Where is the stablecoin market heading in 2023?

FTX’s collapse triggered a stablecoin sell-off, but we will need them to survive the Crypto Winter, writes Vladimir Gorbunov of Choise.com.

CeFi regulation may create an advantage for DeFi, Bitcoin.com CEO says

Dennis Jarvis of Bitcoin.com believes the incoming regulatory crackdown on CeFi may tip the scales in DeFi’s favor next year.

NFT December sales surge to highest since June amid ‘tax-loss harvesting’

Slump in prices of some non-fungible tokens and other digital assets allows U.S. holders to take advantage of a loophole to reduce capital gains taxes.

India’s Crypto Outlook

WazirX VP Rajagopal Menon sits down with Forkast to provide some insight as survival becomes a huge concern for crypto exchanges in India.

How ‘naming collisions’ threaten the promise of Web3

What are ‘naming collisions,’ and why will unique user-owned identities play a pivotal role in Web3’s future success? Matthew Gould explains.

Alameda Research transfers spark suspicions as SBF denies involvement

Top blockchain and crypto news: Where is Alameda Research’s money going? US tax loophole may give crypto investors a break. China’s blockchain momentum builds.

Happy birthday to Bitcoin! What will it become when it’s all grown up?

It takes a village to raise a child, and Bitcoin is no different — we must support its growth but also set firm boundaries, writes Justin d’Anethan of Amber Group.

‘Tis the season for crypto tax-loss harvesting: IRS, regulators remain silent on crypto tax loophole ahead of new year

The past year has been tumultuous for crypto investors, with a bear market wiping out over half of Bitcoin’s market capitalization. However, with the end of the American tax year just days ahead, taxpayers could get some money back.

Stablecoins likely next in risk line, Karpelès says

A downward spiral of an algorithmic stablecoin was the beginning of the cryptocurrency industry’s troubles in 2022. Former Mt.Gox CEO Mark Karpelès says that the stablecoin drama is not over.

A series of events: Crypto’s 2022 timeline

Cryptocurrencies had a turbulent 2022 to say the least. Blockchain technology made progress but that failed to offset the multiple bankruptcies and hacks that plagued the industry through the year.
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Second set of transactions from Alameda wallets likely liquidators: Nansen

FTX liquidators may be behind the latest transactions from Alameda Research wallets, but someone else may have sent the first set of cryptocurrencies to decentralized exchanges.

How crypto crimes are evolving, and what to expect in 2023

Ponzi schemes, investment scams and rug pulls have drained billions from crypto users in recent years. What new kinds of crypto crimes are on the horizon?

South Korea keeps betting on the metaverse, ignoring the current clunky technology

South Korea took a real shine to the metaverse in 2022, with the central government, regions and cities all interested in getting a piece of the virtual reality pie, despite criticism that the technology has a long way to go.

A year to remember, a year to forget: Crypto highs and lows of 2022

From Terra and FTX crises to Ethereum’s triumphant Merge and China’s inventive NFT industry, Forkast reviews a rollercoaster year and its consequences.

Why digital assets need regulations now more than ever

In times of market volatility, regulation can restore confidence and public trust in crypto, writes Albert Isola, Gibraltar’s minister for digital and financial services.

Biggest blockchain trends for 2023 and beyond

After a year of new all-time highs for major cryptocurrencies in 2021, 2022 was a challenging year for Web3. Industry experts tell Forkast what crypto has in store for 2023 and beyond.

Will FTX’s collapse decentralize the industry? 

While the collapse of FTX may invite more scrutiny for centralized exchanges, Binance’s Patrick Hillmann believes it could benefit the industry through more decentralization.

Will the crypto industry grow beyond speculation in 2023?

The FTX collapse was a pivotal point the cryptocurrency industry needed to grow beyond just a speculative asset class, Ledger’s Alex Zinder says.

14 years on, why Bitcoin will survive its growing pains

Like an awkward teen, Bitcoin is facing a crisis of confidence, writes Eddie Hui of MetaComp. What lies in store for the original cryptocurrency in 2023?

No change in community banks’ view of crypto after FTX’s collapse, says ICBA’s Brian Laverdure

ICBA vice-president Brian Laverdure believes that community banks are unfazed by FTX’s collapse, but remain split on cryptocurrencies.

Time for reflection: How will FTX’s implosion impact crypto regulation?

This year’s cascade of crypto collapses should be a wake-up call to regulators, says the Independent Community Bankers of America’s Brian Laverdure.

The last 12 months the year to forget, says India’s WazirX crypto exchange  

A lot of the troubles for India exchanges in 2022 will run into next year as they shed staff and run down reserves to stay afloat, and not all are expected to make it.

