March 2024
Wall Street giants test blockchain for capital markets
Major financial institutions complete large-scale blockchain pilot on Canton Network.
MetalCore game secures US$5 mln for development
Studio 369’s blockchain-based game MetalCore receives fresh funding to enhance AI-driven features and ecosystem.
Ethereum surpasses US$4,000 ahead of Dencun upgrade
The Dencun upgrade for Ethereum is expected to dramatically reduce gas fees for layer-2 networks and enhance scalability.
ChainGPT launches US$1 mln grant for Web3-AI startups
ChainGPT’s new grant program aims to foster AI and blockchain innovation, offering up to US$1 million for startups.
Fed Chair Powell: No immediate plans for US CBDC
Jerome Powell assures Senate Committee that a U.S. central bank digital currency is not forthcoming, prioritizing privacy and banking system integrity.
Wormhole launches 617 mln token airdrop to boost decentralization
Wormhole’s airdrop of 617 million W tokens aims to decentralize governance and reward community engagement across multiple blockchains.
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.
February 2024
BitForex exchange halts, US$56 mln outflow sparks exit scam fears
Crypto exchange BitForex suspends operations without explanation, following a US$56 million withdrawal, raising concerns of a potential exit scam.
Circle ends USDC support on TRON network
USDC halts TRON support, aligning with Circle’s IPO plans.
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.
Worldcoin’s WLD token hits record high as users surpass 1 mln
Worldcoin’s record surge comes on the back of OpenAI’s new text-to-video tool, Sora.
Animoca brings 3 crypto wallets onto its Mocaverse network
Animoca Brands announces partnerships with OKX Wallet, Crypto.com DeFi Wallet, and Halo Wallet, elevating the user experience in the Mocaverse network.
Aptos joins the Web3 phone business after Solana’s success
New cryptophone by Aptos and Jambo priced at US$99 targets customers in Africa, Southeast Asia and Latin America.
STRK token launch targets 1.3 mln users, US$1 billion valuation
StarkNet’s upcoming token airdrop could become the largest in history.
DN404, a new hybrid NFT standard challenges ERC-404
The NFT landscape evolves with DN404, a fresh rival to the ERC-404 standard.
Solana’s second smartphone hits 100,000 pre-orders
The blockchain company’s latest mobile venture for a US$450 pre-order price per phone brings in US$45 million for Solana.
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.
OSL and UBS pioneer first tokenized warrant transaction in Hong Kong
Fusing traditional banking and blockchain, OSL collaborates with UBS to execute Hong Kong’s first transaction of a tokenized warrant on the Ethereum.
Sara Stratoberdha named new CEO of CoinDesk
Bullish, the cryptocurrency exchange, announces Sara Stratoberdha as CoinDesk’s new leader, emphasizing the platform’s commitment to unbiased and independent journalism under new ownership.
Ethereum sets March 13 for Dencun upgrade
The Ethereum network is poised for a significant upgrade this March, with the Dencun update focusing on proto-danksharding.
Ethereum staking hits milestone: over 25% of supply now locked
Despite the Shapella upgrade allowing withdrawals, Ethereum’s proof-of-stake transition continues to attract validators, with over 30 million Ether staked.
Jack Dorsey’s BlueSky now open for all
BlueSky, the decentralized social media platform by Jack Dorsey, opens its doors to the public.
Solana logs back in after a five-hour outage, SOL rebounds
Solana, a blockchain that has been plagued with outages in the past, had its first network interruption in almost a year.
BNB Chain highlights DeFi, gaming and AI in 2024 roadmap
The “One BNB Paradigm” aims to streamline BNB Chain’s ecosystem, focusing on DeFi, gaming, and AI.
January 2024
Classic Doom revived on Dogecoin network
Gamers can now play Doom directly on the Dogecoin blockchain, merging nostalgia with modern tech.
Algorand CEO’s social media account hit by hackers
Algorand community warned as CEO’s social media falls prey to hackers.
Swan Bitcoin debuts mining operations ahead of IPO
Swan Bitcoin steps into mining ahead of halving as it prepares for a stock market debut.
Terraform Labs Seeks U.S. bankruptcy shield
Do Kwon-founded Terraform Labs files for Chapter 11 bankruptcy in the U.S.
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.
Bitfinity valued at US$130 mln ahead of launch
With its recent US$7 million funding, Bitfinity wants to enhance Bitcoin’s utility in DeFi and NFTs.
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.
Musk’s social media X halts NFT hexagon avatars
Social media platform X, under Elon Musk, quietly removes NFT profile picture feature, aligning with broader tech industry trends.
BNB Chain Fusion may unify BEP-2 and BEP-20 by 2024
BNB Chain’s merger plans aims for a seamless and secure blockchain by April 2024
November 2023
Let’s use Web3 to grow projects that fight climate change
The most promising carbon offset programs can still wither and die from financing distress. Blockchain technology can help them survive and bear fruit.
