Forkast.News is now Forkast Labs

Articles filed under

People

8 articles
Page of 8

Vitalik Buterin seeks to build proof-of-reserves protocol with Binance as ‘guinea pig,’ says Binance chief

Ethereum founder Vitalik Buterin is looking to develop a proof-of-reserves protocol and Binance may be the “guinea pig” and serve as its first test case, said Binance chief Changpeng Zhao.

FTX saga worsens

The weekend revealed plenty of the FTX saga – a potential hack and at least US$1 billion of client funds missing.

FTX bankruptcy and fallout: Monday updates and commentary

The following is a running compilation of views and comments on the FTX bankruptcy and implications for the industry.

S.Korea summons ex-Terra exec Daniel Shin over US$100M in LUNA gains

Daniel Shin has been summoned by South Korean prosecutors to attend an investigation as a suspect for allegedly earning ill-gotten profits with LUNA.

Crypto prices slide as investors pull funds on concerns other exchanges may follow FTX implosion

The collapse of one of the world’s biggest crypto exchanges last week has investors worried about the finances of other trading platforms. Cold wallet time?

FTX files for bankruptcy, Sam Bankman-Fried steps down as CEO

FTX.com, FTX US and 130 additional affiliates have filed for bankruptcy, its new CEO John J. Ray III says.

Tron’s Justin Sun stresses ‘due diligence’ needed before considering FTX bailout

Tron founder Justin Sun’s plans to save FTX include debt, equity investments and a full takeover, he told BloombergTV on Friday, Asia time.

FTX Contagion Worries

SBF apologized to FTX customers and investors in a Twitter thread earlier, but can people recover their money?

FTX liquidity crunch leads to contagion fears; Friday updates and running commentary

The following is a running compilation of views and comments on the possible short- and long-term outcomes of FTX’s liquidity crunch.
and

FTX US warns user trading could be halted ‘in a few days’

Sam Bankman-Fried says FTX US is insulated from FTX.com’s liquidity crunch, but the American-based platform could freeze trading in the next few days.

California financial regulator launches probe into FTX

The state of California has launched an investigation into the ‘apparent failure’ of crypto asset platform FTX.

FTX assets frozen by Bahamas securities regulator

The Securities Commission of the Bahamas has frozen assets of FTX and related parties, and has suspended its registration.

FTX Japan ordered to suspend operations by the country’s regulators 

FTX Japan was ordered by the country’s Financial Services Agency (FSA) to suspend operations until Dec. 9 and put together a “business improvement plan.”

FTX allegedly used customer assets in Alameda bailout: report

A portion of the bailout package worth at least US$4 billion that FTX’s Sam Bankman-Fried sent to Alameda Research was allegedly comprised of customer funds. 

Will Contagion Spread?

Binance backs out of its initial offer to buy FTX. What could happen to FTX next?

Binance the winner in FTX saga, set to gain more customers

Binance may have nixed the deal to bailout rival exchange FTX.com, but it could still gain a big chunk of FTX’s business as investors flee the platform.

Bitcoin hits lowest price in two years as Binance cancels FTX acquisition

Just over 24 hours after news of Binance’s planned acquisition of FTX shook the crypto market, a reversal of that decision sent prices even lower.

Binance pulls out of FTX buyout; latest updates and commentary

The following is a running compilation of views and comments on Binance’s announcement that it will not go ahead with the acquisition of FTX.com.

FTX provided US$4.1 billion bailout to Alameda Research: data

FTX exchange sent Alameda Research 173 million FTT tokens on Sept. 28, worth US$4.1 billion at the time.

Binance’s Changpeng Zhao emerges as ‘winner on all fronts’ of FTX acquisition

Commonly known as “CZ,” the Chinese-Canadian founder of Binance appears to have stolen Sam Bankman-Fried’s shine, coming out of the FTX acquisition with the most to gain.

Binance and FTX – Should you be worried?

Binance has announced its intentions to buy rival exchange FTX. Should you be worried?

Binance set to swallow FTX as run on exchange allows CZ to swoop

Top blockchain and crypto news: FTX concedes defeat in long battle with Binance. Crypto eyes Congress races. Hong Kong U-turns on digital assets.

‘Pharma bro’ Martin Shkreli to Do Kwon: jail isn’t that bad

“Pharma bro” Martin Shkreli has tried to reassure Terra chief Do Kwon that life in jail is “not the worst”, while they discussed the Binance-FTX deal on the UpOnlyTV podcast.

