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1096 articles

October 2022

The Digital Rupee

Despite India’s repeated warnings against cryptocurrencies, crypto exchange giants WazirX remain hopeful of a digital rupee.

Brazil police bust crypto group led by ‘Bitcoin Sheikh’

Gold bars, cash, jewelry, cars and luxury watches bought with defrauded funds are seized.

S.Korea’s parliament audit on Terra-LUNA falls short of expectations

The National Assembly wanted to get to the bottom of the Terra-LUNA collapse on Thursday. At the end of a long and speech-filled day, lawmakers left empty-handed.

Middle East & North Africa lead crypto adoption driven by inflation, remittance payments: Chainalysis

Emerging markets dominated the 2022 Global Crypto Adoption Index, with Latin America second in transaction volume growth.

How will the crypto tax debate play out in the UK?

Like many nations, the UK is formulating new rules and guidelines for crypto taxation. Will they help or hinder its crypto hub aspirations?

3 reasons crypto will spring back after Crypto Winter

The crypto market has been down for months, but the industry’s long-term future is brighter than ever, writes Guilhem Chaumont of Flowdesk. Here’s why.

Apes still rule among the bears: NFT market falls for fifth straight month

‘Crypto Winter’ has touched all elements of the crypto market, and non-fungible tokens are no different.

FastForkast headlines

WazirX wants to integrate India’s digital rupee

Markets: Bitcoin rises but remains below US$20,000; Ether gains, XRP leads crypto top 10

RBI to begin CBDC pilots, outlines wholesale, retail concepts

Arrested Terra employee, Do Kwon associate, released from custody amid S. Korea Terra-LUNA probe

Markets: Bitcoin dips; BNB drops on chain glitch; Ether, XRP little changed

EU Council approves MiCA text for crypto regulation

South Korea’s Dunamu CEO blames weak regulation for Terra-LUNA aftermath

Ripple slams SEC’s opposition to brief motions in XRP lawsuit

Terra’s network validator DSRV Labs CEO denies prior knowledge of Terra-LUNA collapse

Singapore’s central bank says illegal crypto operations will be hunted down

Aussie laundered stolen retirement funds via Hong Kong using crypto, diamonds

South Korea makes first arrest in Terra-LUNA investigation

S.Korea gov’t failed, special prosecutor needed on Terra-LUNA, lawmaker says

Ripple Labs joins blockchain carbon credit partnership

S.Korea financial regulator restates support for blockchain, crypto protections

Terra CEO Do Kwon to lose his passport within a month

Markets: Bitcoin dips but holds above US$20,000, Ether falls, XRP only gainer in top 10

CBDCs, tokens can integrate to existing payments systems, SWIFT claims

Markets: Bitcoin holds above US$20K; Dogecoin gains 7.37%; Hang Seng Index jumps 6% in Hong Kong

SEC opposes motions from two firms seeking to back Ripple in XRP lawsuit

Terra cofounder Daniel Shin pulls out of S.Korean parliamentary audit, report says

Markets: Bitcoin rises above US$20,000, gaining with Ether and rest of crypto top 10 as U.S. equities surge

Solana NFT sales up 77% in September despite sluggish quarter

Markets: Bitcoin price holds above US$19,000; Ether rises, XRP biggest gainer

Tether says commercial paper holdings now less than US$50 mln

Markets: Bitcoin price rises above US$19,000, Ether and rest of crypto top 10 gain

SEC fines Kim Kardashian US$1.26 mln for promoting EthereumMax

Bitcoin miner reserves hit lowest level since Feb 2010

Two firms seek to weigh in on XRP lawsuit between SEC, Ripple

Coinbase says it resolved glitch that blocked trades from U.S. bank accounts

Markets: Bitcoin price falls below US$19,000, XRP down, BNB only gainer in crypto top 10

October 2022

Terraform cofounder Daniel Shin to testify in South Korean parliament

South Korea’s National Assembly intends to get to the bottom of the Terra-LUNA debacle in its next audit in October along with several other issues surrounding the local crypto industry.

