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Cryptocurrencies

1526 articles

January 2022

CBDCs and the year that may reshape crypto markets

Top blockchain and crypto news: CBDCs at the crossroads. A token gesture from Samsung. NFTs survive in China.

Goldman Sachs: Bitcoin could reach $100K price by beating gold

Goldman Sachs, one of the world’s largest banks, joins the list of analysts predicting the price of Bitcoin could reach US$100,000, according to a report by Bloomberg. Fast facts According to Goldman Sachs estimates, Bitcoin’s float-adjusted market capitalization is just shy of US$700 billion, which accounts for a 20% share of the “store of value” […]

Bitcoin, Ethereum price level sluggish while NFT sales volume surges

The crypto market leaders are trading sideways so far in the new year. But NFT trading volume has exploded, with strong Q1 performance expected.

What are the 3 key trends in cybersecurity in 2022?

Cryptocurrency is fueling crimes like malicious mining and ransomware attacks, writes Andrew Brandt of Sophos. What can a company do to protect itself?

Crypto is presidential election campaign issue for South Korea

In South Korea, a new presidential administration will be chosen in March. Here’s where the four major candidates stand on Korea’s booming virtual asset space.
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‘Everything will be an NFT next year,’ says Circle chief of product

Rachel Mayers sees corporate and institutional interest in crypto and blockchain create an explosion in use cases and a whole new way of demonstrating consumer loyalty.

South China’s Guangxi region looks to cross-border e-CNY trade uses

Guangxi, China’s southern provincial-level region, is researching cross-border finance, supply-chain service platforms and e-CNY applications, according to a report by local state-run media Guangxi Daily. Fast facts The Guangxi autonomous region — often seen as a gateway for Association of Southeast Asian Nations (ASEAN) trade — plans to support cross-border circulation of capital, according to the […]
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Bitcoin at 13; Raising capital on the blockchain.

Bitcoin is now a teenager but it’s not a celebration for some as Indian tax authorities raid crypto businesses.

China moves to ban internet marketing services for crypto

The Chinese government published a draft regulation on Dec. 31 stating that no organization or individual is allowed to provide internet marketing for illegal financial activities, which include cryptocurrency transactions. Fast facts The regulation, drafted by the People’s Bank of China — China’s central bank — and other Chinese government institutions stipulates that any organization or […]

Happy birthday, Bitcoin! You’re still killing it

Love it or hate it, Bitcoin can be a powerful force for good — and it’s here to stay, writes Peter Vessenes, co-founder of The Bitcoin Foundation.

After a stellar year for Bitcoin and record crypto prices, what to expect in 2022

2021 was a big year for crypto. As we enter a new year, Forkast.News asks market watchers what might be in store for the next 12 months.

Bitcoin at 13: The new age of crypto

With wider acceptance as a financial asset, a teenage Bitcoin may not see the explosive 200% average annual returns of the past, but also may experience less price volatility.

December 2021

U.S. regulatory turf wars and a spot Bitcoin ETF are on their way in 2022

Perianne Boring of the Chamber of Digital Commerce sees agencies elbowing each other to oversee the crypto industry while investors start to pay big taxes.

The top 5 ‘Ethereum killers’ of 2021

Ethereum was game-chaging at its 2015 launch, but today it’s showing its age. As Eth2 upgrades slowly unfold, who are the top rivals trying elbow out the #2 blockchain?

Former Bitcoin.com CEO sees crypto prices plunging in 2022

In December 2020, Stefan Rust successfully predicted a ‘Cambrian Explosion’ of crypto tokens. Now he says 2022 will be when the crypto markets will be ‘flooring out.’

What lies ahead for crypto regulations in 2022

From China’s ban to FATF’s travel rule, crypto regulations have been top of mind this year. How might regulatory impulses and current trends play out?

How DeFi is devouring traditional finance, bit by bit

2021 will go down as the year the DeFi giant woke up, writes Derek Alia of Futureswap. What lies in store for decentralized finance in the year to come?

U.S. will be big elephant in the room in 2022, says WEF’s Sheila Warren

While China made a big moves in banning crypto this year, US lawmakers appear to be warming up to the industry, setting the stage for next year.

