Contributor
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.
Advanced Blockchain Technologies
China’s state-backed Blockchain-based Service Network (BSN) announced the addition of Neo’s Jiuquan Chain to its open permissioned blockchain ecosystem to support the legal issuance of non-fungible tokens (NFTs) in the mainland. Fast facts Jiuquan Chain, powered by China-based Neo, will run as one of the 10 BSN open permissioned blockchains, as part of the BSN […]
Timmy Shen
Blockchain Security
A Hong Kong government-run internet security watchdog has listed risks associated with non-fungible tokens (NFTs) and the metaverse as a top “must watch” security threat this year, while both trends continue to thrive in the city. Fast facts The Hong Kong Computer Emergency Response Team Coordination Centre said in a statement last week that criminals […]
Timmy Shen
Bitcoin News
Bitcoin’s hashrate reached an all-time high over the weekend, despite many miners being forced to move operations out of Kazakhstan. Fast facts The total Bitcoin hashrate surged by 31.7% to an all-time high of 248.11 exahashes per second in raw values on Saturday, according to data from Blockchain.com. The latest hashrate read at 209.63 EH/s […]
Timmy Shen
NFTs and Art
Phillips, a global auction house, launched a nine-day non-fungible token (NFT) auction on Monday, Valentine’s Day, in Hong Kong. Fast facts Six artworks are being auctioned as NFTs. One NFT for bidding is an auction data-generated NFT “Drowning in Love” made by MonoC, a virtual artist developed by Gusto Collective. MonoC is a virtual metahuman […]
Timmy Shen
Altcoins
Binance, the world’s largest cryptocurrency exchange, plans to take a US$200 million stake in Forbes through a private placement, making it one of the two largest shareholders of the 104-year-old business magazine. Fast facts The investment comes as Forbes seeks to go public on the New York Stock Exchange via a deal with a special […]
Timmy Shen
Bitcoin News
Upcoming digital yuan trial to piggyback on Hong Kong’s popular Faster Payment System for smoother cross-border transactions.
Timmy Shen
Regulation
Russia’s central government agencies reached an agreement to regulate cryptocurrencies by mandating licenses for exchanges and taxing large transactions on Tuesday, shelving concerns of a blanket ban proposed by the central bank last month. Fast facts Russian business newspaper Kommersant reported the government and the Bank of Russia are preparing a draft law by Feb. […]
Timmy Shen
Bitcoin News
The U.S. Department of Justice (DOJ) has seized over US$3.6 billion worth of Bitcoin linked to crypto exchange Bitfinex’s hack that occurred in 2016, as the country ramps up efforts to combat crypto crime. Fast facts The DOJ said Tuesday in a statement that it has arrested two individuals for allegedly laundering proceeds of 119,754 […]
Timmy Shen
Crypto Trading and Strategies
Singapore-based cryptocurrency exchange Bybit has teamed up with Cabital, a Hong Kong-based crypto wealth management platform, to offer users more fiat on-ramp pathways to buy crypto. Fast facts Bybit said Tuesday in a statement that through the partnership, its users can use EUR and GBP to buy crypto on the Bybit platform and transfer crypto […]
Timmy Shen
Upcoming NFT Projects
Binance, the world’s largest crypto exchange, has partnered with YG Entertainment, a top K-pop entertainment agency, to develop non-fungible tokens (NFTs), metaverse and gaming projects, despite fans’ concerns over the potential environmental impact. Fast facts Binance announced Tuesday that it will provide the NFT platform and technology support, while YG will supply the content. Helen […]
Timmy Shen
