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58 articles

July 2022

Vauld buyout talks; Celsius fights against bankruptcy

Crypto exchange Vauld is in buyout talks with Nexo. Meanwhile, other exchanges are in a fight against bankruptcy as Celsius pushes on despite short squeeze.

Three Arrows, Voyager failures raise questions of who is next in crypto fall from grace

The crypto winter is killing off companies that took on big risks when markets were booming. So is this the shakeout all financial markets go through?

MAS mulls crypto limits; Pacquiao’s Pacman NFTs

Singapore’s monetary authority mulls on crypto limits. Meanwhile, Manny Pacquiao drops his NFT collection despite the crypto winter.

Crypto winter hits NFTs; Three Arrows Capital files for bankruptcy

Three Arrows Capital files for bankruptcy in the US. Meanwhile, SBF and FTX agrees deal with option to buy for up to US$240 million.

FastForkast headlines

Celsius shuffles its board of directors amid liquidity crisis

Voyager faces delisting from Toronto Stock Exchange after bankruptcy filing

China’s BSN says daily NFT transactions surpass Ethereum

Three Arrows Capital contagion reaches Genesis brokerage

Voyager crypto firm loaned US$377 mln to Sam Bankman-Fried’s Alameda Research

Most Indian traders impacted by India’s crypto tax: survey

Nexo in talks to buy out Vauld

Tencent’s music app tests NFT avatars, virtual music room

Can Cardano pack a punch with Pacquiao NFTs?

Crypto lender CoinLoan reduces its daily withdrawal limit by 99%

BlockFi’s deal with Sam Bankman-Fried’s FTX will prioritize clients

Meitu’s Bitcoin, crypto investments down by over US$50 mln

Samsung produces 3nm chips that can be used for Bitcoin mining

Cryptocurrencies a clear danger: India central bank chief

China’s Ant Group, Tencent, Baidu, push for NFT self-regulation

July 2022

Voyager calls time on Three Arrows as crypto fund teeters on the brink

Top blockchain and crypto news: Three Arrows fallout spreads. BIS calls BS on crypto. Chinese regulatory vacuum chills an NFT platform.

Bitcoin Jesus denies default; Celsius fight back planned

Bitcoin CEO Roger Ver denies defaulting on a loan to CoinFLEX. Meanwhile, Youtuber Bitboy takes aim at Celsius Network.

Wall Street seems to sense opportunity in distressed crypto markets

While critics say the bubble has burst on crypto, Wall Street is moving in to take advantage of what could be some fire-sale asset prices.

BIS warns over crypto; Crypto bailout battles

BIS warns over crypto, calling it unreliable as money. Meanwhile, Morgan Creek Capital counters FTX’s US$250 million BlockFi bailout.

Warnings on crypto, Bitcoin have materialized, says central bank body BIS

Deeper structural flaws in crypto make it unsuitable as the basis of a monetary system that serves society, the Bank for International Settlements said in its annual report.

Crypto lending platforms, DeFi seem to be having an Animal Farm moment

In a decentralized society envisaged under crypto, everybody is reportedly equal. But as the market strains under considerable stress, it’s showing some are more equal than others.

New York City pride parade will also be marching through the metaverse

LGBT event organizers see the metaverse as technology of the emerging Web3.0 world that opens doors and opportunities for marginalized communities.

Crypto winter ushers in account freezes as platforms feel the chill

Top blockchain and crypto news: Investors snowed in as liquidity crunch hits. Solend harpoons anti-whale maneuver. Chinese NFTs prove a tricky target.

Cardano delays upgrade; Shib and Doge make gains

Dogecoin and Shiba Inu make gains as Elon Musks tweets support. Meanwhile, Vauld joins other crypto exchanges in axing staff.

S.Korea blocks ex-Terra employees from leaving country amid investigation

Prosecutors said they also wish to interview Terraform Labs Chief Executive Officer Kwon Do Hyung as part of an investigation into the multibillion dollar collapse of the company.

