Contributor
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.
NFTs and Art
The Hainan International Art Exchange Center on Wednesday launched an NFT art-trading platform that supports e-CNY payments, according to China News’ report. According to the staff of the center, the blockchain platform provides services for the purchase and sale of art between art institutions. Institutional traders will be able to tokenize physical artworks as NFTs […]
Ningwei Qin
Regulation
Chinese social media has been abuzz since authorities lowered the boom on crypto. Forkast.News has been following the chatter. Here’s what they’re saying on Weibo, the Chinese equivalent of Twitter.
Ningwei Qin
Regulation
The Xi’an taxi industry and the Bank of Xi’an launched an e-CNY pilot program to accept e-CNY as fare, becoming the first city in China to accept digital renminbi as a taxi fare, a local newspaper reported. Fast facts Ten cabs selected as pilot vehicles have QR codes posted, and passengers can scan the QR […]
Ningwei Qin
Advanced Blockchain Technologies
Huzhou City in Zhejiang, a province in eastern China, announced the launch of a blockchain to track and record carbon emissions records. Fast facts The blockchain was built by Beijing Zhongdian Puhua Information Technology Co., Ltd., a subsidiary of State Grid. The data will be provided to third-party carbon accounting agencies, governments, and individuals for […]
Ningwei Qin
Regulation
The United Arab Emirates Securities and Commodities Authority (SCA) and Dubai World Trade Centre Authority (DWTCA) have signed an agreement to support crypto-assets trading and related financial activities in the DWTCA free zone. Fast facts The agreement allows the DWTCA to issue approvals and licenses for financial activities related to crypto assets and the SCA […]
Ningwei Qin
Bitcoin News
The amount of electronic waste generated by the Bitcoin network is comparable to the amount of discarded electronic equipment in a small country like the Netherlands, a study published by the academic journal Resource, Conservation and Recycling states. Fast facts According to the paper, a Bitcoin mining machine can lose 35% of its profit potential […]
Ningwei Qin
Regulation
Four Chinese cities announced they will compete for inclusion in the next batch of digital renminbi pilot projects. They are Guangzhou, Tianjin, Yiwu and Fuzhou. Fast facts Guangzhou and Tianjin have written their goals into their city’s “14th Five-Year Financial Industry Reform Plan,” and Yiwu’s plan has been reported to the State Council. Guangzhou is […]
Ningwei Qin
Economic Impacts
African countries collectively received US$105.6 billion worth of cryptocurrency between July 2020 and June 2021, a year-on-year increase by more than 12 times, blockchain data platform Chainalysis said in a report. Fast facts The adoption rate of cryptocurrency in Africa at the grassroots level is the highest in the world. And retail transactions in Africa […]
Ningwei Qin
Metaverse Platforms
China’s largest brokerage firm, CITIC Securities, said in a research report the metaverse will enter an exploration stage in the next three to five years and could become a way of life in 20 years. Fast facts The report said the development of the metaverse can be divided into three stages. The first stage will be completed […]
Ningwei Qin
Opinion Pieces
A sister paper of the People’s Daily, Securities Times, published an opinion piece to criticize non-fungible tokens (NFTs) as hype and suggested the digital assets should serve the real economy by tokenizing actual assets. Fast facts The article offers as an example Justin Sun’s NFT purchase of a digital avatar for US$10.5 million and the […]
Ningwei Qin
