Articles filed under

Cryptocurrencies

1083 articles

February 2023

Crypto Clampdown Begins

As financial regulators around the world continue to crackdown on stablecoins, some are asking if they are overreaching their jurisdiction.

Be careful what you wish for? Regulators pick up pace in the crypto industry crackdown

Last year was memorable in the emerging world of digital assets for the sheer number of corporate failures. The industry itself has been asking for clearer legal guidelines to help development. Is that what’s happening now?
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Why the crypto sector needs radical transparency in the post-FTX world

Self-custody is cumbersome and carries risks of seed phrases getting lost, but how can we ensure if a third-party custodian can be trusted?

Crypto Clarity Coming?

The UK and Europe are following suit in trying to regulate crypto. Just how far along have they come and what more do they have in store?

What is the outlook for crypto in 2023 and beyond?

Tokenization, stablecoins and DeFi will be growth areas, but regulatory uncertainty is still holding back adoption, writes John Avery of FIS.

Bitcoin Price Dips

Bitcoin has fallen 4.5% since last week, but could this be seen as the coin trading sideways, or could we see even more drops in Bitcoin’s price?

Weekly Market Wrap: Bitcoin retreats below US$22,000 after a record January. Is the strong start to 2023 reversing?

After the strongest January price increase since 2013, Bitcoin gave up some of its gains this week to dip below the US$22,000 support line on Friday. The crypto market was buffeted by bearish comments on interest rates by U.S. Federal Reserve officials this week, along with concerns about a regulatory crackdown. Is this the start of a downtrend, a healthy correction, or the beginning of a so-called “crab” market moving sideways?

Lessons from FTX: crypto investment risks and how to avoid them

The recent spate of crypto exchanges freezing customer accounts should be a wake-up call to investors everywhere. What can you do to better protect yourself?

Upgrading The Cloud

Blockchain data storage could be a game-changer in defining the future of cloud storage. Should you also be using blockchain to store your data?

CBDCs are coming. Here’s why you should worry

Governments are pushing central bank digital currencies to exert more control over macro policy, writes Josef Tětek of Trezor. But your money and privacy are also at stake.

South Korea prosecutors say Serbia ready to help fraud investigation into Terra’s Do Kwon

Prosecutors flew to Serbia earlier this month as part of an investigation into Terraform Labs chief Do Kwon, who faces fraud accusations related to the US$40 billion collapse of his Terra-Luna cryptocurrency project in May last year.

Shanghai Staking Surge

Ethereum’s Shanghai upgrade brings about new changes and flexibility for investors – how much of an impact could it have on the industry?

Control Your Crypto

As new technologies emerge, could there be a shift in crypto storage methods?

Filecoin developer Protocol Labs cuts 21% staff amid ‘crypto winter’

Crypto layoffs last month matching 41% of the total industry job cuts in 2022, a new study finds.

Weekly Market Wrap: Bitcoin breaches US$23,000 in best monthly performance since October 2021

Bitcoin climbed more than 39% in January to break through the US$23,000 resistance ceiling in its best monthly performance since October 2021. Can the world’s first and biggest cryptocurrency maintain the upward momentum? Industry commentators share their views with Forkast.

NFT’s Bitcoin Future

Could there be a shift in Ethereum’s monopoly of the NFT world as new technologies arise?

India’s Budget Disappoints

India’s position on digital assets remains status quo as the country’s parliamentary budget hearing leads to disappointment in the crypto sector.

Why the cloud will be critical to US competitiveness in world finance

The future global financial system will be reliant on the cloud, especially when it comes to CBDCs and stablecoins, writes Michael Greenwald and Logan Weber.
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Islamic Crypto Finance

Islamic finance has seen growth in a time where most of the world’s economy has suffered losses. How could its integration into crypto help the industry?

Bitcoin mining fund soars as BTC powers into 2023

Top blockchain and crypto news: BTC mining ETF outperforms. SBF under pressure as accusations mount. ‘China’s Instagram’ embraces NFTs.

New Bitcoin protocol may shake up the NFT market

Bitcoin has long been the world’s largest cryptocurrency blockchain, but non-fungible tokens or NFTs were always the domain of Ethereum. A new protocol could change that, and some in the Bitcoin community are not too pleased.

