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CityCoins announces debut of NYCCoin

Before the crypto-enthusiastic mayor-elect has been sworn in, a grassroots effort announces it will launch a Bitcoin-backed token to support the city.

Mastercard joins Amber Group, Bitkub and CoinJar to launch crypto payment cards

Mastercard has partnered with three crypto companies in Asia Pacific — Hong Kong-based Amber Group, Bitkub in Thailand, and CoinJar in Australia — to launch crypto-funded payment cards, according to a Nov. 8 media statement. Fast facts The three companies are the first APAC-based cryptocurrency platforms to join Mastercard’s global Crypto Card Program, which enables […]

Ethereum hits new all-time high; S Korea says NFTs not virtual assets

Ethereum hits new all-time high meanwhile South Korea says NFTs not virtual assets

Huobi migrates spot trading services to regulated entity in Gibraltar

Cryptocurrency exchange Huobi Global, which obtained a distributed ledger technology license from the Gibraltar Financial Services Commission in 2018, will be migrating its spot trading services to the regulated entity in Gibraltar (“Huobi Gibraltar”), the company announced today. Fast facts Huobi has received approval from the Gibraltar Financial Services Commission to migrate its cryptocurrency spot […]

Chinese edtech company pivots to crypto mining amid China’s clampdown on tutoring

As China continues to crack down on the private tutoring sector, one education-tech company has decided to pivot into blockchain and cryptocurrency mining. Fast facts Nasdaq-listed Meten Holding Group, which officially changed its name from Meten EdtechX Education Group in August, has moved forward with plan for the new business venture in the crypto world, […]

Ethereum sets new all-time price high as crypto market cap nears $3 trillion

Ethereum reached a new all-time price high of US$4,766 earlier today, flying past its previous all-time high record of US$4,634 set five days ago, according to CoinGecko data. Fast facts The world’s second-largest cryptocurrency by market value has been on a record run since late last month. On Oct. 28, Ethereum’s price climbed to US$4,416 for the first time. The […]
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Solana Ventures, Lightspeed Venture Partners and FTX partner to invest $100M in Web3 gaming

Solana Ventures, Lightspeed Venture Partners and cryptocurrency exchange FTX today announced that they are partnering to invest US$100 million on gaming studios and projects building on the Solana blockchain. Fast facts “Gaming has a massive opportunity to bring the next billion users to Web3,” said Amy Wu, partner at Lightspeed Venture Partners, in a statement. […]

Canaan sues over patent infringement; PayTM considers crypto services

Canaan sues over patent infringement also, PayTM considers crypto services

What Solana prices will be at the end of 2021 and beyond

As Solana surges to new all-time highs, 50 fintech experts surveyed by Finder offer predictions on SOL’s price outlook for the end of the year and longer-term.

Is 2021 the year of crypto’s coming of age?

Blockdata co-founder Jonathan Knegtel thinks so. Almost a teenager, Bitcoin is reaching a level of maturity that’s defying the predictions of its critics.

Crypto mining rig maker Canaan sues two Chinese tech companies over patent infringement

Canaan is seeking $14 million in alleged losses from Shenzhen HighSharp Electronic Technology and Sichuan Yinbimei Technology.

Fashion, art, games and community: What does a decentralized metaverse mean for you?

The idea of the metaverse has gone from the realm of science fiction to the latest business model of major companies from Facebook to Nike. What do metaverses powered by blockchain look like, and why is there so much interest in Decentraland?

Neobank Revolut looks to build its own crypto exchange

London-headquartered fintech startup Revolut is looking to build its own crypto exchange, according to a new job posting. Fast facts The selected candidate will lead neobank Revolut’s “technical team to architect and build Revolut Crypto exchange,” the job posting says. The candidate will need experience in building order matching engines, like those used on crypto […]

Miami and NYC leaders vie for crypto-mayor title

The bell has rung on the friendly, post-Election Day competition between leaders of two major American cities for who will be the crypto-friendliest mayor of all.

What is the Solana ecosystem and how is it fueling SOL’s stratospheric rise?

