Regulation
Hong Kong’s e-HKD pilot puts the world on notice
Rollout of the central bank digital currency in Hong Kong is a potential game-changer and a move that others may soon look to follow.
Timmy Shen
Contributor
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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Bitcoin News
Bitcoin mining difficulty rises to a new all-time high
Bitcoin’s mining difficulty level rose 3.22% on Thursday, hitting an all-time high, as the network’s hashrate also increased to a record high.
Timmy Shen
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Regulation
XRP lawsuit: Judge denies SEC motion to seal documents in win for Ripple
A U.S. federal judge has denied a motion by the SEC to seal internal documents related to a speech given by the SEC’s former director on whether cryptocurrencies are securities.
Timmy Shen
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Regulation
SEC in no rush to respond to Coinbase calls for regulatory clarity
As part of the ongoing legal dispute between the two, the U.S. Securities and Exchange Commission said it would not be hurried into a response to Coinbase demands.
Timmy Shen
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Regulation
Binance exits Canada amid increased regulation in North America
Regulatory hurdles have once again hit Binance in North America, with the world’s largest cryptocurrency exchange announcing on Friday that it would cease operations in Canada due to tightened crypto rules.
Timmy Shen
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Regulation
Binance.US may reduce founder Changpeng Zhao’s ownership stake: The Information
Binance.US is reportedly exploring ways to cut founder Changpeng Zhao’s ownership stake in the company, The Information reported on Thursday, citing two sources familiar with the matter.
Timmy Shen
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Bitcoin News
Tether more than doubles net profit in Q1, says holds most assets in U.S. Treasury bills
The issuer of the world’s most traded stablecoin raked in US$1.48 billion in net profit for the first quarter of this year, more than double the previous quarter, according to the company’s reserves report on Wednesday.
Timmy Shen
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Altcoins
Litecoin transactions jump amid Bitcoin blockchain congestion, higher fees
Daily transactions on the Litecoin blockchain hit all-time highs over the past two days amid the Bitcoin network’s congestion and higher transaction fees, Glassnode data showed.
Timmy Shen
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NFTs and Art
Hong Kong NFT firm Artifact Labs raises US$3.25 mln in seed round
The startup, originally incubated by the South China Morning Post, has closed a financing round led by Blue Pool Capital and Animoca Ventures.
Timmy Shen
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Bitcoin News
Binance resumes Bitcoin withdrawals after halting transactions twice in 12 hours
Binance resumed withdrawals of Bitcoin around Monday noon in Hong Kong after temporarily halting the service twice within 12 hours due to what the world’s largest cryptocurrency exchange said was a “large volume of pending transactions.”
Timmy Shen