The US Dollar vs Crypto

The “dollar milkshake theory” suggests that the US Dollar would suck up liquidity from other currencies worldwide – but what does it mean for crypto?

Institutional finance, role of regulators in focus at TOKEN2049 crypto conference

The second Forkast report on Asia Crypto Week’s anchor event explores what bets TradFi players are making, how Asian investment patterns differ from those elsewhere, and what cooperation between crypto companies and regulators should look like

Scalability is Ethereum’s post-Merge focus: Vitalik Buterin

Vitalik Buterin identified Ethereum’s next big challenges as scalability and layer 2 implementations at the Converge22 conference.

Cryptocurrency crowd shrugs off market woes at upbeat TOKEN2049 conference

In the first of a two-part report on this year’s cryptocurrency gathering in Singapore, defiance outshone defeatism despite industry’s struggles.

South Korea’s investigation of Do Kwon ‘unfair’: Terraform Labs

Terraform Labs Pte. Ltd., the firm behind the collapse of the Terra-LUNA stablecoin project said South Korean prosecutors’ measures in pursuing its chief executive officer Do Kwon violate his basic rights under Korean law.

Are stablecoins like Tether ready for regulatory scrutiny?

The Terra UST disaster is spurring regulators to converge on global stablecoin standards, writes Michael Shing of XREX. But major issuers still fall short.

Australia gears up for state-backed digital currency trials

Top blockchain and crypto news: Digital dollar didgeridoos. Bitcoin softens as sterling sinks. ‘World’s dumbest’ crypto criminals nabbed in China.

Could reversible crypto transactions tackle hacker crime? Stanford study sparks debate

What if you could hit the undo button on an Ethereum blockchain transaction after discovering you’ve been scammed?

Cryptocurrencies much more than trading tools, says Caselin at AAX exchange 

Who will regulate the regulators is a time-honored question and one Bitcoin enthusiasts raise when talking about the benefits of the token’s fixed supply versus the tendency of central banks to switch the money spigots off and on.

Do Kwon denies cashout allegations

The man behind Terra-LUNA contradicts the basis of the new action South Korean authorities took to corner and locate him.

China busts ‘world’s dumbest thieves’ in digital yuan money laundering case

Chinese authorities can track e-CNY wallet transaction history, if warranted, thanks to its ‘managed anonymity’ design.

FastForkast headlines

Markets: Bitcoin price falls below US$19,000, XRP down, BNB only gainer in crypto top 10

XRP price surges after U.S. court rejects SEC objection in Ripple lawsuit

Binance launches ETHW mining pool, ETHW price surges

India financial crime unit cites ‘Chinese-controlled entities’ in alleged crypto fraud

ENS address registrations in September notch an all-time monthly high

Markets: XRP jumps amid court ruling against SEC, Bitcoin gains, Ether sole loser in crypto top 10

SEC charges Hydrogen Technology for selling unregistered securities 

Bitcoin mining difficulty drops 2% after reaching all-time high in last adjustment

Hong Kong seeks suitable use case to sell public on retail CBDC: report

Bitcoin ‘might double in price’ under CFTC regulation, its chairman says

Sweden’s central bank to test use of retail CBDC for instant payments

Markets: Bitcoin, Ether rise; BNB leads gainers in top 10 crypto, followed by Solana

USDC coming to five additional blockchain ecosystems

India ED freezes US$1.57 mln in crypto allegedly laundered through WazirX, Binance

Russia said to consider digital ruble settlements with China

Alex Mashinsky steps down as Celsius CEO

Markets: Bitcoin price back under US$20,000, Ether little changed, XRP falls, Uniswap gains

Markets: Bitcoin price rises above US$20,000, XRP rebounds, Ether rallies

SEC fines Tether’s former auditor US$1 mln over accounting malpractice

Upbit exchange to use LUNC fees to set up crypto monitoring center

Polkadot eyes increasing transaction speed by 100 to 1,000 times

Terra Classic surges 50% as Binance offers token burning mechanism