Solana prices keep cresting to new heights, making SOL a top-five cryptocurrency by size. What makes Solana and its ecosystem stand out? Forkast.News explains.

Aleph.im launches Serum Markets to provide DeFi trading data on Solana

Project Serum, a decentralized exchange on the Solana blockchain, has seen its total value locked (TVL) more than double over the past month to US$2.468 billion, according to data from a new Serum Markets Analytics dashboard launched today. Fast facts Solana — a high performance blockchain and alternative to Ethereum — has been gaining ground […]

South Korea presidential candidate mulls a virtual assets government unit

Lee Jae-myung, the ruling Democratic Party’s candidate for the upcoming presidential election in South Korea, may include in his election pledges setting up a government sector dedicated to supervising the virtual asset industry. Fast facts It is reported that Lee is considering including a plan in his presidential campaign to set up a unit similar […]

How DeFi regulation can propel the next economic revolution

DeFi is here to stay, but regulations are still lacking. Jason Blick of EQIBank explores the challenges and how authorities can move forward.

e-CNY scam investigated; S Korea gets metaverse bug

e-CNY scam investigated meanwhile S Korea gets metaverse bug

Hong Kong Fintech Week’s live comeback talks digital renminbi and DeFi

One of Asia’s largest fintech events returns for its sixth year with a hybrid format of live and virtual sessions. Regulators, corporations and experts share what’s important now in crypto.

ETH and SOL hit all-time highs; CBA to offer crypto services

ETH and SOL hit all-time highs as well as CBA offers crypto services

Huobi to give away ticket to space as part of 8th-year celebration

Blockchain technology company Huobi Group is celebrating its 8th-year anniversary with a slew of events and giveaways — including a space trip “to the outer perimeters of Earth” — and a focus on expanding its global footprint, according to a company announcement. Fast facts Founded in 2013 in China, Huobi has made global expansion a priority […]

Dogecoin, Shiba Inu are becoming crypto alpha dogs in India

Dogecoin and Shiba Inu are gaining massive traction and ranking among the top five traded cryptocurrencies on Indian exchanges. Fast facts Dogecoin contributed 13.76% to the overall trading volume of CoinSwitch Kuber, which claims to be the largest Indian crypto exchange with over 10 million customers, over the last six months, according to a report […]

Wrapped XRP coming to Ethereum in December

Wrapped XRP (wXRP) will be supported on the Ethereum blockchain from December, according to an Oct. 31 announcement by Wrapped.com, a cross-chain wrapped assets provider. Fast facts Wrapped XRP will be backed 1:1 with XRP — the native cryptocurrency of the XRP Ledger (XRPL) — and held in custody with Hong Kong-based licensed digital asset […]

Ethereum, Solana, Polkadot climb to new all-time price highs in altcoin rally

Ethereum crosses the $4,600 mark for the first time and Solana overtakes Cardano as the fifth-largest cryptocurrency by market value.

Commonwealth Bank first in Australia to offer crypto trading

Amid debate in Australia surrounding the banking sector’s relationship with cryptocurrency, the country’s largest bank, Commonwealth Bank, will soon be allowing customers to buy, sell and hold crypto assets directly through its app — making it the first bank in the country to do so. Fast facts Partnering with leading global crypto exchange and custodian […]

CME expands crypto derivatives offerings with Micro Ether futures

The Chicago Mercantile Exchange is going to expand its crypto derivatives offerings and launch Micro Ether futures on Dec. 6, pending regulatory review. Fast facts Micro Ether futures will be sized at 1/10th of one Ether, allowing access to a wide range of investors amid surging Ether prices, according to a press release. Ether reached […]

Thailand’s oldest bank acquires majority stake in crypto exchange Bitkub

Thailand’s oldest bank, Siam Commercial Bank, has acquired a majority stake in the country’s largest crypto exchange Bitkub. Fast facts Siam Commercial Bank Securities, a subsidiary of SCB, has purchased 51% stake in Bitkub for approximately US$535.6 million, according to an announcement on Tuesday. The transaction is expected to be completed by the first quarter […]

US$66 billion at stake but only mild interest in Bitcoin trial

The outcome of a Miami civil trial may uncover who Bitcoin creator Satoshi Nakamoto really was, and who owns his rumored US$66 billion in Bitcoin.

