Contributor
Tom Zuo is part of the Forkast.News editorial team.
Advanced Blockchain Technologies
Hong Kong's local government on Friday set up the Task Force on Promoting Web3 Development to promote the benefits of blockchain to real-world industries.
Tom Zuo
Regulation
A U.K. bill to recognize cryptocurrency trading as a regulated financial activity passed into law on Thursday.
Tom Zuo
Metaverse Platforms
China Mobile, a leading telecommunication company of China, launched a metaverse alliance on Wednesday, whose members include Huawei, Xiaomi and Unity China.
Tom Zuo
Economic Impacts
Shanghai on Wednesday released a three-year plan to build its culture and tourism metaverse.
Tom Zuo
Bitcoin News
The Shanghai Clearing House started digital yuan clearing and settlement services for trading in commodities on Monday.
Tom Zuo
Bitcoin News
Bitcoin surged over 5% on Wednesday morning in Asia to breach the US$28,000 resistance level, leading a rally of the top 10 non-stablecoin tokens except XRP.
Tom Zuo
Bitcoin News
Bitcoin rose on Tuesday morning in Asia to hold above support at US$26,000. Ether also logged gains along with most other top 10 non-stablecoin tokens.
Tom Zuo
Bitcoin News
Bitcoin dipped on Monday morning in Asia after reclaiming US$26,000 support over the weekend. Ether also fell back but held above US$1,700.
Tom Zuo
Regulation
HKMA is urging lenders including HSBC, Standard Chartered and Bank of China to service crypto exchanges. Financial Times reported on Thursday.
Tom Zuo
Economic Impacts
The final story in a three-part series on Asia metaverse developments looks at China’s national strategy, which has seen dozens of cities and provinces release spending plans and training schemes to adopt this digital world in real-world industries. China’s initiatives, however, face challenges from regulation and global competition.
Tom Zuo