Binance’s pending acquisition of FTX may attract attention of antitrust regulators

Binance chief executive officer Changpeng Zhao already runs the world’s largest cryptocurrency exchange so just what are his ambitions?

Binance buys FTX: Updates on what it means for the crypto industry

The following is a running compilation of views and comments on Binance’s takeover of the FTX exchange amid speculation of solvency problems at FTX.

Binance agrees to acquire FTX following liquidity crunch

Binance, the world’s largest cryptocurrency exchange, has agreed to acquire rival exchange FTX, Sam Bankman-Fried announced on Tuesday. 

Sam Bankman-Fried’s FTX token falls more than 20% amid Binance feud

Crypto exchange FTX’s native token, FTT, fell more than 20% in afternoon trading in Asia amid speculation rival exchange Binance is selling off the FTX token.

CZ vs. SBF tweet exchange is no ‘fight,’ Binance CEO claims

Binance chief executive officer Changpeng Zhao (CZ) said in a Twitter thread that he had no intention of picking a fight with FTX CEO Sam Bankman-Fried.

Half a million users move to decentralized alternative Mastodon following Elon Musk Twitter grab

Amid uncertainty and criticism following Elon Musk’s takeover of Twitter, nearly half a million users have flocked to Mastodon, a decentralized alternative.

Binance to sell FTX token holdings amid questions over trading arm Alameda finances

Binance CEO Changpeng Zhao said Binance will liquidate its remaining FTT tokens issued by the second-largest crypto exchange FTX amid questions over Alameda Research.

Crypto fugitive Do Kwon said to be hiding in Europe, mocks ‘cops from world over’ in series of tweets

The South Korean founder of the collapsed Terra stablecoin faces multiple allegations of wrongdoing, the latest being price manipulation.

Bitcoin, Ether prices rise, Polygon leads top 10 in gains, Doge, Shib retreat

Bitcoin and Ether rose in Friday morning trading in Asia. Polygon’s Matic led gains in the top 10 tokens after Instagram said it would use Polygon to integrate NFTs into its platform.

Crypto leaders differ over Do Kwon blame in May’s market crash

‘Bad actor’ or a ‘sliding market’? Blockchain industry leaders at Hong Kong FinTech Week offer insights into the Terra-LUNA crash.

Binance will re-enter South Korea’s crypto market, CZ says

Binance is preparing to operate in South Korea’s crypto market, said CEO Changpeng Zhao at the Web Summit 2022 held in Lisbon.

Binance considers buying banks, bridging gap between crypto, TradFi

The world’s largest crypto exchange seeks to become a bridge between traditional finance and cryptocurrencies.

How soulbound tokens can lift billions of lives around the world

What are soulbound tokens, and how can they end the ‘credit paradox’ that has been holding back the unbanked masses? Fakhul Miah of CreDA explains.

Huobi plans to move HQ to the Caribbean, Justin Sun says

Huobi Global, one of the world’s largest cryptocurrency exchanges, plans to move its headquarters to the Caribbean, its new advisory board member Justin Sun said.

Markets: Bitcoin, Ether prices flat; Dogecoin, SHIB lead gains in crypto top 10

Bitcoin and Ether were little changed in Wednesday morning trading in Asia along with most of the cryptocurrency top 10 by market capitalization, excluding stablecoins.

Bankman-Fried calls wealth-based barriers to crypto investment classist, racist

The billionaire founder of crypto exchange FTX, Sam Bankman-Fried, criticized regulations in Hong Kong and elsewhere that limit access to crypto investment to wealthy investors.

Markets: Bitcoin, Ether prices fall; Dogecoin, Shiba Inu bull run continues; BNB gains

Bitcoin and Ether prices fell in Tuesday morning trading time in Asia, while memecoin Dogecoin and Shiba Inu had the biggest gains among the top 10.

Satoshi’s other big legacy: Bitcoin is propelling a green energy revolution

The Bitcoin white paper, published 14 years ago this day, launched an industry that is now subsidizing clean energy and turning waste into digital gold, writes Will Szamosszegi of Sazmining.

Sam Bankman-Fried says Hong Kong could become Asia’s Web 3 hub

The founder of crypto exchange FTX, which moved out of Hong Kong in 2021, said that the city could emerge as a Web3, blockchain and cryptocurrency hub.

