Search results: China

The metaverse is envisioned as the next iteration of the internet, introducing an immersive digital universe. Find out what this means for the future of our online lives — beyond all the marketing hype — in this Forkast.News explainer.

Kakao Piccoma, the group’s Japanese digital-comics subsidiary, acquired a major stake in Sakura Exchange BitCoin (SEBC) as part of its global expansion. See related article: Kakao Games rebrands subsidiary to focus on crypto, blockchain, Web 3.0 Fast facts Kakao Piccoma bought out SEBC Holdings’ stake for an undisclosed amount and said it will incorporate crypto […]

Our virtual and in-person events bring people together to join conversations that matter. Previous Events Crypto Rising CBDCS & Stablecoins: The Asia Perspective We are in a history defining moment where money is evolving. It’s not easy to replicate cash, and central bankers around the world face unique challenges. The U.S. is softening up to […]

Pioneers take arrows. No one knows it better than Binance. The world’s biggest cryptocurrency exchange by volume wants to set the industry standard when it comes to compliance and security as past missteps hold it in good stead.

As the world’s biggest cryptocurrency exchange battles the onslaught of regulators globally, cofounder Yi He is stepping out of the shadows to help steer the company.

WeChat has blocked more than a dozen accounts belonging to non-fungible token (NFT) marketplaces from its social media platform, citing prevention of “crypto speculation.” See related article: China state-backed paper’s NFTs surge in price on second-hand market Fast facts When visited, the banned accounts of the NFT marketplaces displayed a message from WeChat: “No legal […]

Top blockchain and cryptocurrency news: Dubai’s crypto caravan. Mt. Gox unlocked. Digital yuan in play again.

The Hong Kong Exchange (HKEX) Tuesday revealed plans to launch “Diamond,” a trading platform to pilot digital assets in 2022.  See related article: China’s e-CNY pilot to boost Hong Kong as offshore yuan trading center Fast facts See related article: Hong Kong to propose bill to license crypto exchanges

DLT projects are defined by their network effects, writes Donald Thibeau of HBAR Foundation. Here’s why open networks and community are critical for success.

Binance is racing to anchor its sprawling global operations as regulators in China, where it was founded in 2017, go after firms for lax know-your-customer practices.

Xiamen has revealed its three-year action plan to nurture its cluster of metaverse firms involved in non-fungible tokens (NFTs), VR/AR, chips and related hardware with over 100 million yuan (US$15 million) in revenue, according to the local government’s working plan. See related article: ‘Metaverse’ enters government radar at China’s Two Sessions Fast facts See related […]

Despite criticisms of play-to-earn games, blockchain innovations are here to stay and represent gaming’s future, writes William Wu of Catheon Gaming.

Ukraine launches its NFT Museum of War. Meanwhile, Bitcoin passes $47,000 mark.

A Hangzhou-based data firm has confirmed that it is working on the application of the digital yuan and the metaverse in the upcoming 2022 Asian Games.  See related article: China’s digital yuan app now publicly accessible, one step closer to launch Fast facts See related article: 2022 Asian Games in Hangzhou to sell torch NFTs […]

Russia considers a bitcoin for oil proposal. Meanwhile, crypto markets make gains after weeks of volatility.

Volatility has been the name of the game in the past few months, but experts tell Forkast that may be coming to an end.

Russia State Duma deputy and Energy Committee chairman Pavel Zavalny proposed Bitcoin and national currencies as payment options for energy exports to “friendly countries,” such as Turkey and China, at a press conference on Thursday. See related article: EU says crypto included in sanctions against Russia and Belarus Fast facts Zavalny proposed gold and Russia’s […]

Chinese telecommunications equipment maker ZTE has successfully registered a number of metaverse-related English trademarks. See related article: ‘Metaverse’ enters government radar at China’s Two Sessions Fast facts ZTE’s trademarks fall under the scientific equipment and communication services categories, setting the stage for the firm to provide related services in the metaverse. The partially state-owned Chinese […]

Malaysia’s Fusang defers their IPO. Meanwhile, Blockchain Week Australia looks into intellectual property rights.

Top blockchain and crypto news: Bitcoin buzz in Malaysia. Yuga Labs teases Otherside. Blockchain verdict in China.

