New crypto mining hot spots emerge; Korea crypto controversy escalates | The Daily Forkast
The next generation of mining hot spots are shaping out in the aftermath of China’s mining exodus as Upbit’s delisting generates new enemies.
June 2021
Iron Finance’s DeFi bank run — and how Mark Cuban got ‘rekt’
Iron Finance, once a DeFi darling, went from billions to bust in a day. Should investors have seen the crash coming? How stable are algorithmic stablecoins?
Cash for CBDCs at Beijing ATMs; Asia sees new unicorn in Amber Group | The Daily Forkast
CBDC ATMs appear around Beijing and Hong Kong-based Amber Group is Asia’s billion dollar unicorn after raising US$100 million in its Series B.
Bitcoin and Ethereum prices fall: Is the crypto market in an over-leveraged bubble?
Against a backdrop of El Salvador’s BTC boosts, famed investor Michael Burry warns about a crypto price bubble and China intensifies its crypto clampdown.
As Shanghai gives away digital yuan, we hit the streets with a man spending it
Money may be easy to part with when it’s free, but as Shanghai’s first experimental e-CNY giveaway shows, it’s not so easy finding shops to take it.
Bitcoin price dips but BTC dominance rises with US inflation fears
Bitcoin sheds 4% but BTC’s share of the total crypto market grows after US Fed projects higher inflation and plans interest hikes earlier than expected.
How Singapore and Cambodia see digital currencies for cross-border use
In a recent conference, central bankers from Cambodia and Singapore discuss how digital currencies are transforming existing payment systems for the better.
Survival race of SK exchanges; Ethereum powers digital passports in HK | The Daily Forkast
50 crypto exchanges apply for ISMS in South Korea while Hong Kong sees the birth of a blockchain passport for Covid vaccinations.
Bitcoin bounces back. Criminals choose crypto. Chinese mining redoubt faces scrutiny.
Top blockchain and crypto news: Bitcoin finds fresh favor in Global South. Why would hackers demand a Bitcoin ransom? Chinese miners eye Yunnan probe.
What is yield farming in DeFi and how does it work?
One of DeFi’s hottest trends, yield farming can bring riches but is not for crypto beginners or those who can’t afford to lose. Forkast.News explains why.
As blockchain becomes widely used in banking, what are its security risks?
Blockchain provides greater data transparency and security than ever before, but the technology is not immune to cyber attacks and data breaches.
SK govt assists crypto exchanges; Aus firm accepts crypto for rent | The Daily Forkast
South Korean government is holding on-site visits to help crypto exchanges get regulated while an Aussie business wants crypto for rent.
Plasm Network closes $10M fundraise to bolster Polkadot ambitions
With Kusama slot parachain auctions underway, the first starting next week, Plasm and Shiden networks prepare for a multi-chain future with Polkadot.
How the layer 2 race is scaling Ethereum before ETH 2.0
While the world waits for Eth 2, blockchain developers like Enya.ai and OMG Network are trying to solve Ethereum’s scalability issues via layer 2.
Bitcoin hot in Singapore; China crypto mining bans widen | The Daily Forkast
El Salvador’s adoption of Bitcoin has the world buzzing. Can Singapore be next? China mining crackdown continues.
Vitalik Buterin: Why Eth2 will propel Ethereum’s use in enterprise
In a talk this week, Vitalik Buterin explains Ethereum’s growing use in enterprise and the importance of building diverse, open-source communities.
Hong Kong eyes CBDC; Aussie Millennials favor crypto vs. real estate | The Daily Forkast
Hong Kong looks to explore CBDC feasibility as Australian millennials favor investing in crypto over traditional assets.
El Salvador’s Bitcoin experiment. Ethereum’s steady rise. Free money in China.
Top blockchain and crypto news: El Salvador bets on Bitcoin as national currency. ETH gains ground on BTC. Beijing dishes out digital yuan in latest trials.
El Salvador’s Bitcoin law wins vote, set to shake up BTC investments everywhere
Now that Salvadoran President Nayib Bukele’s Bitcoin-as-legal-tender bill is almost reality, what will it mean for BTC investors around the world?
UNICEF invests in blockchain startups for financial inclusion
UNICEF Venture Fund is awarding up to $100,000 to blockchain startups, including India’s GovBlocks, in its latest funding round. Here are the other projects.
India crypto feud continues; Korea mining thief busted | The Daily Forkast
Regulatory uncertainty pushes India’s crypto industry towards self regulation as a secret Ethereum miner gets busted in Seoul Arts Center.
How NFTs are redrawing Asia’s art scene from artists to galleries
From Phillips auction house in Hong Kong to Art Fair Philippines, non-fungible tokens are redefining how Asia appreciates, buys and profits from art.
Take that, Miami: Hong Kong hosts its own Bitcoin meet-up
As 50,000 Bitcoiners and crypto superstars whoop it up at Miami’s Bitcoin 2021 fest, a smaller group of BTC fans hold their own at the Fringe in Hong Kong.