Squid Game crypto rug pull: investors meet deadly ending

It’s a red light for those who bought the controversial token inspired by the Netflix mega-series Squid Game, as its developers appear to have cashed out their investments, leaving SQUID’s price to plunge 99.99%.

BXH suffers US$130 million exploit; Squid game token meets deadly end

BXH suffers US$130 million exploit, also Squid game token meets deadly end

The Sandbox NFT metaverse platform raises $93M in Series B led by SoftBank

Sebastien Borget, COO and co-founder of The Sandbox tells Forkast.News how NFTs and an open and decentralized metaverse is transforming the way we live, work and play.

Bitcoin mining difficulty recovers to May level

Bitcoin miners saw another mining difficulty adjustment on Monday, with an increase of 7.85%, recovering to the level recorded in May, according to data from BTC.com. Fast facts The mining difficulty level is now at 21.66 trillion at block height 707,616, reflecting the most difficult level since a previous adjustment on May 13, the data show. The latest […]

Institutional inflows into crypto year-to-date 30% higher than 2020 total

Cryptocurrency investment products saw inflows of US$288 million last week, with total inflows year-to-date at a record of US$8.7 billion — 30% higher than the total for 2020, according to digital asset manager CoinShares. Fast facts Bitcoin continued to lead with institutional inflows of US$269 million last week, albeit at a significantly lower level compared […]

DOT hits new all-time high with Polkadot parachain auctions imminent

DOT, the native cryptocurrency of the Polkadot blockchain network, crossed the US$50 mark for the first time on Nov. 1 and reached a new all-time high (ATH) of US$50.87, surpassing its previous peak of US$48.73 in May, according to CoinGecko data. DOT, currently the 8th-largest cryptocurrency by market value, was trading at US$48.69 as of […]

Hong Kong’s CMCC seeks to raise $300 million crypto fund

CMCC Global, a venture capital firm based in Hong Kong, is targeting US$300 million worth of assets in its latest crypto fund, according to Bloomberg. Fast facts Since being launched in April, CMCC’s fourth digital asset fund has gathered assets close to an estimated value of US$90 million with a goal to reach the US$300 […]

Tech giants vow to resist NFT hype; Squid token under scrutiny

China’s tech cut ties to NFTs as Squid Game token leaves users questioning its legitimacy.

Ant Group, JD.com, Tencent pledge to resist speculation of ‘digital collectibles’

Ant Group and Tencent recently rebranded NFT projects as digital collectibles amid China state media criticism.

Why blockchain is the operating system of the digital age

Blockchain has achieved platform status, writes Don Tapscott of Blockchain Research Institute. Get ready for the ‘trivergence’ that will shake up the world.

Can Axie Infinity go the distance?

The darling of the play-to-earn gaming world had an explosive start but now struggles with deflation and lower player earnings. Is the play-to-earn model sustainable?

China’s prefecture-level city Ganzhou cracks down on crypto activities

More local governments in China are taking actions to crack down on cryptocurrency mining and trading, with Ganzhou, a prefecture-level city in the eastern province of Jiangxi, having deployed checks and inspections on local businesses. Fast facts The economic development zone in Ganzhou announced that it is working with the central bank’s local branch, the […]

King Fury movie director launches monster figure NFTs

Martial arts comedy movie series “King Fury” director David Sandberg has launched a new non-fungible token series called “Unicorn Masters” inspired by monstrous action figures from movies in the 1980s and 90s. Fast facts The Halloween edition of Unicorn Masters contain 15 3D-rendered animated characters described as disturbed, disembodied and desiccated. The NFT characters look […]

Defiant Facebook, now renamed Meta, goes all in on metaverse strategy as scrutiny tightens

Facebook, now called Meta, is casting off one of the world’s most famous names to retool itself into a metaverse company. Will its $10 billion bet pay off?

