The latest Bitcoin mining difficulty adjustment, made at 1 a.m. UTC on May 30, saw the difficulty of Bitcoin mining drop 15.97%.
Crypto crime is surging in Asia while Bitcoin is being blamed for splitting up married couples in South Korea.
Energy regulators in the southwestern Chinese province of Sichuan, which has abundant hydropower resources, will hold a seminar on June 2 to assess the province’s cryptocurrency mining industry, fanning hopes among miners that the beleaguered sector may be given a reprieve from its recent hardships in China.
BitDeer, one of China’s biggest crypto mining operators, blocked access to anyone using a mainland Chinese IP address last night.
The Chinese region of Inner Mongolia – once a thriving cryptocurrency mining hub that has recently enacted a series of measures to rein in the sector – has unveiled eight new proposals designed to give added force to its recently imposed, all-out ban on crypto mining.
China’s miners prepare for migration and Hong Kong reacts to possible retail ban. Meanwhile a South Korean governor becomes a crypto influencer.
Chinese authorities’ latest regulatory offensive against the crypto industry may not be as bad for the sector as it appears.
Marathon Digital Holdings has announced a deal with Compute North to host 73,000 of Marathon’s Bitcoin miners at a new data center in Texas.
As the crypto sell-off continued over the weekend, Bitcoin once again proved its resilience relative to other cryptocurrencies in not bleeding as much.
The price of Bitcoin fell by over 10% following an announcement by China’s State Council today that it is planning to crack down on Bitcoin mining and trading and “resolutely prevent the transmission of individual risks to society.” Fast Facts: The 51st meeting of the State Council Financial Stability and Development Committee called for the […]
Hong Kong-listed beauty app Meitu and other companies that have invested in cryptocurrencies have seen millions of dollars wiped off the value of their stock following the huge global Bitcoin sell-off this week.
The Chinese region of Inner Mongolia is urging members of the public to report all cases of cryptocurrency mining, setting up a reporting hotline, an office address and an email address to solicit tips for law enforcement authorities.
China’s newest warning against crypto sends market into nosedive and Bitcoin dips below US$40,000 for the first time since February.
Qingdao-headquartered tech company SOS Ltd. has announced the launch of more than 6,000 ETH and BCT mining rigs, claiming 90% renewable energy sources.
Fan Long, a co-founder of Chinese public blockchain network Conflux, says China’s latest broadside against the use of cryptocurrencies in the financial sector should not be interpreted as a sign that Beijing is intent on shutting down digital currencies.
China has slapped a ban on finance sector businesses, including payment firms, from offering cryptocurrency services.
Privately owned Chinese lender continues to target blockchain opportunities as it remains shut out of Beijing’s digital yuan project.
Chutian Dragon and IDEX Biometrics offer DCEP digital currency wallets with fingerprint recognition. The companies say the feature enhances security.
As retail interest in crypto grows, countries around the world are grappling with consumer protection. Asia offers a window into the array of policy responses.
R3’s Corda — one of the most widely used blockchains of Corporate America — is coming to China. What does it mean for the US and Europe?
The new self-proclaimed eco-friendly crypto leverages unused disk space — but Chia miners are buying out new hard drives and equipment instead.
China’s DCEP digital currency, not yet officially launched, take another leap forward with unveiling of prototype ATMs that convert foreign money to e-CNY.
Large capacity hard drives are selling like hotcakes in Vietnam as locals capitalize on China’s demand for Chia mining power.
With Inner Mongolia banning crypto-mining and Xinjiang expected to soon follow, China’s crypto miners are turning to green energy or moving overseas.
China’s internet giant Ant Group shares its OceanBase database for the e-CNY project. More investors try out DeFi platform PancakeSwap.
Beijing’s new warning against cryptocurrency comes days before regulations aimed at preventing illegal crypto fundraising take effect May 1.
One year after China unveiled a digital currency via testing, its potential for displacing dollar diplomacy is becoming more understood. Is the US worried yet?
China gives the “alternative investment” label to crypto at this year’s Boao Forum for Asia, and hints at reserving a seat for digital assets in the country’s digital economy. Meanwhile, exchanges in Asia recover from crypto’s weekend price crash and see spikes in Bitcoin long orders. We’ll have more on that story — and other […]
China’s central bank is exploring a new stance towards Bitcoin and other cryptocurrencies, now calling them investment vehicles – but not currency
One year after China began testing its digital yuan, China watchers wonder how close it is to launching?
Look for nifty DCEP wallets to make a debut at the 2022 Beijing Olympics
China opens digital currency door to all. NFTs go wild. Is Singapore’s Temasek buying virgin Bitcoin?