NFT fraud in focus; Bybit job cuts

Crypto exchange ByBit lays off 30% of its staff. And as the NFT market grows, how do we combat against scams?

Crypto self-custody is no longer a choice. It’s an imperative.

Celsius and Babel Finance’s freezing of customer accounts highlights the risks of intermediaries, writes Nick Saponaro. Crypto users should take back control.

Bitcoin bounces back; South Korea crypto tax delay

Bitcoin recovers from it’s weekend slump, standing at over US$20K. Meanwhile, Elon Musk’s support sees Dogecoin gain 12%.

3AC foreclosure concerns grow; Fed boost short lived

BlockFi’s Zac Prince says they have fully liquidated 3AC positions. Meanwhile, Hong Kong’s central bank works with the Bank of Israel to study CBDC security.

Crypto rises on Fed hike; Three Arrows insolvency concerns

Bitcoin, Ethereum and TRX recover as the Federal Reserve raises interest rates. Meanwhile, Three Arrows Capital faces liquidation concerns.

Crypto market slumps; USDD depegging fears

USDD loses its dollar parity. Meanwhile, Binance resumes Bitcoin withdrawals.

Inflation bashes crypto market; South Korea’s new listing rules

Inflation hits crypto markets hard as Bitcoin drops almost 8%. Meanwhile, South Korean exchanges work on new rules to prevent another Terra Luna incident.

The metaverse isn’t a fad but part of the future economy

An open and interoperable metaverse economy will drive consumer activity — and it’s on a similar track for growth as e-commerce, writes Ben Caselin of AAX.

On the shoulders of a giant: How a huge state fund is nurturing Web3

Singapore investment behemoth Temasek has been in the digital asset space for several years, and it’s doubling down on its commitment, says its blockchain chief.

FastForkast headlines

China’s Ant Group, Tencent, Baidu, push for NFT self-regulation

Genesis Trading at risk of nine-figure losses in 3AC contagion: report

Michael Saylor’s MicroStrategy buys more Bitcoin

Tencent launches XR unit to develop ‘benchmark’ VR products

Axie Infinity’s Ronin Bridge up and running after months of repairs

Chinese blockchain developer calls crypto a Ponzi scheme

Investors yank US$453 mln from Bitcoin: report

India’s CoinDCX says it restricted crypto withdrawals

Morgan Creek said to try to counter FTX’s BlockFi bailout

Kakao’s Klaytn partners with OpenSea for NFT expansion in Asia

Terra CEO Do Kwon denies allegations of fraud

RBI, India banks launch blockchain-based trade financing project

Sam Bankman-Fried steps in to bail out BlockFi

eBay acquires NFT marketplace KnownOrigin

Singapore grants in-principle approval toward offering payment services

Cardano delays Vasil blockchain upgrade, citing bugs and ‘abundance of caution’

Valar Ventures-backed Vauld to lay off 30% of staff

Bybit to cut up to 30% of its workforce

Babel Finance says liquidity pressure eased with new debt agreements

Elon Musk pumps Dogecoin amid lawsuit tops US$60 mln in digital yuan sales in 618 shopping festival

Binance didn’t buy US$2B worth of Bitcoin, founder Changpeng Zhao says

Hong Kong to research retail CBDC cybersecurity with Israel, BIS

BlockFi among those that foreclosed on Three Arrows Capital: report

Huobi closes Thai crypto unit, regulator revokes license

A few large trades likely broke UST’s peg: Chainalysis

Coinbase lays off 8% of its India workforce

Yahoo, Meta look to Hong Kong for metaverse tests

Coinbase, biggest US crypto exchange, cuts workforce by 18%

Michael Saylor, MicroStrategy stick to their guns on Bitcoin

Binance resumes Bitcoin withdrawals

MicroStrategy, crypto firm shares plunge with Bitcoin’s freefall

Tokenized assets can bring trillions of dollars to DeFi: JPMorgan, Onyx

India’s crypto tax a blessing in disguise, stockbroker says