While blockchains and NFTs can theoretically eliminate plagiarism and fraud, there is as yet no clear distinction between NFTs that have been inspired by the designs of others and those that are simply copycats. Nike, for instance, has filed a lawsuit against StockX for selling NFT images of its shoes, while Hermès has sued an […]

As NFT adoption grows, massive amounts of capital are pouring into the industry.  January 2022 saw the close of investment rounds in several high-profile companies, including NFT marketplace OpenSea, which raised US$300 million in Series C funding from investors led by Paradigm and Coatue. The new investment valued OpenSea at US$13.3 billion. Hong Kong-based Animoca Brands, […]

Asia looks set to become the next big market for NFTs, with some experts predicting the region may surpass the West as early as this year. Global Google search interest for the term “NFT” surged past “crypto” in January, with the search engine’s data showing growth originating in the East. Data from Taiwan, Japan and […]

The rapid rise of NFTs has sparked concerns about speculative bubbles as well as the negative impact on the environment. As discussed earlier, China permits trading in NFTs so long as there is a holding period after each purchase. The country’s state media have also warned against speculative behavior surrounding NFTs.  In places such as […]

MaiCoin, Taiwan’s largest cryptocurrency exchange, is considering a Nasdaq listing within two years, Bloomberg reported on Friday. See related article: Taiwan has a chance to develop crypto amid China’s clampdown, Filecoin Foundation director says Fast facts MaiCoin is also completing its Series C funding round which would value the company at US$400 million. MaiCoin expects […]

The People’s Bank of China and four state departments confirmed their support for bidding regions in the southeastern province Zhejiang to carry out the next batch of digital yuan pilots. See related article: PBOC branch chief seeks clarity on digital yuan as legal tender Fast facts See related article: Hong Kong makes apt testbed for […]

Weibo, a social media platform known as the Chinese equivalent of Twitter with 249 million daily active users, launched its non-fungible token (NFT) marketplace TopHolder on Thursday, allowing users to mint their original posts into NFTs and sell them. See related article: Zuckerberg confirms NFTs coming to Instagram Fast facts Users will need to pass […]

Ukrainian President signs a digital assets bill into law. Meanwhile in China, Cannan plans to buy back shares.

Chinese crypto mining rig maker Canaan announced Wednesday its plans to buy back up to US$100 million worth of shares over the next two years. See related article: Chinese mining rig maker Canaan secures purchase order from Genesis for 30K units Fast facts The Nasdaq-listed company’s latest move comes after it completed its previous US$20 […]

HSBC, a leading global banking and financial services provider, announced a partnership with blockchain gaming platform The Sandbox, in a statement released on Wednesday, to build its presence in the Hong Kong-based firm’s metaverse. See related article: Who are the biggest players in the metaverse today? Fast facts HSBC will develop a plot of LAND, […]

Top blockchain and crypto news: PoW spared as Europe revamps MiCA rules. Yuga Labs acquires CryptoPunks rights. China’s Mango TV makes NFT debut.

Former Kazakhstan president Nursultan Nazarbayev’s brother Bolat Nazarbayev was among 106 illegal cryptocurrency miners to halt operations in the government’s latest round of inspections, the Financial Monitoring Agency announced on Tuesday. See related article: Kazakhstan busts 13 illegal Bitcoin mining farms amid power concerns Fast facts See related article: Crypto mining’s Great Migration continues — […]

Amid Russia’s invasion of Ukraine, two divergent narratives about crypto are being told, writes Alex Tapscott. Which version is correct?

China’s Blockchain-based Service Network (BSN) has announced a partnership with U.K. tech firm INDUSTRIA, as the state-backed blockchain infrastructure looks to make a foray into the European market. See related article: BSN to integrate CasperLabs’ chain to support NFT issuance in China Fast facts The partnership marks BSN’s first attempt to enter the U.K. and […]

Crypto exchange Binance has won a license to operate in Bahrain. Meanwhile in Southeast Asia, Singapore’s Monetary Authority has designated Russian banks amid growing sanctions.

MangoTV, a Chinese video streaming platform with 50.4 million subscribers, launched its non-fungible token (NFT) marketplace on Monday, as its first batch of collectibles sold out within seconds since opening.   See related article: China plans crackdown on illegal fundraising in metaverse, NFTs Fast facts MangoTV is owned by the state-backed Hunan Broadcasting System and is the […]

While crypto used to be associated with a ‘bro’ culture, it is now maturing into a hotbed for inclusivity, writes Cynthia Wu of Matrixport.

