Binance and FTX slash leverage limit from 100x to 20x amid crypto regulations heat
FTX CEO Sam Bankman-Fried says it’s time to move on from high leverage in crypto trading. Binance also seeks new CEO with a stronger regulatory background.
Chinese fireworks artist Cai Guoqiang auctions first NFT for $2.5M
Chinese fireworks artist Cai Guoqiang has entered the world of non-fungible tokens, recently auctioning off his first NFT work for US$2.5 million. Fast facts Cai’s work “Transient Eternity — 101 Ignitions of Gunpowder Paintings,” commissioned by the Rockbund Art Museum in Shanghai, was auctioned on TR Lab for US$2.5 million after a 48-hour bidding period […]
Bye-bye, Binance. Elon Musk spawns Floki Shiba Inu craze. Tickets for tokens in China.
Top blockchain and cryptocurrency news: Binance bounced out of Britain. Musk moves Shiba Inu prices again. China’s digital currency gets ready to roll.
Shiba Inu price jumps 25% after Elon Musk throws new Twitter bone on dog
Elon Musk set off a new SHIB price rally after tweeting that he would name his Shiba Inu—the dog breed that the joke meme coin is named after—’Floki.’
U.S. securities watchdog’s regulatory agenda turns blind eye to crypto
Dashing hopes of greater regulatory clarity for the cryptocurrency industry, the U.S. Securities and Exchange Commission’s recently released annual regulatory agenda does not mention Bitcoin or cryptocurrency regulations.
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.
How FTX CEO Sam Bankman-Fried navigates crypto trading’s new normal
From mass liquidations to meme trading, the characteristics unique to the crypto market can now be seen in traditional markets, says FTX CEO Sam Bankman-Fried.
Hong Kong crypto exchanges seek to wash hands of dirty power problem
Hong Kong-based cryptocurrency exchange Crypto.com has announced that it is committed to becoming carbon-negative within 18 months, following carbon-neutral initiatives launched by other Hong Kong-based cryptocurrency exchanges FTX and BitMEX.
Ethereum 2 to set green future; Koreans demand regulator steps down | The Daily Forkast
Vitalik Buterin sets a green future for the Ethereum network while Bitdeer becomes the latest to block Chinese miners.
How Ripple found new ways to grow XRP business despite SEC lawsuit
Ripple’s CEO Brad Garlinghouse says Ripple was hit hard financially after SEC filed its lawsuit, but the company is now expanding uses for XRP’s technology.
Vitalik Buterin speaks: What lies in the future of Ethereum?
Breaking into occasional Mandarin at a Hong Kong conference, Ethereum’s visionary creator tells all — including why Ethereum 2.0 is taking so long.
Bitcoin rallies as Elon Musk meets with miners in green energy push
Bitcoin has rallied to nearly US$40,000, boosted by tweets from Tesla founder Elon Musk and MicroStrategy CEO Michael Saylor announcing that they have met with North American miners of the cryptocurrency to promote a renewable energy initiative.
U.S. SEC chair Gary Gensler says regulator will enforce crypto rules ‘aggressively and consistently’
U.S. SEC chair Gary Gensler says as technology and markets evolve, regulators should be ready to bring cases involving crypto.
Bitcoin appears to stabilize after dramatic correction
The world’s biggest cryptocurrency may have found a new trading range after being battered yesterday following an apparent Chinese clampdown on cryptos, partly reversing losses of around 30% seen when investors dumped their coins on Wednesday.
Bitcoin’s rollercoaster ride leaves market players unfazed as upside beckons
Professional crypto traders appear to be taking the recent plunge in the price of Bitcoin in their stride as they look ahead to an upswing in the cryptocurrency’s fortunes.
New coin launch seeks to curb Elon Musk’s influence over crypto markets
A group of cryptocurrency developers has launched a new coin named $STOPELON, aiming to limit Elon Musk’s influence over the cryptocurrency market.
U.S. cryptocurrency scams soar tenfold since October, FTC says
American consumers have lost an estimated US$80 million in cryptocurrency investments since October 2020, according to new data from the Federal Trade Commission, which calculated that digital currency scams had jumped tenfold year on year.
Elon Musk slips down rich list as Tesla’s stock loses shine
Tesla founder Elon Musk has lost his position as the world’s second-richest person following a 2.2% decline in the electric carmaker’s share price.
CZ bites back at Binance probe sensationalism — ‘Anyways. Back to work’
Yet another U.S. regulatory probe of leading crypto exchange Binance is underway, but CEO Changpeng Zhao isn’t impressed with news headlines.
China’s miners on Tesla’s Bitcoin 180; Animoca Brands — a star is born | The Daily Forkast
Asia’s crypto industry reacts to Tesla backtracking Bitcoin payments, while Animoca Brands raises US$88,888,888 in a new funding round.
Crypto markets crash as Tesla stops taking Bitcoin for payments
Elon Musk drops ‘fossil fuel’ Twitter bomb on Bitcoin, triggering a BTC price crash and dragging down Ethereum, Dogecoin and Shiba Inu.
