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Cryptocurrencies

  • Regulation

    Crypto lender Celsius bags US$400M despite regulatory heat

    In spite of ongoing regulatory issues, cryptocurrency lender Celsius Network has raised US$400 million in an investment round pegging the valuation of the company at US$3 billion. Fast facts The funding was led by U.S. growth equity firm WestCap and Caisse de dépôt et placement du Québec (CDPQ), a global investment group.  Celsius will use the funds to […]

    Monika Ghosh

  • Bitcoin News

    Bitcoin price poised to retest all-time high

    Crypto market watchers tell <i>Forkast.News</i> what’s behind Bitcoin’s latest resurgence and predict Bitcoin’s price heading into Q4 2021.

    Michelle Lim

  • Regulation

    Ukrainian president seeks revision of cryptocurrency bill

    Ukrainian President Volodymyr Zelenskyy returned a cryptocurrency bill to Parliament for revision on Tuesday, demanding the National Securities and Stock Market Commission of Ukraine be designated the country’s main crypto regulator. Fast facts The crypto bill had passed the second parliamentary hearing on September 8. Had Zelenskyy signed the bill, it would have made the country the fifth […]

    Ningwei Qin

  • Regulation

    What Powell’s ‘No intention to ban’ means for crypto

      Jerome Powell’s remarks on Sept. 30 following his testimony about the financial hardships of the pandemic caught the attention of crypto enthusiasts. Taking questions from the House Committee on Financial Services, Chairman Powell said the Federal Reserve would not seek a ban on crypto but reiterated that stablecoins should be regulated.  Bitcoin jumped by […]

    Forkast.News

  • Bitcoin News

    U.S. Bank launches Bitcoin custody service as more banks enter crypto realm

    U.S. Bank, the country’s fifth-largest retail bank, will now offer custody services for cryptocurrencies, starting with Bitcoin, the bank announced on Tuesday. New York Digital Investment Group, a fintech firm dedicated to Bitcoin, is the first crypto sub-custodian in the bank’s network of providers, the statement said. Fast facts The services are geared toward institutional […]

    Monika Ghosh

  • Regulation

    What is Hong Kong’s future as a crypto hub?

    Hong Kong, a hotbed for crypto startups and exchanges, is at a crossroads, writes Jeremy Ng of Gemini. Here’s how the industry can better secure its future.

    Jeremy Ng