The Lion City has been the place to be for crypto firms, but retail activity is slowing down while the central bank continues to build a haven for institutional investors.

Blockchain data analysis platform Chainalysis has launched a set of free sanction screening tools. Meanwhile, lawmakers in the US take aim at China’s digital yuan, or e-CNY, while Russian sanctions begin to highlight issues with financial sovereignty as hundreds of thousands of Russian and Ukrainian civilians are caught in the financial crossfire.

Cryptocurrency is being used both to fund Ukraine’s defense and prevent Russia’s ability to skirt sanctions in what may become a pivotal moment for the industry.

War-mongering Russia is finding itself increasingly isolated. Can cryptocurrency help the rogue state soften the blow of sanctions?

An anonymous company based in Hangzhou told state media that it has signed deals with major commercial banks to facilitate the digital yuan, hinting China’s southeastern city could be a winning bidder for an upcoming batch of digital yuan pilot programs.  See related article: PBOC branch chief seeks clarity on digital yuan as legal tender […]

The European Union (EU) said on Wednesday that crypto assets fall under the scope of “transferable securities” in its sanctions imposed on Russia and Belarus. See related article: Russian banks turn to China’s UnionPay as Visa, Mastercard pull plug Fast facts The EU is extending its sanctions to Belarus for its involvement in Russia’s invasion […]

President Joe Biden on Wednesday urged the federal government to research and develop a digital dollar in an executive order describing broader directives for a coordinated and comprehensive U.S. approach to digital assets. See related article: CBDC tracker shows U.S. falling further behind Fast facts “My Administration places the highest urgency on research and development […]

Top blockchain and crypto news: Moscow faces crypto winter. DeFi doyen quits Fantom. China mulls metaverse moves.

US crypto exchange Coinbase has blacklisted 25,000 Russian wallet address in response to the ongoing Russian-Ukraine conflict. Meanwhile in Asia, English-language newspaper South China Morning Post announces the launch of its metaverse experience.

The South China Morning Post (SCMP) has announced the launch of Hong Kong’s landmark Star Ferry Pier in The Sandbox metaverse, where visitors can experience historic moments through in-game quests. See related article: Covid shuts cinema but Hong Kong gets backup from the metaverse Fast facts The Star Ferry Pier in The Sandbox presents Hong […]

Stranded away from home, Web 3.0 company Everstake founder Sergey Vasylchuck realized he could still help his war-torn homeland Ukraine by raising funds through a DAO.

People’s Bank of China (PBOC) Nanjing branch president Guo Xinming proposed amendments to the administrative law to clarify the digital yuan’s status as legal tender at China’s annual plenary session on Saturday.   See related article: Digital yuan scams emerge across China as central bank readies e-CNY Fast facts See related article: Zhejiang urges its cities […]

Bitcoin and other cryptos are being used on both sides of the fight, raising ethical issues that cut to the core of decentralization, says AAX’s Ben Caselin

Chinese tech giant Tencent is applying for a virtual concerts patent, as conglomerates race for the first-mover advantage in the metaverse industry, business tracker Qichacha’s data shows. See related article: 16,000 metaverse trademark applications filed, unlikely to pass in China Fast facts The Shenzhen-based social and gaming giant’s patent application involves a computing approach and […]

The number of unique non-fungible token (NFT) buyers in February dropped to 843,000, in what data aggregator CryptoSlam calls a “mini-bear market.” See related article: Wash trading in NFT marketplace LooksRare can inflate prices: analysts Fast facts February’s NFT market had a 7% month-over-month drop in buyers from the all-time high set in January. February […]

Top blockchain and crypto news: Digital currency battling Russian invasion. Ethereum remains NFT projects’ chain of choice. China to lock up crypto traders.

The ransomware outfit behind Nvidia’s data breach last week is looking to sell what it claims to be a driver that unlocks Ethereum mining limitations on the chipmaker’s graphic cards. See related article: China customs seizes 49 second-hand crypto mining rigs for export Fast facts The hacker group Lapsus$ allegedly stole 1TB of data from […]

The multi-faceted metaverse provides new channels for gaming, socialization, art exhibitions and more. Who’s leading the race and how?