China’s state-backed blockchain network plans to launch NFT infrastructure

Red Date Technology, the company China tapped to manage its Blockchain-based Service Network (BSN), said today it plans to fully launch an infrastructure for non-fungible tokens (NFTs) by the end of January 2022. Fast facts Red Date revealed on Friday an NFT infrastructure plan — BSN-Distributed Digital Certificate (DDC) — at its BSN Open Permissioned […]

Warning issued over K-pop crypto; Dog fight hits crypto market

Warning issued over K-pop crypto meanwhile Dog fight hits crypto market

Thailand retail giant is testing its own digital currency C-Coin

Central Retail Corp., one of Thailand’s biggest department store chains, has developed a blockchain-based digital currency called C-Coin and is now testing it among employees, Bloomberg reported yesterday. Fast facts The company is currently distributing C-Coin to its 80,000 employees as bonus to their usual salary. Employees can use the crypto coin to shop at […]

Squid Game and BTS tokens emerge amid K-culture boom — and warnings to consumers

The wild popularity of South Korean Netflix TV series Squid Game and K-pop boy band BTS prompt parody tokens in the crypto space under circumstances that are being called into question.

Back to the future: Why Bitcoin is still a game-changer

Bitcoin is awakening humanity to its own sovereign capacities, says Ben Caselin of AAX. Here’s why the world’s first cryptocurrency is still at the cutting edge of finance and culture.

China’s national standard for blockchain could be released next year: report

China’s first national standard for blockchain could be released next year and a draft is now in the process of being submitted for approval, an official said earlier this week at an event in the western province of Sichuan, according to a report from local media Chuanguan, run by state-owned Sichuan Daily. Fast facts Li […]

Wharton business school to accept crypto for new blockchain education program

In the latest sign of the American business establishment’s warming embrace of cryptocurrency, the University of Pennsylvania’s prestigious Wharton business school will accept crypto for tuition payment for an online program. Fast facts The Wharton School’s new executive education program “Economics of Blockchain and Digital Assets” plans to accept cryptocurrencies such as Bitcoin for tuition […]

13 years after Bitcoin’s whitepaper, what would Satoshi say?

Bitcoin is growing up in ways not imagined in Satoshi Nakamoto’s 2008 writings that gave birth to it. How will Bitcoin’s future unfold?

Facebook changes its corporate name to Meta to build on metaverse vision

Facebook CEO Mark Zuckerberg announced the social media giant is rebranding its corporate name to Meta as it focuses on building out its metaverse vision of an embodied internet with immersive spaces and experiences where people can digitally connect. Fast facts “The metaverse is the next chapter for the internet and it’s the next chapter […]

Tales from the Crypt, 2021: 10 crypto horror stories

Behind this year’s giddy markets, evil and tragedies abound. Just in time for Halloween, Forkast.News shakes out the skeletons in crypto’s closet.

Unraveling the mystery behind why Bitcoin prices are all over the place

Even the most reliable media can report wildly different crypto numbers. Forkast.News dives into DeFi math and crypto exchange economics to find out who’s right.

South Korea crypto debate heats up; Bitcoin mining ETF starts trading

South Korea crypto debate heats up, also Bitcoin mining ETF starts trading

‌How‌ ‌can we better ‌protect‌ ‌digital‌ ‌assets‌ ‌and‌ ‌guard‌ ‌against‌ ‌hackers‌?

‌‌As‌ ‌Asia‌ ‌warms‌ ‌to‌ ‌crypto,‌ ‌cyber attacks‌ ‌are‌ ‌growing‌ ‌in‌ ‌sophistication,‌ ‌writes‌ ‌Shahnawaz‌ ‌Backer‌ ‌of‌ ‌F5.‌ ‌What can be done to thwart bad actors?

