Coinbase Pro adds Solana’s native token, opening the doors for US investors after SOL outperforms Bitcoin and most other cryptos amid market crash.
Diversification to allocate funds to Bitcoin is an “opportunity that (fiat) money cannot buy”, says DBS Bank’s chief investment officer.
Bithumb, one of South Korea’s biggest cryptocurrency exchanges, is attempting to disassociate itself from its former chairman amid fears that its links to him may pose a threat to its license to operate.
The U.S. Department of the Treasury is calling for business to report cryptocurrency transactions worth more than US$10,000 to the Internal Revenue Service.
As mainstream finance embraces decentralized finance, neither it nor its younger challengers are likely to escape the evolutionary forces at work.
The Booker Group announced that it now holds approximately US$35 million in crypto and plans to invest US$3 million into DeFi in Q2.
U.S. SEC chair Gary Gensler says regulator will enforce crypto rules ‘aggressively and consistently’
U.S. SEC chair Gary Gensler says as technology and markets evolve, regulators should be ready to bring cases involving crypto.
What’s really behind the Bitcoin market crash? Tether USDT lifts veil on reserves. Facebook-backed Diem going to California.
Other top blockchain and cryptocurrency news: BlockFi’s accidental BTC millionaires. China’s Inner Mongolia asks citizens to report illegal crypto mining.
Mass liquidations are observed across exchanges as the crypto market continues to struggle. Meanwhile, institutions explore DeFi.
Newly elected South Korean Prime Minister Kim Boo-kyum appears to be leading an embrace of the cryptocurrency sector among lawmakers.
In a win for the SEC, a judge knocks back Ripple’s request to stop the SEC from asking foreign regulators for info on Ripple and XRP transactions overseas.
The Chinese region of Inner Mongolia is urging members of the public to report all cases of cryptocurrency mining, setting up a reporting hotline, an office address and an email address to solicit tips for law enforcement authorities.
Chinese cryptocurrency miner BIT Mining has signed a deal to build a data center in Texas.
DeFi project Maple Finance is launching a $17 million lending pool to provide crypto startups with capital. Is this the start of a DeFi credit underwriting trend?
The world’s biggest cryptocurrency may have found a new trading range after being battered yesterday following an apparent Chinese clampdown on cryptos, partly reversing losses of around 30% seen when investors dumped their coins on Wednesday.
Former CFTC chairman Chris Giancarlo and Accenture’s David Treat are not in a CBDC race, but a ‘contest’ to develop money that reflects societal values.
China’s newest warning against crypto sends market into nosedive and Bitcoin dips below US$40,000 for the first time since February.
Professional crypto traders appear to be taking the recent plunge in the price of Bitcoin in their stride as they look ahead to an upswing in the cryptocurrency’s fortunes.
Around US$1.5 billion of Bitcoin long positions were liquidated today across some of the world’s top crypto exchanges, including Binance and FTX, according to Bybt data.
XRP’s price has slumped almost 7% in the past 24 hours after a so-called whale transferred US$93 million of the cryptocurrency to an unknown wallet on May 18, according to blockchain analytics platform WhaleAlert.
Qingdao-headquartered tech company SOS Ltd. has announced the launch of more than 6,000 ETH and BCT mining rigs, claiming 90% renewable energy sources.
Fan Long, a co-founder of Chinese public blockchain network Conflux, says China’s latest broadside against the use of cryptocurrencies in the financial sector should not be interpreted as a sign that Beijing is intent on shutting down digital currencies.
Banks in Singapore are leading blockchain and DLT developments while South Korean game developer WeMade entrusts its US$130 million crypto holdings to KODA.
Deutsche Bank Securities Services in Singapore and Singapore fintech firm Hashstacs, or STACS, today announced the completion of a tokenized securities proof-of-commercialization test named Project Benja.
The final phase of Polkadot’s rollout — with parachains — just kicked off. Here’s what you need to know about Polkadot and parachains, and why it matters.
The appetite in the United Arab Emirates for cryptocurrency investment is growing, with younger Emiratis more bullish about digital assets than their Western counterparts, according to a study by financial services firm Holborn Assets.
A group of cryptocurrency developers has launched a new coin named $STOPELON, aiming to limit Elon Musk’s influence over the cryptocurrency market.
Ripple rebuts SEC’s attempt to obtain Ripple’s confidential communications with lawyers over XRP’s legal status and seeks to bolster ‘fair notice’ defense.
FUD has taken over Bitcoin’s FOMO sentiment as iconic YouTube video ‘Charlie Bit Me’ gets immortalized as an NFT.
The home video that has been viewed more than 880 million times is set to be sold as NFT to highest bidder — and then deleted forevermore from YouTube.
ADA price holds strong as investors shift to greener cryptocurrencies and Cardano smart contracts get set to launch blockchain into DeFi and NFTs.
