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118 articles

July 2022

Crypto trading volumes tank; India’s crypto info call to G20

Crypto trading volumes plummet as the crypto winter continues. Meanwhile, India calls on G20 to share information on crypto.

Failed promises compel South Korea’s game makers to explore foreign shores

The country’s major game developers continue to focus on overseas markets as there are no signs of a thaw in the government’s stance on games that include elements of blockchain and play-to-earn.

Why Singapore needs to rethink its approach to regulating crypto

Singapore wants to attract institutional capital while shielding its people from crypto — but it can’t have it both ways, writes Donovan Choy.

As earnings from play-to-earn games dwindle, some turn to upskilling players

Players are being educated to turn into writers, content creators, streamers or e-sports players as earnings from play-to-earn games aren’t enough to substitute for a day job.

Bitcoin briefly above $22,000; Binance Philippines ban urged

Bitcoin briefly returns to the US$22,000 mark. Meanwhile, InfraWatch PH calls for a ban on Binance in the Philippines.

Sam Bankman-Fried’s Voyager debt emerges; Celsius reshuffles board

SBF’s Alameda Research debt to Voyager emerges. Meanwhile, South Korea agrees to cooperate with the US on Terra-Luna investigation.

Vauld buyout talks; Celsius fights against bankruptcy

Crypto exchange Vauld is in buyout talks with Nexo. Meanwhile, other exchanges are in a fight against bankruptcy as Celsius pushes on despite short squeeze.

MAS mulls crypto limits; Pacquiao’s Pacman NFTs

Singapore’s monetary authority mulls on crypto limits. Meanwhile, Manny Pacquiao drops his NFT collection despite the crypto winter.

FastForkast headlines

Singapore’s MAS to further strengthen crypto regulations

India’s crypto industry plans new liaison group

Animoca Brands poaches Tencent Insurance arm’s CEO Alan Lau

India says a crypto ban would require international collaboration

India’s finance minister calls on G20 to share information on crypto

Terra subsidiary used as funds channel for overseas affiliates: report

Huobi applies for trading license with Hong Kong SFC

India’s industry body dissolves its crypto advocacy council

Crypto exchange Fasset, Mastercard seek expansion in Indonesia

South Korea’s Ifland metaverse dives into play-to-earn

Lightspeed launches US$500 mln fund for India, SEA

Aespa, NCT’s SM Entertainment builds metaverse studio Kwangya

S. Korea’s Danal, LG CNS to build ‘one-for-all’ Web3 payments platform

South Korea’s SK Telecom to build its first Web3 wallet

DTI says no legal basis to ban Binance in the Philippines

PSG sells US$220,000 NFT tickets for first Japan tour in 27 years

Singapore’s low taxes draw Japan’s Web 3.0 companies

India’s Directorate of Enforcement said to question crypto exchanges

Philippines think tank calls for ban on Binance

Hong Kong SFC boss Ashley Alder to head UK’s Financial Conduct Authority

South Korea may team up with US to investigate crypto crimes

South Korea’s Uprise said to have lost US$20 mln in client funds on LUNA short

Most Indian traders impacted by India’s crypto tax: survey

Nexo in talks to buy out Vauld

South Korean convenience store CU helps bring booze culture to metaverse

Can Cardano pack a punch with Pacquiao NFTs?

S.Korean dancer NO:ZE uses NFTs to safeguard choreography IP

Vauld halts withdrawals, trading, deposits; explores restructuring

Singapore may limit retail participation in crypto

Samsung produces 3nm chips that can be used for Bitcoin mining

Indian crypto trading volume drops as much as 63% after new tax

OSL cryptocurrency exchange cuts 15% of its staff

Cryptocurrencies a clear danger: India central bank chief

China’s Ant Group, Tencent, Baidu, push for NFT self-regulation

MAS takes aim at Three Arrows Capital, does not impose penalty

July 2022

India’s latest tax assault on crypto exchanges starts Friday

India’s government can’t seem to decide on following China with an outright ban on crypto trading. So is it bent instead on suffocating traders and exchanges with taxes?

K-pop logs in to the metaverse strung by idols’ vagaries, inability to tour

South Korea’s behemoth music industry is trying to sidestep its reliance on human performers by debuting virtual stars in the metaverse. But severing ties with fallible K-pop idols is easier said than done.

Bitcoin Jesus denies default; Celsius fight back planned

Bitcoin CEO Roger Ver denies defaulting on a loan to CoinFLEX. Meanwhile, Youtuber Bitboy takes aim at Celsius Network.

CoinFLEX issues recovery tokens; MAS says cryptos not currencies

CoinFLEX to solve its liquidity problems by issuing a recovery token. Meanwhile, Singapore’s central bank doubts crypto capabilities.

Singapore’s central bank says cryptocurrencies have ‘no fundamental value’

Whither Singapore in the cryptocurrency world? The Monetary Authority of Singapore has some views on that and as with most markets, there are winners and losers.

Mind the gap: Bridging the divide between DeFi and CeFi to grow yield

As traditional finance sector firms continue to seek upside crypto exposure, bringing DeFi yields to TradFi has a bright future, says B2C2’s Phillip Gillespie.

CoinFLEX freezes withdrawals; Investors deserting Singapore

CoinFLEX joins other exchanges in freezing withdrawals. Meanwhile, crypto investors in Singapore head for the exits.

How a market slump may be helping Singapore’s stance against retail crypto

One door closes and another opens, which seems to be what’s happening in Singapore as the crypto price slump restructures the trading environment.

Crypto winter ushers in account freezes as platforms feel the chill

Top blockchain and crypto news: Investors snowed in as liquidity crunch hits. Solend harpoons anti-whale maneuver. Chinese NFTs prove a tricky target.

S.Korea blocks ex-Terra employees from leaving country amid investigation

Prosecutors said they also wish to interview Terraform Labs Chief Executive Officer Kwon Do Hyung as part of an investigation into the multibillion dollar collapse of the company.

NFT fraud in focus; Bybit job cuts

Crypto exchange ByBit lays off 30% of its staff. And as the NFT market grows, how do we combat against scams?

FastForkast headlines

MAS takes aim at Three Arrows Capital, does not impose penalty

North Korea said to be responsible for Harmony Horizon hack

Tencent launches XR unit to develop ‘benchmark’ VR products

US Treasury says prioritize sanctioning North Korea for crypto hacking

Chinese blockchain developer calls crypto a Ponzi scheme

S.Korea’s Korbit issues employee IDs in CryptoPunk-like NFTs

Australia’s ANZ stablecoin used to purchase carbon credits

India’s CoinDCX says it restricted crypto withdrawals

RBI, India banks launch blockchain-based trade financing project

South Korea’s SK Square said to put off crypto issuance

Shenzhen financial regulators vow to prevent ‘further’ crypto risks

India tax authorities to discuss 28% GST on crypto trading next week

Singapore grants in-principle approval toward offering payment services

Chinese maker of virtual garment designing software raises nearly US$100 mln

China’s Guizhou province to slap backdated power charges on uncovered crypto miners

BTC Markets first crypto firm to win Australian Financial Service License

Chinese NFT platform apologizes for using Hong Kong movie star Louis Koo’s images

Crypto is based on the greater fool theory: Philippines’ incoming central bank chief