China has broadened the range of public services and the number of cities included in its digital yuan pilot project underway in the provinces of Zhejiang and Fujian. See related article: Chinese state media calls for wider e-CNY adoption Fast facts See related article: Hangzhou races to showcase digital yuan at Asian Games
The New York State Assembly said it passed a cryptocurrency mining moratorium bill on Tuesday, blocking new permits and expansion for proof-of-work (PoW) mining facilities using carbon-based energy sources. See related article: New York’s Bitcoin mining showdown sets stage for battles elsewhere Fast facts The bill needs approval by the New York State Senate. Existing…
The Abu Dhabi Global Market (ADGM) Monday said it granted a full license to the global cryptocurrency exchange, allowing it to service customers across the Middle East and North Africa region. See related article: Dubai could be crypto’s promised land, Citi says Fast facts The license from the Financial Services Regulatory Authority (FSRA) of ADGM…
Former Microsoft strategist Joe McCann’s new crypto fund Asymmetric has gained backing from a16z’s Marc Andreessen and Solana cofounders Anatoly Yakovenko and Raj Gokal, The Block reported. See related article: KuCoin launches $100 mln fund for NFT projects Fast facts Asymmetric is aiming to raise US$1 billion to be split into a venture investment fund…
The Bitcoin Mining Council, a voluntary forum of cryptocurrency mining companies supported by Michael Saylor’s MicroStrategy Inc., said its latest quarterly survey showed the global Bitcoin mining industry is relying more on electricity from sustainable sources. See related article: Can Ethereum’s proof-of-stake transition save the planet? Fast facts The global Bitcoin mining industry had a…
The U.S. Department of Justice (DOJ) says it has charged Spaniard Alejandro Cao de Benos and U.K. citizen Christopher Emms with allegedly assisting former Ethereum developer Virgil Griffith in presenting the uses of crypto to avoid U.S. sanctions against the Democratic People’s Republic of Korea (DPRK). See related article: Former Ethereum developer Virgil Griffith gets…
After being on track to beat the US to the launch of a Bitcoin spot ETF, the delay is likely to undermine Australia’s desire to emerge as a top destination for digital assets in the developed world.
Axie Infinity is a blockchain-based game that rewards players with cryptocurrencies and NFTs. Learn all about how Axie Infinity is creating a play-to-earn revolution in this Forkast explainer.
India’s leading banks have asked the National Payments Corporation of India (NPCI) to issue a formal directive that explains the curbs on money transfers using the Unified Payments Interface (UPI) for trading in virtual digital assets. See related article: Coinbase snafu sets the cat among the crypto pigeons in India Fast facts Indian banks had…