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58 articles

December 2021

Top crypto CEOs face House committee grappling with regulations

Stablecoins, US dollar primacy and energy consumption were among the topics in the questioning homing in on how to regulate the crypto industry.

BIS: DeFi has few real-economy uses, says ‘decentralization is an illusion’

With suitable regulation in place, DeFi could yet play an important role in the financial system, BIS suggests.

South Korean regulator jumps to a crypto exchange

Experts expect more disruption as the crypto industry matures and a younger generation places different values on status and job security.

Indian crypto community sees silver lining after 1st week of parliamentary session

A cabinet note suggests the government intends to regulate cryptocurrencies as assets with the Securities and Exchange Board of India at the helm.

Binance crypto license plans in Singapore uncertain

Will crypto exchange Binance withdraw its license application in Singapore and look elsewhere in its search for a new global home?

Investors queasy as prospect of India crypto ban returns

Top blockchain and crypto news: Are India’s CBDC plans crowding out crypto? Jack Dorsey goes full Bitcoin bro. China’s digital yuan hopes claim another victim.

FastForkast headlines

Animoca Brands holds $15.9B in digital assets at end-November

Binance acquires 18% stake in HGX securities exchange in Singapore

Tencent Cloud wins bid to build massive blockchain platform in Beijing

Fidelity launches spot Bitcoin ETF in Canada

Binance, Animoca Brands launch $200M investment program to accelerate GameFi startups

Binance chief CZ wants to bring business back to UK: report

Foxconn’s Terry Gou: mainstream monetary finance could not be decentralized

After Facebook’s name change to Meta, Square has now become Block

1inch Network closes $175M Series B funding round

NFTs on China’s BSN migrate to OpenSea to tap global market

Huobi Group poised to establish regional hub in Singapore

Is an IPO in the cards for India’s first crypto unicorn CoinDCX?

December 2021

Why a decentralized metaverse is Web 3.0’s new frontier

The metaverse is a convergence of the physical and digital worlds, writes Gloria Wu of Ontology. How can the metaverse escape Web 2.0’s failings?

China’s new mobile payment rules could pave the way for e-CNY, experts say

In the long run, the new rules may ‘lay the perfect foundation’ to improve risk management, says an ICBC expert.

Metaverse picks up momentum; Binance tweet gets yellow card

Metaverse picks up momentum, on the other hand Binance tweet gets yellow card

What is SafeMoon and can it safely reach the moon?

SafeMoon, known for high fees and social media hype, is now 85% below its all-time high. What lies in SafeMoon’s future?

Korea crypto tax debated; on a tear

Korea crypto tax debated meanwhile, is on a tear 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 ‘going from strength to strength.’

South Korea’s great crypto mystery: What’s up with Upbit at 9 am?

Every morning at Upbit, the nation’s largest cryptocurrency exchange, a brief and odd surge in random altcoin prices takes place. Which crypto will it be tomorrow?

Chinese mining rig maker Canaan reports record-high earnings

China may be banning crypto mining activities, but rig makers appear to be spared from the clampdown.

3 teams, including ConsenSys, win Singapore’s CBDC Global Challenge

The projects topped 300 rivals in their potential to improve the future digital Singapore dollar in payment services and financial inclusion. Who were the other winners?

India’s 1st parliamentary meeting on crypto ends with consensus on regulation — and no ban

While the government has yet to figure out the details, a crypto regulatory regime is expected to be released before February.

‘Double Eleven 2021: Common Prosperity’ — how an NFT project examines Chinese tech giants’ dominance

In a 48-second, computer-generated 3D animation, ROK uses a decentralized format to offer an ironic take on China’s internet giants crowding to host the shopping holiday.

Ripple to launch ‘game-changer’ liquidity hub amid XRP legal battles with SEC

Trying to move beyond XRP, Ripple hopes its customers will join RippleNet with a wallet that supports fiat and other cryptos like Bitcoin and Ether.

Why the crypto industry needs compromise and education

FTX founder and CEO Sam Bankman-Fried says building products that people want is what matters most, and the crypto industry and regulators will need to find compromises to resolve some of the industry’s pressing issues.

BitMEX CEO expects 5 to 10 countries to adopt Bitcoin by next year

While El Salvador carved out its place in history as the first country in the world to adopt Bitcoin as legal tender, there are others that may follow for an array of reasons.

What is the future of crypto and DeFi regulations?

From China’s crackdowns to El Salvador’s Bitcoin adoption, where is the world headed in how governments regard crypto? An expert panel explores the future of decentralized finance in the global economy.

Crypto market cap breaks US$3 trillion: APAC crypto cards to launch

Crypto market cap breaks US$3 trillion, also APAC crypto cards to launch

FastForkast headlines

Is an IPO in the cards for India’s first crypto unicorn CoinDCX?

Huobi Brokerage launches crypto lending for institutions

New York Fed and BIS join hands to launch fintech hub

Twitter CEO Jack Dorsey resigns

Soccer superstar Iniesta given the yellow card over Binance promo tweet

Hex Trust to provide financial services for Animoca gamers

Animoca to cover victims’ losses in Phantom Galaxies-related hack

Elon Musk takes on Binance with Dogecoin withdrawal glitch

South Korea’s Upbit launches NFT trading platform; FNC launches K-pop digital collectibles

Palau partners Ripple on national stablecoin using XRP Ledger

Ontology partners with bloXmove on decentralized transport infrastructure

OliveX to raise $5.8M via share placement to build fitness metaverse

South Korean crypto exchange acquires stake in major bank

Indian banks continue to resist crypto a week before legislation hits Parliament

NFL players accept salary in crypto and DAO forms to buy NBA team

Bitcoin, Ethereum prices continue descent, but crypto funds see inflows

Martha Stewart releases Thanksgiving-themed NFTs

Chinese mining rig maker Canaan boosts self-mining business in Kazakhstan

Crypto exchange Bithumb gets South Korea regulatory approval

World Economic Forum launches digital currency info resource

Crypto exchange Gemini raises $400M for product and market expansion

Amid crypto crackdown Bitmain donates US$1.7M to Chinese lab

Algorand price soars over 50% to new two-year high

AVAX hits all-time high after Ava Labs’ deal with Deloitte

ConsenSys raises US$200M as MetaMask surpasses 21M monthly active users

Indian regulator greenlights first blockchain feeder fund

LA’s Staples Center to be renamed Arena

Marathon Digital discloses SEC investigation and raises US$650M in debt

UAE’s LuLu Exchange, Pakistan’s Bank Alfalah partner on cross-border payments

Bitcoin, Ethereum prices drop as crypto funds see record $9B in inflows this year

Animoca Brands dreams big with K-pop agency Cube to build metaverse and NFTs

South Korea’s crypto exchange Coinone makes the cut, but not Bithumb

Double Eleven: 240,000 orders by e-CNY on top e-commerce platform

Tencent CEO excited about metaverse as Q3 revenue lags

Middle-ground India crypto bill could be introduced this month

Apple boss Tim Cook says he owns cryptocurrency

Crypto exchange Huobi to stop serving Singapore-based customers

Coinbase reports 75% drop in Q3 profits — despite SHIB listing