Asia-Pacific

Crypto surges on US inflation rise meanwhile, Korean investors win damages

The greatest number does not mean the greatest significance, analytics firm PatSnap says.

As speculation continues over the fate of the Chinese property development giant, crypto markets were not spared the downturn over fears of its potential collapse.

Despite movement from both the ruling Democratic Party and the conservative party to delay the 20% virtual asset gains tax, South Korean finance minister still thinks it should start as planned for Jan. 1, 2022.

Top blockchain and crypto news: Ethereum rises and rivals follow. Taxing times for US investors. New life for reborn crypto miner.

Speaking at the Singapore FinTech Festival, Singapore central bank chief Ravi Menon announces the launch of Project Orchid, a digital dollar project.

The city’s disaffected post-protest youth and recent statistics suggest a brain drain in the city’s future.

The country will follow global crypto guidelines in excluding non-fungible tokens (NFTs) from its categorization of virtual assets — meaning income from NFTs may remain untaxed in Korea.

Canaan is seeking $14 million in alleged losses from Shenzhen HighSharp Electronic Technology and Sichuan Yinbimei Technology.

DBS Bank — Southeast Asia’s largest lender — intends to scale its crypto exchange as it invests in blockchain and wants to be nimble to adapt to how DeFi evolves.

e-CNY scam investigated meanwhile S Korea gets metaverse bug

BTS’ label dreams bigger than just dominating the K-pop world — they want to digitize the IP even more.

Information Technology (IT) firms in South Korea set up shop in the realm of the metaverse, with their first step being non-fungible token (NFT) platforms.

Police crack a tele-fraud case related to digital yuan money laundering, potentially thanks to the CBDC’s ‘managed anonymity’ feature.

One of Asia’s largest fintech events returns for its sixth year with a hybrid format of live and virtual sessions. Regulators, corporations and experts share what’s important now in crypto.

ETH and SOL hit all-time highs as well as CBA offers crypto services

Top blockchain and crypto news: Stablecoins at regulatory crossroads. Squid Game crypto players suffer shocking fate. Are metaverses China’s new national insecurity?

It’s a red light for those who bought the controversial token inspired by the Netflix mega-series Squid Game, as its developers appear to have cashed out their investments, leaving SQUID’s price to plunge 99.99%.

In a city where memories disappear every day, people are turning to blockchain to preserve news archives — so the first drafts of history will survive.

The hacked DeFi platform called China’s cyber police first thing as most users appear to be in China.

Ant Group and Tencent recently rebranded NFT projects as digital collectibles amid China state media criticism.

The darling of the play-to-earn gaming world had an explosive start but now struggles with deflation and lower player earnings. Is the play-to-earn model sustainable?

The wild popularity of South Korean Netflix TV series Squid Game and K-pop boy band BTS prompt parody tokens in the crypto space under circumstances that are being called into question.

Behind this year’s giddy markets, evil and tragedies abound. Just in time for Halloween, Forkast.News shakes out the skeletons in crypto’s closet.

South Korean mobile game developer Netmarble to create a virtual K-pop idol group under partnership with internet giant Kakao group using meta-human technologies.

Recent developments indicate the government is looking to regulate the sector instead of quashing it, and industry experts remain optimistic. 

Top blockchain and crypto news: Is Tesla’s turbocharge a boost for Bitcoin? Mastercard’s Bakkt with a new crypto deal. Chinese NFTs on knife-edge.

Philippines trials blockchain voting meanwhile Byron Bay to host crypto mining

Local miners told Forkast.News that existing legal miners won’t be much affected, though they’re still subject to power rationing.

The Singapore government-incubated blockchain platform promises to dramatically speed up transactions and lower the cost of international trade.

Tech giants banish non-fungible token references as Beijing looks down new virtual asset market.

The nation’s elections commission wants to upgrade its voting technology to improve voter turnout and public trust. Does blockchain check the boxes?

While the government signals it is ready to promote the industry, the country’s banks remain unimpressed. ANZ has already settled its de-banking case with Allan Flynn, but as the tribunal with Westpac concluded over the weekend, what should we expect from the outcome?

The Australian government sees blockchain’s enormous benefits and is now actively developing the technology, writes Chami Akmeemana. What can other countries learn from this?

Australia’s Senate report into fintech regulations includes 12 recommendations for a clear digital assets framework.

A lawmaker claims authorities gave the country’s largest crypto exchange privilege in meeting government requirements.

The Senate unveiled its most comprehensive look at blockchain regulation, hoping to transform the country into a global industry leader.

In a special Q&A, CEO Louis Liu describes the hoops FOMO Pay jumped through to win Singapore’s first crypto license and calls its regulator a ‘collaborator.’

Top blockchain and cryptocurrency news: Bitcoin grows up. Facebook’s metaverse journey. China’s crypto investors find a workaround.

More industry players are exiting the Chinese mainland market amid tougher crackdown.