Articles by

Ningwei Qin

Ningwei is a Research Associate at Forkast. She focuses on China beat with her previous experiences in major Chinese media of Caixin, CCTV and People's Daily. Ningwei holds a Masters degree in Journalism from the University of Hong Kong.

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December 2022

A series of events: Crypto’s 2022 timeline

Cryptocurrencies had a turbulent 2022 to say the least. Blockchain technology made progress but that failed to offset the multiple bankruptcies and hacks that plagued the industry through the year.

Regulatory issues ‘still challenging’ as CBDCs gain popularity globally, says German tech firm Giesecke+Devrient’s Chief Evangelist Lars Hupel

Central bank digital currencies (CBDC) development and interest are growing rapidly worldwide but regulatory issues remain a challenge, especially for cross-border CBDC transactions.  But German technology company Giesecke+Devrient (G+D) – winner of Best Technology Award in the Hong Kong Monetary Authority’s Global Fast Track CBDC 2022 competition during the city’s FinTech Week in November – […]

Tether launches offshore yuan-pegged stablecoin on Tron

Tether, the world’s largest stablecoin provider, will include the CNHT stablecoin on Justin Sun’s Tron network.

FastForkast headlines

China state-backed NFT trading platform to launch on Jan. 1

Markets: Bitcoin, Ether little changed; XRP leads losses in top 10 cryptos

Japan plans to lift ban on stablecoins issued overseas: report

Markets: Bitcoin, Ether slide; BNB leads gains across top 10 cryptos

Markets: Bitcoin slips, Ether inches up; Dogecoin leads rebound in top 10 cryptos

Markets: Bitcoin, Ether inch up; Dogecoin remains biggest loser in top 10 cryptos

Markets: Bitcoin, Ether gain; Dogecoin is biggest loser in top 10 cryptos

Binance acquires Indonesian crypto exchange Tokocrypto

Markets: Bitcoin, Ether dip; XRP leads declines across top 10 cryptos

Markets: Bitcoin, Ether weaken; Litecoin leads declines across top 10 cryptos

Hong Kong’s SFC appoints new chief who calls for stronger crypto regulation

Markets: Bitcoin, Ether fall; Solana rises as top 10 cryptos retreat

Markets: Bitcoin, Ether strengthen; Solana leads gains in most top 10 cryptos

Crypto savings, staking products not protected in Hong Kong, finance regulator says

Markets: Bitcoin, Ether rise; BNB is biggest loser in top 10 cryptos

Markets: Bitcoin, Ether fall; Dogecoin leads retreat in top 10 cryptos

Hong Kong mulls regulatory requirements for local licensed crypto exchanges: report

Markets: Bitcoin rises, Ether is biggest gainer in top 10 cryptos

Bankman-Fried’s parents cancel classes at Stanford Law School for next year

Hong Kong’s virtual asset licensing regime to take effect next June

Markets: Bitcoin, Ether inch up; Shiba Inu leads rise across top 10 cryptos

Some 97% of Binance’s liabilities collateralized by Bitcoin, wrapped Bitcoin: Mazars

Markets: Bitcoin, Ether weaken; Dogecoin leads slump across top 10 cryptos

Unfazed by FTX fiasco, Goldman Sachs eyes investments in crypto market

Markets: Bitcoin, Ether fall; Polkadot is biggest loser in top 10 cryptos

Bankrupt crypto lender Celsius gets court approval for extension to file restructuring plan

NFTs ruled virtual property in China, its sales protected by law

Markets: Bitcoin, Ether rally; Litecoin sees most gains across top 10 cryptos

DeFi protocol Ankr to buy US$5 mln of BNB to cover funds lost in exploit

Markets: Bitcoin, Ether slip; Dogecoin leads decline across most top 10 cryptos

MetaComp becomes the latest crypto exchange to receive Singapore license

Markets: Bitcoin, Ether rise with Polygon topping gains in most top 10 cryptos

December 2022

Who is exposed to FTX? A running compilation on a rapidly moving target

The number of creditors with claims on the collapsed FTX cryptocurrency exchange and its affiliates may run into the hundreds of thousands and possibly more than 1 million.

Could FTX woes bring on another crypto freeze resembling Terra-Luna?

Crypto exchanges and lending platforms are starting to use the dreaded F word for Freeze amid worries about the possible collapse of, part of one of the world’s biggest cryptocurrency trading networks.

Industry reacts: FTX bankruptcy fears rise after Binance scraps rescue

There are not many white knight investors that are large enough to bail out the embattled crypto exchange, industry insiders say.
, and

What a difference a day makes: Options for FTX after Binance ditches buyout?

Binance cites due diligence on FTX books for pulling out of a deal to buy, sending markets into a tailspin and leaving Bankman-Fried in need of another buyer… fast.

Binance becomes white knight for fallen FTX: How did we get here?

Binance steps in with deal to buy, but with so many moving parts to consider how messy could this pending acquisition get?

FastForkast headlines

Markets: Bitcoin, Ether rise with Polygon topping gains in most top 10 cryptos

Markets: Bitcoin rises, Ether leads gains across most top 10 non-stablecoin cryptos

FTX’s LedgerX prepping US$175 mln for bankrupt parent firm

Swiss crypto bank SEBA Bank expands to Hong Kong

India to roll out retail CBDC on Dec. 1

Markets: Bitcoin, Ether rise; top 10 crypto mostly higher with Dogecoin leading gains

FTX to resume paying wages

Markets: Bitcoin, Ether fall; Litecoin leads decline across most top 10 crypto

Crypto exchange Bybit establishes US$100 million fund to aid institutional clients

Markets: Bitcoin, Ether extend gains; Solana leads rise across most top 10 cryptos

Markets: Bitcoin, Ether prices rise as top 10 cryptos strengthen

Regulators should seek greater disclosure from stablecoin issuers: HK monetary authority researchers

Cardano, blockchain payment firm Coti to launch algorithm stablecoin Djed in Jan 2023

China’s foreign exchange bureau urges stronger legislation to regulate crypto trade

FTX Japan readies for resumption of withdrawals by end-2022: report

Markets: Bitcoin, other tokens add to losses in Asia trading Monday

Bitcoin mining difficulty reaches all-time-high despite slump in price, FTX woes

FTX’s Alameda, affiliates had US$5 bln in liabilities end of Sept, court filing shows

Binance denies UK lawmaker’s allegation it deliberately tripped up FTX

Japan investment manager SoftBank reportedly writes down stake in FTX to zero

Hong Kong said it remains upbeat on digital assets after FTX debacle

Former Huobi CEO Leon Li offers US$14 mln loan to cover funds locked in FTX

U.S. regulators reportedly talking with Binance over failed FTX bail out

US regulators DoJ, SEC, CFTC probe crypto platform FTX

Singapore’s Temasek holds stake in FTX, a target of Binance takeover

Coinbase says it has minimal exposure to FTX, downplays risk

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

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

Chainlink, green asset exchange MVGX to explore crypto carbon trading

Dashcam maker Hivemapper issues crypto HONEY for road image contribution

Binance considers buying banks, bridging gap between crypto, TradFi

mBridge participants to end domestic payments of foreign CBDCs