Measures to detect sanctioned entities’ crypto transactions can come into play, experts say.

More people in the region are in thrall to play-to-earn gaming as it adapts to offer real-world uses, says Infinity Ventures Crypto founding partner Brian Lu.

The crypto market tanks after Russian President Vladimir Putin announces a military operation in Ukraine. Meanwhile, Japan’s biggest financial group closes it’s blockchain payment venture.

A new electricity rate hike for crypto miners in China’s southeastern province Zhejiang is a penalty, not a green light, province capital Hangzhou authorities said, the China Times reported on Wednesday.  See related article: China’s Zhejiang province busts dozens of state-owned entities for mining crypto Fast facts Zhejiang Province announced this month that it would […]

Moscow moves to regulate crypto. OpenSea’s security struggle. Will China cool its metaverse mania?

Heilongjiang province in northeastern China has joined the bid to compete with 10 other cities to become the next digital yuan pilot city, it announced on Monday.  See related article: E-CNY chief says digital dollar poses no threat to China Fast facts See related article: Hong Kong makes apt testbed for e-CNY cross-border use

Alibaba is rewarding non-fungible tokens (NFTs) on its first blockchain game Ant Adventure, which can be played through the Alipay mobile application, one of China’s leading mobile payment providers.  See related article: Ant Group’s NFT arm punishes users for digital collectible resales Fast facts Ant Adventure is powered by Alibaba’s blockchain AntChain, and takes users […]

Hedera’s HBAR is leading a crypto market bounce with a 14% surge over the last 24 hours to trade at US$0.2306 on the back of the HederaStarter launch announcement as the ecosystem preps for its smart contract era.  See related article: Hedera Hashgraph provides provenance for data from Syrian war Fast facts HederaStarter is slated […]

Jingtan, Alibaba affiliate Ant Group’s non-fungible token (NFT) platform, has placed limitations on at least 56 accounts for participating in the resale of digital collectibles, after various collections surged in popularity in online second-hand markets.  See related article: CCTV NFTs hit resale market before transfer permitted Fast facts Jingtan, developed by AntChain, said it has […]

Amber Group has secured US$200 million in a funding round led by Singapore’s sovereign wealth fund Temasek, raising the cryptocurrency platform’s valuation to US$3 billion.  See related story: Temasek-founded Affinidi launches new business unit to bring Web 3.0 to financial services to Southeast Asia Fast facts Existing investors including Sequoia China, Pantera Capital, Tiger Global […]

Kazakhstan’s energy authority has identified and disconnected 13 unauthorized crypto mining farms in the country, as the government continues to ramp up efforts to regulate the sector. See related article: Crypto mining’s Great Migration continues — out of Kazakhstan Fast facts The Ministry of Energy said on Monday that an inspection team has shut down […]

Non-fungible tokens (NFTs), or digital collectibles, issued by China Central Television (CCTV), the nation’s largest state-owned broadcast media, are appearing in China’s largest online second-hand market for at least 10 times the original price in a pre-sale bid, even before trade embargoes on the assets have lifted.  See related article: China’s mouthpiece newspaper is giving […]

As businesses wake up to the potential of the metaverse, we ask The Sandbox’s Sebastien Borget whether its creator-driven promise will persevere.

Animoca Brand’s nWayPlay sold out second batch of Bing Dwen Dwen mascot NFTs on Thursday as prices of first set fetched 900% in average resale value.

Hong Kong’s first metaverse-themed exchange-traded fund (ETF), the CSOP Metaverse Concept ETF, is scheduled to be listed on Feb. 21 on the Stock Exchange of Hong Kong, according to a CSOP Asset Management disclosure document.  See related article: NFTs, metaverse listed as top ‘must watch’ security risks in Hong Kong Fast facts The metaverse ETF […]

The city’s global reach, Hong Kong dollar and mainland ties make it a good fit for Chinese authorities to trial e-CNY international payments.

The price of NEO climbed by 6.2% over the last 24 hours to US$25.13 on Thursday morning Asia time, following China-based Neo’s Tuesday announcement of its Jiuquan Chain’s integration to China’s state-backed blockchain network. See related article: BSN to integrate Neo’s chain to bolster NFT issuance in China Fast facts NEO hit a daily high […]