Bitcoin News
Canaan sees strongest ever quarterly sales results
Leading Chinese crypto mining hardware manufacturer attributes robust revenue to ‘substantial increase in total computing power sold.'
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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Advanced Blockchain Technologies
China’s blockchain infrastructure project goes live in Hong Kong, Macau
Blockchain-based Service Network (BSN) soft launch is the first attempt to roll out the state-backed ‘internet for blockchain’ outside of the Chinese mainland.
Timmy Shen
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Upcoming NFT Projects
2022 Asian Games in Hangzhou to sell torch NFTs supported by Alipay
Despite widespread criticism of non-fungible tokens (NFTs) that has emerged in Chinese state-owned media, the 2022 Asian Games has announced the sale of its first NFT collection. Fast facts Organizers of the games, set to take place in September 2022 in Hangzhou, the capital city of the eastern province of Zhejiang, announced in a social […]
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Regulation
China’s e-CNY soft rollout continues, while Moody’s frowns at use of CBDCs in cross-border payments
A tourist spot in South China’s Hainan province to hand out digital yuan, while Shenzhen tests adoption for Hong Kong residents.
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Regulation
China’s Hebei and Gansu provinces to phase out crypto mining
More provinces in China are putting new limits on the cryptocurrency mining sector, as the country works toward its carbon neutrality goals and concerns over cryptocurrency trading loom. Fast facts Authorities in North China’s Hebei province today issued a notice to crack down on cryptocurrency mining and trading activities, saying that crypto mining consumes huge […]
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NFT Marketplaces
China-run media outlet criticizes NFT platform as a payment risk
In the latest response to a growing interest in non-fungible tokens, Beijing Business Today faults an art marketplace.
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Regulation
China’s central bank reports progress, challenges on e-CNY adoption
PBOC still working out regulatory rules, acceptance environments and payment systems.
Timmy Shen
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Regulation
Iran closes down more unauthorized crypto mining farms: reports
Iran, which imposed a temporary ban on Bitcoin mining a few months ago, continues to crack down on illegal crypto mining operations, closing down thousands of unauthorized mining facilities, according to local media reports. Fast facts The Iran Power Generation, Distribution and Transmission Company, also known as Tavanir, told the state-run ISNA that it had […]
Timmy Shen
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Upcoming NFT Projects
Alibaba’s Tmall sells out mooncake NFTs
Chinese e-commerce giant Alibaba is sparing no efforts in riding the non-fungible token (NFT) wave, with its online retailer Tmall selling out a new collection of NFTs featuring mooncakes — a signature snack made to celebrate the Mid-Autumn Festival that falls on Sept. 21 this year. Fast facts Tmall has issued “mooncake NFTs” built with […]
Timmy Shen
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Bitcoin News
Crypto mining rig giant Bitmain to supply 56K miners to U.S. partners
China-based Bitmain, one of the world’s biggest producers of cryptocurrency mining rigs, has sealed a deal with its United States partners — ISW Holdings and Bit5ive — to expand its operation in America. Fast facts ISW Holdings, a Nevada-based portfolio company with extensive crypto mining operations, will host 56,000 Bitmain mining rigs and pair them […]
Timmy Shen
