China fuels blockchain development despite stricter crypto ban
Authorities encourage new ways to apply blockchain across various industries, although there’s no room for crypto
-
-
Steam, Epic Games take opposing stance on blockchain, NFT games
Two of the largest PC video game stores, Steam and Epic Games, have adopted different approaches to blockchain and non-fungible token (NFT)-based games — Steam has shunned them while Epic is open to it. Fast facts As NFT games like Axie Infinity are soaring in popularity, Valve, which operates Steam, has added games “built on…
-
BTC price nears all-time-high as futures ETFs near approval
The U.S. could see a long-awaited Bitcoin futures ETF trading on the New York Stock Exchange and the Nasdaq in the next few days. Forkast.News spoke with market watchers to find out what it means for the industry.
-
20% crypto tax is critical issue in next South Korea presidential election
Candidates and possible contenders in South Korea’s next presidential election call for delaying a plan to tax virtual assets — currently scheduled to begin in January — in a bid to appeal to millennial and Generation Z voters. Fast facts Lawmakers from both the ruling democratic party and the opposition party have spoken out against…
-
Chinese President Xi Jinping underscores blockchain importance in transport
Chinese President Xi Jinping said on Thursday at the United Nations Global Sustainable Transport Conference the country needs to uphold an innovation-driven approach and create more drivers for development. He specifically mentioned in his remarks the integration of blockchain. Fast facts Xi said more should be done to develop smart transport and smart logistics and…
-
SEC calls Ripple’s 30,000 legal requests in XRP lawsuit ‘abusive’ and ‘crushing’
But Ripple says its 5,000 pages of requests for admission to SEC are reasonable and could cut down on trial time.
-
China Mobile launches a network-less E-CNY wallet
The state-run Industrial and Commercial Bank of China (ICBC) and telecommunications service giant China Mobile on Wednesday jointly announced the launch of a fiat digital-yuan hard wallet that allows equipped phones to transact in e-CNY without a mobile network. Fast facts The wallet, SIM Pay, is a super-SIM card with near-field communication (NFC) technology. NFC…
-
Binance taps former Dubai financial services official as regulatory liaison chief
Binance — the world’s biggest cryptocurrency by trading volume — today announced the appointment of Mark McGinness, former head of international relations at the Dubai Financial Services Authority (DFSA), as its chief regulatory liaison officer, according to a company statement. Fast facts McGinness’ appointment comes as Binance bolsters its compliance efforts and navigates regulatory headwinds…
-
Crypto mining pool AntPool to stop IP access from mainland China
AntPool, currently the world’s second-largest Bitcoin mining pool in terms of real-time hashrate, announced today that it is stopping the connection of IP addresses from the Chinese mainland beginning Friday. Fast facts AntPool said in its statement it decided to make the adjustment to abide by the Chinese government’s relevant rules on crypto mining and…