Articles filed under

Cryptocurrencies

1083 articles

March 2023

Weekly Market Wrap: Bulls fight to keep Bitcoin above US$22,300, as industry experts predict ‘crab walk’

With 69% of Bitcoin supply in profit, BTC is struggling to stay above the US$22,300 support level. A daily close below US$22,300 could see Bitcoin retest the US$21,450 support level. Industry experts share their end-of-March Bitcoin price predictions with Forkast.

Crypto’s March Pullback

Cryptocurrencies across the market took a hit this week despite performing well over the past year.

Why DAO governance is riddled with problems and voting is a farce

DAOs are supposed to be democratic, egalitarian and inclusive, but those ideals are far from the current reality, writes Awa Sun Yin of Namada.

CBDC: Boon Or Bane?

Critics fear CBDCs could mean the end of cryptocurrencies, and an increasing number of countries are racing to develop their own.

Singapore’s DDEx eyes security token offerings, mulls adding more cryptocurrencies

DBS bank’s digital exchange, which serves institutional clients, said macroeconomic conditions last year were not suitable for security token offerings (STO), but it will explore opportunities for such listings in 2023 and plans to add more crypto tokens.

Bitcoin Punks exceed 1,145 ETH in daily trading volume as Bitcoin Ordinals gain traction

Less than two months since the launch of the Ordinals protocol, Bitcoin Ordinals are gaining traction. Yuga Labs announced its first Bitcoin-native NFT collection, on the same day Bitcoin Punks saw over 1,145 ETH in trading volume. Industry commentators told Forkast what this could be for the Bitcoin network.

Bitcoin’s price gains this year bring needed relief to cash-strapped crypto mining industry

Officials at Bitcoin mining companies say the rebound in prices so far this year for the world’s biggest cryptocurrency has thrown a lifeline to the industry after some miners sought protection from creditors last year amid the slump in the token’s price.

FastForkast headlines

Bitcoin, Ether inch up as investors await U.S. Fed chair’s comments; Forkast NFT 500 index dips 0.44%

Hong Kong’s crypto scam losses in 2022 more than double from 2021: SCMP

China’s WeChat social media giant integrates digital yuan into payment platform

South Korea reports US$4.3 billion in illegal foreign transactions involving cryptocurrencies

Bitcoin, Ether little-changed in downtrend day; Forkast NFT 500 index dips

Singapore police begin probe linked to Do Kwon’s Terraform Labs: Bloomberg

Bitcoin gains, all other top 10 cryptos in the red amid Silvergate fallout

Bitcoin treads water below US$22,500, Ether dips with other top 10 cryptocurrencies

Ethereum core developers delay Shanghai hard fork to early April

Bitcoin, Ether fall; Litecoin is biggest loser of day

Bitcoin falls below US$23,000, Ether slides in crypto price slump across the board

Australia’s central bank identifies CBDC use cases as it prepares pilot launch

Japanese banks to launch, test stablecoins on ‘Japan Open Chain’

Bitcoin, Ether fall along with most top 10 cryptos amid potential for larger interest rate hikes

China’s digital yuan initiative gets cold reception from Hong Kong visitors

Bitcoin, Ether rise; Polygon leads rebound in top 10 non-stablecoin cryptocurrencies

Creation of U.S. digital dollar would ‘crowd out’ crypto: ex-Biden adviser

Visa not slowing down with crypto plans, says its crypto chief

Bitcoin, Ether rise along with most top 10 cryptos, amid ‘bull trap’ warning

Bitcoin, Ether fall; Polkadot leads losers among top ten tokens

March 2023

Crypto Crimes Surge

2022 saw a lot of cryptocurrencies traded illicitly through various crypto exchanges – but that figure only represents less than 1% of all crypto transactions performed. Could things be looking up?

Crypto is experiencing growing pains. What’s coming next?

Now a teenager, crypto is wrestling with its identity and purpose. But it’s learning from its mistakes and on its way to maturity, writes Zach Bronstein of Endaoment.

Asia’s Opportunity to Lead Crypto Regulations

Crypto industry’s interaction with regulators is important and quite common in Asia but missing in the US, says Brooks Entwistle of Ripple Labs.

Weekly Market Wrap: Bitcoin lingers at US$24,000 level after Wall Street’s worst day in 2023 so far

Bitcoin remained resilient around the US$24,000 level on Tuesday despite Wall Street’s worst day of the year so far. Industry experts are eyeing a potential retest of the US$25,000 psychological level, as a failure to reclaim it may result in a downtrend to around US$21,500.

