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Cryptocurrencies

1483 articles

April 2021

Ant Group shares exclusive database tech to grow China’s CBDC | The Daily Forkast

China’s internet giant Ant Group shares its OceanBase database for the e-CNY project. More investors try out DeFi platform PancakeSwap.

As Coinbase Pro adds USDT, Tether execs balk at continued scrutiny

Tether’s battle with New York may be resolved for now, but legal obligations have company on the defensive. Is Tether’s USDT regulated or just registered?

SEC sought info on Ripple and XRP from 20 foreign entities, including trading platforms

SEC says info on Ripple and XRP transactions overseas is important to lawsuit. But of the nine foreign regulators the SEC asked, two refused to help.

South Korean cryptocurrency industry claps back; Bitcoin’s nosedive | The Daily Forkast

Crypto investors in South Korea stir petitions to unseat the nation’s financial watchdog chief for his anti-crypto remarks.

SEC seeks to knock out Ripple defense, says no duty to warn over XRP

In a new legal filing, the SEC asks court to dismiss Ripple’s ‘lack of due process and fair notice’ defense that the XRP token could be deemed a security.

China tightens cryptocurrency oversight with new regulations

Beijing’s new warning against cryptocurrency comes days before regulations aimed at preventing illegal crypto fundraising take effect May 1.

Bitcoin prices crash 12% in 24 hours; below $50,000 for first time since March

BTC is down more than 24% from its all-time high of US$64,787, set just last week with the Coinbase public offering. Will Bitcoin’s downward spiral continue?

Europe’s CoinShares launches XRP exchange traded product

XRP joins the growing list of cryptocurrencies now available as exchange traded products (ETP). What does this mean for crypto investors?

5 reasons why CBDCs and Facebook-backed Diem go hand-in-hand

When Diem launches and central banks roll out digital currencies, what role will each play? Here is a look at the world’s financial and payments future.

Global crypto alliance pushes renewable energy and greener digital assets

The Crypto Climate Accord — a joint effort that includes World Economic Forum, ConsenSys and Ripple — is aiming for net-zero crypto emissions by 2040.

Blockchain’s green efforts and crypto carbon-nomics in Asia | The Daily Forkast

From institutions wanting carbon neutral Bitcoins, to tokenizing carbon credits — these are the latest green crypto trends in this region.

Huobi Asset Management launches crypto tracker funds with SFC’s help

Huobi’s institutional-grade crypto funds will invest in Bitcoin, Ether and crypto mining now that Hong Kong’s ‘very friendly’ regulators gave their thumbs up.

Is Dogecoin’s price boom over? Investors punish Bitcoin and crypto market. Edward Snowden’s $5 million NFT.

Other top blockchain and cryptocurrency news: Can China be warming up to digital assets and crypto investing? Ethereum ETFs roll out in Canada.

ASEAN+1 pledge to advance blockchain; Paypal to launch wallet in China | The Daily Forkast

Six blockchain groups in the Asia-Pacific form a consortium, aiming to champion blockchain advocacy in the region.

How China’s DCEP digital yuan could reshape geopolitics and change the world

One year after China unveiled a digital currency via testing, its potential for displacing dollar diplomacy is becoming more understood. Is the US worried yet?

Why Bitcoin’s carbon footprint may not be bad as you might think

As we observe Earth Day, let’s not scapegoat cryptocurrency. The truth about renewable energy and electricity use by banking and gold may surprise you.

While supporters rally to mark “Dogeday 4/20” – Here’s the weird history of Dogecoin

From controversial meme-coin to the 5th largest digital asset. Is Dogecoin a joke or the future of cryptocurrency?

Dogecoin frenzy spreads in Asia; Indian exchange logs 15x traffic | The Daily Forkast

Asia adds to global Dogecoin froth, investors buy into the meme-currency ahead of US hours. South Korea kicks off a crackdown on illicit crypto use.

12,600 XRP holders demand their day in court in SEC v. Ripple lawsuit

XRP investors and users ask to join SEC’s lawsuit against Ripple as third-party defendant. ‘Without our intervention, we are without a voice in the debate.’

