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58 articles

September 2021

China fallout hits mining; Korea digital custody competition heats up

China fallout hits mining meanwhile Korea digital custody competition heats up

Ant Group and Tencent obtain the most blockchain patents in China: report

China saw a fivefold increase in blockchain patents last year despite the Covid-19 shutdown.
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IOHK has big plans for Cardano, including Dish, Chainlink partnerships

At the Cardano Summit over the weekend, IOHK founder Charles Hoskinson revealed a slew of partnerships and other developments for the Cardano blockchain

Damage to South Korean crypto market limited despite mass closure, regulator says

South Korea’s virtual asset industry is expected to withstand major regulatory reconstruction

FTX CEO: This is the canary in China’s crypto ban coal mine

Amid China’s new clampdown, why is DeFi surging and the RMB-to-crypto market important? Sam Bankman-Fried analyzes what it all means and why FTX is leaving Hong Kong for a new home.

Chinese crypto exchange Huobi looks to the world as China shuts the door on crypto

Huobi’s diversified businesses outside of China reached nearly 70% in terms of trading volumes, and have been on the rise, its co-founder tells Forkast.News.

China’s crypto ban: what you need to know

How is China’s latest clampdown on crypto different from its previous bans — and how do authorities plan to catch the scofflaws? Henri Arslanian of PwC breaks it down.

Bhutan to adopt Ripple’s XRP technology for CBDC pilot

Ripple’s win in Bhutan comes as it suffers a setback in a US court as judge rebuffs Ripple’s request for SEC’s internal trading decisions over XRP.

India may not be ready to follow El Salvador’s lead, but don’t rule out cryptocurrency, finance minister says

Nirmala Sitharaman says ‘a futuristic thing can’t be shut out’ as the country considers crypto regulation, including a possible blanket ban.

Upbit becomes South Korea’s first newly registered crypto exchange

Upbit can operate as a virtual monopoly as it becomes the country’s first licensed business to handle cryptocurrencies.

Boba network announces mainnet launch of layer 2 optimistic rollup

ETH 2.0 is expected to address transaction speeds and gas fees on the world’s number two blockchain, but a growing number of layer-2 protocols are looking to solve those issues today.

India’s largest public bank bars payments to crypto exchanges

Most banks distance themselves from virtual asset platforms as the country’s central bank lobbies for a ban.

Crypto exchange Binance wants centralized headquarters amid regulatory heat

Under scrutiny around the world, the largest cryptocurrency exchange wants to do a better job engaging with regulators.

Why Cardano’s Charles Hoskinson says DeFi is ‘up for grabs’

As Cardano’s Alonzo upgrade goes live, founder Charles Hoskinson of IOHK calls DeFi a ‘bubble.’ How does he think the regulation that is sure to come will reshape DeFi in the future?

Canaan reports record revenues; Korea says no to crypto tax delay

Canaan reports record revenues meanwhile Korea says no to crypto tax delay

Canaan sees strongest ever quarterly sales results

Leading Chinese crypto mining hardware manufacturer attributes robust revenue to ‘substantial increase in total computing power sold.’

China’s blockchain infrastructure project goes live in Hong Kong, Macau

Blockchain-based Service Network (BSN) soft launch is the first attempt to roll out the state-backed ‘internet for blockchain’ outside of the Chinese mainland.

Litecoin unloved at Walmart. Cardano’s Alonzo upgrade. China takes aim at NFTs.

Top blockchain and crypto news: Walmart dispels Litecoin hoax. Cardano’s real work begins. Beijing bears down on NFTs.

FTX hit by hack rumor; Korea updates crypto death note

FTX hit by hack rumor meanwhile Korea updates crypto death note

Walmart, FTX and Animoca Brands hit by crypto misinformation

Scams and fake news have long dogged the crypto world. This week saw two major blockchain companies and a global retailer get swept up by hack rumors or hoaxes.

What are smart contracts and what are they used for?

In this Forkast.News explainer, learn why blockchains with smart contract capability are surging in popularity and the new darlings of investors.

Cardano smart contracts set for Sunday: CrossTower launches in India

Cardano smart contracts set for Sunday also CrossTower launches in India

‘Pororo the Little Penguin’ NFTs and metaverse theme park underway

The Sandbox, Animoca Brand’s subsidiary for decentralized virtual gaming, announces partnership with animation studio in Korea.

SEC pushes back on Ripple’s legal questions over XRP

Ripple wants to know how SEC regards Bitcoin, Ether and XRP, but SEC says Ripple is repeating the same questions as ‘they do not like the answers they received.’

Binance Smart Chain one year on — from DeFi to NFTs and gaming

Have DeFi exploits on BSC hindered the blockchain’s success? NFTs and gaming offer a boost.

SEC threatens to sue Coinbase over high-yield savings account

Crypto platform CEO claims regulators use ‘intimidation tactics behind closed doors’ by refusing to provide clarity.

