Forkast.News is now Forkast Labs

Fake BlackRock ETF news prompts US$57 mln in Bitcoin long liquidations

Bitcoin briefly spiked to US$29,388 after the fake post, before tracing back the gains.

Solana leads gains following Visa partnership news, Bitcoin little changed even as whales snap up asset

Solana led gainers in the top 10 cryptos, after the protocol announced a new partnership with payments giant Visa.

Cryptos down as Grayscale ETF news loses shine

Bitcoin, Ether and most other top ten cryptos traced back gains made following news of Grayscale’s legal win against the SEC.

How blockchain can counter fake news and preserve history

In this era of disinformation and deep fakes, what can blockchain technology do to safeguard the truth about humanity’s shared past?

Montenegro to hold Terra-Luna fugitive Do Kwon for 30 days, says Yonhap News

Kwon Do-hyung will be held in Montenegro for a month on charges of using forged travel documents, South Korea’s Yonhap News reported.

Creepz NFT sales surge 239% following Spotify partnership news

The sales volume of Creepz by Overlord surged by 239% in the 24 hours to 11:00 p.m. on Thursday in Hong Kong, after its creator announced a partnership with music streaming giant Spotify.

S. Korean regulators to probe local crypto staking services following U.S. crackdown: News1

S.Korean regulators are planning to review crypto staking services on local exchanges following recent regulatory enforcements from the SEC.

More bad news for South Korea’s Bithumb exchange with “Kimchi coin” manipulation allegations

Prosecutors raided the Bithumb crypto exchange on Thursday on allegations of price manipulation and fraudulent transactions in local tokens,

CryptoSlam, Forkast.News merge to form Web3 data intelligence platform

Web3 media company Forkast.News and blockchain data analytics firm CryptoSlam are merging to establish Forkast Labs, a media intelligence platform for the digital economy that will combine on-chain data analytics and journalism.

Forkast News

Markets: Bitcoin treads water, Ether Classic gets a bump, Cosmos gains on Kujira news

Bitcoin and Ether were little changed in Asia on Thursday morning, though Ether Classic rose. Solana and Cardano lost ground along with most other top 10 tokens by capitalization, though the global cryptocurrency market cap edged up 0.23% to US$1.03 trillion. Investors across all financial markets remain on edge about the direction of interest rates […]

Bored Ape Yacht Club’s ApeCoin native token to fund 24-hour news website

The APE decentralized autonomous organization (DAO) approved a proposal to fund the 24-hour news website covering BAYC creator Yuga Labs and the community on Thursday.  See related article: Majority of ApeCoin token holders vote to stay on Ethereum Fast facts The Bored Ape Gazette website will become a 24-hour style news site complete with a […]

News of LUNA’s demise greatly exaggerated

LUNA, the collateral used by Terraform Labs to back its TerraUSD (UST), has been in a freefall. But experts tell Forkast the crisis is likely to make the pioneering stablecoin stronger, and the community behind stablecoins better.

From in-print to online to on-chain: How will Web 3.0 reshape news media?

There’s never a dull moment in the news business. Now, as media outlets explore blockchain, the Associated Press’s Dwayne Desaulniers says more change is coming.

State-backed newspaper is giving out NFTs amid unclear regulation

A new NFT gallery owned by the People’s Daily online arm is airdropping this week its first batch of “digital collectibles” minted on Tencent’s blockchain since the gallery’s opening last January. Fast facts Digital collectibles is a phrase now commonly used by Chinese companies to avoid the term “NFT” since Chinese state media began denouncing […]

Indian crypto exchanges trading volumes surge since tax news

Indian crypto exchanges are experiencing a surge in trading volume since finance minister Nirmala Sitharaman announced a 30% tax on crypto transfers at the budget session of parliament on Tuesday.  Fast facts Binance-owned WazirX’s 24-hour trading volume has soared by 56.26% while its WRX token price jumped 25.3%, as of press time.  The trading volume […]

Year in review: Top China blockchain news in 2021

China tries to stamp out Bitcoin mining while increasing its influence over blockchain technology and preparing the digital yuan for launch. What lies in store for 2022?
and

The Forkast.News guide to last-minute blockchain and crypto gift ideas

Not yet done with your holiday shopping? Here are ideas for all the loved ones on your list, whether they are tech-savvy or merely crypto-curious.

Crypto.com on a price tear as Cardano, TRON plummet on eToro delist news

Cardano ADA and Tron TRX will no longer be available to eToro’s US customers next year while CRO reflects Crypto.com ‘going from strength to strength.’

