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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January 2022

Foxconn’s Taiwan subsidiary receives investment from Google for metaverse projects

The US tech giant will pour $40M via private placement in Ennoconn, as the iPhone supplier continues to dream big for metaverse.

Kazakh riots hit crypto miners amid internet blackout

Bitcoin hashrates tumble as miners unprepared for an outage, experts say.

China’s digital yuan app now publicly accessible, one step closer to launch

But e-CNY adoption remains an issue, with mobile payment platforms such as Alipay and WeChat Pay already ubiquitous.

Binance faces regulatory rebuke in Ontario, obtains preliminary approval in Bahrain

The world’s largest crypto exchange continues struggling to stay compliant, but it has seen some luck in the Middle East.

FastForkast headlines

Chinese mining rig maker Canaan deploys 10K machines in Kazakhstan

South China’s Guangxi region looks to cross-border e-CNY trade uses

CryptoPunk NFT sells for $820K, reflecting Chinese investor interest

January 2022

Year in review: Top China blockchain news in 2021

China tries to stamp out Bitcoin mining while increasing its influence over blockchain technology and preparing the digital yuan for launch. What lies in store for 2022?

US SPAC’s refusal to merge with Hong Kong crypto firms raises questions

Crypto 1 will consider acquisition targets worldwide but steer clear of digital assets companies in China and Hong Kong. Are the lights dimming on a major crypto hub?

BIS: DeFi has few real-economy uses, says ‘decentralization is an illusion’

With suitable regulation in place, DeFi could yet play an important role in the financial system, BIS suggests.

South China’s Hainan province hikes electricity fees on those who have mined crypto

On top of China, authorities in Russia and Ukraine are busting underground miners, while U.S. Senator Elizabeth Warren presses a New York miner.

Bitget suspended over Army Coin, named after K-pop boy band BTS fanbase

Singapore-based crypto exchange had claimed the fan token would support BTS members — while the band’s agency denied any association with it.

K-pop agency Cube bets big on NFT and metaverse

The impresario behind superstars BTOB and (G)I-DLE tells Forkast.News there’s ‘no upper limit’ to how much Cube will invest in NFTs and a metaverse for concerts.

FastForkast headlines

CryptoPunk NFT sells for $820K, reflecting Chinese investor interest

Court in Beijing says losses caused by crypto mining deals not protected by law

Chinese mining rig maker Canaan secures purchase order from Genesis for 30K units

Binance to set up digital asset exchange in Indonesia with local telecom giant

China’s Zhejiang province busts dozens of state-owned entities for mining crypto

Hong Kong-based Brinc closes $130M funding led by Animoca Brands to fuel Web 3.0 growth

Bored Ape Yacht Club teams up with Animoca Brands to develop play-to-earn game

US SPAC Crypto 1 closes IPO, says won’t pursue ‘business combinations’ with any Hong Kong crypto firms

Binance’s Singapore entity pulls license application for local crypto exchange

China’s Yunnan province eradicates illegal power supply for Bitcoin mining

Bitcoin hashrate recovers six months after China’s crypto ban

Hong Kong sees high engagement with crypto, Visa research shows

Animoca Brands holds $15.9B in digital assets at end-November

Binance acquires 18% stake in HGX securities exchange in Singapore

China’s PBOC wants to link e-CNY with Hong Kong’s Faster Payment System

Gaming giant Ubisoft launches in-game NFTs on Tezos

Iceland turns away new crypto miners amid power shortage: report

Crypto exchange Coinhako secures investment from SBI, Sygnum, Azimut

Chinese video site Bilibili tests ‘UPowerchain’ to develop metaverse

Binance, Animoca Brands launch $200M investment program to accelerate GameFi startups

Binance chief CZ wants to bring business back to UK: report

Foxconn’s Terry Gou: mainstream monetary finance could not be decentralized

‘The Irishman’ producer Niels Juul hopes to make film fully funded by NFTs

DeFi protocol BadgerDAO suffers $120M exploit

Scottish whisky brand The Dalmore to offer limited-edition liquor NFT

Bitcoin miner Griid set to go public via Adit EdTech merger

Chinese cybersecurity firm Qihoo 360 develops crypto mining tracking system to facilitate clampdown

NFTs on China’s BSN migrate to OpenSea to tap global market

Huobi Group poised to establish regional hub in Singapore

December 2021

China’s new mobile payment rules could pave the way for e-CNY, experts say

In the long run, the new rules may ‘lay the perfect foundation’ to improve risk management, says an ICBC expert.

Crypto miner Xive flees southern Kazakhstan amid power shortages

Xive co-founder tells Forkast.News no mining is possible in the south, while other regions still survive.

Digital yuan scams emerge across China as central bank readies e-CNY

Inner Mongolia police bust yet another digital yuan money laundering case.

Norway considers banning Bitcoin mining while Laos embraces it

The Scandinavian country is concerned with potential environmental harm, while the debt-laden SE Asia nation seeks to regulate.

Texas faces new concerns over power grid burdens as crypto miners flood in

China’s mining exodus has flowed to the cowboy state that embraces crypto, but it might have to take into consideration the surging power loads.

Chinese mining rig maker Canaan reports record-high earnings

China may be banning crypto mining activities, but rig makers appear to be spared from the clampdown.

China sees another digital yuan fraud case

Chinese police have busted yet another tele-fraud case related to e-CNY money laundering as the country continues to test the digital currency.

Taiwan has a chance to develop crypto amid China’s clampdown, Filecoin Foundation director says

As crypto projects are relocating from China to friendlier shores, it represents ‘huge opportunity’ for Taiwan.

Indonesia’s top Islamic council says crypto use is forbidden for Muslims: report

The religious body’s decision comes after the country saw crypto transaction growth earlier this year.

For China, quantity of blockchain patent applications not necessarily quality: report

The greatest number does not mean the greatest significance, analytics firm PatSnap says.

Bitcoin mining is ‘infinitely sustainable,’ says Blockstream executive

Panel explores sustainability issues surrounding the energy-intensive industry at Bitcoin & Beyond Virtual Summit.

New Hong Kong youth association hopes to nurture ‘patriotic fintech talents’

The city’s disaffected post-protest youth and recent statistics suggest a brain drain in the city’s future.

FastForkast headlines

Huobi Group poised to establish regional hub in Singapore

Nigeria charges ahead with CBDC deployment with 600K app downloads

Chinese state media warns on risks related to the metaverse

Tether pledges to work with policymakers on stablecoin transparency

US Senate Banking Committee sends inquiries to stablecoin issuers

Elon Musk takes on Binance with Dogecoin withdrawal glitch

China’s Fujian authority reiterates crackdown on crypto mining

Chinese mining rig maker Canaan boosts self-mining business in Kazakhstan

More Chinese crypto news services appear to become unavailable

Bit Digital completes mining rig migration from China to US

GBBC maps out global industry standards to analyze digital asset landscape

China pledges to raid state-owned entities for crypto mining activities

Animoca Brands dreams big with K-pop agency Cube to build metaverse and NFTs

China ousts former official for supporting crypto mining, corruption

Russian parliamentarian proposes to study and regulate crypto mining

Kazakhstan’s legal crypto miners won’t face power restrictions: energy minister

Chinese edtech company pivots to crypto mining amid China’s clampdown on tutoring

Goldman Sachs executive says tokenization redefines liquidity transaction