate of any region measured by the blockchain analytics firm.

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.

China shuts 13 underground crypto trading apps, a year after ban

Regulators also targeted 23 crypto media websites and 440 bloggers.

BNB Chain back online after devs deploy update to save funds

Through quick identification and cooperation of network validators, most funds were saved in last week’s BNB Chain exploit.

Brazil police bust crypto group led by ‘Bitcoin Sheikh’

Gold bars, cash, jewelry, cars and luxury watches bought with defrauded funds are seized.

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

S.Korea’s parliament audit on Terra-LUNA falls short of expectations

The National Assembly wanted to get to the bottom of the Terra-LUNA collapse on Thursday. At the end of a long and speech-filled day, lawmakers left empty-handed.

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.

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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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?

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?

Is crypto money? A South Korean court says no

The country’s judiciary says Bitcoin loans not affected by interest limitation act, as crypto is not ‘money’

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.

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.

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?

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.

FastForkast headlines

Crypto bank Nuri to shut down, asks customers to withdraw funds

‘Hacktober’ continues with US$1 mln taken from BitKeep token swap service

Markets: Bitcoin, Ether fall as EU considers crackdown on energy-intensive crypto mining

Mastercard to let banks offer crypto services to clients

India wants global, tech-driven regulatory framework for crypto

Markets: Bitcoin rises as Ether leads gains in crypto top 10

Bitcoin fans pitch Satoshi Nakamoto for Nobel Prize in Economics

Bitcoin drops 3% as U.S. inflation rises 0.4% in September

Crypto.com to invest US$145 mln in France as base for European operations

Tianjin boosts electricity rates to further punish underground crypto mining

Coin Center files lawsuit over Tornado Cash sanctions, defends crypto privacy rights

Binance says BSC hard fork successful after hack

Markets: Bitcoin, Ether prices rise; BNB little changed following BSC hard fork

Blockchain.com granted in-principle approval for Singapore license

Indian investors allegedly duped in crypto cloud mining scam

Judge grants amicus requests to support Ripple in lawsuit with SEC

BSC to hard fork on Wednesday after US$100 mln exploit

Are NFTs securities? Bored Ape creator Yuga Labs faces SEC probe

BNY Mellon, largest custodian bank, starts Bitcoin, Ether custody services

Markets: Bitcoin price falls with Ether, Doge sole gainer in top 10 cryptocurrencies

Google Cloud partners Coinbase for crypto payments, data services

Top Ethereum gas guzzler XEN Crypto is crunching ETH supply

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

Crypto exchange Coinbase awarded in-principle license for Singapore

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

UAE crypto market expected to grow 10-fold: report

WazirX wants to integrate India’s digital rupee

Crypto exchange Huobi Global announces advisory board

Apparel, luxury goods industry has most brands launching NFTs

Arrested Terra employee, Do Kwon associate, released from custody amid S. Korea Terra-LUNA probe

EU Council approves MiCA text for crypto regulation

Binance gets nod to operate in Kazakhstan

South Korea’s Dunamu CEO blames weak regulation for Terra-LUNA aftermath

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

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

South Korea makes first arrest in Terra-LUNA investigation

S.Korea gov’t failed, special prosecutor needed on Terra-LUNA, lawmaker says

Ripple Labs joins blockchain carbon credit partnership

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

SEC opposes motions from two firms seeking to back Ripple in XRP lawsuit

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

Mastercard launches crypto exchange risk assessment tool

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

Markets: Bitcoin, Ether slip; XRP slumps; Hang Seng Index touches 11-year low in Hong Kong