Terra CEO Do Kwon faces lawsuit in Singapore, next hearing on Wednesday

A hearing is scheduled in Singapore on a lawsuit filed against Terraform Labs’ Do Kwon on behalf of investors who lost about US$57 million in the collapse of Terra-LUNA.

Markets: Bitcoin, Ether, Cardano, XRP fall; BNB gains on Binance Twitter investment

Bitcoin and Ether fell in Monday morning trading in Asia, along with most other top 10 cryptocurrencies by market capitalization, excluding stablecoins.

Binance confirms equity in Elon Musk’s Twitter acquisition

Binance has confirmed its participation in Tesla Chief Executive Officer Elon Musk’s Twitter acquisition as an equity investor.

SBF: FTX stablecoin, ‘Second Great Stablecoin War’ are coming

Sam Bankman-Fried, founder of the crypto exchange FTX, says he hopes FTX will soon join most other major exchanges in having launched a stablecoin.

Markets: Bitcoin, Ether fall; Dogecoin gains as Elon Musk’s Twitter buyout moves ahead

Bitcoin’s recent price gains came to a halt in Friday morning trading in Asia though it remained above the US$20,000 support line.

Education is best protection measure in blockchain tech, says Binance chief CZ

Binance CEO Changpeng Zhao believes education is key to a wider, safer adoption of blockchain technology.

FTX CEO Sam Bankman-Fried says action needed on global rules for cryptocurrencies

Bankman-Fried says the global crypto industry needs a “passporting” policy framework that lowers barriers for crypto businesses.

Crypto a ‘better bet’ than gold, says Ethereum cofounder Vitalik Buterin

Ethereum founder Vitalik Buterin has called crypto “the better bet” over gold, and that “gold has less adoption than crypto.”

Markets: Bitcoin price nears US$21,000 amid market rally as Ether, Dogecoin lead gains

Bitcoin continued its price run higher in Thursday morning trading in Asia as it neared US$21,000. Ether and the rest of the top 10 cryptocurrencies by market capitalization, excluding stablecoins, also rose. The total crypto market cap exceeded US$1 trillion for the first time since mid-September. Leading memecoin Dogecoin was the best performer, while the […]

Aptos debut underwhelms amid questions over design and performance

Top blockchain and crypto news: Aptos launch falls short. Why FTX chief is calling for crypto regulations. Is Hong Kong paving way for a retail CBDC?

Sam Bankman-Fried to refund FTX phishing victims — just this once

Cryptocurrency exchange FTX will reimburse US$6 million lost by users in a phishing attack over the weekend, according to founder Sam Bankman-Fried.

Interpol’s global police beat moves to metaverse amid hunt for Terra’s Do Kwon

The international police organization Interpol has launched its own metaverse to assist law enforcement in protecting communities in virtual realms. The development comes after wanted Terraform Labs cofounder Do Kwon quietly slipped from Singapore to Dubai and possibly elsewhere. See related article: India police launch blockchain-based complaint portal on Polygon  Fast facts Interpol claims theirs […]

Jack Dorsey-founded decentralized social protocol Bluesky gets 30K signups for waiting list 

Bluesky, the decentralized social media protocol founded by former Twitter CEO Jack Dorsey, announced on Friday morning Hong Kong time that 30,000 people had signed up on its preview app waitlist 48 hours after it was announced.

Terra CEO Do Kwon, wanted in South Korea, left Singapore and flew to parts unknown via Dubai

Kwon Do-hyung, the cofounder and chief executive officer (CEO) of Terraform Labs Pte. Ltd., also known as Do Kwon, left Singapore last month and landed in Dubai, United Arab Emirates, South Korean prosecutors confirmed with Forkast.

