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58 articles

May 2022

Global NFT Sales Rise; Hong Kong Embraces NFTs

Bitcoin falls as Nasdaq hits its worst drop since 2020. Meanwhile, NFT exhibitions are popping up in Hong Kong.

Central banks double down on CBDC issuance: BIS report

A 2021 poll of 81 central banks by the BIS reveals that work on retail CBDCs has moved into more advanced stages, driven by a need to increase financial stability amid the pandemic, and the emergence of stablecoins.

Blockchain can transform international trade, but big hurdles remain

Blockchain can save time, money and reams of paperwork, writes Tim Bailey of Red Date Technology. But its future in global trade remains uncertain.

Bitcoin’s role in a recession; Virtual NFT vacations

KakaoBank reviews a partnership with a local crypto exchange. Meanwhile, an Indian travel company launches NFTs of travel landmarks.

Otherdeeds NFT sale puts Ethereum scalability in glaring spotlight

Top blockchain and crypto news: Otherdeeds debacle stings with gas fee spike. Algorand scores World Cup deal. Will China be forced to embrace Bitcoin?

Square Enix sells Tomb Raider; US, China’s crypto fate

Algorand becomes FIFA’s new blockchain partner for the 2022 competition. Meanwhile, Square Enix sells Tomb Raider IP for blockchain ventures.

FastForkast headlines

Coinbase shares extend free fall on drop in crypto trading, loss

ADDX, Fullerton partner to tokenize PE fund of funds

CoinDCX investment arm to invest US$13 mln in Web3 startups

Instagram to support NFTs for crypto art

Nvidia to pay US$5.5 mln for inadequate disclosure of crypto mining earnings

Gaming startup Untamed Planet gets US$24.3 mln to build natural world in the metaverse

Twitter spinoff Bluesky releases its first code ADX

Binance, a16z among investors backing Musk’s Twitter bid with US$7B

SEC places Chinese crypto mining rig maker Canaan on pre-delisting list

Coinbase NFT marketplace is now open to all

Binance bags its first European license in France

S.Korean KakaoBank considers crypto exchange partnerships

Kraken launches gas-free NFT marketplace

Hockenheimring racetrack joins Animoca Brands’ REVV ecosystem

Yuga Labs Otherside NFTs top US$285 mln; over US$175 mln in ETH gas guzzled

May 2022

Is Elon Musk’s Twitter grab good for crypto?

Top blockchain and crypto news: Tweet dreams come true for world’s richest man. Instagram scam hits Bored Apes. Bilibili tests China’s NFT boundaries.

Elon Musk is buying Twitter to colonize our headspace and send his pet DOGE to the moon

Elon Musk’s Twitter takeover isn’t really about free speech, writes Ben Armstrong, aka BitBoy Crypto. It’s an attempt to push you out of Bitcoin and sell your data.

DOGE jumps on Twitter deal; Australian crypto ETFs delay

Dogecoin skyrockets as Elon Musk’s Twitter deal finalizes. Meanwhile, a Korean music platform registers NFTs patent.

Binance makes Russia denial; CoinDCX talk future plans

Binance categorically denies sharing client data with Russia. Meanwhile, Chinese officials push for e-CNY use at the Asian Games.

CoinDCX double downs as the going gets tough in India

CoinDCX cofounder Sumit Gupta tells Forkast in an exclusive interview the crypto exchange that recently raised US$135 million will look to triple its headcount by the end of the year.

No love for Putin. Binance denies sharing data with Russia

Binance, the world’s largest cryptocurrency exchange by trading volume, denied sharing client data with Russian authorities, following a Reuters investigation into the exchange’s ties with the country.

Crypto industry looks to the UAE; Crypto’s environmental concerns

More crypto players are eyeing the UAE as a hub. Meanwhile, a mysterious map sends Pudgy Penguin NFTs skyrocketing.

Australia to list crypto spot ETFs; WazirX founders leave India

Bitcoin and Ethereum ETFs are coming to Australia. Meanwhile, Dogecoin Day has fans hyped.

World Bank rescue package throws lifeline to crypto markets

Top blockchain and crypto news: Crisis response brings crypto relief. North Korea’s Lazarus Group named in Ronin hack. NFTs face new risks in China.

