Articles filed under

Cryptocurrencies

1083 articles

August 2021

Chinese DeFi platform Poly Network suffers US$600M hack

Impact of one of the biggest heists in the industry looks set to be mitigated as hackers agree to return funds.

SEC seeks 1 million Slack messages from Ripple for XRP litigation

The US Securities and Exchange Commission wants to review ‘terabytes’ of Ripple’s Slack chats for evidence of XRP-related wrongdoing. How much is too much?

Unocoin now allows Indians to buy pizza, coffee with Bitcoin

Several cryptocurrency payment methods exist around the world, but new service is the first major one of its kind in India.

Crypto miners set to be snared by U.S. infrastructure bill

A landmark US$1 trillion infrastructure bill moved one step closer to becoming law on Sunday, notably without carve-outs for cryptocurrency miners and network validators. What does it mean for the industry?

Binance bans derivatives in Hong Kong: Ethereum fork boosts trading

Binance bans derivatives in Hong Kong while Ethereum fork boosts trading

Latest digital yuan trial launches with backing of JD.com, Bank of Communications

E-commerce company’s tie-up with government-owned lender suggests hybrid private-state future for central bank digital currency.

Ripple expands XRP into NFTs amid escalating legal battles

As court grants CEO request to obtain info from Binance to bolster defense in SEC lawsuit, Ripple seeks to expand use cases for XRP Ledger.

Ether price and trading volume surging as Ethereum upgrade goes live

Ethereum’s London hard fork sees a smooth launch as the crypto market sends Ether’s price soaring.

Ethereum rising: 3 reasons why Ether’s price could soon break $3,000

Will Google greenlighting US crypto ads, Ethereum’s London upgrade and clearer regulations pave the way for another Ether price rally?

Google lifts crypto advertising ban

In a long-awaited reversal of a 2018 policy decision, Google will allow crypto exchanges and wallets to advertise on its platform in the U.S. But not everyone’s happy.

Could Ethereum’s upgrade affect miners’ manipulations for extra profits?

Cryptocurrency miners are front-running Ethereum transactions to make profits called MEV that critics decry as unfair. What can be done about it?

Ethereum upgrade closely watched; India launches e-RUPI voucher

Ethereum upgrade closely watched also India launches e-RUPI voucher

Taxing times for crypto. Ethereum hard fork takes knife to fees. Tencent bets on NFTs.

Top blockchain and crypto news: Is Ethereum’s price flatlining on eve of revolution? Uncle Sam wants pay to play. China’s Big Tech toes the line with NFTs.

Ethereum prices hit resistance as major London Upgrade looms

ETH rose in a historic run in anticipation of ‘Ethereum halving’ — but dipped on the eve of the London hard fork. Forkast.News asks top cryptocurrency analysts to find out why.

Ethereum addresses using DeFi soar 65% to over 2.9M

The Ethereum ecosystem is continuing to see strong growth, with institutional capital ‘flooding’ into decentralized finance and decentralized autonomous organizations flourishing.

Hong Kong crypto crime surges; Tencent launches NFT platform

Hong Kong crypto crime surges as Tencent launches NFT platform.

United Nations-associated NFT art project builds on Polkadot to fight climate change

The DigitalArt4Climate NFT initiative aims to promote art via blockchain technology to inspire environmental activism around the world.

Blockchain applications that will change the world in the next 5 years

The next half decade will see mass adoption of decentralized technology, writes Max Kordek of Lisk. Here are the leading uses.

Chinese central bank shows no sign of softening stance on crypto

People’s Bank of China vows to keep sector under ‘heavy pressure’ as it pushes digital yuan.

FastForkast headlines

Cardano ADA surges 20% with smart contracts on the horizon

Ethereum investment product market share rises to 26% amid fund outflows

USDC issuer Circle to become full-reserve digital currency bank

Bitcoin’s price rises above $45K as gold and silver slump

Axie Infinity NFT market trade tops US$1B as player numbers surge

Cardano’s Alonzo Purple testnet begins onboarding users

China’s central bank to accelerate digital yuan pilots for Winter Olympics

Cambodian state digital currency sees strong uptake

Indian Olympic medalists to get free cryptocurrencies

New York Times article explores underbelly of memecoins

Venezuela launches CBDC amid runaway inflation and currency redenomination

Mastercard partners with Australian exchange for crypto card

Marathon Digital to buy more mining rigs from Bitmain

Miami prepares launch of city cryptocurrency

Square acquires Afterpay for $29B to expand into ‘buy now pay later’

Crypto crimes surge to record levels in Hong Kong

U.S. infrastructure bill could bring sweeping regulatory changes to crypto

August 2021

Bitcoin mining difficulty rising again as miners resettle and get back to work

The global Bitcoin hashrate is now on an uptrend as miners pushed out by China resettle on friendlier shores and resume investing big money in mining equipment.
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Is Bitcoin mining hot again? These crypto insiders think so

Despite China’s crackdowns on Bitcoin mining and growing consternation about crypto mining’s carbon footprint, some miners are betting big on a rosy future.

