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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March 2022

Fusang delays security-token IPO amid market jitters

Conflict in Ukraine takes a toll on Malaysian exchange’s $10 million IPO just a week before planned listing.

What US Fed’s interest rate hike means for China and its CBDC

Capital control limiting outflows may be less of an issue in the future with e-CNY being a ‘controllable currency,’ experts say.

‘Metaverse’ enters government radar at China’s Two Sessions

Regulation is urgently needed to govern data security and curb speculation as the metaverse industry develops, delegates say.

China’s Two Sessions: what to expect for blockchain

Look for progress reports on e-CNY, blockchain technology, new digital infrastructure, and subtle mentions of the international sanctions against Russia.

FastForkast headlines

BSN, China Mobile support local NFTs with new chain launch

Malaysia ministry: adopt crypto as legal tender to engage the young

Taiwan’s MaiCoin crypto exchange mulls Nasdaq listing: report

Eqonex appoints former Binance UK head as CEO

Binance wins crypto license in Dubai days after FTX

Canaan to buy back up to $100M shares to drive value

Ex-Kazakh president’s brother busted for illegal crypto mining

ConsenSys raises $450M in Series D, raises valuation to $7B

BSN partners with INDUSTRIA, eyes UK market

Binance wins license in Bahrain, explores acquisition of Brazilian brokerage

US senators sound alarm over China’s digital yuan, Russia SWIFT sanctions

Binance eyes gaming, e-commerce in upcoming acquisition spree

UK regulator may cancel Eqonex’s registration over Binance, Bifinity ties

Binance launches fiat-to-crypto service Bifinity

China still has 10% of global Bitcoin transactions, PBOC says

Tencent calls dibs on metaverse virtual concerts in patent application

Nvidia hackers threaten to unleash Ethereum mining limiter disabler

USDT-RUB volume outpaces Bitcoin pair as Russia sanctions pile

March 2022

Buyers snap up Olympics panda NFTs

Animoca Brand’s nWayPlay sold out second batch of Bing Dwen Dwen mascot NFTs on Thursday as prices of first set fetched 900% in average resale value.

Hong Kong makes apt testbed for e-CNY cross-border use

The city’s global reach, Hong Kong dollar and mainland ties make it a good fit for Chinese authorities to trial e-CNY international payments.

China’s e-CNY pilot to boost Hong Kong as offshore yuan trading center

Upcoming digital yuan trial to piggyback on Hong Kong’s popular Faster Payment System for smoother cross-border transactions.

FastForkast headlines

USDT-RUB volume outpaces Bitcoin pair as Russia sanctions pile

Mitsubishi UFJ ditches blockchain payment venture

BSN to integrate CasperLabs’ chain to support NFT issuance in China

Second K-pop agency taps Binance for NFT partnership

China courts improve evidence collection through blockchain

Law can’t cover crypto losses, China court reiterates

Animoca Brands, K-pop agency Cube form metaverse joint venture

Ant Group’s NFT arm punishes users for digital collectible resales

Kazakhstan busts 13 illegal Bitcoin mining farms amid power concerns

BIT Mining ditches Kazakh data center due to rocky power supply

Israel added to Binance’s list of global regulatory trouble spots

NEO gets price bump after NFT integration on BSN

Bybit to issue Oracle Red Bull’s fan tokens in $150M deal

Binance US under probe for ties with trading affiliates: report

Russia may tax Bitcoin miners, create hotspots: report

BSN to integrate Neo’s chain to bolster NFT issuance in China

NFTs, metaverse listed as top ‘must watch’ security risks in Hong Kong

Bitcoin hashrate reaches new ATH in 32% surge

Phillips to auction metahuman-made NFTs for Valentine’s Day

Binance to take $200M stake in Forbes

Crypto to be OK’d for circulation in Russia, as ban concerns fade

US seizes $3.6B worth of Bitcoin stolen in 2016 Bitfinex hack

Bybit teams up with Cabital for more fiat-to-crypto options

Binance, BLACKPINK’s K-pop agency to develop NFTs, other projects

Russian lawmaker suggests minimum 15% tax for crypto miners

February 2022

Are crypto e-red packets a thing for the Lunar New Year?

Digital payments are commonplace in Asia, but gifting crypto as lucky money remains niche.

Crypto mining’s Great Migration continues — out of Kazakhstan

Political chaos and power shortages are causing miners to flee a nation that only recently became the world’s second-largest Bitcoin producer.

NFTs and music: Is the fan outcry over NFTs’ environmental impact warranted? | Part 4

K-pop fans are waging online campaigns against their favorite artists over NFTs, denouncing the technology’s carbon footprint. How polluting are NFTs?

Fusang receives green light for US$10M equity-token IPO

Malaysian exchange will offer equity tokens representing direct shares on the blockchain, claiming it will be the world’s first fully regulated equity-token IPO.

Hong Kong outlines stablecoin regulation plan to check financial stability risks

Stablecoins and CBDCs will likely co-exist in the city, experts say, as Hong Kong looks to thrive as crypto hub.

Kazakh crypto miners remain hopeful, assess satellite option amid unrest

Internet blackouts are partially restored but access remains unpredictable to support full crypto mining, industry players say.

FastForkast headlines

Russian lawmaker suggests minimum 15% tax for crypto miners

Hong Kong to pilot international trade settlement for mBridge this year

Kakao’s Klaytn latest to join China’s BSN International

Kazakhstan cuts off power for crypto mining amid blackouts

BIS to study DeFi for SME financing in Hong Kong

China’s BSN names eight partners for its non-crypto NFT platform

Bitcoin price slumps as mining hashrate and difficulty reach ATHs

Foxconn pledges to boost metaverse development this year

BIT Mining’s Ohio site power capacity grows amid US expansion

Digital collectible gifts on the way for Chinese New Year

Crypto-related crimes in China still high despite ban on transactions

Binance, Gulf Energy enter partnership to develop Thai crypto exchange

Wuhan pledges to develop metaverse to boost Covid-ravaged economy

China to launch own NFT infrastructure by end Jan, BSN confirms

Taiwan icon Jay Chou’s PhantaBear NFT dethrones Bored Ape Yacht Club

Kazakhstan internet restoration still not enough for crypto miners, NetBlocks says