More Chinese crypto news services appear to become unavailable

A few more Chinese cryptocurrency news sites are currently unavailable amid the country’s ongoing clampdown on the sector. Fast facts The website of ChainNews, one of China’s largest crypto news websites, was not available as of press time on Thursday. It tweeted on Nov. 15 that the site will be down for eight to 10 […]
and

Double-whammy U.S. inflation news sends Bitcoin flirting with US$69,000

Within minutes of reports showing U.S. consumer prices rising and weekly wages falling, Bitcoin surged on inflation fears.

Korea crypto damage assessed; Initium’s news based NFTs sell out

Korea crypto damage assessed meanwhile Initium’s news based NFTs sell out

Former Hong Kong news site issues NFTs to preserve history

Initium Media, also known as 端傳媒, is turning to blockchain technology to grow revenue and to ensure controversial news does not get forgotten — or tampered with.

How a Hong Kong newspaper is remaking history with NFTs

The South China Morning Post, Hong Kong’s paper of record for 118 years, is experimenting with NFTs and metaverse technology to bring its storied past into the future.

Forkast.News exclusive: Antinalysis is out, proud and ready to tell (almost) all

In a special Q&A, an Antinalysis spokesperson reveals the source of the company’s controversial data and disputes that it’s for criminals. ‘Privacy is a human right.’

Chinese crypto news service forced to shutter site

Bishijie’s suspension deprives users of industry news and community forum as Beijing continues campaign targeting cryptocurrency sector.

Chinese viral news photo debacle shakes confidence in NFTs

Proliferation of copycat non-fungible tokens based on media image sparks fresh concerns over authenticity, creators’ rights.

How NewsHash will combat fake news through blockchain and DLT

Jim Nasr, CEO of blockchain application developer Acoer explains how distributed ledger techology could bolster trust in journalism.

Ep. 36 | Bitcoin prices rise on PayPal cryptocurrency news. US wary of CBDC as China enacts digital currency law for DCEP rollout.

Other top crypto and blockchain news: USDC stablecoin coming to Solana blockchain. Investing in KYC/AML in India.

Ep. 3 | Top blockchain news on China, France and S. Korea – and a new Ethereum protocol. What’s next for India?

What’s up with South Korea’s new blockchain regulations? And where is bitcoin now legal tender? (Mai oui!) Other headlines around the world: a storm over STEEM, the new Baseline protocol for privacy, HTC’s Exodus 5G Hub, and how the coronavirus has affected blockchain firms in China.

Ethereum validator count passes one million

Ethereum’s security strengthens as validator numbers reach a new milestone.

Sam Bankman-Fried sentenced to 25 years in prison

Bankman-Fried plans to appeal the conviction and sentence.

Ethereum reclaims NFT throne with US$17.02 mln in daily sales

Ethereum tops daily NFT sales, Bitcoin and Solana see mixed results, with notable changes in wash sales.

Bitcoin breaks US$70,000 amidst market optimism

Bitcoin surpasses US$70,000 after 9 days below the mark.

BlackRock launches BUIDL fund for digital yield

BlackRock’s new blockchain fund, BUIDL, offers USD yields through tokenization, in partnership with Coinbase.

Ethereum leads with US$12.47 Million in NFT sales

Ethereum tops NFT sales in the last 24 hours, with Bitcoin and Solana following despite market fluctuations.

Binance Labs spins off as independent US$10 bln VC fund

Binance Labs, the venture capital arm of Binance, has become an independent entity with a portfolio worth over $10 billion.

MakerDAO to launch ‘Endgame’ phase with new tokens this summer

MakerDAO’s Endgame plan introduces new tokens and features to enhance user engagement and target mass adoption.

Wall Street giants test blockchain for capital markets

Major financial institutions complete large-scale blockchain pilot on Canton Network.

UK regulator permits crypto ETNs for professional investors

The UK’s (FCA) has greenlit crypto asset ETNs for professional investors, with the London Stock Exchange set to accept applications next quarter.

Bitcoin briefly surges past US$70,000

Bitcoin sets a new price record for the second time this week.

Hong Kong central bank unveils Project Ensemble for tokenization

The Hong Kong Monetary Authority launches a wholesale CBDC project to support tokenized asset transactions and financial innovation.

Spain hits pause on Worldcoin’s data collection over privacy concerns

Spanish regulator orders Worldcoin to stop processing personal data, citing privacy violations.

BlackRock leads Bitcoin ETFs with record inflows

Bitcoin investment vehicles, including ETFs, now manage over 1 million BTC, with BlackRock’s ETF seeing a record $788 million in inflows as Bitcoin hits a new all-time high.