Ethereum ETFs come to Canada while US waits for SEC on Bitcoin ETFs

While the US has pondered Bitcoin ETFs since 2013, Canada is now moving on to Ethereum ETFs — with 3 new Ether funds launching in the next 24 hours.

What is Bitcoin’s environmental impact — and what are the solutions?

The recent steep rise in Bitcoin and Ethereum prices has also led to more crypto mining and energy-consumption, much of it still powered by coal.

China calls crypto an ‘investment’; Crypto demand bounces back in Asia

China gives the “alternative investment” label to crypto at this year’s Boao Forum for Asia, and hints at reserving a seat for digital assets in the country’s digital economy. Meanwhile, exchanges in Asia recover from crypto’s weekend price crash and see spikes in Bitcoin long orders. We’ll have more on that story — and other […]

Crypto assets should be regulated as “alternative investments”, China’s central bank officials said

China’s central bank is exploring a new stance towards Bitcoin and other cryptocurrencies, now calling them investment vehicles – but not currency

Coinbase sell-off triggers crypto market panic as Dogecoin prices soar

Were the weekend’s falling BTC, ETH and XRP prices a cryptocurrency market crash or just a correction — and why is DOGE escaping investors’ wrath?

Ripple accuses SEC of ‘intimidation tactic’ in seeking XRP info overseas

Battlefield for SEC v. Ripple lawsuit goes global as defense lawyers seek to stop SEC from obtaining information on Ripple and XRP from foreign regulators.

One year after China began testing its digital yuan, China watchers wonder how close it is to launching?

Look for nifty DCEP wallets to make a debut at the 2022 Beijing Olympics

Dogecoin swells over 80% in Asia hours; China’s CBDC pilots turn one

Billionaires Elon Musk and Mark Cuban are behind the 8th largest crypto Dogecoin. Meanwhile, it’s the one-year anniversary of DCEP pilots.

Dogecoin’s price no joke as DOGE rallies to become 8th largest cryptocurrency

The “joke” cryptocurrency has surged from less than a cent to hit a price of around US$0.25 today with a 24-hour trading volume of US$34.6 billion.

Ethereum’s Berlin upgrade goes live. What’s next for Ethereum?

ETH surged to a new all-time high with Ethereum’s Berlin hard fork. Will improving gas fees ward off Ethereum competitors like Binance Smart Chain?

Are Bitcoin ETFs ready to party? Line is growing at SEC’s gate.

Bitcoin’s soaring prices are attracting traditional investors who want in, but with an entourage rather than solo. When will the velvet ropes lift in US and Asia?

Macao considers e-CNY rollout; kimchi premium arbitrage on the rise | The Daily Forkast

Macao jumps into digital yuan feasibility studies while South Korean banks make moves to curb kimchi premium arbitrage.

Japan explores digital currency but is loathe to commit

Despite launching CBDC research, Bank of Japan is still not sure nation needs digital yen. Experts fear the caution could cost Japan its competitive edge.

Ripple partners with Novatti to use XRP for remittances in Asia Pacific

Despite its legal troubles in the US, Ripple expands XRP’s uses in Southeast Asia’s lucrative and fast-growing international money transfer market.

What is Coinbase really worth? XRP rallies with Ripple’s wins over SEC. HSBC bans MicroStrategy over Bitcoin embrace.

Other top blockchain and crypto news: HSBC bans MicroStrategy over Bitcoin affair. Tokenized TSLA and Coinbase COIN now on several crypto exchanges.

Coinbase listing on Nasdaq sets benchmark for other crypto exchanges

Coinbase’s estimated $100 billion direct listing debut could be the tipping point for crypto going mainstream. But is Coinbase really worth that much?

Binance Lists Coinbase Stock Token; Altcoins Reign Asian Crypto | The Daily Forkast

Bitcoin booms to new all-time highs but Asian retail investors are wooed by higher gains in altcoins while Binance tokenizes Coinbase.