Will the dog have its day on Doge Day?

Holders of the world’s leading memecoin are hoping for a repeat of 2021 where a community effort helped propel the token’s price into the stratosphere. But one industry watcher says the market is a very different place now.

US says North Korea behind Ronin hack; Binance closer to Thai business

US authorities says North Korea is responsible for Ronin hack. Meanwhile, Binance and Gulf Energy initiate joint venture.

Chasing my first crypto wallet down a rabbit hole

In Part 1 of a special Forkast series, crypto newcomer Joel Stein dips a toe into Bitcoin and Doge by opening his first-ever crypto wallet.

BSN developer’s NFT warning; LINE launches NFTs

State-backed developer delivers warning on the state of NFTs in China. Meanwhile, LINE launches a NFT marketplace.

Resist the temptation on NFTs, Chinese state-backed developer says

In an exclusive interview with Forkast, the head of government-founded Blockchain-based Service Network (BSN) cautioned against packaging NFTs as investment products despite the temptation to profit off the euphoria.

Virgil Griffith jailed; Indian exchanges disable UPI

Welcome to The Daily Forkast – April 13, 2022 – Presented by Megha Chaddah. Coming up on today’s show: Former Ethereum developer Virgil Griffith gets 63 months in prison. Coinbase snafu sets cat among the crypto pigeons in India. Huawei becomes latest of China’s tech giants to issue NFTs.  We’ll have more on those stories […]

Coinbase snafu sets the cat among the crypto pigeons in India

Coinbase’s showcasing of support by government-backed National Payments Corporation of India (NPCI) set the ball rolling on the cryptocurrency exchange being yanked from the ubiquitous Unified Payments Interface (UPI).

Indian taxes hit trading; Bored Apes movie debut

India’s crypto tax continues to break the crypto industry’s back. Meanwhile, Bored Apes are set to have a movie debut.

FastForkast headlines

Yuga Labs Otherside NFTs top US$285 mln; over US$175 mln in ETH gas guzzled

John Legend’s OurSong raises US$7.5 mln to fuel music NFTs

Chinese streaming service Bilibili debuts NFTs for foreign buyers

ApeCoin cracks US$26, now largest metaverse token ahead of Otherside

Kraken gets Abu Dhabi nod to offer full services in MENA

New US$1B crypto fund lands backing from a16z, Solana founders

Binance launches crypto card for Ukrainian refugees

Binance may set up shop in G-7 country in Europe, says founder CZ

University of the Philippines Twitter account hacked to promote NFT drop

Chinese streaming service Bilibili enables NFT transfers

Twitter accepts Musk’s US$44B bid, sends Dogecoin to crypto top 10

Indian banks ask for clarity on use of UPI for crypto assets

Grayscale fancies SEC green light for Bitcoin spot ETF

Hong Kong’s subway operator plans virtual station in metaverse

Binance hires former British regulator for compliance role

Coinbase’s NFT market enters beta for select customers

Binance.US pulls out of Blockchain Association, sets up own influence lobby

Alibaba extends NFT reach with its food delivery arm

Robinhood to acquire UK crypto app Ziglu in Europe expansion

S.Korea eyes restraints on crypto unicorn Dunamu over monopoly concerns

India’s WazirX cofounders move to Dubai

Binance.US wins license in Puerto Rico to fuel growth

India’s crypto shakedown be damned, CoinDCX raises $135 million

Binance closer to Thai business as Gulf Energy greenlights joint venture

North Korea behind Ronin hack: US

India’s crypto exchanges switch to P2P, bank transfers

Crypto liquidity aggregator FLUID raises US$10 million

Chinese tech giant Huawei debuts NFTs

Meta starts letting creators ‘monetize’ metaverse under test run

SHIB price pumps on Robinhood listing with SOL, MATIC, COMP

SFC allows HK’s MaiCapital to manage 100% digital-assets portfolio

Web 3.0 startups’ latest backer is a US$150 mln fund from Cosmos founders

India tax breaks crypto’s back

China’s Xpeng joins the bandwagon in selling NFTs on Alibaba