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February 2022

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.

AssangeDAO strikes crypto gold

WikiLeaks founder’s legal defense fundraising bonanza. Shiba Inu’s big new leap. NFT fever rises in China.

What is Web 3.0 and how will it shape the crypto future?

By returning data ownership and reshaping human-machine interactions, the third generation of the internet promises an interconnected future.

Memecoins prove their staying power, despite industry skepticism

Last weekend’s rally shows there is still life left in memecoins. Industry insiders weigh in on where they stand in the long run.

Bithumb goes for Olympic gold; India crypto tax questions

South Korean crypto exchange Bithumb goes for Olympic gold, meanwhile in India clouds cast over crypto tax questions

Year’s biggest rally pushes crypto market cap above $2 trillion

After a poor start to the year, the market needed some good news. Industry watchers urge caution.

What I learned from my role in digitizing the yuan

CBDCs are vulnerable to hacking and the powers of quantum computing, cybersecurity expert Amnon Samid writes. Central banks must heed the warning.

Will blockchain’s future be cross-chain or multi-chain?

Vitalik Buterin caused an uproar over his recent criticisms of blockchain bridges. Here is a rebuttal in support of this nascent technology.

Indian crypto tax ends fears of ban as investors brace for impact

Top blockchain and crypto news: New Delhi’s crypto give and take. Malice in Wonderland? Hong Kong’s selective spot ETF rules.

Australian Aboriginal sovereign CBDC up and running

In a first for the country, the Sovereign Yidindji Government in Australia has issued a CBDC with its first transaction occurring this week.

Crypto adoption may rise as industry self-regulates

Crypto regulations are lagging the market’s needs, and the industry should help create order to gain greater public trust, writes Imgesu Cetin of Defy Trends.

Non-US XRP investors petition for congressional investigation of SEC

Lawyer for 63,000 XRP investors invites non-US investors to demand a congressional investigation of the SEC for impropriety.

FastForkast headlines

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

Shiba Inu metaverse tease fuels 60% price boost

Crypto helps fund Ukraine defense against Russia

Indian crypto exchange CoinDCX crosses 10 million user mark

US seizes $3.6B worth of Bitcoin stolen in 2016 Bitfinex hack

3D NFT marketplace coming to Polygon via Smart MFG

Polygon raises $450M led by Sequoia Capital India

Japan’s Mitsubishi UFJ to issue yen-pegged stablecoin: report

Dogecoin, Shiba lead memecoin pack in market rally

Crypto donations rise by 1,558% on The Giving Block in 2021

Indian investors want government to reconsider crypto tax rate

Solana DeFi avoids meltdown as Wormhole loss replaced

Aussie mining billionaire files suit against Meta over crypto ads

Another NFT marketplace launches ‘vampire attack’ against OpenSea

India FM: RBI to issue blockchain-based digital rupee

Thailand scraps proposed 15% crypto withholding tax after backlash

Solana wallet Phantom brings valuation to $1.2B after $109M Series B

Meta sells stablecoin Diem project for $182M

February 2022

Warner Music partners with The Sandbox; Crypto Lunar New Year gifts

Warner Music partners with The Sandbox for metaverse, meanwhile crypto still a niche gift for lunar new year

When the going gets tough, the tough get their wallets out

The recent crypto price plunge has done little to rattle new investors. Are they just buying the dip, or is there more to it? Q9 Capital’s James Quinn explains.

Why governments have powerful incentives to develop digital currencies

CBDCs can increase financial inclusion and prevent crime, according to blockchain expert Tiana Laurence. What’s not to like about state-backed digital money?

Regulatory uncertainty has not slowed down India’s crypto sector

With new products and services being launched and international exchanges setting up camp, crypto startups thrive despite the shadow of a crypto ban.

Crypto mining’s Great Migration continues — out of Kazakhstan

Political chaos and power shortages are causing miners to flee a nation that only recently became the world’s second-largest Bitcoin producer.

Crypto market suffers mauling as bears go berserk

Top blockchain and crypto news: Market chills make investors shiver. Hacking storm at OpenSea. Has Beijing tamed NFTs?

‘We’re in a crypto super cycle,’ says CoinFLEX CEO

Mark Lamb of CoinFLEX takes a 20-year view of crypto and predicts ‘infinitely bigger’ growth than imagined today, with stablecoins leading the transformation.

How to avoid regulatory pitfalls in an increasingly ‘cryptoized’ world

Crypto regulations run the gamut from wait-and-see to total prohibition. What are the dos and don’ts of smart regulation?

Korea to survey crypto assets; China hunts for CBDC talent

Korea will include virtual assets in its financial survey, while China’s central bank hunts for CBDC talents.

Where does Singapore’s crypto policy go from here?

Despite Singapore’s reputation as a crypto-friendly hub, the truth is more complicated. Is the city-state purposely keeping out small companies?

Crypto market tumbles amid uncertainty over Russia and Ukraine

Bitcoin and Ethereum fall below psychologically important levels as rising uncertainty clouds markets. Is the Fed also depressing crypto’s prospects?

NFTs and music: Is the fan outcry over NFTs’ environmental impact warranted? | Part 4

K-pop fans are waging online campaigns against their favorite artists over NFTs, denouncing the technology’s carbon footprint. How polluting are NFTs?

Korea plans metaverse leadership; Russian bank proposes crypto ban

South Korea envisons itself becoming a top metaverse leader, while Russia’s central bank proposes crypto ban.

Crypto investors are being wooed in South Korea’s tight presidential election

The top contenders jockey for position on initial coin offerings and other blockchain-based innovations. How did crypto become a critical factor in the race?

Digital dollar leaps closer to reality with new Fed paper

Though the world’s most powerful central bank does not stake a position, its discussion paper is a big step toward supporting a future US digital currency.

FastForkast headlines

Meta sells stablecoin Diem project for $182M

Territory in northeastern Australia launches own CBDC

Japan must cooperate with Europe, US on CBDC, BOJ says

S.Korean gaming giant Netmarble to issue own cryptocurrency

Hong Kong to pilot international trade settlement for mBridge this year

Apple to turn iPhones into payment terminals

Russia’s finance ministry calls for crypto regulation, not ban

Crypto market briefly up, then falls as US Fed leaves interest rates unchanged

Cybercriminals launder $8.6B in 2021, up 30%: Chainalysis

S.Korea crypto market growing but needs promotion, not just regulation: BCG

Thailand to regulate cryptocurrency as payment method

BIS to study DeFi for SME financing in Hong Kong

Survey: India wants crypto regulation clarity from Parliament

Interpol issues ‘purple notice’ on Bitcoin phishing case in S.Korea: reports

SEC wins time to resist crucial document handover to Ripple in XRP lawsuit

Zhejiang urges its cities to host the next digital yuan pilots

OpenSea NFT marketplace hacked for 332 ETH

Fantom overtakes Binance Smart Chain in DeFi TVL

Bitcoin price slumps as mining hashrate and difficulty reach ATHs