Creator economy, AI & the move to half a trillion dollars
Welcome to Forkast IQ, presented by Forkast’s Megha Chaddah, where we look beyond the headlines to get you insights that power smarter decisions. In this special edition, Forkast News spoke to one of the leaders of the Web3 industry, Yat Siu, co-founder and chairman of Animoca Brands.
Blockchain can transform the real estate business — if we remove the roadblocks in its way
From reducing paperwork to verifying title quickly, blockchain technology promises to overhaul the age-old industry. But it faces regulatory hurdles and resistance by those who profit from inefficiency.
UK & EU push ahead on stablecoins, HK approves another crypto exchange & Apefest marred by complaints
The UK’s crypto hub dream is coming to life while some attendees of Apefest 2023 in Hong Kong complaint on severe eye pain post-event.
Grassroots crypto adoption to follow real-world use cases, says Chainalysis APAC policy lead
Blockchain-based gaming and remittances among top drivers toward adoption in central and South Asia.
Binance introduces self-custody Web3 wallet
Binance said it aims to onboard the next billion Web3 users with its new wallet.
What we can learn from the sunsetting of Reddit’s crypto rewards program
Reddit’s shortsightedness and fixation on profits ultimately led it to pull the plug on Community Points. But here’s why Reddit should still be commended.
SBF convicted on all charges, Hong Kong buzzes with Web3 events
SBF is found guilty of fraud, Hong Kong hosts Fintech Week, Neo advances Web3, Backpack launches NFT exchange, and more.
Nomura-backed Komainu partners Crypto Garage for institutional crypto services
The collaboration aims to build institutional crypto services in Japan.
How blockchain can fortify children’s online safety
Colossal failures in online age verification have opened the floodgates for kids to access harmful content and become ‘friends’ with adult strangers. Can encrypted decentralized IDs put a stop to all that?
October 2023
Web2 social media is in a race to the bottom. Web3 can do better
Platforms like Facebook, Reddit and the hot mess formerly known as Twitter are alienating users like never before. ‘Web3 doesn’t let you be a dick and get away with it,’ writes Joonatan Lintala, CEO of Phaver.
Mastercard explores partnerships with crypto wallets MetaMask, Ledger: CoinDesk
Mastercard’s potential tie up with custody service providers may turbocharge crypto wallets’ growth with its global payments prowess.
Parity Technologies, Polkadot blockchain developer, lays off 30% of staff
Parity CEO Björn Wagner said that despite the need for layoffs, the company’s financial health “remains robust.”
Dark Side of the $MOON: What the collapse of Reddit Community Points teaches us about Web3 tokenomics
To quell the uproar over the imminent death of a popular rewards program, Reddit is blaming ‘scalability’ and regulatory woes. But the real culprit is Reddit itself for failing to make its tokens sustainable, writes Fabio Galbi, CEO of VSC.
Astar, Startale Labs announce Web3 partnership with Japanese telecom giant, KDDI
Astar Network and Startale Labs partner with Japanese telecom giant KDDI to boost Web3 adoption.
Wallet Wars’ raW Pass NFTs sells out in 5 minutes
Wallet Wars, a Space Invaders-inspired game with a Web3 twist: upgradeable NFT spaceships.”
SUI Foundations denies supply manipulation allegations
SUI fell to a new all-time low on Wednesday following supply manipulation allegations, which the Sui Foundation denies.
Solana Foundation partners with DMCC Dubai
The SOL token rose over 5% in the 24-hour after the partnership was announced.
Digital frontiers: Alex Tapscott on Web3, AI, and banking’s new dance
From tech monopolies to the synergy of AI and blockchain, Alex Tapscott, author of “Web3: Charting the Internet’s Next Economic and Cultural Frontier,” dissects the trajectories of the digital landscape.
Blockchain’s 2 billionth user could be an AI, says Joe Lubin
The CEO of blockchain services provider Consensys and co-founder of Ethereum spoke to Forkast at the Token 2049 crypto conference in Singapore. He discussed decentralization and what he sees as the crucial role to be played by blockchain in AI and vice-versa.
Clay Nation launches Cardano-Polygon NFT bridge in The Sandbox
Clay Nation, a project of 10,000 non-fungible tokens (NFTs), announced the launch of a new blockchain bridge for Cardano and Polygon networks in The Sandbox metaverse. See related article: DOJ seeks to block Bankman-Fried from bringing up Anthropic fundraise in court Fast Forkast See related article: NFT creators seek alternatives after OpenSea cuts royalties
SBF trial kicks off, Singapore gives crypto licenses as blockchain data comes to rescue
Welcome to Forkast IQ, presented by Forkast’s Megha Chaddah, where we look beyond the headlines to get you insights that power smarter decisions.