Bitcoin skyrockets past US$64,000, hits another all-time high

Ahead of Coinbase’s Nasdaq listing, Bitcoin surged to new highs in Asian trading hours. Ether, ADA and DOGE also reached new ATHs as altcoins soared.

Security exec allegedly steals $45M in Chinese government-owned crypto

A young executive with Beosin, tasked to protect cryptocurrency that police recovered from another crime, allegedly then lost it all in a Bitcoin bet gone bad.

IMF wants more crypto supervision in the Philippines | The Daily Forkast

IMF warns issues warnings against crypto exchanges in the Philippines as China extends tests of its digital yuan to its free trade zone, Hainan Province.

Ripple executives file to dismiss SEC lawsuit as XRP prices soar

Tailwind of legal wins propel XRP’s market cap past US$70 billion as Ripple CEO and chairman ask court to drop SEC’s charges against them.

Asian DeFi Picks Up Steam; Hong Kong Scammers Use Crypto As Bait | The Daily Forkast

XRP joins Wanchain’s DeFi ventures while Thai mobile bank explores the financial experiment. In Hong Kong, local police bust crypto scammers.

XRP price surges over 40% following another legal victory for Ripple

Court ruling favoring Ripple executives and slapping down SEC catapults XRP — now the world’s 4th most popular crypto — to its highest prices in 3 years.

Meitu buys more crypto; Hong Kong, Singapore tease NFT platforms | The Daily Forkast

Meitu adds to its crypto treasury while Singapore and Hong Kong gear up for the NFT craze.

Hong Kong-listed Meitu buys more Bitcoin, now has US$100 million in crypto

Shares are up 75% since the beauty selfie app company began investing in Bitcoin and Ether to try to boost its flagging fortunes.

Asian governments urge ‘extreme caution’ before buying cryptocurrency

As Bitcoin and crypto market swells beyond $2 trillion, even crypto-friendly Singapore is warning the public about risks. Are more regulations coming?

Korea’s BTC Premium Nosedives; Officials Take Aim at Crypto | The Daily Forkast

Government dismay at crypto frenzy in South Korea brings the country’s Bitcoin premium down a few notches. But despite threats and policy chills, it’s only got more South Koreans interested in the dizzying crypto world.

Bitcoin’s ‘kimchi premium’ plummets, Upbit exchange suspends services

After surging to 21%, the higher prices that South Koreans pay for Bitcoin are now plunging. What role did Korean regulators and overseas traders play?

Lawyer for 11,000 XRP holders pushing to fight SEC in Ripple lawsuit

As Ripple and SEC intensify their legal battles, attorney John Deaton and his clients are trying to jump into the fray. Will XRP investors get their day in court?

Filecoin’s crypto top 10 stint. Coinbase wows with earnings for Nasdaq debut. Japan opens door to CBDC.

Other top blockchain and cryptocurrency news: Hong Kong is new test bed for China’s e-CNY digital currency. Decentraland’s token bridge to Polygon.

Ripple wins access to SEC’s internal documents on Bitcoin and Ether

In a ruling that can boost Ripple’s defense, judge says SEC must disclose discussions on whether XRP, Bitcoin and Ether are securities. Is a settlement now near?

Korea’s Bitcoin kimchi premium explodes as Kakao rises on Upbit rumors

Are South Korea’s new cryptocurrency exchange regulations skewing its crypto market? Meanwhile, Upbit’s parent Dunamu surges on NYSE listing rumors.

Will China’s rising crypto crimes prompt tighter regulation?

Rising Bitcoin prices have inspired a wave of crypto-related Ponzi schemes, fraudulent giveaways and other scams around the world — especially in China.

DeFi insurance: Why buy coverage for your digital assets?

Insurance policies for DeFi can cover losses from theft to smart contract issues. But do read the fine print — and know the industry is ‘self-regulated.’

