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118 articles

October 2022

Vincent van Gogh Sites Foundation launches legendary artist into Web3

Non-fungible tokens (NFTs) can be used to preserve and spread fine art and cultural heritage, tapping into new generations of audiences and patrons, said stakeholders.

China shuts 13 underground crypto trading apps, a year after ban

Regulators also targeted 23 crypto media websites and 440 bloggers.

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.

What lies ahead for crypto in India

Binance in India – potential or problem?

Binance targets expansion in Philippines, Turkey, executive says

The world’s largest crypto exchange’s regional head of Asia says the Philippines’ GameFi community and rampant inflation in Turkey present opportunities for Binance.
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China’s international blockchain push may face Huawei-like obstacles

China spent billions on its ‘belt and road’ infrastructure network to expand trade so what are its plans for a domestic and international digital infrastructure built on blockchain?

FastForkast headlines

Coinhako aims to grow institutional users, introduces arm for eligible clients

Crypto exchange Coinbase awarded in-principle license for Singapore

Singapore eyes blockchain-based payment systems for faster cross-border transactions

WazirX wants to integrate India’s digital rupee

Crypto exchange Huobi Global announces advisory board

RBI to begin CBDC pilots, outlines wholesale, retail concepts

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

Terra’s network validator DSRV Labs CEO denies prior knowledge of Terra-LUNA collapse

Singapore’s central bank says illegal crypto operations will be hunted down

Aussie laundered stolen retirement funds via Hong Kong using crypto, diamonds

South Korea makes first arrest in Terra-LUNA investigation

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

S.Korea financial regulator restates support for blockchain, crypto protections

Terra CEO Do Kwon to lose his passport within a month

Terra cofounder Daniel Shin pulls out of S.Korean parliamentary audit, report says

Japan’s PM announces NFT and metaverse expansion

Dunamu, BTS’ Hybe launch first K-pop digital collectibles platform

October 2022

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.

Cryptocurrency crowd shrugs off market woes at upbeat TOKEN2049 conference

In the first of a two-part report on this year’s cryptocurrency gathering in Singapore, defiance outshone defeatism despite industry’s struggles.

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.

Australia gears up for state-backed digital currency trials

Top blockchain and crypto news: Digital dollar didgeridoos. Bitcoin softens as sterling sinks. ‘World’s dumbest’ crypto criminals nabbed in China.

Do Kwon denies cashout allegations

The man behind Terra-LUNA contradicts the basis of the new action South Korean authorities took to corner and locate him.

South Korea’s industrial city to reinvent itself in the metaverse

Changwon is the latest addition to South Korea’s growing list of cities seeking a presence in the metaverse, signaling the country’s adoption of Web3.

Is the Philippines on track to becoming a blockchain hub?

The Philippines now ranks 2nd in the world for crypto adoption, but its path ahead is unclear, writes Emman Navalan. What are the hurdles it must overcome?

Interpol issues red notice for Do Kwon, says South Korean prosecutor

South Korea is pursuing different options to get custody of Do Kwon as the Terraform Labs CEO faces charges for his alleged involvement in the multibillion collapse of the Terra-LUNA stablecoin project.

South Korea’s Busan city wants to be blockchain central. Did everyone get the memo?

The coastal city was a prominent manufacturer of footwear, fabric and other light industries during the 1970s and 80s, and then grew into one of the world’s biggest container ports. Now it’s trying to reinvent itself in the digital world of blockchain.

Philippine central bank sees stablecoins as key to make payments more efficient

Bangko Sentral ng Pilipinas (BSP) Director Mhel Plabasan said the central bank has adopted a flexible approach on the digital assets.

Girl group AKB48’s producer to launch metaverse idol; IEO in the works

J-pop is increasing ties with immersive metaverse technology, with Japan’s top record producer Akimoto recently announcing his ambitious virtual idol project.

