Articles by

Timmy Shen

Timmy Shen is a Taipei-based journalist at Forkast. Previously, he wrote for Caixin Global and TechNode, covering topics ranging from fintech to fan economy. He also cares about LGBT+ issues and is a shabu shabu fanatic. Timmy holds an MS degree from Columbia Journalism School.

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August 2022

Chandler Guo tells why he is the man who would hard fork Ethereum

In a Q&A, the former cryptocurrency miner explains his methods for trying to pull together a band of Ethereum mining brethren in order to keep their rigs running. The idea started at a party at his house.

Bitcoin miner Hut 8 shares gain on revenue, outlook – despite Q2 profit slump

Crypto mining slump? Canada-based company booked 31% revenue growth on year, expanded Bitcoin holdings, and plans to ramp up mining capacity this year. Other crypto miners seem to be following suit.

Chinese mining rig maker Canaan says global expansion on track despite ‘crypto winter’

Beijing’s drive to stamp out crypto mining and the slump in crypto prices are headwinds that Canaan says it knows how to deal with, adding that the crypto winter may be shorter than expected.

FastForkast headlines

Bitcoin miner Stronghold to return mining rigs to cut debt; shares plunge as losses widen

Markets: Bitcoin, Ether little changed; DOGE, XRP climb in Asia afternoon trade

SEC files brief on Hinman speech as XRP lawsuit drags on

Bitcoin miner PrimeBlock ditches SPAC listing plan

Crypto lender Hodlnaut seeks judicial management for protection against creditors

Markets: Bitcoin, Ether, DOGE fall amid slowing activity in China, SHIB edges up

Judge grants Ripple’s request to review videos of SEC officials

Privacy protocol Monero completes upgrade to make transactions more private

Markets: Bitcoin dips, Ether little changed; Huobi Token surges amid stake sale speculation

Markets: Bitcoin, Ether rise on slower inflation, Ethereum’s completed test run ahead of PoS merge

Binance to support Ethereum’s PoS Merge, evaluate new forked tokens

Markets: Bitcoin, Ether fall in general sell off; Solana takes hit, BNB stumbles

Reddit teams up with FTX to innovate community points

Markets: Bitcoin loses steam, Ether continues run higher in late Asia trading

Netflix K-drama hit Extraordinary Attorney Woo to launch NFT project with Polygon

NFT gaming to drive wider blockchain adoption, Immutable cofounder says

Mythical Games CEO says ‘play-and-own’ is the way to go for P2E games

Bitcoin flat, Ether gains in late Asia trade; BNB still going strong on expanded staking

Bitcoin mining difficulty rises 1.74% after three consecutive drops

Bitcoin, Ether trend lower, Solana bounces back after hack, BNB gets a bump

Philippines’ SEC warns public not to invest with Binance

Binance cofounder Yi He to head US$7.5B VC arm Binance Labs

Solana falls amid hack reports; Bitcoin, Ether edge higher in mixed markets

Waves community approves repayment plan for lending protocol Vires.Finance

Binance spent over US$1B on compliance, founder Changpeng Zhao says

Bitcoin, Ether edge lower in Asian trading, Dogecoin ends July with gains

Apple iPhone maker’s founder distances himself from crypto fraudsters using his image

August 2022

Play-to-earn game developers pivot to engaging fans

A focus on economic sustainability, or play-and-earn, is driving the P2E industry to rein in incentives and instead attract and engage gamers in the hope that they will end up spending on in-game assets.

Financial Stability Board calls for high regulatory standards for stablecoins

The failure of a crypto market player may have spillover effects on traditional finance such as short-term funding markets, says the Basel-based international body.

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.

FastForkast headlines

Apple iPhone maker’s founder distances himself from crypto fraudsters using his image

Bitcoin, Ether rally continues in Friday afternoon trading in Asia

Bitcoin rig maker Canaan to deploy self-mining soon in US, executive says

Tether says USDT reserves have no Chinese commercial paper

IMF says crypto crash hasn’t quite harmed broader financial system

Bitcoin, Ether trade lower ahead of FOMC meeting

Binance’s Changpeng Zhao sues Bloomberg publisher in HK

Japanese bank SMBC plans to develop NFT business

DeFi TVL plunged 67% in Q2

Taiwan says credit cards can’t be used to buy crypto

Bitcoin mining difficulty records largest fall in a year

Polygon’s ZK solution aims to slash current layer 1 Ethereum network costs by 90%

Aave to partner with Pocket to increase blockchain access to dApp developers

US crypto bill may not pass the Senate this year, Lummis says

Ethereum price breaks US$1,600, Ethereum Classic surges 22%

Binance fined by Dutch central bank for improper registration

Crypto miners should disclose energy data, US lawmakers say

Huobi applies for trading license with Hong Kong SFC

NFT gallery drops on Tencent’s SEA music app JOOX

Bitcoin miners in Texas halt operations amid heat wave

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

Animoca says crypto winter ‘a great time’ for venture capitalists

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

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

July 2022

Warnings on crypto, Bitcoin have materialized, says central bank body BIS

Deeper structural flaws in crypto make it unsuitable as the basis of a monetary system that serves society, the Bank for International Settlements said in its annual report.

New York City pride parade will also be marching through the metaverse

LGBT event organizers see the metaverse as technology of the emerging Web3.0 world that opens doors and opportunities for marginalized communities.

Next step for spot Bitcoin ETF in the US may be a courtroom battle

It’s been a ‘Waiting for Godot’ experience for the crypto industry regarding US approval of a spot Bitcoin ETF. A decision next month by the SEC could bring a lift to crypto markets or be a boon to lawyers.

FastForkast headlines

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

Taiwan completes trials of its prototype CBDC for retail use

HTC launches metaverse phone with Ethereum, Polygon support

Chinese blockchain developer calls crypto a Ponzi scheme

Metaverse features expected in HTC’s new phone

Crypto volatility hasn’t had macroeconomic implications so far: Jerome Powell

Solana bets on mobile, launches US$1,000 ‘Saga’ Web3 phone

Bitcoin mining difficulty reading drops 2.35% in latest adjustment

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

Storm in a teacup? WeChat bans account for flipping NFTs

Binance didn’t buy US$2B worth of Bitcoin, founder Changpeng Zhao says

Bitcoin mining difficulty adjusts up 1.3%