FastForkast headlines

Binance CEO says more non-USD stablecoins may emerge

Markets: Bitcoin, Ether, other major tokens rise despite hotter-than-expected CPI reading

Markets: Bitcoin, Ether drop; BNB biggest loser in top 10 cryptos

Markets: Bitcoin rises amid market jitters as Paxos stablecoin issuer next regulator target after Kraken clampdown

India discussing crypto, regulation with G20, says finance minister

Markets: Bitcoin, Ether prices extend losses; Dogecoin sole gainer among top 10 cryptos

UAE central bank to issue CBDC, promote digital asset growth

Paxos ordered to stop issuing Binance USD stablecoin: report

Bitcoin mining difficulty dips 0.5% over two weeks after hitting record high

Securities and Exchange Commission may sue BUSD stablecoin issuer Paxos, WSJ reports

Markets: Bitcoin treads water under US$22,000 following SEC action on Kraken, Ether falls

Stablecoin issuer Paxos probed by New York regulator

Markets: Bitcoin, Ether fall along with top 10 cryptos; SOL biggest loser

Markets: Bitcoin slumps in broad sell off amid SEC charges against Kraken, regulation worries

Markets: Bitcoin, Ether fall; Matic sees biggest gain as top 10 cryptos decline

Markets: Bitcoin falls under US$23,000 as Fed says inflation remains stubborn. Most top 10 crypto decline

Markets: Bitcoin, Ether extend gains; Polygon leads top 10 cryptos

Markets: Bitcoin rises above US$23,000 as Fed says ‘disinflation’ started. All top 10 tokens gain

Markets: Bitcoin rises as Polygon gains most in top 10 cryptos

Markets: Bitcoin, Ether fall with bearish U.S. equities, but Bitcoin long bets jump

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

Markets: Bitcoin falls below US$23,000, Ether drops as crypto market follows equities lower

Markets: Bitcoin and Ether down, Polkadot biggest winner among top 10 cryptos

China should reconsider its ban on cryptocurrencies, says former central bank official

Markets: Bitcoin dips to US$23,500, Ether inches up, other top 10 crypto mixed

India’s largest retailer Reliance starts CBDCs sales

Markets: Bitcoin and Ether up, Matic tops gains as investors wait for ECB’s decision on interest rates

Donald Trump helps Polygon NFTs outsell Ethereum on OpenSea exchange for second month

Markets: Bitcoin breaks US$24,000 ceiling after Fed says ‘disinflationary process’ started in U.S. economy

Cardano’s Djed stablecoin locks US$10 mln in reserves on its first day

Markets: Bitcoin stays above US$23,000; Cardano leads gains in top 10 cryptos

Digital yuan sales during Lunar New Year up from last year, online retailers say

Bitcoin miner Greenidge Generation cuts NYDIG debt 78% to US$17 million

Judge rules secondary sale of LBC does not classify as security in SEC vs LBRY appeal

Markets: Bitcoin climbs back above US$23,000 as most top 10 crypto tokens gain ground

Hong Kong to mandate stablecoin licensing as early as this year

February 2023

Reversing Blockchain Transactions?

Some members of the crypto community are starting to question the insistence that “code is law”. But is technology the only issue surrounding blockchain?

A crypto regulatory storm front is coming in 2023. Are we ready for it?

Laws to prevent another FTX blowup, crackdowns on crypto tax cheats, and a ruling on Ripple are likely imminent. A bull’s eye is also on DeFi, writes Gergo Varga of SEON.

Stablecoins To Rebound?

2023 looks to be the year of stablecoin regulation, but will that be enough to recover its market?

Weekly Market Wrap: Bitcoin rebounds above $23,000. Can it maintain momentum?

Bitcoin this week broke through the US$23,000 price ceiling for the first time since Aug. 2022. Can the benchmark cryptocurrency maintain its momentum? Industry commentators share their views with Forkast on what the market is telling investors and the signals from the U.S. Federal Reserve on interest rates.

FastForkast headlines

Hong Kong to mandate stablecoin licensing as early as this year

Markets: Bitcoin, Ether drop; Dogecoin rebounds

January weekly crypto product investment reaches highest since July, says CoinShares report

Bitcoin falls in broad crypto pull back ahead of U.S. Fed meeting on interest rates

Valkyrie’s WGMI Bitcoin Miners ETF named best-performing U.S. fund, surges 105% in 2023

Bitcoin trades higher in Nigeria amid cashless economy drive

Markets: Bitcoin, Ether extend gains; Solana leads among top 10 cryptos

Markets: Bitcoin closes in on US$24,000, lifts crypto top 10

Markets: Bitcoin up, Ether down; MATIC tops gains among top 10 cryptos

Markets: Bitcoin dips but holds above US$23,000, Ether slips, Polygon biggest gainer in top 10

Markets: Bitcoin, Ether up; ADA posts most gains among top 10 cryptos