Solana hits all time high: FTX’s NFT marketplace spammed

Solana hits all-time19 high as FTX’s NFT marketplace spammed

FTX’s NFT platform spammed by fish; SBF’s test NFT sells for $270,000

FTX is the latest crypto exchange to join the NFT bandwagon. “Make your own NFTs,” CEO Sam Bankman-Fried tweeted. 

Korean exchanges offered lifeline; NFL bans crypto sponsorships

Korean exchanges offered lifeline while NFL bans crypto sponsorships

NFL flags NFTs, crypto sponsorships for teams while it huddles on a digital game plan

The American football league’s 32 teams cannot sell NFTs or accept backing from crypto trading firms — at least for now.

How aggrieved traders are uniting against Binance after the crypto crash

Too small to fight as individuals, Binance users are now banding together to take on the world’s largest crypto exchange in arbitration. David Kay of Liti Capital explains how it’s done.

So, no ban? India’s crypto bill will treat virtual currencies as commodities in the asset class

The veil of uncertainty that has shrouded crypto regulatory discussions seems to be lifting, but how the government will regulate and tax digital money remains to be seen.

Deadline looms for Korean exchanges; Doge meme tokenization explodes

Deadline looms for Korean exchanges as Doge meme valuation explodes

SEC wins access to Ripple’s Slack message for XRP lawsuit

Overruling Ripple’s objections over cost, a judge gives the SEC a green light to review more XRP-related Slack communications.

India crypto exchanges allow bank deposits; FTT token on a roll

India crypto exchanges allow bank deposits while FTT token on a roll

Jack Dorsey’s Bitcoin bourse. Are NFTs in bubble trouble? China banks on e-CNY.

Top blockchain and crypto news: Does TBD stand for Twitter Boss Decision? NFTs’ ballooning interest. How billions in e-yuan are coursing through China.

BSN to launch South Korea portal; Canaan secures huge rig order

China’s BSN to launch in South Korea portal as Chinese Canaan secures huge mining rig orders

Genesis Digital Assets signs deal for 20K mining machines to fuel growth in North America, Nordic region

The order follows a June purchase by Genesis of 10K machines from China-based Canaan, one of the world’s biggest Bitcoin mining rig makers

China’s state-backed blockchain network to expand to South Korea

As its first international expansion, China’s Blockchain-based Service Network is launching a portal in Korea. Who are the key players, and where else in the world will BSN emerge this year?

FastForkast headlines

Ripple launches $250M fund for NFT creators to build on XRP Ledger

China’s BSN to set up foundation in Singapore to fuel international expansion

Crypto funds see 6th consecutive week of inflows led by Bitcoin: CoinShares data

Binance to restrict Singapore users from buying crypto and spot trading on Binance.com

Chinese blockchain Conflux partners with GIGXPAD to tokenize real-world assets in Africa

Cardano to host storefront for developers to upload their DApps

Crypto unicorn Amber Group eyes listing in U.S. despite lack of regulatory clarity

After Singapore, Binance pulls back from Australia under growing regulatory pressure

Crypto exchange Coinbase nixes plan for lending product after SEC lawsuit threat

Solana funds see institutional investment inflows despite recent network outage

Binance faces US probe for possible insider trading and market manipulation

Avalanche’s AVAX token surges to all-time high after $230M fundraise

SEC chair says most cryptocurrencies including stablecoins are securities

Solana funds attract strong inflows of $50M despite crypto market correction last week

Alibaba’s Tmall sells out mooncake NFTs

Mastercard acquires crypto investigation firm to boost security

Mark Cuban to Coinbase: ‘Go on the offensive’ against SEC over high-yield product

Bitcoin sees first positive institutional inflows in 8 weeks; Bitcoin, Ethereum, Solana lead inflows

SEC launches probe into Uniswap Labs

Binance.com to cease trading in Singapore

Japan’s SBI Holdings announces plans to launch crypto fund by November

OKEx launches NFT marketplace and DeFi hub

Market cap of crypto mining firms surged 121% this year: CoinShares Research

‘Crypto Dad’ Giancarlo steps down from BlockFi board

Singapore adds Binance.com to list of unregulated entities

FTX FTT token hits all-time high after LedgerX acquisition

BIS Innovation Hub, 4 central banks in CBDC test for cross-border transactions

FTX acquires LedgerX to expand into US crypto derivatives market

September 2021

Why Facebook’s Novi wallet could strike gold in SE Asia

Facebook’s Novi is ready to launch. Here’s why the Diem crypto wallet might find an especially warm welcome in places like the Philippines and Malaysia.

FastForkast headlines

FTX acquires LedgerX to expand into US crypto derivatives market

Ethereum, Cardano, Solana lead institutional crypto inflows: CoinShares

Square’s Jack Dorsey to build decentralized Bitcoin exchange

Crypto mining rig giant Bitmain confirms TSMC chip price jump