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58 articles

August 2022

Blockchain in India got off on wrong foot, says former finance chief 

India’s government doesn’t like cryptocurrencies and has made that clear in statements and with heavy taxes on the asset class, but what does that say about blockchain adoption?

Nomad’s US$200 million hack; Saylor steps down

Nomad loses US$200 million after over 300 suspected of participating in the hack. Meanwhile, Michael Saylor moves from CEO to Chairman of Microstrategy.

Chinese mining rig maker Canaan says global expansion on track despite ‘crypto winter’

Beijing’s drive to stamp out crypto mining and the slump in crypto prices are headwinds that Canaan says it knows how to deal with, adding that the crypto winter may be shorter than expected.

Flippening ahead?; NFT sales fall again

Is the flippening coming soon? And NFT sales drop 25% in July as the crypto winter continues.

Recovering crypto from insolvent companies may be easier than you think

A stolen painting may be lost forever, but a fraudulent Bitcoin transaction — with these legal strategies and tracing tools — can lead right to the criminal.
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ETH merge delay concerns; Buterin’s clown call

The ETH2 merge could once again be delayed. Meanwhile, Vitalik Buterin calls Michael Saylor “a total clown”.

Back to the future: Blockchain returns to the real world

As the once febrile crypto market cools, it’s time to look again at the enterprise capabilities of blockchain, says the Hyperledger Foundation’s Daniela Barbosa

FastForkast headlines

Court allows Voyager Digital to return US$270 mln in custodial account to customers

Instagram expands NFT platform to 100 countries

BlackRock, Coinbase partner to extend crypto trading to institutional investors

S.Korea’s Bithumb links system with Samsung Securities, mobile apps

Bitcoin, Ether trend lower, BNB adds to gains, Flow jumps on Meta NFT Integration

Bitcoin, Ether trend lower, Solana bounces back after hack, BNB gets a bump

India questions Binance-backed WazirX on foreign exchange violations

Philippines’ SEC warns public not to invest with Binance

MicroStrategy’s share price hits 2-month high following Saylor reshuffle

Binance cofounder Yi He to head US$7.5B VC arm Binance Labs, K-pop agency Fantagio enter joint NFT venture

Bitcoin, Ethereum little changed; Solana still lower after network hack

Cardano users said to be indirectly affected by Nomad’s US$200 mln exploit

Robinhood’s crypto arm fined US$30 mln for compliance failures

MicroStrategy CEO Michael Saylor moves to chairman role to focus on Bitcoin

BUSD reserves consist of 60.5% US Treasury bills, 4.21% cash

XRP trades down 3.5% after Ripple unlocks 1 billion tokens from escrow

Singapore court gives Vauld parent three-month protection from creditors

Binance spent over US$1B on compliance, founder Changpeng Zhao says

FDIC clarifies that cryptocurrencies are not insured

Vitalik Buterin calls MicroStrategy’s Michael Saylor a ‘total clown’

Meta’s attempts at building a metaverse will ‘misfire’: Vitalik Buterin

Apple iPhone maker’s founder distances himself from crypto fraudsters using his image

August 2022

NBA Top Shot: Dapper Labs’ slam dunk NFT | NFT Moments in History Ep. 9

Forkast x CryptoSlam! are proud to present Moments in NFT History — an explainer video series hosted by Forkast’s Joel Flynn that gives you a front-row seat to history-in-the-making. We’ve talked about NFTs being turned into sports memorabilia, but what comes after? Well, in this episode, we are quite literally talking about epic sports moments. […]

IMF warning shrugged off; US stablecoin bill race

The crypto market shrugs off IMF’s predicted recession risk. Also, U.S lawmakers racing to introduce the stablecoin bill.

Voyager gives Sam Bankman-Fried’s ‘low-ball’ bailout offer a single digit

Top blockchain and crypto news: SBF’s Voyager rescue deal spurned. Tesla pulls U-turn with BTC sale. Tencent cuts local NFT staff as it looks abroad.

Fed nerves hit crypto; Philippines crypto tax pushed

Crypto prices fall ahead of the Fed meeting. Meanwhile, the Philippines pushes for a crypto tax.

How cold storage can ward against this crypto winter’s freeze

As the Celsius bankruptcy shows, moving to decentralized ways to hold crypto is not only sensible, it’s what Satoshi envisioned all along, writes Ruben Merre, CEO and cofounder of NGRAVE.

Market bottom being tested?; Zipmex in buyout talks.

Silvergate issues warnings about the crypto winter. Meanwhile, Zipmex considers a buyout by FTX and Alameda Research.

BSP says no crypto ban; Rehab for crypto addicts

Philippine BSP governor denies plans on banning crypto. Meanwhile, a former Coinbase employee has been arrested for insider trading.

Philippine central bank governor says no plan to ban crypto

New Bangko Sentral ng Pilipinas Governor Felipe Medalla is no fan of crypto, but in an exclusive interview with Forkast, he said there’s no plan to outlaw the digital asset.

Tesla’s Bitcoin bump; Zipmex freezes withdrawals

Bitcoin drops after Tesla sells 75% of its bitcoin holdings. Meanwhile, South Korean authorities raid 15 companies as part of their Terra Luna investigations.

Celsius on thin ice well before its bankruptcy: CNBC report

Former Celsius employees allege the firm failed to ensure proper risk management and traded customer funds without proper approvals.

FastForkast headlines

Apple iPhone maker’s founder distances himself from crypto fraudsters using his image

Terra allegedly ramped up its numbers with insider trading: report

Bitcoin rig maker Canaan to deploy self-mining soon in US, executive says

Creditors take hostile action as crypto firm Vauld seeks bankruptcy protection

Crypto market quickly rebounds after IMF predicts increased recession risk

MicroStrategy shares fall after Jefferies downgrade to ‘underperform’

S.Korea slaps ‘notification upon arrival’ on Terra’s Do Kwon

Crypto exchange Kraken reportedly under investigation for Iran sanctions breach

IMF says crypto crash hasn’t quite harmed broader financial system

Singapore’s FOMO Pay partners with Ripple for XRP-based treasury payments

HTC partners with Japan’s pixiv to launch 3D anime avatars in the metaverse

Zipmex targets raising US$50 mln to cover exposure to embattled crypto lenders

Sam Bankman-Fried lashes out at Voyager for rejecting FTX’s proposal 

Aptos raises US$150 mln from FTX Ventures, Jump Crypto

Binance’s Changpeng Zhao sues Bloomberg publisher in HK

FTX proposes buying out Voyager assets and loans except for 3AC to provide early liquidity to customers

Crypto market pain will continue but still bullish on Bitcoin lending: Silvergate

SEC says 9 out of 25 assets in crypto insider trading case are securities

Tesla’s Bitcoin dump leaves accountants puzzled: report

FTX said to be in talks to acquire S. Korea crypto exchange Bithumb

Dunamu’s NFT venture with BTS’s HYBE to launch services later this year

Zipmex says considering possible offer

South Korean prosecutors said to have raided Terra cofounder Shin’s residence

Tencent to cut domestic NFT marketplace team, look overseas: report

Thai SEC seeks additional clarification from Zipmex

Former Coinbase manager arrested on insider trading charges

Kakao’s Ground X forms business alliance to expand NFT use cases, services

Tencent to shut Huanhe NFT marketplace: report

Bitcoin falls as Tesla announces it sold 75% of BTC holdings

India won’t offer respite from steep crypto taxes

S.Korea prosecutors raid crypto exchanges as part of Terra-LUNA investigation

Singapore crypto lender Vauld reportedly owes retail investors US$363 million