Fund managers have reacted swiftly to the latest price volatility in the cryptocurrency market triggered by recent Elon Musk tweets that have raised doubts over Tesla’s future relationship with Bitcoin, the Financial Times reports. Fast Facts: T Rowe Price President and Head of Investments Rob Sharps recognized the impact of cryptocurrencies across capital markets, but […]
New York-based artist Brian Donnelly, also known as KAWS, is launching his latest project in Britain, “KAWS:HOLIDAY UNITED KINGDOM,” featuring a 42-meter tall hot-air balloon that people can pay cryptocurrency to take rides in. Fast facts Crypto and fiat payment processor FTX Pay has partnered with Hong Kong production company AllRightsReserved to be the official […]
A single tweet by Tesla founder Elon Musk wiped more than US$55 billion off the cryptocurrency market after he implied on Sunday that the company might have sold its Bitcoin holdings. Fast Facts: Bitcoin’s price fell to below US$43,500 after Musk appeared to agree with a Twitter post that Tesla should divest its Bitcoin holdings. […]
A tweet about Dogecoin by Tesla founder Elon Musk provoked a terse response from high-profile figures in the cryptocurrency industry on Sunday. Fast Facts: Musk responded to a tweet in which Twitter user @itsALLrisky claimed that Dogecoin was superior to Bitcoin, tweeting back: “Ideally, Doge speeds up block time 10X, increases block size 10X & drops […]
A dispute over a Bitcoin mine’s environmental impact leads to a push to ban crypto mines in New York state. Will other places follow Albany’s lead?
It’s only a matter of time that digital currency ‘is going to overshadow all the other forms of money,’ says Neeraj Khandelwal of CoinDCX.
To improve public trust, South Korea is barring police officers from buying cryptocurrency. Could this presage a broader clampdown on crypto in the country?
The Asian crypto industry reacts to the US Department of Justice and Internal Revenue Service money laundering probe into Binance. In South Korea, the nation’s largest internet company plans to join Bank of Korea’s CBDC ventures. Over in Singapore, Southeast Asia’s largest lender DBS Bank expands its crypto services for its private bank clients by […]
What will happen to your Bitcoin keys and crypto wallets when you die? Southeast Asia’s largest bank will now take care of it all for the super wealthy.
Yet another U.S. regulatory probe of leading crypto exchange Binance is underway, but CEO Changpeng Zhao isn’t impressed with news headlines.
As many as 46 million U.S. consumers will consider using cryptocurrency to make retail purchases, regardless of whether or not they currently own crypto, a joint study by media outlet PYMNTS and Bitcoin payment service BitPay shows. Extrapolation indicates that purchases made using cryptocurrency could conservatively represent around 1% of all retail sales in the […]
An Australian computer scientist has become the latest person to claim to have developed Bitcoin, an assertion he hopes might bring him a £4 billion (US$5.6 billion) windfall. Craig Wright, who claims to have invented Bitcoin, and the identity behind the Satoshi Nakamoto pseudonym, has filed a lawsuit in a UK court to retrieve a […]
Singapore’s DBS Private Bank has announced the launch of Asia’s first bank-backed trust offering for cryptocurrencies. The service, operated via the lender’s wholly-owned licensed trust subsidiary, DBS Trustee, allows clients to invest, custodize and manage their digital assets. The service will handle only those cryptocurrencies hosted on the DBS Digital Exchange — Bitcoin, Ether, Bitcoin […]
Binance, the world’s biggest cryptocurrency exchange, is being investigated by the U.S. Department of Justice and Internal Revenue Service over alleged illegal activities. Officials responsible for investigating money laundering and tax breaches have interviewed individuals familiar with Binance’s activities, according to a report by Bloomberg. In March, the U.S. Commodity Futures Trading Commission said it […]
Asia’s crypto industry reacts to Tesla backtracking Bitcoin payments, while Animoca Brands raises US$88,888,888 in a new funding round.
Elon Musk drops ‘fossil fuel’ Twitter bomb on Bitcoin, triggering a BTC price crash and dragging down Ethereum, Dogecoin and Shiba Inu.
China-founded cryptocurrency exchange Huobi Group has launched a US$100 million investment arm to focus on early-stage blockchain and decentralized finance projects over three years. The new operation, named Huobi Ventures, will make strategic acquisitions to diversify and expand Huobi’s offerings and establish a US$10 million non-fungible token fund, the company said in a statement sent […]
FTX crypto derivatives exchange pioneered TRUMP crypto futures and now dwarfs Coinbase in trading volume. Is going public in FTX’s near future?
Facebook’s much-anticipated foray into cryptocurrency has got off to a modest start, with the project it is backing confirming that it will launch a stablecoin pegged to the U.S. dollar. The social media giant had announced ambitious plans to launch a global digital currency named Libra in partnership with Visa and PayPal in 2019, but […]
US carmaker Tesla has backed away from accepting Bitcoin as payment for its electric vehicles, citing the enormous environmental cost of mining and processing cryptocurrency transactions. In a Tweet posted on Wednesday, Tesla founder Elon Musk said the company would suspend vehicle purchases using Bitcoin. He said, “We are concerned about rapidly increasing use of […]
ICP takes crypto world by storm. Will Ethereum be the next Bitcoin? Goldman Sachs launches crypto trading desk.