Year in cryptocurrency: biggest surprises of 2021

While increasing crypto adoption was predictable, 2021 also saw much that was unexpected. Here are the events that shocked even crypto natives.

Will a second country adopt Bitcoin as legal tender in 2022?

Bitcoin adoption soared in 2021 with El Salvador’s currency experiment with the help of the layer-2 scalers. Will Lightning strike twice in 2022? 

Blockchain Research Institute co-founder sees DeFi reaching trillion dollars in total value

Alex Tapscott of Ninepoint Partners also shares with Forkast.News his predictions for stablecoins and NFTs in 2022.

These e-CNY hard wallets might get people talking at the Winter Olympics

China prepares to show off its tech innovation muscles at the Beijing Winter Olympics as it unveils some unusual-looking wallets for its new digital yuan.
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Will 2022 be the year of crypto regulation?

Global shifts are underway in crypto regulations, writes Huong Hauduc of Bequant. How might the political and market forces play out next year?

Countries will jump aboard the crypto bus in 2022 or get left in its dust, says WazirX founder

Despite the looming parliamentary debate over banning private digital currency in India, the founder of Mumbai-based crypto exchange WazirX predicts thousands of new crypto startups.

Crypto Santa’s naughty and nice list for Christmas 2021

Who in the crypto world deserves Santa love this year, and whose chimney should be snubbed? The elves at Forkast.News help the big man with his list.

Why I got a Bitcoin wallet, and how it can be used for crypto gift-giving and receiving

Curious to use Bitcoin but don’t know where to start? Forkast.News explains how.

What Sam Bankman-Fried thinks will happen with NFTs and crypto exchanges in 2022

Which blockchain sector will flourish, and what’s not yet ripe for mass adoption just yet? FTX CEO Sam Bankman-Fried offers his crystal ball in a special Forkast.News video.

CBDC tracker shows U.S. falling further behind

Of the Big Four central banks, including those of the EU, UK and Japan, only the Federal Reserve has not progressed beyond research mode in central bank digital currencies.

Court overturns Korean Bitcoin ruling; Days numbered for SWIFT?

Court overturns Korean Bitcoin ruling, also are the days numbered for SWIFT?

Bitcoin sent by mistake, recipient will not be punished for keeping it: South Korea ruling

An investor who received $1.25M in Bitcoin by accident will not be criminally penalized, raising questions on the legal status of cryptocurrencies.

xSpend allows GameFi tokens, stablecoins to pay for real-world goods and services

Crypto finance platform XLD Finance wants to enable users to spend GameFi tokens and stablecoins to pay for real-world goods and services. Fast facts The company has launched its first project, xSpend, which allows users from Bangladesh, India, Indonesia, Malaysia and the Philippines to purchase mobile prepaid credits on the platform using GameFi tokens and stablecoins. Users may also pay Philippine-based […]

Bitcoin’s price is a lie, says Morgan Creek Capital chief

Bitcoin’s current price is not indicative of the crypto’s future prospects, says Mark Yusko, who looks forward to the tokenization of everything.

New Cosmos, Mastercard projects to boost Ethereum scalability

With Ethereum usage at all-time high, a Cosmos ‘bridge’ to other blockchains and Mastercard rollups aim to solve a major problem plaguing the Eth network.

Regulators and the problem of unstable stablecoins

Federal regulators have turned their sights on stablecoins. But is the attempt to tame this digital currency too late?

The Forkast.News guide to last-minute blockchain and crypto gift ideas

Not yet done with your holiday shopping? Here are ideas for all the loved ones on your list, whether they are tech-savvy or merely crypto-curious.

Delay likely for India’s crypto bill; Crypto’s landmark year

Delay likely for India’s crypto bill, none the less 2021 becomes crypto’s landmark year.

Game company Nexon America now accepts crypto for in-game payments

Asia’s gaming giant Nexon’s US subsidiary supports cryptocurrencies for players in buying items inside its popular online games.

