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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June 2022

FastForkast headlines

FTX, OpenSea make the cut to Forbes Fintech 50

Binance claps back at Reuters money laundering allegations

SEC said to probe Binance for rule violation in 2017 initial coin offering: report

Prosecutor OKs arrest of Chinese executive accused of embezzling US$8 mln to mine Bitcoin

Macao needs China’s heft in tech to introduce CBDC, official says

BNB Chain teases out roadmap to boost decentralization, support dApps

June 2022

Beijing banned crypto mining, so China miners went underground

Authorities and Bitcoin miners play a cat-and-mouse game as miners find means to stay off the government radar and dodge crackdowns.

China banned Bitcoin mining and became world’s No.2 Bitcoin miner

The 2021 Bitcoin mining exodus has left underground miners thriving to push China’s hashrate share near to the top, new study finds.

Singapore’s Temasek says doesn’t own Bitcoin, but prepping for tokenized assets

The Bitcoin community got a lift last year when it was reported Singapore’s sovereign wealth fund had bought Bitcoin. The company told Forkast in an interview that they do not own BTC, but they are keen on blockchain investments.

China’s diktat against NFT flipping spawns an ingenious industry

Despite Beijing’s rhetoric against speculation in non-fungible tokens, some in mainland China are trading on WeChat groups, spawning an industry that caters to the fervor over the asset class.

Central banks double down on CBDC issuance: BIS report

A 2021 poll of 81 central banks by the BIS reveals that work on retail CBDCs has moved into more advanced stages, driven by a need to increase financial stability amid the pandemic, and the emergence of stablecoins.

The Mooch is back, and batting for crypto!

Anthony Scaramucci, founder of investment firm SkyBridge Capital and former White House communications director, says governments such as those in China and the US will inevitably allow for people to own and trade cryptocurrencies.

FastForkast headlines

BNB Chain teases out roadmap to boost decentralization, support dApps

Russian official calls for crypto mining regulation: Report

NFTs based on late Qing dynasty painter Wu Changshuo’s artwork sell out

Chinese stock image agency VCG tests NFT marketplace

Bitcoin mining hashrate, difficulty drop since crypto crash

Hydropower plant in China’s Hubei province fined for powering crypto mining

China’s BSN to launch overseas public chain without crypto support

Russia uncovers a crypto mining farm in its oldest prison: report

Tether, USDT market cap has dropped by US$10B since UST collapse

Sony Music’s RCA Records Web3 venture breaks into Greater China

Bitcoin rig maker Canaan reports over US$200 mln in Q1 revenue

LUNA bull Novogratz breaks silence

Netflix Sweet Home producer to build K-drama metaverse in the Sandbox

Kakao’s Klaytn to build blockchain in China with BSN

Celsius Network’s mining arm plans public listing

ECB study says anonymous CBDC may get outshined by private coins

Binance pulls the plug on TerraUSD (UST) trading pairs

Tether stabilizes after burning 3 billion tokens amid redemptions

China’s industry lobby forms metaverse committee to help draft standards

Bitcoin mining difficulty at a record high

Terra’s UST fiasco cited by Yellen, who warns about stablecoins

El Salvador snaps up US$15 mln in Bitcoin after price plunge

Nvidia to pay US$5.5 mln for inadequate disclosure of crypto mining earnings

Binance bags its first European license in France

Kazakhstan orders Bitcoin miners to file status reports

The SEC is building a SWAT team to combat crypto crime

Bitcoin lobbyists rebut ‘misconceptions’ over environmental impact

May 2022

‘Voice of April’ NFTs highlight Shanghai’s struggles amid harsh lockdown

As many as 600 NFTs featuring a montage of audio calls and complaints made by Shanghai residents as they interacted with medical staff and neighborhood compound managers have appeared on OpenSea.

No love for Putin. Binance denies sharing data with Russia

Binance, the world’s largest cryptocurrency exchange by trading volume, denied sharing client data with Russian authorities, following a Reuters investigation into the exchange’s ties with the country.

Resist the temptation on NFTs, Chinese state-backed developer says

In an exclusive interview with Forkast, the head of government-founded Blockchain-based Service Network (BSN) cautioned against packaging NFTs as investment products despite the temptation to profit off the euphoria.

SEC comes around on Bitcoin ETFs

Oversight by the American commodities regulator of the Bitcoin futures ETF by Teucrium helped with the SEC approval.

Yi He: Binance will take the arrows for industry compliance, security

Pioneers take arrows. No one knows it better than Binance. The world’s biggest cryptocurrency exchange by volume wants to set the industry standard when it comes to compliance and security as past missteps hold it in good stead.

Calling a spade a spade holds Binance’s lesser known cofounder in good stead

As the world’s biggest cryptocurrency exchange battles the onslaught of regulators globally, cofounder Yi He is stepping out of the shadows to help steer the company.

FastForkast headlines

Bitcoin lobbyists rebut ‘misconceptions’ over environmental impact

Samsung Asset to list blockchain ETF in Hong Kong: report

Three Arrows Capital to ditch Singapore for Dubai

Bitcoin mining difficulty hits new high in latest adjustment

Almost 60% of Bitcoin mining now on sustainable energy: BMC

Binance may set up shop in G-7 country in Europe, says founder CZ

Fireblocks provides institutional investors access to Terra DeFi

China’s sports brand Li Ning to showcase Bored Ape Yacht Club

Binance.US pulls out of Blockchain Association, sets up own influence lobby

Russian crypto miner Bitriver added to US sanctions list

Binance.US wins license in Puerto Rico to fuel growth

Binance closer to Thai business as Gulf Energy greenlights joint venture

Bitcoin mining difficulty drops amid market turmoil

Circle raises $400 mln, teams up with BlackRock to develop USDC

China museum chief fences cultural relics from NFTs

China’s industry lobbies join NFT bashing chorus

Need for Speed gets Hong Kong’s Animoca in driver’s seat

China’s Sichuan province launches NFT marketplace

Binance wins Abu Dhabi nod for another MENA outpost

e-CNY now a payment option on WeChat Pay in all pilot areas

Binance.US valued at $4.5B following first seed round

China’s Shandong TV to build NFT marketplace

Russian darknet Hydra, crypto exchange Garantex sanctioned by U.S.

April 2022

FastForkast headlines

Russian darknet Hydra, crypto exchange Garantex sanctioned by U.S.

China’s Greenland plans cross-border carbon credit trading with Singapore exchange

China takes aim at corruption in underground Bitcoin mines

Chinese telecom giant ZTE snaps up metaverse-related trademarks