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1079 articles

February 2022

Is Bitcoin really a hedge against inflation?

Bitcoin’s recent slumps have been coupled with macroeconomic activities, bringing its status as an inflation hedge into question.

Ukraine’s crypto demand soars; Russian sanctions tighten

Trading volume on Ukrainian crypto exchanges triples as Russia continues its attack on Ukraine. Meanwhile, there is still no sign of Russia using crypto to evade sanctions yet,

Russia unlikely to turn to crypto if SWIFT sanction is imposed

Measures to detect sanctioned entities’ crypto transactions can come into play, experts say.

Here’s why Australia can’t use its empty deserts to mine Bitcoin

Sunny skies and wide open spaces may seem the perfect place to mine Bitcoin using cheap solar power, but one industry insider tells Forkast there’s much more to it than that.

Russian attack hits crypto: MUFG to close blockchain venture

The crypto market tanks after Russian President Vladimir Putin announces a military operation in Ukraine. Meanwhile, Japan’s biggest financial group closes it’s blockchain payment venture.

India’s crypto brain drain may accelerate once again

Government indecision on crypto regulation prompted some businesses to move abroad. Investors and crypto professionals may follow if uncertainty prolongs.

Crypto losses not protected in China; India’s bitcoin premium

Chinese court reiterates its stance that the law cannot cover crypto losses. Meanwhile, Indian investors are paying double the South Korean kimchi premium.

Why India’s Bitcoin premium is now higher than South Korea’s

The RBI is casting a cloud of regulatory uncertainty over the local digital assets industry, but the nation’s Bitcoin premium shows India wants crypto. 

Axie Infinity breaks $4BN; China’s brewing metaverse frenzy

Axie Infinity breaks $4BN mark. Meanwhile, China’s brewing metaverse frenzy sees over 16,000 trademark applications.

Why digital assets are poised to disrupt philanthropy

Charitable giving in Bitcoin and other cryptocurrencies is growing by leaps and bounds. Michael B. Greenwald and Logan Weber explain the risks and benefits.

Jump in NFT demand reflects crypto prices, right? Wrong

An asset bought and valued in crypto becomes decoupled from crypto prices, a split that reflects the differences between crypto investors and NFT buyers.

India needs to make up its mind over crypto

Although India hoped that taxation would be a step toward regulation rather than a ban, the high tax rates and proposed rules seem to be geared toward dissuading crypto trading.

Crypto market rebound is short-lived as Russia tensions loom

Investor relief at last week’s slight market rebound gave way to concerns over military tensions in Ukraine, sending crypto and traditional markets reeling.

Korea’s crypto unicorns; Hong Kong’s e-CNY pilot

Korea’s crypto sector spawns two unicorns, meanwhile Hong Kong is set to be an idea cross-border e-CNY test city.

Hong Kong makes apt testbed for e-CNY cross-border use

The city’s global reach, Hong Kong dollar and mainland ties make it a good fit for Chinese authorities to trial e-CNY international payments.

How DeFi’s user interface problems are deterring widespread adoption

DeFi can put investors at risk if they don’t understand how it works, writes Korapat Arunanondchai. Here’s how to improve user experience.

Pakistan’s crypto warning; Indian banks’ crypto reluctance

Pakistan’s State Bank governor warns crypto’s risks, also in India, banks show crypto reluctancy.

RBI is causing crypto hesitancy among Indian banks

India’s crypto tax plan was expected to bolster adoption, but the central bank’s hold on the banking sector puts a check on crypto-related services.

HK watchdog’s NFT warning; DBS plans crypto expansion

HK watchdog’s sends out warning calling NFT a threat, meanwhile in Singapore DBS plans a crypto expansion

Bitcoin’s 30-day performance shows it’s not just another tech stock

As Bitcoin’s price movement began to mirror that of traditional markets, some likened it to tech stocks. Its recent price action shows otherwise.

Forget synthetic wombs. Give women more opportunities in DeFi and Web3

Vitalik Buterin’s advocacy of synthetic wombs misses the point, writes Izzy Howell of Cypher. Here’s why crypto can do more for gender equality.