Avalanche price surge leads minor market rebound

After two weeks of a downward price spiral, the market showed some signs of life this morning, with most coins managing to rise about 5% coming into business hours Asia time. AVAX, however, the native token of the Avalanche blockchain, gained almost 25% overnight to reach a two-week high of US$106.87 and finding itself in […]

NBA is taking the lead with blockchain, crypto

The National Basketball Association has been ahead of the game in crypto adoption, but after a week of major developments, the league is now way out in front.

Running on empty: How NFT drops drive up gas fees — and transaction anxiety

Gas fee unpredictability is a highly problematic aspect of the Ethereum ecosystem, writes Matt Cutler of Blocknative. What are the solutions?

Myanmar’s resistance routes funding through Tether

Top blockchain and crypto news: Can stablecoins bankroll democracy? Nike swooshes into the metaverse. Animoca and Bored Apes venture deeper into the gaming jungle.

Myanmar’s shadow government uses Tether in its fight against military rule

The National Unity Government recognizes Tether as an official currency, defying the cryptocurrency ban imposed last year.

Latest Elon Musk plug sends Dogecoin price soaring — briefly

Dogecoin rallied 31% when Elon Musk tweeted that Tesla will accept it for payment of “merch.”

How sports and crypto are knocking it out of the park

The billion-dollar intersection of sports and crypto is a big win for all, writes Ben Armstrong, aka BitBoy Crypto. Here’s how to make sense of this seismic cultural shift.

Cryptocurrency prices take another hit in downward spiral

Macroeconomic factors and a spate of bad news override bullish outlook in crypto market as the year lurches toward its end.

South Korea’s Danal to allow crypto as payment for BMWs

Fast facts Blockchain-based payment platform Danal Fintech announced a new service plan that will allow BMW vehicles to be purchased with Paycoin (PCI) in its new partnership with Samchully Motors, the domestic dealer of the luxury automobile line. The recent announcement makes the first case in South Korea where an automobile can be paid in […]

Solana suffers network slowdown, raising questions around proof of history

Confusion surrounded the Solana blockchain community over the weekend as a sudden drop in transaction speeds was initially believed to be a distributed denial of service (DDoS) attack, resulting in a lengthy debate as to the cause of the delay. Fast facts Solana-based non-fungible token (NFT) platform Blockasset was one of the first to highlight […]

SafeMoon sees price surge following update to V2

The price of the native token of the SafeMoon blockchain momentarily surged over 8% in price this morning Asia time, as the developer behind the token announced that it had successfully transitioned to the second iteration of the network. SafeMoon’s price retreated throughout the day, however, and was trading at US$0.0000016 at press time, 2% […]

Shiba Inu now accepted at GameStop, Lowe’s and Nordstrom via Gemini-backed Flexa

It’s come full circle: Shiba Inu holders can now spend their SHIB at GameStop — the company that helped trigger the memecoin trend.

Shibu Inu coin struggles; Blockchain an inflation hedge solution?

Shibu Inu coin struggles, meanwhile could blockchain an inflation hedge solution?

INX exec says crypto CEOs should talk to the SEC

Chief business officer of the first SEC-registered digital security says crypto companies got caught with their hands in the cookie jar.

Shiba Inu coin burn and gaming deals can’t stop its price slide

$30 million worth of SHIB stolen in BitMart hack sparks hunt for the dognapper, as ecosystem developments fail to return Shiba Inu coin to its former glory.

Polygon goes deeper into ZK tech by acquiring Mir for $400M

India-based Layer 2 Ethereum scaling platform Polygon has acquired zero-knowledge technology developer Mir for US$400 million as part of Polygon’s continued focus on ZK tech. Fast facts Mir will help Polygon build its new project — Polygon Zero, a highly scalable, Ethereum compatible ZK rollup. A zero knowledge protocol is a cryptographic algorithm that allows […]

India’s crypto bill to impose jail and US$2.65M fines for violations

India’s proposed rules for digital assets would ban cryptocurrency for payments while the Securities and Exchange Board regulates exchanges. Will it become law?

Here comes the crypto derivatives boom

Investment banks’ hunger for a new revenue stream is likely to drive up the popularity and registration of crypto derivatives products.

Shinhan, Standard banks demo cross-border stablecoin remittance

The transaction, using the Hedera Consensus Service network, bypasses intermediaries, lowering fees.