Sam Bankman-Fried home for Christmas after making US$250 million bail in U.S.

Bankman-Fried won an upgrade from his Bahamas prison cell after posting bail following his extradition to the U.S. on Wednesday, where he faces charges for what prosecutors called “fraud of epic proportions.”

U.S. authorities say two FTX, Alameda executives have pleaded guilty to fraud

Caroline Ellison and Gary Wang, two integral members of the Sam Bankman-Fried now collapsed cryptocurrency businesses, are cooperating with prosecutors.

US bill set to demand know-your-customer from crypto companies

Top blockchain and crypto news: US senators push for crypto KYC. SBF faces the music in US courts. Alibaba Cloud to launch blockchain node.

Will Bitcoin’s true value prevail in 2023? 

As crypto investors move towards self-custody following FTX’s collapse, Brian Paik wonders whether it could teach people the true value of Bitcoin, beyond hype and price speculation.

BlockFi asks U.S. bankruptcy court to unfreeze accounts for some of its users

BlockFi, an early victim of the financial contagion caused by the collapse of the FTX cryptocurrency exchange, said it wants to return assets locked up in its bankruptcy proceedings.

FastForkast headlines

Hong Kong pushes ahead with crypto hub plans as tech firms, startups show interest: financial secretary

U.S. subpoenas hedge funds in Binance probe: report 

US prosecutors, SEC probes Digital Currency Group: report

Markets: Bitcoin back above US$17,000; Ether, crypto market extend weekend gains

Crypto exchange Huobi latest firm to slash staff: Reuters

Animoca Brands slashes Web3 fund target to US$1B: Bloomberg

Digital Currency Group shuts down wealth management unit: report

Markets: Bitcoin, Ether little changed; Polygon, XRP lead losers; Cardano holds onto gains

Silvergate cuts 40% of staff after facing US$8.1B in withdrawals amid FTX collapse

Crypto P2E game investments not protected by law, China court says

U.S. authorities to seize US$460 mln of Robinhood shares in FTX fraud case

Indian crypto exchanges may lose US$1.2 trillion of trade volume in next four years: research

Crypto payments firm Wyre reportedly shutting down amid market downturn

Markets: Bitcoin, Ether rise; Solana surges 18% as new dog coin spikes interest

Crypto, digital assets account for 69% of online investment scams in Hong Kong

Binance declines comment on speculation it may buy South Korean crypto exchange GOPAX

Magic Eden NFTs display explicit content, ‘Big Bang Theory’ images

Sam Bankman-Fried pleads not guilty to fraud charges in FTX exchange collapse

Markets: Bitcoin, Ether inch up, XRP leads gains in top 10 cryptos

Bitcoin ATM rush Down Under: Australia leapfrogs El Salvador, Poland

Markets: Bitcoin, Ether edge higher with crypto top 10; Litecoin surges after record transactions in 2022

OKX’s OKB, OKT tokens surge at least 13% each after 85% quarter

Markets: Bitcoin, Ethereum up, Cardano leads gains

Markets: Bitcoin, Ether inch up; XRP biggest loser among top 10

China state-backed NFT trading platform to launch on Jan. 1

Markets: Bitcoin, Ether little changed; XRP leads losses in top 10 cryptos

Late Nexon CEO’s US$6.7 mln crypto stolen; hacker gets six years in prison

Argo Blockchain shares soar after selling Texas mining facility to Galaxy Digital

FTX founder Sam Bankman-Fried likely to enter plea deal: report

Markets: Bitcoin, Ether fall; Solana, Cardano show bigger losses

Sam Bankman-Fried used Alameda Research money to buy Robinhood shares

Crypto addresses linked to Alameda Research have moved over US$100,000

FTX customers file lawsuit for priority repayment

Kraken to shut Japan operations

Japan plans to lift ban on stablecoins issued overseas: report

Markets: Bitcoin, Ether slide; BNB leads gains across top 10 cryptos

BTC.com hacked, around US$3 mln assets stolen

Markets: Bitcoin, Ether inch up, Dogecoin leads decline across top 10 cryptos

FTX asks court to keep US$450 mln Robinhood shares frozen

Retiring U.S. Senator Pat Toomey introduces bill for regulating stablecoins

British Columbia suspends new electricity connections for crypto miners

Bankrupt miner Core Scientific may sell facilities under development: report

U.S. crypto miner Core Scientific files for Chapter 11 bankruptcy, continues to mine Bitcoin

FTX says it has over US$1B in cash assets

Retail-owned Bitcoin supply reaches all-time high