South Korea unlikely to push out crypto regulation before the U.S., authority says

South Korea’s top financial watchdog Monday said it is difficult for the country to establish laws overseeing the cryptocurrency industry in the country ahead of a common global regulatory framework as cross-border enforcement would be a key determinant of effectiveness.

Australia Senator says China’s CBDC may threaten national security

Amid the worsening relationship with China, one Australian Senator is trying to address possible national security concerns that may arise from Beijing’s Central Bank Digital Currency project.

Busan’s big blockchain plans

Welcome to The Daily Forkast – September 16, 2022 – presented by Joel Flynn. Coming up on today’s show: Could Busan be the next crypto hub? Will help from Binance and FTX finally establish South Korea’s second largest city as the crypto haven it’s trying to be? We’ll have more on those stories — and […]

For South Korea, making Do Kwon pay for his alleged crimes easier said than done

A member of the prosecuting team tells Forkast additional charges are likely to be leveled against Terraform Labs Chief Executive Officer Do Kwon following this week’s issuance of an arrest warrant for violating the country’s Capital Markets Act.

Terra CEO Do Kwon faces ‘illegal alien’ status in Singapore as Seoul cancels passport

Prosecutors investigating the man behind the US$37 billion wipeout of the Terra-LUNA cryptocurrency project are raising the stakes to get him back to South Korea.

Merge finally arrives; India’s female traders

Welcome to The Daily Forkast – September 15, 2022 – presented by Megha Chaddah. Coming up on today’s show: Ethereum’s Merge is complete. Indian women start to plug into cryptocurrency trading. And finally, can the crypto world shrug off carbon footprint concerns? We’ll have more on those stories — and other news shaping the cryptocurrency […]

China’s two systems for crypto: Trading is banned, but virtual assets can be protected

In a decision involving Litecoin, a Chinese court says there are no rules ‘that negate the protectability of cryptocurrency itself as virtual property.’

FastForkast headlines

Dunamu, BTS’ Hybe launch first K-pop digital collectibles platform

Binance sets up shop in New Zealand in global push

India financial crime unit cites ‘Chinese-controlled entities’ in alleged crypto fraud

Busan taps K-pop metaverse to win 2030 World Expo bid

Hong Kong seeks suitable use case to sell public on retail CBDC: report

India ED freezes US$1.57 mln in crypto allegedly laundered through WazirX, Binance

Japan plans new crypto transfer rules to combat money laundering

Upbit exchange to use LUNC fees to set up crypto monitoring center

South Korea’s crypto market capitalization drops 58%; user numbers rise

DBS offers self-directed trading for accredited investors

Dunamu looks to K-pop group BTS NFTs to beat ‘Crypto Winter’

Gansu Province warns no crypto mining within national data centers

Japanese banking giant Nomura’s crypto unit to be based in Switzerland

South Korea seizes US$184 mln in crypto towards unpaid taxes

India’s finance minister sees 46% growth in blockchain technology use in next few years

China says blockchain patent applications make up 84% of world’s total

India’s CoinDCX Twitter handle hacked to peddle XRP

Hong Kong needs at least two years to build wholesale CBDC: HKMA

South Korea and Meta to ramp up metaverse safety

Do Kwon says “not on the run” as S.Korea calls for Interpol’s red notice

Hong Kong encourages firms to bring STO proposals to the SFC

S.Korea finance regulator: crypto can be subject to capital markets law

Singapore Deputy Prime sees “tremendous potential” in tokenization and DLT

Singapore grants capital markets license to SBI’s digital asset arm

Thailand bans crypto lending and staking services

South Korea will not rule the metaverse with game laws, science ministry says

South Korea’s Seongnam city to provide citizenship rights through NFTs

South Korea issues arrest warrant for Terraform Labs CEO Do Kwon

Should K-pop’s BTS get pass on military duty? Metaverse jury still out

Huobi becomes third global exchange to sign with S.Korea’s Busan city

Filecoin service provider RRMine leaves China for Singapore