Other top blockchain and cryptocurrency news: How Dogecoin copycat SHIB coin vaulted into crypto’s top 20. China unveils fingerprint ID for digital yuan.
Shiba Inu is the new “Doge killer” and Chinese investors “can’t get enough” of it, says Gate.io, as #SHIB trends in Weibo.
The United States’ Securities and Exchange Commission has emerged as a top cryptocurrency regulator, bringing 75 enforcement actions and 19 trading suspension orders between July 2013 and 2020, according to a study by Cornerstone Research. “In the last seven years or so, the SEC has established itself as one of the main regulators policing the […]
Ethereum prices rally to new all-time high as Bitcoin’s dominance keeps sliding. Is Ethereum’s upcoming EIP 1559 upgrade boosting its value proposition?
Crypto veterans are appalled by the sudden popularity of $hitcoins like DOGE and SHIB. But others say memecoins are making investing more accessible.
Indonesia’s tax authority is studying a proposal to tax cryptocurrency trading as interest in digital currencies gains momentum among local investors. Directorate General of Taxes spokesman Neilmaldrin Noor was quoted by Reuters as saying, “If there is a profit or capital gain generated from a transaction, the profit is an object of income tax. So […]
Cryptocurrency investment in India has reportedly slowed to a trickle as both investors and cryptocurrency exchanges grapple with banks’ refusal to accept digital currency transactions. Despite the face-off, industry executives are hopeful that banking support will resume soon, according to a report by Moneycontrol. As reported by BloombergQuint, most crypto exchanges, including WazirX, CoinDCX, Zebpay, […]
Software company Block.one today announced the launch of new subsidiary Bullish Global. An independent entity that will operate under Block.one’s parentage, Bullish Global is focused on the rollout this year of Bullish, a blockchain-based cryptocurrency exchange, according to a press release sent to Forkast.News. Bullish aims to combine the performance, user privacy and compliance offered […]
FTX CEO Sam Bankman-Fried joins Forkast.News to share how the exchange is able to provide new financial products while still satisfying regulators.
As retail interest in crypto grows, countries around the world are grappling with consumer protection. Asia offers a window into the array of policy responses.
Dogecoin is on its weekend hangover as trading volumes in India’s WazirX for DOGE reaches new heights. Meanwhile, ESG investments tackle crypto.
In the latest volley in SEC v. Ripple Labs, the SEC contends that Ripple has waived its attorney-client privilege over legal advice on XRP’s status.
Canada-based alternative investment manager Ninepoint is to set aside a portion of its management fees to offset the carbon footprint of the Bitcoin held in an exchange-traded fund it operates. Its aim to provide investors prioritizing environmental, social and governance investment opportunities with carbon-neutral exposure to the world’s biggest cryptocurrency. Cryptocurrencies have attracted considerable criticism […]
Is it all those new Ethereum ETFs, rising demand for Ethereum from DeFi and NFTs, or lower gas fees fueling ETH’s price jump to yet another all-time high?
Cryptocurrency startup Dfinity is set to unveil an “internet computer,” which it says can provide a faster, cheaper alternative to Ethereum and can rival Amazon Web Services and other cloud computing companies, according to a report by the Financial Times. The company’s self-described internet computer is a group of technologies designed to support next-generation decentralized […]
Canadian manufacturing and logistics firm Geometric Energy Corporation has announced that its Doge-1 Mission to the Moon — the first commercial lunar payload in history — will be paid for in its entirety with the meme-inspired cryptocurrency Dogecoin. The moonshot will involve a collaboration between Geometric Space Corporation mission management and SpaceX that will carry […]
Aqumon’s SmartGlobalC aims to meet the rapidly growing demand for Bitcoin exposure for traditional investment portfolios in Asia.
Financial artificial intelligence firm seeks to use technology to mitigate risks in complex, volatile trading environment. BlockBank, which develops artificial intelligence for both decentralized and traditional, centralized finance, is using its technology to bring AI-enabled analytics and risk management practices to the crypto space. The company is working to offer a built-in fiat currency gateway […]
While Bitcoin Cash surges, we visit a Japanese coffee shop owner who just started accepting BCH as payment.
XRP sales by Ripple accounted for 0.07% of global XRP volume. Ripple says its sales were to support on-demand liquidity customers.
Currency-trading giant says crypto trading, custody and financing all under consideration amid growing demand from asset managers, hedge funds. Citigroup is considering launching cryptocurrency services following a surge in interest in digital currencies among its clients, according to a report by the Financial Times. The report cited Citi’s global head of foreign exchange, Itay Tuchman, […]