Crypto’s Weird Prices

Bitcoin and other cryptocurrencies have remained stable while Wall Street reported its biggest loss of the year. How has crypto remained unimpacted by problems seen by the stock market?

Why crypto offers great career opportunities for talented women

The blockchain sector’s gender divide is narrowing. Its newness and founding ideals also allow for more flexible workplaces, writes Anastasia Kor of Choise.com.

Trust in crypto is in shambles. How can we rebuild it?

Greater transparency and confidence in who you are transacting with could go a long way toward alleviating public mistrust, writes Travis Nelson of Quadrata.

Weekly Market Wrap: Bitcoin rises above US$23,000 after its first weekly ‘death cross’

Bitcoin briefly climbed above US$25,000 for the first time since August 2021, before declining to US$23,764 after its first weekly “death cross.” Investors liquidated over US$70 million worth of Bitcoin short positions in the past 24 hours, according to data aggregator GlassNode, contributing to BTC’s rally.

Bitcoin Breaches US$24,000

Bitcoin experienced its first ‘death cross’ ever, but what does this mean for the coin’s trajectory?

Weekly NFT sales spike after Blur’s Valentines airdrop

Blur.io, the NFT marketplace that beat OpenSea’s trading volume in the past month, airdropped its platform tokens on Valentine’s Day, contributing to the global NFT sales increase this week.

CeFi, DeFi, CoFi?

CeFi and Defi are terms you’ve probably heard of before. But what exactly is CoFi, and how could it fulfil crypto’s promise of helping investors take back control of their finances?

Go ahead and ban staking. Crypto investors will just go elsewhere

The SEC’s latest heavy-handed approach toward crypto will leave investors less protected while benefitting dodgy offshore companies, writes Danny Talwar of Koinly.

Paxos ordered to stop minting Binance stablecoin as SEC mulls legal action

Top blockchain and crypto news: Paxos halts BUSD issuance. Kraken faces disclosure charges. Beijing backs new blockchain research center.

FastForkast headlines

Bitcoin, Ether fall; Polkadot leads losers among top ten tokens

Bitcoin, Ether prices fall; Solana biggest loser in top 10 cryptos

Coinbase exchange to delist Binance USD, says stablecoin ‘no longer met our listing standards’

Markets: Bitcoin, Ether little changed; Polygon’s Matic token leads losers in top ten crypto

Markets: Bitcoin, Ether gain; Polygon, XRP biggest losers

South Korea’s Lotte Group partners with Polygon for global NFT drive

Bitcoin, Ether gain, shrug off fall in U.S. equity markets; Solana bounces back

Markets: Bitcoin, Ether fall along with all top 10 cryptos as investors await consumption index

IMF releases crypto action plan, advises against legal tender status

Markets: Bitcoin down, Ether up; US equities rise as unemployment benefit claims slide

Markets: Bitcoin, Ether rise along with top 10 cryptos despite Fed signals to raise interest rates

Bitcoin back above US$24,000, Fed releases February minutes

Binance, Ingenico begin crypto payments in France

Markets: Bitcoin, Ether extend losses; Polygon, Solana biggest losers

Markets: Bitcoin, Ether fall as 2-year bond nears 15-year high

Polygon Labs cut 20% of workforce

Bitcoin exceeds 154,000 inscriptions in a month as Litecoin Ordinals launches

Markets: Bitcoin gains, returns to US$25,000; XRP biggest winner in top 10 cryptos

Markets: Bitcoin, Ether up, Solana, Helium rise after merge announcement

Bitcoin surpasses Visa’s market cap to be 11th largest asset in the world

Markets: Bitcoin rises above US$24,000; Solana gains most in top 10 cryptos

Markets: Bitcoin dips below US$24,000 to start the trading week in Asia

Japan to launch digital yen pilot programme in April

Markets: Bitcoin, Ether fall along with most top 10 cryptos following hawkish U.S. Fed remarks

Do Kwon, founder of collapsed Terra stablecoin, charged with fraud by U.S. securities regulator

Markets: Bitcoin slips back below US$24,000 as inflation worries resurface in U.S., equities slide

Markets: Bitcoin rallies over 11% as top 10 cryptos gain, memecoin Floki surges 82%

El Salvador to establish ‘Bitcoin Embassy’ in Texas to promote adoption of digital assets

Markets: Bitcoin breaches US$24,000 to highest price since August as short sellers liquidated

Markets: Bitcoin, Ether extend gains; Cardano rises most among top 10 cryptos

Singapore’s DBS Digital Exchange’s Bitcoin trade volume grows 80% in 2022

Binance CEO says more non-USD stablecoins may emerge