Filecoin on a tear as cautious optimism returns to crypto markets

Top blockchain and crypto news: Filecoin leads in market uptick. CryptoPunks in new glow as Tiffany jewelry. Chinese firms flock to Singapore.

Nomad’s US$200 million hack; Saylor steps down

Nomad loses US$200 million after over 300 suspected of participating in the hack. Meanwhile, Michael Saylor moves from CEO to Chairman of Microstrategy.

Chinese mining rig maker Canaan says global expansion on track despite ‘crypto winter’

Beijing’s drive to stamp out crypto mining and the slump in crypto prices are headwinds that Canaan says it knows how to deal with, adding that the crypto winter may be shorter than expected.

Flippening ahead?; NFT sales fall again

Is the flippening coming soon? And NFT sales drop 25% in July as the crypto winter continues.

Recovering crypto from insolvent companies may be easier than you think

A stolen painting may be lost forever, but a fraudulent Bitcoin transaction — with these legal strategies and tracing tools — can lead right to the criminal.
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ETH merge delay concerns; Buterin’s clown call

The ETH2 merge could once again be delayed. Meanwhile, Vitalik Buterin calls Michael Saylor “a total clown”.

Bitcoin back above US$23,000; Ethereum on a tear

Bitcoin and Ethereum see significant gains in spite of Fed rate hike. Meanwhile, Dubai Police announces NFT launch.

Bad actors in North Korea, Russia send record-high funds to crypto mixers

A new report by Chainalysis shows that sanctioned actors, especially in North Korea and Russia, are sending record sums to crypto mixers.

Why DeFi remains attractive to institutions in a bear market

Despite the bleak macro outlook, more institutions are looking to gain exposure to the DeFi sector, writes Robert Alcorn of Clearpool. Here’s why.

IMF warning shrugged off; US stablecoin bill race

The crypto market shrugs off IMF’s predicted recession risk. Also, U.S lawmakers racing to introduce the stablecoin bill.

Voyager gives Sam Bankman-Fried’s ‘low-ball’ bailout offer a single digit

Top blockchain and crypto news: SBF’s Voyager rescue deal spurned. Tesla pulls U-turn with BTC sale. Tencent cuts local NFT staff as it looks abroad.

Scarred by Terra-LUNA, South Korea moves ahead with digital asset reform

Aiming to uncover the next “BTS in finance,” Chairman Kim Joo-hyun of the Korean Financial Services Commission (FSC) is calling for “bold reforms” in financial regulations, including in crypto assets.

Fed nerves hit crypto; Philippines crypto tax pushed

Crypto prices fall ahead of the Fed meeting. Meanwhile, the Philippines pushes for a crypto tax.

What is the crypto industry’s public responsibility?

The crypto world is consumed by a spiritual battle between its believers and haters, and it is in need of a rebirth and new identity, writes Prof. Yanto Chandra of Hong Kong Polytechnic University.

Market bottom being tested?; Zipmex in buyout talks.

Silvergate issues warnings about the crypto winter. Meanwhile, Zipmex considers a buyout by FTX and Alameda Research.

Mind the gap: Fixing the female deficit in Web 3.0

Despite some recent progress, the Web 3.0 industry is still coming up short on women’s participation, says NEAR Foundation chief Marieke Flament

BSP says no crypto ban; Rehab for crypto addicts

Philippine BSP governor denies plans on banning crypto. Meanwhile, a former Coinbase employee has been arrested for insider trading.

Philippine central bank governor says no plan to ban crypto

New Bangko Sentral ng Pilipinas Governor Felipe Medalla is no fan of crypto, but in an exclusive interview with Forkast, he said there’s no plan to outlaw the digital asset.

Tesla’s Bitcoin bump; Zipmex freezes withdrawals

Bitcoin drops after Tesla sells 75% of its bitcoin holdings. Meanwhile, South Korean authorities raid 15 companies as part of their Terra Luna investigations.

Celsius on thin ice well before its bankruptcy: CNBC report

Former Celsius employees allege the firm failed to ensure proper risk management and traded customer funds without proper approvals.