Taxing crypto, but not BTS NFTs? Virtual asset tax debate continues in South Korea

The South Korean government pushes forward its plan to tax crypto income beginning in January while investors and lawmakers criticize the pending tax law for its loopholes, with one lawmaker mentioning NFT goods of K-pop mega-group BTS. Fast facts The National Tax Service (NTS) of Korea met with 28 domestic cryptocurrency exchanges earlier this week […]

DBS Bank first in Southeast Asia to join Hedera Governing Council

Singapore’s DBS Bank — Southeast Asia’s largest lender — has joined the Hedera Governing Council, a diverse group of companies that governs and supports the Hedera network, an enterprise-grade public ledger of transactions, according to a media statement. Fast facts DBS — the first and only bank in Southeast Asia to join the Governing Council […]

Altair upgrade goes live; Hybe and Dunamu consider NFT venture

Altair upgrade goes live, also Hybe and Dunamu consider NFT venture.

A virtual K-pop girl group aims for the metaverse

South Korean mobile game developer Netmarble to create a virtual K-pop idol group under partnership with internet giant Kakao group using meta-human technologies.

Spark Pool allows balance withdrawal as it phases out all domestic, international users

Mining pool Spark Pool, which was once a major Ethereum mining pool, says its users may withdraw existing balances, but beginning Nov. 1 it will no longer offer other services related to mining for both domestic and international users, the company said in a statement. Fast facts Spark Pool last month reacted swiftly to China’s […]

India’s long-awaited crypto regulation coming in February, finance ministry officials say

Recent developments indicate the government is looking to regulate the sector instead of quashing it, and industry experts remain optimistic. 

Tesla’s trillion-dollar triumph — and its bond with Bitcoin

Top blockchain and crypto news: Is Tesla’s turbocharge a boost for Bitcoin? Mastercard’s Bakkt with a new crypto deal. Chinese NFTs on knife-edge.

Robinhood posts 78% decline in Q3 crypto profits

Fee-free trading platform Robinhood’s crypto revenue declined 78% in the third quarter this year, earning only US$51 million during that time according to the company’s Q3 report released Tuesday. This is compared to the US$233 million the company earned in the previous quarter in which the market hit the height of the bull run, from […]

Dog off the leash: Shiba Inu price breaks all-time high for 3rd time in 4 days

Shiba Inu (SHIB) has soared to another all-time high, setting its new record at US$0.00005486 today, according to CoinMarketCap data. It is now the 11th largest cryptocurrency with a market cap of US$21.5 billion. Fast facts In the last 24 hours, SHIB’s price has surged over 32%. SHIB’s price has been surging since the weekend […]

What will Ethereum prices be as 2021 ends?

As Ethereum surges to a new all-time high, 50 fintech experts surveyed by Finder offer predictions on ETH’s year-end and longer-term price outlook.

Vitalik Buterin: Layer 2 is the future of Ethereum scaling

Ethereum’s creator explains why rollups can help scale Ethereum while preserving decentralization.

Philippines trials blockchain voting; Byron Bay to host crypto mining

Philippines trials blockchain voting meanwhile Byron Bay to host crypto mining

Kazakhstan proposes to limit power consumption for new crypto miners as power deficit bites

Local miners told Forkast.News that existing legal miners won’t be much affected, though they’re still subject to power rationing.

Byron Bay to host Australia’s largest Bitcoin mining operation — using green energy

While it may be known locally and domestically as a tourist hotspot and home to many Hollywood A-list celebrities, Australia’s coastal town of Byron Bay is set to become host to Australia’s biggest Bitcoin mining site— and it’s going to be powered by 100% renewable energy. Fast facts According to a company press release, local […]

Alipay and Tencent now call NFTs ‘digital collectibles’ amid state media criticism

Tech giants banish non-fungible token references as Beijing looks down new virtual asset market.

Australian crypto industry watches as sole trader charges two top banks with ‘debanking’

While the government signals it is ready to promote the industry, the country’s banks remain unimpressed. ANZ has already settled its de-banking case with Allan Flynn, but as the tribunal with Westpac concluded over the weekend, what should we expect from the outcome?