South Korea indicates fugitive Do Kwon’s passport still valid; his location unknown

Kwon has been issued with an Interpol “red notice” requesting his extradition on charges brought by South Korea related to the implosion of the Terra Luna cryptocurrency project he founded

Bitcoin fans pitch Satoshi Nakamoto for Nobel Prize in Economics

Bitcoin advocates have once again launched their annual campaign to have Satoshi Nakamoto — the pseudonymous creator/s of Bitcoin — named as the recipient of the Nobel Prize in Economic Sciences. See related article: What’s next for Binance after $100 million BNB hack? Fast facts On Oct. 10, the Royal Swedish Academy of Sciences awarded […]

BSC to hard fork on Wednesday after US$100 mln exploit

BNB Smart Chain (BSC), the blockchain network launched by the world’s largest cryptocurrency exchange Binance, will perform a hard fork and upgrade on Wednesday as a fix following an Oct. 6 vulnerability, according to an announcement on Tuesday. See related article: BNB Chain back online after around $100 mln lost in possible exploit Fast facts […]

Justin Sun, SBF again deny involvement in Huobi Global sale

The founder of blockchain network Tron, Justin Sun, and crypto exchange FTX founder Sam Bankman-Fried each denied for a second time that they have participated in purchasing a majority stake in Huobi Global, after crypto media outlet Wu Blockchain said on Monday that Sun was actually the Chinese crypto exchange’s behind-the-scenes purchaser, with Bankman-Fried was […]

BNB Chain back online after devs deploy update to save funds

Through quick identification and cooperation of network validators, most funds were saved in last week’s BNB Chain exploit.

S.Korea’s parliament audit on Terra-LUNA falls short of expectations

The National Assembly wanted to get to the bottom of the Terra-LUNA collapse on Thursday. At the end of a long and speech-filled day, lawmakers left empty-handed.

Arrested Terra employee, Do Kwon associate, released from custody amid S. Korea Terra-LUNA probe

Yoo (full name was not revealed), the head of general affairs at Terraform Labs Pte. Ltd. and close associate of unlocated chief executive officer (CEO) Kwon Do-hyung, or Do Kwon, has been released from custody since being arrested Thursday as part of an ongoing investigation into Terra-LUNA. Yoo is not contending his alleged association with […]

Binance suspends BNB blockchain on potential exploit; Peckshield reports US$572 mln hack

The BNB Chain — the blockchain operated by the world’s largest crypto exchange, Binance Global Inc. — has suspended operation as developers have identified a potential exploit on the network, according to an official Binance Twitter account. See related article: Chainalysis says $2 bln stolen in cross-chain bridge hacks this year, more expected Fast facts […]

South Korea makes first arrest in Terra-LUNA investigation

South Korean prosecutors have arrested a Terraform Labs employee, in their first arrest under the investigation of the Terra-LUNA collapse. A bench warrant, which allows law enforcement to take suspects into custody, was issued on Wednesday for the arrested employee. See related article: Terra CEO Do Kwon to lose his passport within a month  Fast […]

S.Korea gov’t failed, special prosecutor needed on Terra-LUNA, lawmaker says

South Korean ruling party lawmaker Yoon Sang-hyun asserted that the country needs to appoint a special prosecutor to investigate the Terra-LUNA collapse, which affected over 280,000 people locally, in comments at the National Assembly’s parliamentary audit on the Financial Services Commission (FSC), South Korea’s top financial regulator. See related article: South Korea’s investigation of Do […]

Terra CEO Do Kwon to lose his passport within a month

South Korea’s Ministry of Foreign Affairs posted a notice on its website on Wednesday saying the passport belonging to Terraform Labs Pte. Ltd. chief Kwon Do-Hyung, also known as Do Kwon, will be nullified in four weeks if Kwon does not return his passport. See related article: South Korea’s investigation of Do Kwon ‘unfair’: Terraform […]

Do Kwon, where are you?

Do Kwon – the founder of Terraform Labs, has been issued with a red notice from Interpol. But where on earth is he?

Terraform cofounder Daniel Shin to testify in South Korean parliament

South Korea’s National Assembly intends to get to the bottom of the Terra-LUNA debacle in its next audit in October along with several other issues surrounding the local crypto industry.

SBF wanted to join Elon Musk Twitter deal, private text messages show

Sam Bankman-Fried, the American crypto entrepreneur, billionaire and investor, considered joining Musk’s bid to buy social media giant Twitter, leaked private messages reveal.

Scalability is Ethereum’s post-Merge focus: Vitalik Buterin

Vitalik Buterin identified Ethereum’s next big challenges as scalability and layer 2 implementations at the Converge22 conference.

South Korea’s investigation of Do Kwon ‘unfair’: Terraform Labs

Terraform Labs Pte. Ltd., the firm behind the collapse of the Terra-LUNA stablecoin project said South Korean prosecutors’ measures in pursuing its chief executive officer Do Kwon violate his basic rights under Korean law.