SEC agrees to redact two documents in Ripple lawsuit as XRP prices surge

XRP prices soar after Ripple and the SEC agree to partially redact some of Ripple’s email exchanges — but not the CEO’s financial information

5 questions investors must ask before buying Bitcoin or digital assets

How do cryptocurrency investors know whom to trust, avoid scams and not buy coins with a shady history? Gunnar Jaerv of First Digital Trust explains.

Hoping to ride NFT wave, Taiwanese basketball team launches NFTs

Taking a page from NBA Top Shot’s playbook, the Lioneers of Hsinchu County are now selling NFT video clips of their basketball stars. How is the sale going?

March 2021

China opens digital currency door to all. NFTs go wild. Is Singapore’s Temasek buying virgin Bitcoin?

Other top blockchain and cryptocurrency news: Bitcoin prices rise as BTC and ETH options expire. DeFi market steps up as Elon Musk says, ‘Don’t defy DeFi.’

XRP holders step closer to joining Ripple in fighting SEC lawsuit

In a new ruling, the judge presiding over SEC v. Ripple Labs opens the door to allowing XRP holders to intervene as a third party in the government’s lawsuit.

Sailing around the world for digital gold with the Liberty Bitcoin Cup

Young sailors are competing to win one Bitcoin in the Liberty Bitcoin Cup — a youth version of the America’s Cup — heading to Hong Kong in early 2022.

Ripple plans major Southeast Asia expansion by buying 40% of Tranglo

Despite its legal battles in the US over the XRP token, Ripple continues its push in Asia to grow its cross-border payments and money-transfer business.

SEC tries to block XRP holders’ bid to intervene in Ripple lawsuit

SEC tells court that allowing XRP holders to join as third parties would create an ‘avalanche’ of claims and ‘undue delay, complexity and confusion.’

Justin Sun: Next generation traders will prefer NFTs and DeFi

Gen Z and millennials will transform investing. Here’s why one of their own — TRON CEO Justin Sun — thinks NFTs and DeFi are the wave of the future.

World’s central banks come together to collaborate on CBDCs

As the world increasingly turns to Bitcoin, stablecoins and other cryptocurrencies, a brain trust of central bankers want to take back control.

What’s in DeFi’s future — and what does it mean for traditional banks?

Will DeFi replace centralized finance, and how might regulators respond? An all-star panel with leaders from SEC, WEF, ConsenSys and USDC explains.

Bithumb, OKEx roiled by Korea’s new law. Why Thailand hates baht-pegged stablecoins. What’s behind Metakovan’s NFT art buys?

Other top blockchain and crypto news: Japan’s SBI Crypto opens mining pool to public. In China, more companies turn to crypto to boost bottom line.

Why Roger Ver prefers Bitcoin Cash to the original BTC

Early Bitcoin investor and cryptocurrency promoter Roger Ver tells Forkast.News how faster transactions and lower fees are fueling Bitcoin Cash adoption.

Hong Kong now exploring retail CBDC in upcoming Project Aurum

Hong Kong Monetary Authority intensifies its CBDC efforts with a new study into ‘hybrid’ digital currencies and private CBDC-backed stablecoins.

Fed Chair Powell calls Bitcoin ‘speculative,’ says US not in CBDC rush

Countries around the world are exploring central bank digital currencies. But US and European central bank leaders say they value stability over speed.

Ripple recasts embattled XRP as a ‘bridge’ currency for CBDCs

As XRP holders step closer to intervening in SEC’s lawsuit against Ripple, the payment platform gears up to grow its CBDC business with a new white paper.

Bank of Thailand outlines stablecoins policy as it explores retail CBDC

Thailand’s central bank says it is ‘open’ to considering stablecoins but declares Terra’s THT to be illegal. What does this mean for Tether or USD Coin?

How JPMorgan’s Onyx is redefining payments in banking with blockchain

From JPM Coin to payments on Ethereum in outer space, JPMorgan’s Onyx division is pushing the blockchain frontiers in traditional banking.

Chia Network launches eco-friendly blockchain and XCH cryptocurrency

Founded by BitTorrent creator Bram Cohen, Chia Network’s new ‘proof of space and time’ blockchain aims to be a more sustainable alternative to bitcoin.