Robinhood readies IPO as risks cast shadow over future earnings potential

The fee-free trading platform’s initial public offering promises plenty of action for retail investors, but pitfalls may lie in wait amid trading volatility and wider adoption of business model.

Amazon’s brush with Bitcoin. Robinhood IPO looms. Huobi backs out of Beijing.

Top blockchain and crypto news: Is Amazon taking up BTC? Robinhood’s share sale deserves scrutiny. Did Huobi jump or was it pushed?

What’s Ethereum price outlook for the rest of 2021?

Ethereum’s future is top of mind for a group of fintech experts polled by Finders. Where do they think Ethereum prices are headed, and will Ethereum overtake Bitcoin?

Bit Mining pivots overseas; Ethereum creator joins ‘Stoner Cats’ cast

Bit Mining pivots overseas as Ethereum creator Vitalik Buterin joins animated crypto series ‘Stoned Cats’ cast.

The many benefits that blockchain can bring to the internet of things (IoT) | Part 3

Blockchain technology can make a big impact on the world we live in, according to authors Kosrow Dehnad and Joe Duncan. A prime example: Tesla’s driverless vehicles.
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Bitcoin price surges to almost $40K as Asia wakes to Amazon crypto reports

Led by traders in Asia, Bitcoin saw its biggest one-day gain in over a month amid speculation that Amazon is getting into crypto.

SEC: Commissioners’ statement not relevant to Ripple’s XRP lawsuit defense

US Securities and Exchange Commission staffers say their appointed leaders’ views do not reflect the agency’s stance on Ripple and XRP.

Clean-energy crypto mining ETF launches to put an ‘E’ in Bitcoin

As Bitcoin’s carbon footprint continues to make ESG investors uneasy, a new clean-energy crypto mining ETF aims to allay their environmental concerns.

U.S. senators ask athletes to boycott digital yuan at Beijing Winter Olympics

Privacy concerns prompt call for Americans to avoid e-CNY as lawmakers point to use of WeChat app to ‘surveil, threaten and arrest Chinese citizens.’

Bitcoin’s promise of financial freedom still beckons, academic says

In a special Q&A, Yale-NUS College professor Andrew Bailey says the world’s oldest cryptocurrency has untapped potential to promote liberty, equality and justice around the world.

China’s digital yuan moves a step closer with smart-contract technology

Central bank in apparent push for adoption ahead of Olympics as it doubles up on warning over non-state cryptocurrencies.
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Hong Kong raid uncovers suspected US$155M crypto laundering scheme

Tether stablecoins linked to funds funneled to banks in Singapore and elsewhere amid worldwide cryptocurrency crime increase.

Grayscale’s Bitcoin bounty. Circle’s SPAC listing controversy. NFTs for thieves.

Top blockchain and crypto news: Crypto markets await Bitcoin fund release. USDC issuer opts for the back door. In China, NFT copyrights and wrongs.

Stablecoins promise much, but can they deliver?

As issuer Circle prepares to list and China sounds the alarm over speculation, the mood among regulators is mixed, despite stablecoins’ clear appeal to investors.

TikTok bans crypto promotions amid concerns over targeting of young users

Ban on branded content covers range of financial services and ‘get-rich-quick’ schemes boosted by influencers with young followings.

BIS: cooperation essential for CBDCs to improve cross-border payments

In a new report, BIS says countries must work together and design CBDCs with interoperability in mind. Hong Kong and Singapore lead mCBDC efforts.

Stablecoins could pose risks to global financial system, Chinese central bank official says

Warning comes as Beijing ramps up efforts to internationalize China’s currency through launch of digital yuan.

Software firm Meitu loses US$17.3M on Bitcoin

Higher value of Ether investments softens blow to value of Bitcoin holdings.

Hong Kong CBDC project looks to commercialize for cross-border payments

Eddie Yue, CEO of Hong Kong Monetary Authority lays out the future of the territory’s digital currency at a Hong Kong Academy of Finance event.

FastForkast headlines

U.S. infrastructure bill could bring sweeping regulatory changes to crypto

Ripple partners with SBI Remit, Coins.ph to use XRP for Japan-Philippines remittances

Ethereum-based EthSign platform wins seed funding from Draper Associates

OKEx parent’s USDK stablecoin revenue dives almost 90%

Thailand telecoms firm to expand into Bitcoin mining

Tesla reports $1.3B in Bitcoin holdings in Q2 2021

CoinShares: Multi-asset crypto investments see inflows amid outflows from Bitcoin and Ethereum

Chinese electricity bills to become payable using digital yuan

Chinese insurer Ping An seeks digital yuan payments for new Covid-19 policy

China Mobile discloses virtual currency system patent, joins e-CNY team

Grayscale launches new DeFi fund to woo investors seeking token-free exposure

UK finance watchdog to spend £11M to warn young people off crypto investment

Square to build new Bitcoin DeFi platform, says CEO Jack Dorsey

Grayscale registers large-cap crypto fund with SEC

Bitcoin and Ethereum see positive institutional investment flows as Grayscale adds Cardano to large cap fund