RBI chief’s crypto warning; Korean crypto execs jailed

Reserve Bank of India’s chief sends crypto warning. In addition, Korean crypto execs gets jailed

Collision or coexistence: Can CBDCs and crypto live side by side?

As more countries announce plans for central bank digital currencies, will that break crypto’s promise as the future of money?

Guilty verdicts handed down in S.Korea’s biggest crypto scam

Seven executives of scam crypto exchange V Global were found guilty on Friday and sentenced to jail time — but it might not be enough to console victims.

Will the growing regulatory heat on stablecoins stifle innovation?

As stablecoins face pressure to adopt traditional safeguards, the industry’s efforts to self-regulate should not be overlooked, writes Charlie Martin of Gro.

Bandai Namco plans IP metaverse; Russia’s crypto flip

Japanese gaming giant Bandai Namco plans on a metaverse with their IP meanwhile, Russia does a crypto flip.

China’s e-CNY pilot to boost Hong Kong as offshore yuan trading center

Upcoming digital yuan trial to piggyback on Hong Kong’s popular Faster Payment System for smoother cross-border transactions.

Indian crypto tax creates more confusion than clarity for traders, exchanges

The announcement of a crypto tax dispelled fears of a ban but left exchanges wondering whether they may be hurt in the long run.

FastForkast headlines

Ethereum reaches 1 million NFT buyers as gas fees sink

Russian soldiers offered Bitcoin in exchange for white flag

India top court queries crypto legality over $2.6B Bitcoin scam

Top NFT game Axie Infinity generated $1.3B in revenue last year

Bitcoin donations for Ukraine military surpass $1M

Putin’s attack triples Ukrainian crypto exchange’s trading volume

Crypto traders in China may serve over 10 years in prison

Dogecoin price prediction for 2022 set lower than February peak

Bitcoin, crypto market tank as Putin declares war on Ukraine

Terra bullish trend continues; rest of crypto top 10 in red

India’s crypto ads to get ‘highly risky’ banners starting April

Digital yuan pilot attracts Chinese province bordering Russia

Hedera gears up for smart contract upgrade, leads market rebound

Tether slashes commercial paper, shows more reserves than liabilities

Solana, Terra join Bitcoin in free fall as markets continue tumbling

11 arrested in India’s five-year, $5.4M crypto scam

LooksRare trails OpenSea in sales volume as developers cash out $30M

Cardano to close 2022 at $2.79, experts predict

‘Extreme fear’: Bitcoin continues bear run, while Solana is up

OpenSea CEO: $1.7M phishing not from the NFT marketplace

Circle’s growth outpaces Tether as it doubles valuation

Bitcoin leads market-wide downturn as Russia fears rise

Biden to order crypto oversight: report

Australia’s NRL latest sporting league to ink crypto sponsorship

NEO gets price bump after NFT integration on BSN

Philippines to provide residency through Oz token staking

Crypto assets, stablecoins pose risk to global financial stability: FSB

Pakistani central bank echoes RBI’s concerns over crypto

Warren Buffett invests $1B in Bitcoin-friendly Nubank

RBI calls for crypto ban in India, again

DBS Digital Exchange hits new high in trading value

Russian-linked strains lead crypto ransomware in 2021: Chainalysis

India government, central bank in ‘complete harmony’ on crypto: FM

Ethereum price expected to hit $7,609 in 2022: report

Cryptocurrencies are not legal in India, future uncertain: Union minister

Bitcoin outperforms tech stocks by 12% average in last 30 days

Bitcoin hashrate reaches new ATH in 32% surge

Tiger Global leads $50M round in Philippine crypto exchange

North Korea refutes crypto hack allegation, claims the US made it up

Crypto is ‘not even a tulip,’ India’s central bank chief says

EU to introduce bill next year to plan a digital euro

JPMorgan predicts $150,000 Bitcoin price in the long run

E-CNY chief says digital dollar poses no threat to China

Crypto to be OK’d for circulation in Russia, as ban concerns fade