Regulation
TikTok bans crypto promotions amid concerns over targeting of young users
Ban on branded content covers range of financial services and ‘get-rich-quick’ schemes boosted by influencers with young followings.
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
Secret Ukraine crypto farm shut down amid suspected power theft
Cryptocurrency miners blamed for blackouts as government eyes excess electricity for mooted state crypto mining operation.
Timmy Shen
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NFTs and Art
Hong Kong manga finds virtual home on blockchain as authorities silence publishers
NFTs offer haven as authors self-censor amid intensifying crackdown on free expression.
Timmy Shen
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Regulation
Stablecoins could pose risks to global financial system, Chinese central bank official says
Warning comes as Beijing ramps up efforts to internationalize China's currency through launch of digital yuan.
Timmy Shen
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Regulation
Iran crypto mining remains suspended amid blackouts
Iran has continued a suspension of cryptocurrency mining, with Vice President Eshaq Jahangiri urging all licensed miners to stop operating as the country continues to suffer power outages, according to a report by U.Today that cited a Farsi-language tweet by the Tasnim News Agency. Fast facts Jahangiri said the ongoing electricity supply problems could last […]
Timmy Shen
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Regulation
Chinese firm shut down by central bank for trading cryptocurrencies
China’s central bank has reiterated its ban on cryptocurrency trading and yesterday said it had ordered a company in Beijing suspected of offering software services for crypto trading to shut down as part of an ongoing nationwide crackdown on the crypto industry. Fast facts A Beijing office of the People’s Bank of China and a […]
Timmy Shen
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Regulation
Taiwan to introduce new AML rules for crypto exchanges on July 1
Taiwan is set to enact new anti-money laundering rules that take effect July 1 to further boost AML requirements for crypto exchanges.
Timmy Shen
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Bitcoin News
Mining rig maker Bitmain inks purchase deal with TeraWulf
Bitmain has signed a deal to sell 30,000 of its Antminer machines to TeraWulf, a U.S. crypto miner that claims to use mostly clean energy.
Timmy Shen
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Bitcoin News
Kazakhstan’s Bitcoin gold rush gathers pace as Chinese miners keep piling in
As China shuts down crypto mining over environmental concerns, miners are moving next door to Kazakhstan, one of the most coal-rich countries in the world.
Timmy Shen
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Regulation
Mining rig maker Bitmain halts sales amid flood of second-hand machines
Chinese crypto mining rig maker Bitmain has decided to suspend global spot sales of its Antminer machines, as some of its clients are reselling their rigs.
Timmy Shen