HKEX to launch smart contract settlement platform
Hong Kong Exchanges and Clearing Limited (HKEX) announced on Wednesday that it is implementing a smart contract upgrade to its Connect, a system that bridges Hong Kong and China’s stock markets, to enhance post-trade workflows and reduce settlement risk. See related article: SFC to monitor illegal VATP activities with Hong Kong Police Force Fast Facts […]
CMCC Global raises US$100 mln to launch Hong Kong Web3 fund
CMCC Global, a Hong Kong-based blockchain-focused venture capital fund, announced Wednesday that it raised US$100 million to launch the “Titan Fund.” See related article: SFC to monitor illegal VATP activities with Hong Kong Police Force Fast Facts See related article: Valkyrie CIO expects US spot Bitcoin ETF approval in Q2 2024 (Update adds comment from […]
To succeed, Web3 must become human-centered
Web2 may be easier than ever to use, but its users are plagued by personal data theft and other security risks. Here’s how Web3 can do better.
Silver Lining? Google Cloud’s head of Web3 talks Big Tech possibilities for the blockchain
At the Token 2049 crypto conference in Singapore held Sept. 13 to 14, Google Cloud’s James Tromans spoke to Forkast about a possible marriage between Webs 2 and 3.
Chainalysis cuts 150 employees
Chainalysis, a New York-headquartered blockchain intelligence firm, is reportedly laying off about 150 employees, or approximately 15% of the 900 staff members. See related article: ‘There’s no doubt we picked a side here’ — Chainalysis founder Michael Gronager talks analytics, Ukraine and crypto adoption in Asia Fast Facts See related article: Bitwise to launch two […]
September 2023
Quantum computing is coming out of the shadows. Web3 should be scared
Quantum computers may one day crack the cryptographic algorithms that underpin everything from Bitcoin to digital IDs. What can be done to secure Web3’s future?
‘There’s no doubt we picked a side here’ — Chainalysis founder Michael Gronager talks analytics, Ukraine and crypto adoption in Asia
In the second in a series of 1-on-1 interviews from the Token 2049 crypto conference in Singapore held Sept. 13-14, Michael Gronager, founder of blockchain analytics firm Chainalysis, spoke to Forkast about crypto use in the Ukraine conflict, tracking illicit on-chain activity and digital asset adoption in Asia.
Have we learned anything from Curve Finance and DeFi’s susceptibility to attacks?
The DeFi giant may have escaped a death spiral, but exploits and code problems like what it recently suffered are more commonplace — and preventable — than what the industry acknowledges.
PayPal’s stablecoin is a big step forward for crypto’s legitimacy but not much yet for the cause
PYUSD’s launch is injecting much-needed trust into crypto’s turbulent landscape, but its current form does not come with any of the benefits of real crypto, writes Danny Chong, co-founder of Tranchess.
AI, Asia and analytics — an interview with Nansen’s Alex Svanevik
Blockchain analytics are key to understanding the nascent crypto industry. But the analysis sector is far from immune from the pressures of the ongoing crypto bear market. In the first of a series of 1-on-1 interviews from the Token2049 conference held in Singapore Sept. 13-14, Alex Svanevik, CEO of blockchain analytics firm Nansen, sat down with Forkast to discuss current crypto challenges, the Asia growth market and the increasing use of artificial intelligence in the industry.
HK’s SFC & US SEC crack the whip as Blockchain Week rocks Manila
It’s a week for regulatory enforcement in the cryptocurrency space as blockchain takes center stage in the Philippines.
Adding AI to Web3 will spark a Cambrian explosion of innovation — but not anytime soon
Blockchain and AI’s synergistic combination will create technology beyond today’s wildest imagination. But true AI-Web3 integration remains a difficult affair.
How Singapore is redefining Web3’s public-private landscape
Now a top-ranked crypto hub, Singapore is a shiny example of the central role that government can play in nurturing industry growth while bolstering consumer protections.
Friend.tech a surprise hit among crypto investors at Token2049 as they urge ecosystem expansion
Funders see the novel social media network as emblematic of an abundance of opportunity in crypto and DeFi amid infrastructure gaps and increased integration with real-world assets
Crypto and Formula One’s honeymoon is over, can Web3 save a rocky marriage?
The third installment of Forkast’s ‘Crypto in Sport’ series comes from Singapore, which this week plays host to Formula One’s Singapore Grand Prix. Crypto companies poured hundreds of millions of sponsorship money into F1 at the height of the bull market, but might a prolonged crypto winter pull the plug on this marriage of convenience? Or can diversification and real world use cases help breathe new life into the relationship? Welcome to crypto’s very own drive to survive.
Half a world away — Gary Gensler’s SEC dominates discussion at Singapore’s Token 2049
Billed as Asia’s largest crypto event, Token 2049 took place over Sept. 13-14 in the Southeast Asian city-state of Singapore. Drawing over 10,000 attendees from all parts of the world, there was excitement about blockchain adoption in the region. But repeat references to one man were a reminder of the U.S. regulatory concerns weighing heavily on the crypto industry.