How crypto trading can become a life-consuming addiction

Residential rehabilitation centers around the world are starting to see a new kind of patient with an old problem: gambling addiction focused on crypto trading.

3AC founders moved money out of troubled hedge fund, allege liquidators

Court filings in Singapore by the lawyers appointed by Three Arrow Capital’s creditors allege money was being moved out of the troubled crypto hedge fund into a company controlled by its founders.

Celsius bankruptcy deepens chill over crypto sector

Top blockchain and crypto news: Celsius plunges into Chapter 11. Otherside’s promised land. Mixed picture for Chinese NFTs.

Bitcoin’s real role examined; 3AC’s complex ties revealed

A report says Bitcoin users are looking beyond investment. Meanwhile, court document reveals strong ties between 3AC and TPS Capital.

FastForkast headlines

India questions Binance-backed WazirX on foreign exchange violations

Seed-phrase leak from crypto wallet Slope prompts Solana hack

Philippines’ SEC warns public not to invest with Binance

Singapore-based Bitcoin miner scales back Kazakhstan project

S.Korea’s Hashed plans new VC fund round after losing US$3.6B in Terra LUNA

Solana blames Slope for exploit

Binance cofounder Yi He to head US$7.5B VC arm Binance Labs

Gucci begins accepting BAYC-tied token ApeCoin as payment

CBDCs better poised for cross-border payments than Bitcoin, stablecoins: ECB study

Bitcoin falls in market downtrend, ETH treads water, ETC and CRO edge up

Bitcoin, Ethereum fall in Tuesday evening trade in Asia

Singapore court gives Vauld parent three-month protection from creditors

Binance spent over US$1B on compliance, founder Changpeng Zhao says

ETH crosses Bitcoin in options market for first time in history

Chiliz CHZ jumps 25% on Socios, FC Barcelona partnership

Digital Treasures Center latest to win Singapore’s crypto license

Bitcoin, Ether edge lower in Asian trading, Dogecoin ends July with gains

KuCoin ETFs to allow NFT purchase with USDT instead of ETH  

Vitalik Buterin calls MicroStrategy’s Michael Saylor a ‘total clown’

Apple iPhone maker’s founder distances himself from crypto fraudsters using his image

Bitcoin, Ether rally continues in Friday afternoon trading in Asia

Amid Ripple XRP, Coinbase wrangles, Gary Gensler flexes SEC muscle

Komainu latest to get Dubai’s approval to operate

Terra allegedly ramped up its numbers with insider trading: report

Harmony’s compensation plan upsets hack victims

Immutable lays off 6% of workforce

Ethereum price surges amid bounceback, tenth shadow fork going live

Tether says USDT reserves have no Chinese commercial paper

US stablecoin bill draft may be released this week: report

S.Korea slaps ‘notification upon arrival’ on Terra’s Do Kwon

Crypto exchange Bullish’s 2Q average daily volume rises 3-fold on the quarter

Crypto exchange Kraken reportedly under investigation for Iran sanctions breach

IMF says crypto crash hasn’t quite harmed broader financial system

KuCoin dismisses rumors, eyes India for growth: report

Binance’s Changpeng Zhao sues Bloomberg publisher in HK

SEC says 9 out of 25 assets in crypto insider trading case are securities

Japanese bank SMBC plans to develop NFT business

FTX said to be in talks to acquire S. Korea crypto exchange Bithumb

DeFi TVL plunged 67% in Q2

South Korean prosecutors said to have raided Terra cofounder Shin’s residence

Thai SEC seeks additional clarification from Zipmex

Former Coinbase manager arrested on insider trading charges

Taiwan says credit cards can’t be used to buy crypto

Kakao’s Ground X forms business alliance to expand NFT use cases, services

Bitcoin falls as Tesla announces it sold 75% of BTC holdings

India won’t offer respite from steep crypto taxes

S.Korea prosecutors raid crypto exchanges as part of Terra-LUNA investigation

Crypto exchange Zipmex freezes withdrawals