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1083 articles

June 2021

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 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.

Chinese crypto social media crackdown; Seoul tightens rules on crypto | The Daily Forkast

Chinese social media Weibo bans crypto accounts as employees of South Korean crypto exchanges can no longer trade on their own platforms.

How serious is the threat of Bitcoin mining to the environment?

Is Bitcoin’s carbon footprint a growing risk to Earth, or is it a red herring? On this year’s United Nations World Environment Day, crypto mining is a hot topic.

HK’s Bitcoin Meetup ahead of Bitcoin 2021; Banksy work offered for crypto | The Daily Forkast

Hong Kong arranged a Bitcoin gathering ahead of Bitcoin 2021 Conference in Miami as Phillips auction house offers Banksy’s work for crypto.

Criticisms of Tether’s reserves are unfounded, says Bitfinex CTO

After Tether’s legal settlement with New York, USDT’s growth is exploding—dispelling concerns over Tether’s reserves, says Bitfinex CTO Paolo Ardoino.

Governments meet crypto industry; Hope for Bitcoin miners in Sichuan | The Daily Forkast

Governments meet up with the crypto industry to discuss how to regulate the booming industry as BC Group’s OSL ties up with SC Ventures.

Ripple execs seek info to defend XRP trades from 16 foreign crypto exchanges

To defend themselves against SEC lawsuit, Ripple’s CEO and chairman ask court for help getting XRP info from a who’s who list of offshore crypto exchanges.

DBS Bank tapping on tokenized bonds as a new way to invest

From digital bonds to real estate, blockchain-enabled security token offerings and tokenization are redefining corporate fundraising and investing.

Ethereum is rocketing out of this world with SpaceX and SpaceChain

Can Ethereum, also known as the ‘World Computer,’ function outside this world — in space? A SpaceX rocket launch today will put that to the test.

Is India’s central bank greenlighting crypto? Bitcoin fees fall to new lows. Cardano rolls out Alonzo upgrade for DeFi.

Other top blockchain and crypto news: Thailand’s SEC tries to rein in DeFi via regulation. Will China’s future DCEP digital yuan offer smart contracts?

What’s up with Taproot, the biggest proposed change to Bitcoin since 2017?

Bitcoin’s proposed Taproot update for smart contracts and privacy has wide verbal support from miners, but will they put their crypto where their mouth is?

FastForkast headlines

Twitter chief says integration of BTC Lightning Network “a matter of time”

Foreign crypto exchanges eye India despite regulatory uncertainty

Australian serviced office firm to accept rent in crypto

IMF targets El Salvador’s Bitcoin adoption, citing financial and legal concerns

Cross-chain NFTs coming with Polkadot’s Unique Network and RMRK

Jump Trading partners with Solana-based DeFi protocol Oxygen

BIS, Swiss and French central banks team up for CBDC Project Jura

U.S. millennial crypto fans want to spend their coins like cash, study shows

Ripple: Delaying SEC lawsuit would pose ‘existential threat’ to XRP

Moonstake ties up with Uzbekistan exchange in blockchain push

New York State passes bill restricting Bitcoin mining

Cardano to roll out smart-contract tools in new product suite

Beijing Winter Olympics vendors begin to accept digital yuan

Miami property deal breaks crypto real estate record

Chinese Bitcoin investors among most profitable globally

Hong Kong eyes digital currency as part of new fintech plan

Ripple proposes federated sidechains for XRP Ledger smart contracts

Indian crypto exchanges form self-regulatory body

Bitcoin worth millions recovered from Colonial Pipeline ransomware attack

Beijing looks to boost blockchain, create industry champions

Four in 10 Australian millennials would buy crypto over real estate

XRP sees robust institutional inflows; Ethereum ‘altcoin of choice,’ report says

Bitcoin mining rig maker Canaan to open service center in Kazakhstan

CoinShares lists Bitcoin, Ethereum and Litecoin ETPs on Germany’s Börse Xetra

El Salvador poised to adopt Bitcoin as legal tender

NortonLifeLock bids to turn users into home Ethereum miners

Shanghai in US$3M e-CNY windfall ahead of Dragon Boat holiday

Crypto mining rig maker Goldshell to launch ‘mine-at-home’ kits in Asia

Australia’s first Bitcoin capital growth fund gaining interest

Luno crypto exchange looks to expand into Indonesia and SE Asia

Prominent Chinese economist urges public to ‘avoid confusion’ between digital currency and cryptocurrencies

Regulators in Hainan warn of illegal crypto fundraising schemes

UK watchdog: Crypto firms fall short on anti-money laundering rules

BitFlyer to launch Bitcoin-Japanese yen pair for U.S. traders

Standard Chartered, BC Group to launch digital asset trading platform

Bitcoin mining rig maker Canaan reports huge jump in overseas sales

‘Green’ crypto mining should be spared crackdown, Canaan chief says

Cardano and Nervos to launch cross-chain bridge

China to give away digital yuan worth US$6.3M in latest e-CNY test

Cryptocurrency behind spike in illegal gambling, Asian racing body says

Dogecoin to list on Coinbase Pro

Ethereum investment products hit market-share high of 27%, report says

Robinhood’s Chinese rivals to launch crypto services abroad

Bitcoin suffers second-biggest monthly price drop in May

Indian central bank in climbdown over crypto ban

June 2021

Taxing crypto down under; Privacy coins spike in value | The Daily Forkast

Tax season is here and the ATO wants to make sure Aussies pay their taxes for crypto earnings. Also, Privacy coins have surged over the past weeks.

Privacy coin Monero surges as US and Australia target crypto gains

Privacy-centric coins like Monero, ZCash and Dash are seeing big price rises as the IRS and ATO issue warnings on taxable crypto transactions.

FastForkast headlines

Indian central bank in climbdown over crypto ban

Digital yuan is not a surveillance tool, says Chinese ex-central bank director

Cardano rebounds 15% as Alonzo smart contact testnet launches