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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November 2022

FastForkast headlines

Hong Kong to boost funding, investor pool for fintech startups

November 2022

Hong Kong set to relaunch itself as digital asset hub with revamped policies

When China banned cryptocurrency trading and mining in September 2021, it was feared that policy would make its way into Hong Kong. Seems that concern is getting a rethink.

Aptos rollout faulted for slow processing speeds; native token plunges

The blockchain network was built by former members of the Meta stablecoin project, with well-known investors and considerable buzz as the new ‘Solana killer.’

One country, two systems? Hong Kong seems set to diverge from China on digital assets

Hong Kong seems set to put out a new welcome mat for the blockchain and crypto industries, but will it work after concern about regulatory restrictions convinced many cryptocurrency operators to leave?

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

Regulators also targeted 23 crypto media websites and 440 bloggers.

Game Space to launch a dozen games by mid 2023, says investor Livio Weng

The former CEO of Huobi Global has jumped into the GameFi space.

FastForkast headlines

Hong Kong to boost funding, investor pool for fintech startups

Hong Kong seeks to allow crypto futures ETFs

Huobi Global to end HUSD trading, delist stablecoin

Meta AR/VR arm adds to mounting losses for Facebook parent company

Chinese blockchain firms conducting financial businesses may be violating PBOC guidelines

BIS, Goldman Sachs, HKMA test tokenized green bond project Genesis 2.0

‘Chinese Netflix’ iQIYI taps smart contract ERC-3475 to resolve copyright disputes

Jack Dorsey-founded decentralized social protocol Bluesky gets 30K signups for waiting list 

Hong Kong digital asset firm sets up US$50 mln fund to expand mining business amid crypto winter

Macau is betting on digital currency, CBDC as legal tender

The evidence is in: Chinese courts use judicial blockchain platform to store data

Tether says it slashed all commercial paper, replaced with US Treasury bills

Tianjin boosts electricity rates to further punish underground crypto mining

China digital currency transaction volume soars to nearly US$14B

Valkyrie to liquidate balance sheet ETF, delist from Nasdaq

BSC to hard fork on Wednesday after US$100 mln exploit

Shenzhen leads China in cross-border CBDC transactions: report

Justin Sun, SBF again deny involvement in Huobi Global sale

Crypto exchange Huobi Global announces advisory board

Ethereum liquidity staking protocol Lido links to L2 networks Arbitrum, Optimism

Software firm Spexi raises US$5.5 mln to develop Flow blockchain-based drone imagery platform

Transit Swap hacker mulls return of more funds

US$4B in money laundering happened on DEXs, bridges and coin swaps: Elliptic

Celsius cofounder, chief strategy officer resigns: report

Hacker has returned 70% of stolen US$23 mln in funds: Transit Swap

October 2022

Cross-chain bridge Wormhole, oracle Pyth deployed on Aptos

DeFi infrastructures powered by Jump Crypto will support blockchain Aptos and have been deployed on its development net.

China to expand digital yuan trials within its most populous provinces

The entirety of the provinces of Guangdong, Jiangsu, Hebei and Sichuan will be piloting the e-CNY by end 2022, says central bank official.

ETC mining hashrate reaches ATH after ‘Merge’; two proof-of-work chains are rising

Three Ethereum chains that support mining — Ethereum Classic, ETHPoW and Ethereum Fair — together accounted for about 30% of the peak hashrate of Ethereum before “the Merge.”

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.’

Starbucks brewing NFT customer loyalty platform, so are smaller coffee shop chains

The largest coffeehouse chain in the world recently announced a new non-fungible token platform, while other coffee chains have eyed the technology long before.

Why Ethereum PoW fork gains some crypto exchange backings

Amid uncertainty over Ethereum ‘Merge,’ some seek ways to potentially profit

FastForkast headlines

Hacker has returned 70% of stolen US$23 mln in funds: Transit Swap

ENS address registrations in September notch an all-time monthly high

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

Sweden’s central bank to test use of retail CBDC for instant payments

Bitdeer leads US$250 mln fund to acquire assets from distressed miners: report

Polkadot eyes increasing transaction speed by 100 to 1,000 times

Chinese university sets up metaverse major, names department after metaverse

Gansu Province warns no crypto mining within national data centers

Huobi Technology considers name change

Bitmain cuts mining rig prices amid crypto bear market, energy costs

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

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

Hong Kong encourages firms to bring STO proposals to the SFC

Aptos offers US$1 mln bug bounty for catching critical vulnerabilities

Cross-chain DOT staking dApp wins Polkadot’s North America hackathon

Ethereum mining machine maker Sunlune concludes ‘tens of millions’ Series A with chipmaker Intel’s investment arm

Polkadot to hold first hackathon centered in Latin America

Tencent Cloud, Strange Universe Technology to explore virtual space for enterprise

Huobi to delist ‘privacy tokens’ including Monero, citing regulatory pressure

IMF looks to build platform for cross-border CBDC transactions

Chinese central bank should issue RMB stablecoin for metaverse: academic

Director at China’s Securities Regulatory Commission deep-dives into Web 3.0 in new book, a year after China’s crypto ban

September 2022

Huobi-incubated Chinese NFT platform iBox ends international operations

Its operations in mainland China are continuing as normal.

OSL Digital placed a ‘tokenized bond’ in July — what’s next for blockchain securities?

Financial instruments sold and traded on a public blockchain could be the next big thing, so Forkast caught up with OSL to hear about what’s planned.

FastForkast headlines

Director at China’s Securities Regulatory Commission deep-dives into Web 3.0 in new book, a year after China’s crypto ban

CME Group launches euro-denominated Bitcoin, Ether futures

FTX CEO: no plan to buy crypto exchange Huobi

Bitcoin miners, investors still active in BTC despite price fluctuations

China exploring blockchain for energy trading

Animoca Brand’s Japan subsidiary raises US$45 Mln to invest in NFT

Each NFT scam perpetrator gained average of $300,000 in past year: Elliptic report

Shanghai Data Exchange launches untradeable NFTs

Ethereum finalizes start date for Bellatrix upgrade

Nike becomes highest-earning brand for NFT sales

Beijing, Hengqin ramp up metaverse amid struggling economy