How FTX crypto exchange won over 1 million investors and grew 25-fold
FTX crypto derivatives exchange pioneered TRUMP crypto futures and now dwarfs Coinbase in trading volume. Is going public in FTX’s near future?
US dollar dominance waning as CBDCs enter global spotlight
Global US dollar reserves touched a 25-year low in Q4 2020, according to a new IMF report. Will a digital euro and e-RMB muscle in?
FTX CEO on tokenized stocks; South Korean police officers want crypto | The Daily Forkast
FTX CEO Sam Bankman-Fried joins Forkast.News to share how the exchange is able to provide new financial products while still satisfying regulators.
SNL lights too bright for Dogecoin; ESG investments join crypto | The Daily Forkast
Dogecoin is on its weekend hangover as trading volumes in India’s WazirX for DOGE reaches new heights. Meanwhile, ESG investments tackle crypto.
Dogecoin price jumps to new ATH with Gemini support for DOGE
Dogecoin’s price is now at an all-time high of 69 cents, and the joke crypto is now bigger than Ford and Nintendo. Are DOGE investors high on Gemini?
5 US digital dollar pilots launching to chase China’s CBDC lead
The private sector-led Digital Dollar Project is planning CBDC pilots for the US. How are central bank digital currency efforts and progress different in Asia?
Ethereum prices soar over $3,200, making Vitalik Buterin a billionaire
As ETH prices hit a new ATH and continue to the moon, Ethereum’s visionary creator Vitalik Buterin becomes the youngest ever crypto billionaire.
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.
Why new SEC chief Gary Gensler may be Biden’s gift to crypto industry
Are digital assets securities or commodities? Outdated laws offer no clarity, but US is now poised to reform blockchain regulations and lead world by example.
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.
How new SEC chair Gary Gensler can reshape the crypto industry’s future
The former MIT blockchain professor and CFTC chair now sits atop a key regulator over crypto. How might his leadership affect SEC v. Ripple, or Bitcoin ETFs?
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
How blockchain technology’s landscape changed in the tumult of 2020
Far from slowing down blockchain advances, the Covid pandemic may have accelerated the technology’s growth and adoption, blockchain experts say.
Beyond NFT’s hype: Artists and crypto experts take a hard look at NFTs
What are you really getting when buying a non-fungible token, and are NFTs worth their eye-watering prices? Forkast.News dissects the latest crypto craze.
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.’
World’s first major crypto art show opens in Beijing
Headlined by crypto art superstars Beeple and Robert Alice, the in-person exhibit also features works by Chinese artists. Next stop: Shanghai.
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.
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.
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.
Are bitcoin ETFs coming soon to America? Korea’s Shinhan Bank joins CBDC pilot. Argo seeks greener crypto pastures in Texas.
Other top blockchain and cryptocurrency news: As China tightens vise on crypto, Beijing to host 60-artist crypto art exhibition featuring NFT superstar Beeple.
Jack Dorsey cashing in on NFT frenzy. Ripple turns to CBDCs amid XRP’s legal troubles. Is India rethinking a crypto ban?
Other top blockchain and cryptocurrency news: Ethereum takes up with Amazon, plans gas fee changes. China likely to increase blockchain spending.
Ripple: SEC did not give fair notice that XRP violated law
In its latest court filing, Ripple also says SEC led market to believe that XRP was not an investment contract. Outside court, Ripple pursues the CBDC business.
Coinbase to go public on Nasdaq. Cardano upgrades amid ADA price rally. Beeple’s pop art riding high on NFT wave.
Other top blockchain and cryptocurrency news: Goldman Sachs, more big banks line up behind bitcoin. Short-sellers probe crypto miners in China.
NFT mania: Are blockchain art and NBA crypto collectibles a fad or the future?
From Beeple’s digital art to LeBron James video trading cards, non-fungible tokens (NFTs) are transforming the way we create, own and profit from content.
BNY Mellon, Jay-Z join bitcoin conga line. Will NFTs take over real world? Roadmap for Biden to take blockchain leadership.
Other top blockchain and crypto news: DeFi under Fed study. Andrew Yang, Wyoming vie for crypto attention. Hong Kong and India edge toward crypto bans.
Don Tapscott’s “personal call” to President Biden to lead blockchain policy
Blockchain Research Institute’s Don Tapscott outlines how Biden administration can lead technology policy for US to stay ahead in the innovation race.
Tesla drives bitcoin to the moon. Ripple XRP finds love in Japan. First Boulevard partners with Visa.
Other top blockchain and crypto news: ETH hits new high with CME Ethereum futures. DeFi yawns at YFI attack. China steps up DCEP digital yuan tests.
US must embrace digital dollar and cryptocurrency: Blockchain institute report
The Blockchain Research Institute-led report for Biden’s administration also outlines recommendations for crypto regulations and a national blockchain strategy.
Is the Tesla-inspired bitcoin gold rush the sign of a rational market?
Before Tesla’s bitcoin moves, big money was already placing BTC bets. What are bitcoin’s long-term fundamentals? Geoff Morphy of Bitfarms explains.