Bitcoin price tumbles below $50K as Evergrande defaults

Chinese property giant Evergrande has defaulted on its debt to global investors, credit rating firm Fitch Ratings reported today. Fast facts Fitch has downgraded Evergrande to “Restricted Default” after its deadline to pay interest due on two dollar-denominated bonds passed on Monday. The actual payments were due a month ago and the grace period expired […]

Bank stablecoin project; Watch for Fed taper in 2022

Banks releasing new stablecoin project meanwhile better watch for Fed taper in 2022

Hong Kong VC firm Chiron Partners raises $50M to back Terra

Hong Kong-based venture capital (VC) firm Chiron Partners announced Wednesday the launch of a US$50 million fund to support the Terra blockchain ecosystem. Fast facts Chiron Partners will use the fund, namely the Chiron Terra Fund I (CTI), to invest in innovative projects built on the Terra ecosystem, such as decentralized finance (DeFi) applications and […]

What is Polygon (MATIC) — ‘Ethereum’s internet of blockchains’?

Polygon envisions a world where value can be exchanged without borders. In this Forkast.News explainer, find out how Polygon works and why its MATIC token is defying crypto market gravity — again.

China’s PBOC wants to link e-CNY with Hong Kong’s Faster Payment System

Mu Changchun, director-general of the People’s Bank of China’s digital currency institute, said today the central bank is working with the Hong Kong Monetary Authority (HKMA) to test cross-border payment features for the e-CNY, China’s much anticipated central bank digital currency (CBDC). Fast facts Mu said at a webinar, jointly organized by the PBOC and […]
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What is ENS (Ethereum Name Service) and how does it work?

ENS allows for a readable username that is portable across dApps and blockchains. Why is it important for the Web 3.0 world? Forkast.News explains.

OpenSea’s Wall Street waltz disappoints NFT devotees

OpenSea IPO plans in choppy waters. Crypto markets crumble. Bitcoin mining power struggles.

Australia announces biggest overhaul to payments in 25 years — eyes now set on crypto

As part of a broader attempt to address Australia’s payments industry, the government offers a roadmap to where crypto regulation can lead in 2022.

How crypto ETFs can open doors for traditional finance to enter DeFi

Crypto ETFs make it easy to invest in digital assets without the complexities, writes Kevin Tai of Linear Finance. Imagine what a crypto index can do.

Bitcoin crash drags down South Korean NFT game stocks

South Korean game shares fell sharply, just a few weeks after announcements of new NFT metaverse ventures sent the shares up.

Nexo and Fidelity Digital Assets expand institutional lending services

Nexo, a globally regulated crypto-collateralized credit provider, has announced a partnership with Fidelity Digital Assets, an execution and custody services provider, to establish a platform to provide institutional access to digital assets with custodial and lending services, according to a news release shared with Forkast.News. Fast facts The partnership will allow Nexo to establish an […]

Manny Pacquiao launches esports team in midst of presidential campaign

‘Team Pacquiao GG’ may be coming soon to League of Legends and Axie Infinity. But whatever happened to the former pro boxer’s Pac token?

BIS: DeFi has few real-economy uses, says ‘decentralization is an illusion’

With suitable regulation in place, DeFi could yet play an important role in the financial system, BIS suggests.
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Japan may limit stablecoin issuers to banks, wire transfer companies

Japan’s Financial Services Agency (FSA) is planning a legislative proposal for the upcoming year to restrict the issuance rights of stablecoins to banks and wire transfer companies, according to a Nikkei Asia report. Fast facts The FSA’s decision to limit the issuance is meant to lower risks for stablecoin users, as FSA-authorized banks and wire […]

Kotak 1st major Indian bank to embrace crypto with WazirX partnership

Kotak Mahindra Bank, a leading private bank in India, has struck a partnership with crypto exchange WazirX, the Economic Times reported. Fast facts WazirX has opened an account with Kotak that can be used to pay and receive money from investors, according to the ET report. The account will be activated after the completion of […]

Fidelity launches spot Bitcoin ETF in Canada

One of the world’s largest asset managers sought SEC approval of a spot Bitcoin ETF in March and is still awaiting a response.