For South Korea, making Do Kwon pay for his alleged crimes easier said than done

A member of the prosecuting team tells Forkast additional charges are likely to be leveled against Terraform Labs Chief Executive Officer Do Kwon following this week’s issuance of an arrest warrant for violating the country’s Capital Markets Act.

Terra CEO Do Kwon faces ‘illegal alien’ status in Singapore as Seoul cancels passport

Prosecutors investigating the man behind the US$37 billion wipeout of the Terra-LUNA cryptocurrency project are raising the stakes to get him back to South Korea.

SEC’s Gensler says proof-of-stake cryptocurrencies may be securities

When is a cryptocurrency a security and when is it not? Financial regulators around the world are raising that question. The answer that comes out of the U.S. may set the tone, but South Korea is also ahead in tackling it.

Merge finally arrives; India’s female traders

Welcome to The Daily Forkast – September 15, 2022 – presented by Megha Chaddah. Coming up on today’s show: Ethereum’s Merge is complete. Indian women start to plug into cryptocurrency trading. And finally, can the crypto world shrug off carbon footprint concerns? We’ll have more on those stories — and other news shaping the cryptocurrency […]

Asia dominates Chainalysis’ 2022 crypto adoption index, China returns to top 10

APAC is leading in crypto use and adoption, according to a new report from U.S. blockchain analysis firm Chainalysis released on Wednesday, with China returning to the report’s top 10 countries for crypto adoption after it fell out of the list last year. APAC accounted for six of the top 10 countries in the index. […]

Ethereum says Merge upgrade successfully completed, more to come

The Merge is a milestone in slashing electricity use on the Ethereum blockchain, but there are plenty more upgrades in the pipeline.

Fed vs The Merge; Crypto regulation conversations

Welcome to The Daily Forkast – September 14, 2022 – presented by Megha Chaddah. Coming up on today’s show: Will the Merge solve the market’s woes? Regulators paying heed to crypto. We’ll have more on those stories — and other news shaping the cryptocurrency and blockchain world — in this episode of The Daily Forkast […]

Binance launches Ethereum staking ahead of Merge upgrade

Top blockchain and crypto news: Binance bets on Ethereum Merge. What does Terra’s sudden resurgence mean? China seeks to expand e-CNY ecosystem.

China’s two systems for crypto: Trading is banned, but virtual assets can be protected

In a decision involving Litecoin, a Chinese court says there are no rules ‘that negate the protectability of cryptocurrency itself as virtual property.’

NFT double disruption?; Web3 women celebrated

The NEAR foundation, in partnership with Forkast, has announced the Women in Web3 winners.

All aboard the good ship Ethereum for The Merge. Next stop? 

The most critical upgrade in Ethereum’s history is just around the corner, so what will it mean for prices of cryptocurrency?

US raises red flag on crypto mining with concerns over carbon emissions

White House says carbon footprint of crypto industry does not align with goals to decarbonize the economy.

The Ethereum Merge approaches; Building better systems

The Bellatrix upgrade for Ethereum is now live, but what should we be expecting as the merge comes closer?

China’s non-crypto blockchain

China’s BSN pushes use of its Spartan Network – a non-crypto blockchain – outside of China.

Binance pushes out USDC in aggressive move to boost its own stablecoin

Top blockchain and crypto news: USDC gets the boot from Binance. MicroStrategy looks for Lightning strikes. STEPN heads to Hong Kong.

China has seen blockchain’s future and it doesn’t include cryptocurrencies

China’s Blockchain-based Service Network wears two hats in building blockchains: one for business in China and one for everywhere else, but it doesn’t see a role for crypto in either.

Crypto could pose ‘major’ risk to S.Korea’s financial stability, think tank says

The country’s growing ties to crypto could expose its financial sector to volatility and ‘damage its credibility,’ a researcher says.

World Economic Forum argues for CBDCs, Australia latest to test use-case technology

With over 100 countries experimenting with the technology behind Central Bank Digital Currencies, the World Economic Forum of Davos fame lays out its views on the potential benefits and drawbacks of CBDCs.

Binance halts USDC support; Inflation hits crypto

Binance puts it’s own stablecoin, BUSD, at the forefront. Meanwhile, inflation casts its own shadow across the crypto.

Binance move to remove USDC and others raise questions about market conduct

The world’s largest cryptocurrency exchange said the move was designed to “enhance liquidity and capital-efficiency for users.” 