Bitcoin prices skyrocket after Elon Musk’s Tesla reveals $1.5 billion BTC buy
Tesla has invested $1.5 billion into bitcoin, according to an SEC filing published today. The news sent bitcoin prices rocketing into a new stratosphere.
As SEC goes after Ripple and Bitcoiin2Gen, is DeFi next in its line of fire?
Securities lawyers read the tea leaves of SEC’s lawsuits against Ripple XRP and Bitcoiin2Gen. Will DeFi be next for SEC enforcement actions or regulations?
74% of stablecoins are issued on Ethereum, according to new report
ConsenSys Codefi’s 4Q 2020 report on DeFi trends also predicts more ‘wrapped’ tokens, tranche lending products and Ethereum 2.0 derivatives in 2021.
SEC Commissioner Hester Peirce is optimistic about crypto regulation in 2021
The SEC Commissioner doesn’t want the blockchain and cryptocurrency industry to obsess over regulations, but ‘think about how the technology can be used.’
Janet Yellen clarifies stance, notes ‘benefits of cryptocurrencies and other digital assets’
In written testimony, the US Treasury Secretary-nominee calls digital assets ‘fintech innovations’ and pledges to ‘encourage their use for legitimate activities.’
Biden halts FinCEN’s proposed crypto wallet reporting rules
On his first day in office, President Biden put a freeze on all new or pending Trump-era rules, including rules for crypto, and asked for a review.
Biden’s American Rescue Plan. Crypto’s regulatory outlook in 2021. How not to lose your bitcoin password (don’t ask Stefan Thomas).
Other top blockchain and cryptocurrency news: Twitter’s blue sky initiative. In China, Conflux Network wins another government deal.
Treasury pick Janet Yellen: Crypto crimes are ‘particular concern’
In her Senate confirmation hearing, the US Treasury secretary nominee and bitcoin critic also decried crypto’s role in money laundering and terrorism.
MIT professor Gary Gensler is chosen to lead US SEC
President-elect Joe Biden has named the former CTFC chief to lead the SEC. What does this mean for Ripple and other crypto firms?
Big waves at SEC: Chief enforcer v. Ripple XRP is out. Is Gary Gensler new SEC chair? Elon Musk’s bitcoin flirtations.
Other top blockchain and cryptocurrency news: WhatsApp refugees swarm Signal. Bakkt to go public via SPAC. China tests out new DCEP digital yuan e-card.
‘Crypto Mom’ Hester Peirce calls for more regulatory coordination
In an exclusive interview, the SEC Commissioner shares her thinking on digital assets, DeFi and wanting her agency to ‘do better’ in the crypto space.
SEC commissioner Hester Peirce says enforcement is never good way to provide clarity
In her first public remarks since the SEC’s lawsuit against Ripple and exclusive interview with Forkast.News Editor-in-Chief Angie Lau, SEC commissioner and “Crypto Mom” Hester Peirce says the SEC can do better on clarity and that enforcement isn’t always the best way to provide guidance
Bitcoin and ethereum prices roar into new year. Ripple XRP fans petition White House for mercy from SEC charges.
Other top blockchain and cryptocurrency news: China intensifies DCEP digital currency testing while Russia, Ukraine and Turkey join global CBDC race.
World Economic Forum’s Sheila Warren expects ‘tremendous activity’ on China’s digital currency in 2021
In this edition of Forkast Forecasts, the head of Blockchain, Data and Digital Assets and member of the Executive Committee of the World Economic Forum shares her views on sovereign digital currencies, and the global regulatory landscape.
Blockchain Research Institute’s Alex Tapscott on stablecoins, DeFi and more
In this edition of Forkast Forecasts, the bestselling author offers his views on crypto regulations, DeFi’s rise and digital assets becoming mainstream.
ConsenSys’ Joe Lubin on Ethereum, DeFi and regulation in 2021
In this edition of Forkast Forecasts, the founder of ConsenSys shares his views on Ethereum 2.0, the dialogue with regulators and trends on DeFi adoption in the new year.
Ethereum 2.0 set for launch. Bitcoin hits record highs as Wall Street chief remains meh. Stellar hosts ARST and BRLT stablecoins.
Other top blockchain and cryptocurrency news: After BitMEX, are more CFTC crackdowns coming soon? China frees OKEx founder, exchange to resume services.
Ep. 38 | What Biden’s victory means for crypto. Bitcoin rides new wave. Ethereum 2.0 revs for launch.
Other top blockchain and cryptocurrency news: Will TRUMP crypto losers get second chance? Hong Kong to regulate cryptocurrency exchanges.
On election night, TRUMP and BIDEN tokens put crypto futures to test
Political betting markets are nothing new, but 2020’s is taking on a cryptocurrency twist. Which candidate is winning the crypto futures market?
Filecoin mainnet launch brings Web 3.0 apps to the mainstream
After some early turbulence, Filecoin is now opening up applications like video streaming and social networks that used to exist only in centralized Web 2.0.