Regulation
Digital yuan scams emerge across China as central bank readies e-CNY
Inner Mongolia police bust yet another digital yuan money laundering case.
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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Regulation
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.
Timmy Shen
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Bitcoin News
Chinese mining rig maker Canaan boosts self-mining business in Kazakhstan
Chinese cryptocurrency mining rig maker Canaan doesn’t seem to shy away from running its own mining business in Kazakhstan despite a power shortage situation in the Central Asian nation, which has become a popular destination for Chinese miners amid China’s clampdown on the sector. Fast facts Canaan announced today it has started joint mining operations […]
Timmy Shen
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Regulation
More Chinese crypto news services appear to become unavailable
A few more Chinese cryptocurrency news sites are currently unavailable amid the country’s ongoing clampdown on the sector. Fast facts The website of ChainNews, one of China’s largest crypto news websites, was not available as of press time on Thursday. It tweeted on Nov. 15 that the site will be down for eight to 10 […]
Timmy Shen
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Bitcoin News
Bit Digital completes mining rig migration from China to US
Bit Digital, a Nasdaq-listed Bitcoin mining company headquartered in New York that had significant operations in China, said in its latest Q3 update that the exit of its mining fleet from China is now complete, with all of its miners having arrived in North America. Fast facts Bit Digital said it started the migration back in […]
Timmy Shen
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Bitcoin News
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.
Timmy Shen
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Regulation
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.
Timmy Shen
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Regulatory News
GBBC maps out global industry standards to analyze digital asset landscape
Global Blockchain Business Council (GBBC), an industry association, has released its Global Standards Mapping Initiative 2.0 to provide a holistic view of the industry’s global activity. Fast facts The initiative maps out the global digital asset landscape in terms of legislation, technical standards, industry standards and recommendations, university sources, as well as industry consortia. Specifically, […]
Timmy Shen
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Regulation
China pledges to raid state-owned entities for crypto mining activities
China has yet again reiterated its determination to crack down on the cryptocurrency mining sector and revealed today that authorities will focus on state-owned entities engaging in virtual currency mining. Fast facts Wei Meng, a spokesperson of the National Development and Reform Commission (NDRC), the country’s top economic planner, said at a press briefing today […]
Timmy Shen
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Regulation
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.
Timmy Shen
