Search results: China

The need for custody Who holds the keys? Who looks after the digital assets? The person with control has custody. For an exchange, that custodian should be a third party for better risk management, more robust security and improved accountability. There is no shortage of examples of the inherent problems that can arise when exchange […]

What is blockchain and how can it help smaller companies? A special panel sponsored by Blockchain-based Service Network explores the use cases.

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.

Hong Kong’s financial secretary has reiterated the city’s determination to develop digital versions of the Hong Kong dollar and the mainland Chinese yuan.

Bitcoin was recovered by the FBI from the Colonial Pipeline ransomware cyber criminals DarkSide, sparking privacy concerns around cryptocurrencies.

A major Ethereum upgrade via London hard fork — which experts call a ‘seismic shift’ for the industry — is coming soon. Are ‘Ethereum killers’ doomed?

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.

Chainalysis, the blockchain and cryptocurrency data analytics firm, announced today that it has raised US$100 million in a Series E funding round with a US$4.2 billion valuation. Fast facts: Headquartered in New York, Chainalysis provides blockchain-based software that enables governments and businesses to detect and prevent cryptocurrency crime and money laundering. Chainalysis’ series E round […]

South Korea’s Blue House responds to a national petition calling for the financial watchdog head’s resignation.

The Bank of Israel is testing its central bank digital currency, the digital Shekel, in a private permissioned ecosystem using Ethereum.

Nearly one in three novice traders reported making no traditional investments outside crypto over the past year, according to a survey published today by Overbit, a Singapore-based cryptocurrency exchange. In contrast, 85.3% of professional traders reported diversifying their investment portfolios to stock, real estate or other traditional assets. Fast facts: The survey of 3,000 traders […]

Chinese mining rig maker Bitmain is offering assistance to clients that want to relocate their cryptocurrency mining operations from China to other countries.

Chinese mining rig maker Bitmain has stopped selling in-stock cryptocurrency mining equipment amid a plunge in the prices following a shutdown of major mining pools in China.

Another legal challenge faces cryptocurrency exchange Upbit. In China, Ant Group is getting into the NFT game — through Alipay.

In a new report, Bank for International Settlements extols central bank digital currency (CBDC) as the future of money. Will CBDCs replace Bitcoin someday?

Canaan, one of the world’s biggest crypto mining rig makers, has launched its own crypto mining business in Kazakhstan.

Chinese payment app Alipay has started selling non-fungible token artwork, finding buyers for a combined 8,000 editions of two artworks within one day.

After a spate of bad news, Bitcoin’s price tumbled to its lowest level this year before climbing back up to $34,000. Where are BTC prices likely to go next?

Ethereum is much more than a cryptocurrency, and it has already attracted huge interest among investors. What’s all the fuss about? Forkast.News explains.

The next generation of mining hot spots are shaping out in the aftermath of China’s mining exodus as Upbit’s delisting generates new enemies.

Kazakhstan offers nearby bolthole as North America and Europe beckon.

CBDC ATMs appear around Beijing and Hong Kong-based Amber Group is Asia’s billion dollar unicorn after raising US$100 million in its Series B.

The People’s Bank of China has told the country’s big banks and other finance sector heavyweights to cut off financing sources for cryptocurrency transactions.

Against a backdrop of El Salvador’s BTC boosts, famed investor Michael Burry warns about a crypto price bubble and China intensifies its crypto clampdown.

Two of China’s largest state-owned banks, the Industrial and Commercial Bank of China (ICBC) and the Agricultural Bank of China (ABC), are now offering two-way exchange between fiat cash yuan and e-CNY digital currency through more than 3,000 ATMs in Beijing, according to reports in local media.  Over 3,000 ATMs in Beijing managed by ICBC […]

The Bitcoin hashrate plunged over the weekend following a clampdown on cryptocurrency mining by the southwestern Chinese province of Sichuan.

Forkast.News speaks with Michael Wu, Amber Group’s co-founder and CEO, on how the crypto firm is going from $100 million to $1 billion in valuation.

Crypto literacy of Indian regulators is evolving and crypto players are trying to keep industry clean via self-regulations, says Nischal Shetty of WazirX.

Money may be easy to part with when it’s free, but as Shanghai’s first experimental e-CNY giveaway shows, it’s not so easy finding shops to take it.

China’s crypto clampdown reaches Sichuan. A sneak preview into how China’s digital yuan works.

Miners face imminent shutdown as power companies told to cut electricity, according to multiple reports.

Gorilla Mobile, Singapore’s newest mobile virtual network operator, is set to roll out blockchain technology to offer contract-free services.

Yunphant is set to build a second headquarters for its blockchain company in the southwestern Chinese city of Chongqing, according to a report by China News.

50 crypto exchanges apply for ISMS in South Korea while Hong Kong sees the birth of a blockchain passport for Covid vaccinations.

Top blockchain and crypto news: Bitcoin finds fresh favor in Global South. Why would hackers demand a Bitcoin ransom? Chinese miners eye Yunnan probe.

