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58 articles

November 2021

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

Canaan sues over patent infringement; PayTM considers crypto services

Canaan sues over patent infringement also, PayTM considers crypto services

Is 2021 the year of crypto’s coming of age?

Blockdata co-founder Jonathan Knegtel thinks so. Almost a teenager, Bitcoin is reaching a level of maturity that’s defying the predictions of its critics.

Crypto mining rig maker Canaan sues two Chinese tech companies over patent infringement

Canaan is seeking $14 million in alleged losses from Shenzhen HighSharp Electronic Technology and Sichuan Yinbimei Technology.

DBS’ digital assets under custody surge 200% in Q3, bank to scale up digital exchange

DBS Bank — Southeast Asia’s largest lender — intends to scale its crypto exchange as it invests in blockchain and wants to be nimble to adapt to how DeFi evolves.

Ant Group,, Tencent pledge to resist speculation of ‘digital collectibles’

Ant Group and Tencent recently rebranded NFT projects as digital collectibles amid China state media criticism.

Defiant Facebook, now renamed Meta, goes all in on metaverse strategy as scrutiny tightens

Facebook, now called Meta, is casting off one of the world’s most famous names to retool itself into a metaverse company. Will its $10 billion bet pay off?

FastForkast headlines

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

Temasek-founded Affinidi launches new business unit to bring Web 3.0 to financial services to Southeast Asia

BlockFi files for Bitcoin spot ETF with SEC amid regulatory heat

Crypto funds see record $8.9B investment inflows so far this year

Mastercard joins Amber Group, Bitkub and CoinJar to launch crypto payment cards

Huobi migrates spot trading services to regulated entity in Gibraltar

Ethereum sets new all-time price high as crypto market cap nears $3 trillion

hashport launches to power cross-network digital asset transfers

Solana Ventures, Lightspeed Venture Partners and FTX partner to invest $100M in Web3 gaming

Huobi to give away ticket to space as part of 8th-year celebration

Microsoft, Nike embrace metaverse following Facebook’s name change

Institutional inflows into crypto year-to-date 30% higher than 2020 total

Report: Stablecoins, CBDCs may not resolve financial inclusion, international remittance challenges

November 2021

India’s long-awaited crypto regulation coming in February, finance ministry officials say

Recent developments indicate the government is looking to regulate the sector instead of quashing it, and industry experts remain optimistic. 

Tesla’s trillion-dollar triumph — and its bond with Bitcoin

Top blockchain and crypto news: Is Tesla’s turbocharge a boost for Bitcoin? Mastercard’s Bakkt with a new crypto deal. Chinese NFTs on knife-edge.

What are the risks of recreating reality in the metaverse?

New virtual worlds are full of opportunities, writes Sandra Helou of Zilliqa. But what if real-world problems get magnified in the metaverse?

DBS, JPMorgan, Temasek-funded Partior goes live for cross-border transactions

The Singapore government-incubated blockchain platform promises to dramatically speed up transactions and lower the cost of international trade.

Alipay and Tencent now call NFTs ‘digital collectibles’ amid state media criticism

Tech giants banish non-fungible token references as Beijing looks down new virtual asset market.

The Philippines looks to blockchain voting for its diaspora

The nation’s elections commission wants to upgrade its voting technology to improve voter turnout and public trust. Does blockchain check the boxes?

Proshares files for exemption; Shiba Inu hits all-time high

Proshares files for exemption meanwhile Shiba Inu hits all-time high

S. Korea’s top financial regulator accused of giving special treatment to Upbit

A lawmaker claims authorities gave the country’s largest crypto exchange privilege in meeting government requirements.

Trick of the trade: Is SEC helping or reining in Bitcoin with ETF?

Top blockchain and cryptocurrency news: Bitcoin grows up. Facebook’s metaverse journey. China’s crypto investors find a workaround.

China’s crypto investors get creative to bypass domestic trading ban

Some are registering companies overseas, via — you guessed it — Taobao vendors.

FastForkast headlines

Report: Stablecoins, CBDCs may not resolve financial inclusion, international remittance challenges

Facebook changes its corporate name to Meta to build on metaverse vision

DBS Bank first in Southeast Asia to join Hedera Governing Council

Robinhood posts 78% decline in Q3 crypto profits

Ripple launches first RippleNet ODL with Pyypl in the Middle East

Binance NFT launches initial game offerings

Mastercard partners with Bakkt to offer crypto payments

Bitcoin propels crypto institutional inflows to record $1.5B

China’s BSN launches service portal in Hong Kong, Macau with digiXnode

Tencent to establish gaming studio believed to be related to metaverse: report

FTX raises $421 million, valuation jumps $7B in 3 months

Ripple expands cross-border payments using XRP with Tranglo in Asia, Al Ansari Exchange in Middle East

Tesla records $51M Bitcoin impairment charge in Q3 despite profit growth

Blockchain gaming unicorn Animoca Brands closes $65M capital raise at $2.2B valuation

Huobi Japan gets regulator’s approval to offer crypto derivatives

U.S. lawmakers urge Facebook to halt Novi’s pilot launch

Facebook to create 10,000 jobs in the EU to build its vision for the metaverse

Institutional investors pour into Bitcoin amid ETF excitement

Tether fined $41M for misleading claims it was fully backed by fiat