Stolen DeGods NFT funds recovered by blockchain sleuth ZachXBT

A chunk of funds lost in the theft of a rare NFT has been returned to the owner, thanks to investigator ZachXBT.

Reddit invests in Bitcoin and Ethereum ahead of IPO

Social media platform Reddit has diversified its assets by investing in cryptocurrencies Bitcoin and Ethereum, as revealed in its IPO filing.

MetaMask boosts security with Blockaid’s privacy module

MetaMask partners with Blockaid to enhance security for over 30 million users.

STRK trading begins amidst massive airdrop event

Starknet distributes 728 million STRK tokens, with initial trading volatility.

US Treasury: crypto’s role in Hamas funding minor

“Terrorists” still prefer to use traditional finance products, according to U.S. Treasury’s Brian Nelson.

Revolut to list Bonk alongside US$1.2 mln learning campaign: report

Bonk will join Ethereum-based memecoins such as Dogecoin and Shiba Inu on the platform.

Bitcoin returns to the US$1 trillion club

Bitcoin’s current market value is greater than the world’s eighth largest company.

ERC-404 frenzy drives Ethereum gas to eight-month peak

The rise of ERC-404 tokens brings a new dimension to the Ethereum blockchain, blending the characteristics of ERC-20 and ERC-721 tokens.

Montenegro court overturns extradition of Terra founder Do Kwon

International tug of war over Kwon’s fate takes a new turn with Montenegro court’s reversal on extradition.

South Korean crypto criminals to face life sentence

Crypto criminals with more than US$3.76 billion in profits may face life in South Korea.

Yuga Labs’ payout from Ripps and Cahen raised to nearly US$9 mln

Ryder Ripps and Jeremy Cahen must pay almost US$7 million in Yuga Labs’ attorneys’ fees, court documents show.

Genesis proposes US$1.6 bln asset sale amid bankruptcy

Genesis, in bankruptcy, seeks court approval to sell Bitcoin and Ether trust assets worth US$1.6 billion.

Bybit eyes Hong Kong license: crypto expansion plans

Crypto derivatives exchange Bybit seeks to enter Hong Kong’s market with a new license application.

Celsius Network’s US$3 bln repayment begins

Celsius Network starts repaying $3 billion to creditors, marking a step towards resolving its bankruptcy.

FTX expects to repay customers, no exchange relaunch

FTX plans to repay customers amid bankruptcy proceedings, rules out exchange relaunch.

OpenSea open for acquisition amid NFT market shifts: report

Non-fungible tokens (NFT) marketplace OpenSea is reportedly considering acquisition proposals. According to DL News, OpenSea Chief Executive Officer Devin Finzer said the firm has not ruled out the possibility of selling the company, and indicated a willingness to engage with interested parties.  ”We think that if the right partnership comes along, then that’s something we […]

Floki Inu staking halted in Hong Kong after SFC warning

Floki Inu suspends its staking program in Hong Kong following regulatory warnings.

Hong Kong sees first spot Bitcoin ETF application

Hong Kong could welcome its first spot Bitcoin ETF, courtesy of Harvest Global’s recent filing.

SEC postpones verdict on Grayscale’s spot Ether ETF

Ether ETF hopefuls on hold as SEC postpones decision.

JPMorgan downgrades Coinbase to underweight

Analysts at JPMorgan slash Coinbase rating to underweight, questioning ETF impact.

Terraform Labs Seeks U.S. bankruptcy shield

Do Kwon-founded Terraform Labs files for Chapter 11 bankruptcy in the U.S.

US, UK, Australia target Hamas-linked crypto networks

Allied nations impose sanctions on entities allegedly aiding Hamas’ crypto transactions.

Bitcoin mining’s green mile: 54.5% sustainable energy use

Bitcoin mining now more eco-friendly than ever, reaching a 54.5% sustainable energy usage.

Bitcoin spot ETFs break US$10 bln trading barrier

Investors flock to Bitcoin spot ETFs, pushing trading volumes past the US$10 billion milestone.

USDT rises as money laundering tool in SEA, UN says

A UN report reveals USDT’s growing role in money laundering and underground banking in Southeast Asia

Ethereum ETFs gain support from BlackRock’s CEO

Support from BlackRock CEO Larry Fink boosts prospects for Ethereum ETFs.

Ethereum outperforms Bitcoin despite ETF debut

Ether’s price rises sharply, contrasting with Bitcoin’s stagnant performance despite recent ETF launches.

Hedera, Algorand unite for wallet recovery

The DeRec Alliance, involving HBAR and Algorand Foundations, aims to solve digital asset recovery challenges with a new protocol.