Regulation
Ethereum drives crypto comeback as US tax fears leave market unfazed
Top blockchain and crypto news: Ethereum rises and rivals follow. Taxing times for US investors. New life for reborn crypto miner.
Forkast.News
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China
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Advanced Blockchain Technologies
Companies in China, Australia, Japan, Saudi Arabia start blockchain platform for energy, metal trading
Amid the global energy crisis, nine companies from four countries — China, Japan, Australia and Saudi Arabia — announced they will jointly build a blockchain documentation platform to speed up customs clearance and cargo delivery to trade the commodities of energy, chemical products and metal. Fast facts Platform participants includes Sinochem Energy, Mitsui.Co, Macquarie CGM, Saudi […]
Ningwei Qin
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Bitcoin News
Chinese edtech company pivots to crypto mining amid China’s clampdown on tutoring
As China continues to crack down on the private tutoring sector, one education-tech company has decided to pivot into blockchain and cryptocurrency mining. Fast facts Nasdaq-listed Meten Holding Group, which officially changed its name from Meten EdtechX Education Group in August, has moved forward with plan for the new business venture in the crypto world, […]
Timmy Shen
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Metaverse Platforms
Chinese companies rush to register metaverse-related trademarks
Chinese companies are in a craze for trademark registrations related to the metaverse, and Baidu and NetEase are the latest tech giants to register such trademarks. Fast facts According to the QiChacha, a website where you can search for information about Chinese company information, shows that NetEase has applied for three trademarks with the metaverse: […]
Ningwei Qin
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Regulation
Crypto mining rig maker Canaan sues two Chinese tech companies over patent infringement
Canaan is seeking $14 million in alleged losses from Shenzhen HighSharp Electronic Technology and Sichuan Yinbimei Technology.
Timmy Shen
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Regulation
Chinese police raid what may be the nation’s first e-CNY money-laundering case
Police crack a tele-fraud case related to digital yuan money laundering, potentially thanks to the CBDC’s ‘managed anonymity’ feature.
Timmy Shen
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Metaverse Platforms
Metaverse could impact national security, Chinese state-owned think tank says
While the idea of the metaverse has many people talking and Chinese tech giants showing signs of making a foray into the space, a Beijing-based state-owned think tank has warned of the national security risks that the metaverse could bring. Fast facts In a research report titled “Metaverse and National Security” published Saturday by China […]
Timmy Shen
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Risks in DeFi
BXH says its exploit, now estimated at $139M, came from admin key leakage
The hacked DeFi platform called China’s cyber police first thing as most users appear to be in China.
Timmy Shen
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Regulation
Shanghai plans to further popularize the digital yuan in the next five years
Shanghai outlined its plan to expand digital yuan pilot programs into the city’s five-year plan, in a recently released policy statement, “Shanghai’s Five-Year Plan of Comprehensive Promotion of Urban Digital Transformation.” Fast facts The plan said the city will expand pilot program for online and offline payments, transportation and government services. Shanghai is among the […]
Ningwei Qin
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NFT Marketplaces
Ant Group, JD.com, Tencent pledge to resist speculation of ‘digital collectibles’
Ant Group and Tencent recently rebranded NFT projects as digital collectibles amid China state media criticism.
Timmy Shen
