Metaverse Platforms
China’s Suzhou city joins other regions in the country seeking to be metaverse hub
Suzhou has laid out plans to attract at least 200 companies in working with VR technology by 2025.
Tom Zuo
Contributor
Tom Zuo
Tom Zuo is part of the Forkast.News editorial team.
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Altcoins
Digital yuan sales during Lunar New Year up from last year, online retailers say
Digital yuan sales at online retail platforms in China have surged during the Lunar New Year holidays fueled by local governments' red packet coupons.
Tom Zuo
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Altcoins
China’s digital yuan used in securities trade for the first time
See related article: China digital currency transaction volume soars to nearly US$14B Soochow Securities, a Chinese securities firm, enabled e-CNY payments on its mobile application on Monday, marking the first use case of the central bank digital currency in securities market trade, according to state-backed finance outlet China Securities Journal. Fast facts See related article: […]
Tom Zuo
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Regulatory News
Shanghai Two Sessions: metaverse development requires stronger supervision
Shanghai Two Sessions' delegate urges stronger supervision in the metaverse industry, as metaverse fever continues.
Tom Zuo
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Regulation
Crypto P2E game investments not protected by law, China court says
A Shanghai court ruled that investments in cryptocurrency-powered play-to-earn (P2E) games are not protected by law in China.
Tom Zuo
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Regulation
Crypto, digital assets account for 69% of online investment scams in Hong Kong
The Hong Kong Police received 1,503 online investment scam complaints over the first 10 months of 2022, 70% were related to cryptocurrencies.
Tom Zuo
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Regulation
China moves to ban internet marketing services for crypto
The Chinese government published a draft regulation on Dec. 31 stating that no organization or individual is allowed to provide internet marketing for illegal financial activities, which include cryptocurrency transactions. Fast facts The regulation, drafted by the People’s Bank of China — China’s central bank — and other Chinese government institutions stipulates that any organization or […]
Tom Zuo
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Crypto Trading and Strategies
Top 8 crypto custody providers listed by Blockdata
Blockchain data company Blockdata has published a list of eight top crypto custody providers. The eight companies, selected based on their total funding and assets under custody (AUC), are Coinbase Custody, Bitgo, Fireblocks, Gemini Custody, Ledger Enterprise Solutions, Cactus Custody, NYDIG and Bitcoin Suisse. Fast facts A total of over US$253 billion worth of assets […]
Tom Zuo
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Bitcoin News
Bitcoin, crypto market downward trend continues
Bitcoin continued its downtrend today to reach a low of $55,861, its lowest price this month. The world’s first cryptocurrency has dropped by 18.6% since reaching a fresh all-time high of over US$69,000 last week. Bitcoin’s price low comes amid struggles in the overall crypto market, which has lost over US$400 billion from its total […]
Tom Zuo
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Regulation
Brazil seeks to make Bitcoin a legal ‘payment currency’
Brazil’s legislators are expected to discuss in the next few days a bill that seeks to establish a regulatory framework for cryptocurrencies, which may be a major step toward making Bitcoin a legal “payment currency” in the country if approved by the congress. Fast facts Bill 2.303/15, proposed by Federal Deputy Aureo Ribeiro, aims to […]
Tom Zuo