The ASEAN Financial Innovation Network (AFIN) is partnering with enterprise software firm R3 on a central bank digital currency (CBDC) sandbox.

Chinese authorities provide more details on its notice issued to the local mining industry while South Korean exchange start ‘coin thinning’.

Following rumors of a possible ban on cryptocurrency mining in the province last week, its energy regulator has clarified an approach to the industry that looks set to rein in rogue operators.

On June 14, the difficulty of Bitcoin mining fell 5.3%, the first time this year that there have been two consecutive downward adjustments.

Ant Group, Ping An Group and Tencent Cloud ranked as the top three among 50 leading Chinese industrial blockchain enterprises in 2020.

China’s crypto mining crackdown continues while Indian finance authorities probe one of the nation’s largest exchange WazirX.

South Korean government is holding on-site visits to help crypto exchanges get regulated while an Aussie business wants crypto for rent.

With Kusama slot parachain auctions underway, the first starting next week, Plasm and Shiden networks prepare for a multi-chain future with Polkadot.

While the world waits for Eth 2, blockchain developers like Enya.ai and OMG Network are trying to solve Ethereum’s scalability issues via layer 2.

A former governor of the People’s Bank of China said today that some cryptocurrencies have forfeited their opportunity to return to use as methods of payment.

Yunnan is getting prepared to ban cryptocurrency mining activities, BTC.top, one of the country’s major mining pools, today told Forkast.News, citing a screenshot of a notice.

The International Monetary Fund (IMF) will meet with El Salvador’s President Nayib Bukele to finalize discussions around a pandemic relief loan to support the Central American nation. In a Thursday press briefing, IMF spokesman Garry Rice also implied that El Salvador’s decision to make Bitcoin a national currency will be a focus of the meeting for the IMF team.

Cryptocurrency mining prohibition in Xinjiang and Qinghai follows Inner Mongolia ban.

Staking service provider Moonstake has partnered with UzNEX to provide blockchain consulting services in Southeast Asia and the Middle East.

In a talk this week, Vitalik Buterin explains Ethereum’s growing use in enterprise and the importance of building diverse, open-source communities.

A bill restricting the granting of crypto mining permits on environmental ground has passed the New York State Senate.

Hong Kong looks to explore CBDC feasibility as Australian millennials favor investing in crypto over traditional assets.

Shijingshan, a site for the upcoming Winter Olympics, has started supporting payments made using the state digital money, known as e-CNY.

Bitcoin investors in China saw greater returns in 2020 than almost any other nation — second only to the US.

Australian crypto exchange Bitunivex.com has announced plans to offset its carbon footprint by investing in green crypto initiatives.

Hong Kong will be initiating a study on a digital Hong Kong dollar as part of its plans to “future proof” the city for central bank digital currencies.

Regulatory uncertainty pushes India’s crypto industry towards self regulation as a secret Ethereum miner gets busted in Seoul Arts Center.

From Phillips auction house in Hong Kong to Art Fair Philippines, non-fungible tokens are redefining how Asia appreciates, buys and profits from art.

Millions of dollars worth of Bitcoin paid to ransomware hackers who shut down the main fuel pipeline on the U.S. East Coast last month has been recovered.

China has released guidelines aimed at boosting the country’s blockchain development.

Canaan, one of the largest crypto mining rig makers in the world, is opening its first-ever service center outside China—in Kazakhstan.

Chinese social media Weibo bans crypto accounts as employees of South Korean crypto exchanges can no longer trade on their own platforms.

Following blockchain’s mention as a next-wave technology in China’s five-year plan, Huawei unveils applications for government and in-house services.

Following a digital yuan giveaway announced for Beijing last week, Shanghai will distribute 350,000 red envelopes to people across the city during next week’s Dragon Boat Festival.

Crypto mining equipment manufacturer Goldshell has announced that it will launch a new line of mining rigs designed specifically for home use in Asian markets.

Microblog platform Weibo has blocked more than 30 influential Chinese cryptocurrency-related accounts amid a series of actions by Beijing against crypto mining and trading.

Is Bitcoin’s carbon footprint a growing risk to Earth, or is it a red herring? On this year’s United Nations World Environment Day, crypto mining is a hot topic.

Hong Kong arranged a Bitcoin gathering ahead of Bitcoin 2021 Conference in Miami as Phillips auction house offers Banksy’s work for crypto.

After Tether’s legal settlement with New York, USDT’s growth is exploding—dispelling concerns over Tether’s reserves, says Bitfinex CTO Paolo Ardoino.

It is important to distinguish between developing a digital currency for currency digitalization and digitalization of assets or cryptocurrencies so that China can be more focused on preventing risks in the financial sector, said Fan Gang, a Peking University professor and a prominent advocate in China for economic reform. Fast Facts: In a keynote speech […]

Regulators Hainan province have issued a warning against illegal fundraising schemes using crypto or blockchain..

Governments meet up with the crypto industry to discuss how to regulate the booming industry as BC Group’s OSL ties up with SC Ventures.