Why play-to-earn gaming is losing steam and where GameFi must go next

Axie Infinity’s decline shows that earning can’t be everything, writes Riaz Lalani of Gambit Games. What went wrong with P2E and what can we learn from it?

Where will DeFi be after crypto winter ends?

The collapse of Celsius and Anchor wasn’t a failure of DeFi, writes Kaaran Kalantari of WingRiders. They failed to assess risk, and crypto Darwinism took shape.

India crypto exchanges plan long-term future as day traders flee 

In facing a government hostile to cryptocurrency trading, Indian exchanges are trying to attract new business with suites of different investment products.

Blockchain unchained: How crypto can empower women

How can blockchain help women gain financial independence? And how can female participation be boosted? Social entrepreneur Wendy Diamond explains

PoW fork supported?; Making DeFi better

We take a look at how the Ethereum PoW fork has gained crypto exchange backings in this episode of The Daily Forkast.

South Korea’s taxman keeps circling crypto – airdrops look to be the next target

South Korea last week said crypto token airdrops are subject to a gift tax of as much as 50% under existing laws, but what is the likelihood this rule can be applied to digital holdings?

FastForkast headlines

Binance makes additional investment in Mo Shaikh’s blockchain startup Aptos

Markets: Bitcoin price holds under US$20,000; Ether falls nearly 10%

As “The Merge” succeeds, rival ETHPoW fork falters

S.Korea finance regulator: crypto can be subject to capital markets law

Markets: Bitcoin dips below US$20,000; Ether, ETC fall post-Merge

Singapore grants capital markets license to SBI’s digital asset arm

Thailand bans crypto lending and staking services

CEL price rallies to US$4.26 during Ethereum’s Merge

Markets: Prices rise as Ethereum Merge boosts ETH, linked tokens

Markets: Bitcoin, Ether slide, crypto market cap drops under US$1 trillion

South Korea issues arrest warrant for Terraform Labs CEO Do Kwon

Bitcoin mining difficulty reaches all-time high, up 3.5% in latest adjustment

Huobi becomes third global exchange to sign with S.Korea’s Busan city

Bitcoin drops 4% after U.S. August CPI rises 0.1% from July

Filecoin service provider RRMine leaves China for Singapore

Argentinian tax agency conducts first-ever raids on illegal crypto mining farms

Crypto Fraud and Asset Recovery Network in U.K. launches Hong Kong chapter

Singapore central bank says data on crypto holdings by general public not available

Huobi to delist ‘privacy tokens’ including Monero, citing regulatory pressure

Ripple opposes SEC request to seal expert witness identities in XRP lawsuit

Fidelity considers Bitcoin trading on brokerage platform: WSJ

Central banks of France, Nigeria latest to join Hyperledger Foundation

SEC to open digital asset office as it cranks up regulatory scrutiny of cryptocurrencies

Markets: Bitcoin back above US$20,000, Ether rallies, Solana leads gains in Top 10

US$30 mln seized from North Korea hacking group: report

Elon Musk Dogecoin lawsuit heats up with new parties joining

Crypto lender Nexo introduces spot, futures trading

Thai regulator files police complaint against Zipmex for non-compliance

FTX partnership boosts GameStop despite mixed quarterly results

SEBA Bank launches Ethereum staking services as ‘Merge’ nears

Markets: Bitcoin stays under US$19,000, Ether biggest loser among top 10 crypto

RBI asks 4 state-run banks to test digital rupee, in talks with fintech: report

Crypto exchange Bybit barred from brokering securities in Brazil

Indian police arrest alleged crypto trickster in US$31 mln scam: report

Australia establishes federal crypto police unit

Singapore’s DBS commits to crypto offerings despite slump: report

Poolin pauses withdrawals from Pool Accounts, admits liquidity issues

New hire in Saudi Central Bank to work on crypto regulations: report

Anti-crypto U.S. congressman says too much power, money prevent all-out ban

Markets: Bitcoin, Ether edge up; Cardano, Solana lead gains in crypto top 10

Thailand mandates warnings on crypto ads

Binance chief Changpeng Zhao reiterates Binance not a Chinese company

Binance says it complies with regulators following US anti-money laundering probe report

Crypto lender Celsius to return US$50 mln to locked out users

Bitcoin fluctuates, Ether gains, MATIC jumps on Robinhood inclusion

BABL tanks 92% after Babylon Finance announces shut down