China’s blockchain infrastructure project goes live in Hong Kong, Macau
Blockchain-based Service Network (BSN) soft launch is the first attempt to roll out the state-backed ‘internet for blockchain’ outside of the Chinese mainland.
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What are smart contracts and what are they used for?
In this Forkast.News explainer, learn why blockchains with smart contract capability are surging in popularity and the new darlings of investors.
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Alibaba’s Tmall sells out mooncake NFTs
Chinese e-commerce giant Alibaba is sparing no efforts in riding the non-fungible token (NFT) wave, with its online retailer Tmall selling out a new collection of NFTs featuring mooncakes — a signature snack made to celebrate the Mid-Autumn Festival that falls on Sept. 21 this year. Fast facts Tmall has issued “mooncake NFTs” built with…
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China’s state-backed blockchain network to expand to South Korea
As its first international expansion, China’s Blockchain-based Service Network is launching a portal in Korea. Who are the key players, and where else in the world will BSN emerge this year?
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Why some big investors are diving into DeFi but others are holding back
Decentralized finance (DeFi) is attracting a lot of attention from traditional banks and venture capital, but many institutions remain firmly on the sidelines. Forkast.News explores why.
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Calling Poly Network incompetent, upset hackers refuse to give back remaining $141M
The Poly Network hackers have returned assets worth around US$427 million, the company announced on Thursday. But hackers accused the company of “incompetency” and are refusing to give back the rest of the loot. Fast facts The hackers had transferred the stolen assets worth over US$600 million in total to mutli-signature wallets controlled by the…
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Poly Network offers hacker top job as another hacker saves SushiSwap from potential $350M attack
Poly Network wants to hire the hacker who stole over US$600 million worth of tokens from the platform last week — as its chief security advisor, according to a tweet by the company. Fast facts In response to the job offer, the hacker posted a joke on the Ethereum blockchain that was shared in a…
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Poly Network hackers delay handover of stolen assets
The hackers claim that trust issues with the Poly Network team are slowing down the complete handover of stolen assets.
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Poly Network hacker returns remaining assets, offered US$500K white hat bounty
Poly Network has confirmed that all its remaining stolen assets on Ethereum, worth around US$269 million, barring US$33 million worth of Tether that was frozen post-attack, have been returned to a multi-signature wallet controlled by itself and the hacker. Fast facts The hacker had returned more than 50% of the assets stolen on the Polygon…
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Chinese DeFi platform Poly Network suffers US$600M hack
Impact of one of the biggest heists in the industry looks set to be mitigated as hackers agree to return funds.