Other top blockchain and cryptocurrency news: Bitcoin prices rise as BTC and ETH options expire. DeFi market steps up as Elon Musk says, ‘Don’t defy DeFi.’
China’s new five-year plan — its blueprint for development — pours resources into ‘new infrastructure’ like blockchain technology and DCEP’s digital yuan.
Headlined by crypto art superstars Beeple and Robert Alice, the in-person exhibit also features works by Chinese artists. Next stop: Shanghai.
As interest in green bonds grow around the world, Asia is emerging as a hotbed of sustainable finance. Here’s why China will be leading the way.
Bithumb, OKEx roiled by Korea’s new law. Why Thailand hates baht-pegged stablecoins. What’s behind Metakovan’s NFT art buys?
Other top blockchain and crypto news: Japan’s SBI Crypto opens mining pool to public. In China, more companies turn to crypto to boost bottom line.
Boosted by state incentives, companies in China are filing more blockchain patent applications than anywhere else. But how many patents got awarded?
Are bitcoin ETFs coming soon to America? Korea’s Shinhan Bank joins CBDC pilot. Argo seeks greener crypto pastures in Texas.
Other top blockchain and cryptocurrency news: As China tightens vise on crypto, Beijing to host 60-artist crypto art exhibition featuring NFT superstar Beeple.
Jack Dorsey cashing in on NFT frenzy. Ripple turns to CBDCs amid XRP’s legal troubles. Is India rethinking a crypto ban?
Other top blockchain and cryptocurrency news: Ethereum takes up with Amazon, plans gas fee changes. China likely to increase blockchain spending.
One of world’s biggest bitcoin-producing regions will soon ban cryptocurrency mining to meet China’s clean air goals. Where will all those miners go?
Coinbase to go public on Nasdaq. Cardano upgrades amid ADA price rally. Beeple’s pop art riding high on NFT wave.
Other top blockchain and cryptocurrency news: Goldman Sachs, more big banks line up behind bitcoin. Short-sellers probe crypto miners in China.
As China widens the e-CNY’s testing to Chengdu, the future of WeChat Pay and Alipay becomes complicated. What are the new CBDC’s pros and cons?
Inspired by bitcoin’s boom, companies with no business in crypto are pivoting to cryptocurrency mining. A New York investors lawsuit offers a cautionary tale.
Now that China’s censors are blocking Clubhouse, what are the popular audio networking app’s mainland members doing? VPNs are the new velvet ropes.
Tesla’s bitcoin dive is recharging an already hot crypto market, worsening the run on new mining equipment and heating up the second-hand rig market.
Tesla drives bitcoin to the moon. Ripple XRP finds love in Japan. First Boulevard partners with Visa.
Other top blockchain and crypto news: ETH hits new high with CME Ethereum futures. DeFi yawns at YFI attack. China steps up DCEP digital yuan tests.
Tai’an and WenChang chains join BSN China’s ‘Open Permissioned Blockchain Initiative’ as nation grows its blockchain network while maintaining controls.
GameStop sinks as ETH hits all-time high. Ray Dalio weighs in on crypto. Elon Musk, bitcoin’s new warrior.
Other top blockchain and cryptocurrency news: India pushes CBDC and proposes banning crypto. Korea’s DeFi future. How does Bitmain’s drama end?
BSN’s new digital payment network will be a boon to Ethereum, stablecoins and CBDCs like China’s DCEP digital yuan while keeping other cryptos out.
Now renamed e-CNY, China’s new digital yuan has now been tested by 250,000 shoppers in two cities. Is it finally close to launch?
China is investing heavily in blockchain technology in government, dwarfing US levels. Forkast.News examines the growing gap and the paths forward.
As China presses its digital currency closer to launch, a Shanghai test reveals features aimed at the 700 million Chinese without mobile phones or the internet.
With DCEP nearing launch, China is having a banner year in blockchain-related technologies. Here’s what’s hot in China and what’s too hot to touch.
Urszula McCormack of King & Wood Mallesons: data regulation will be a challenge for the virtual asset sector
In this edition of Forkast Forecasts, the financial regulatory lawyer and partner at King & Wood Mallesons offers her views on digital assets regulation, CBDCs and Asia’s digital transformation.
In this edition of Forkast Forecasts, Digital Asset’s co-founder and CEO offers his views on central bank digital currencies and blockchain developments in Asia.
The founder of Ontology and co-founder of Onchain explains the path forward for central bank digital currencies and DeFi in China in 2021.
In this edition of Forkast Forecasts, Diginex’s CEO offers his views on CBDC initiatives, crypto custody, and more growth in borrowing, lending of digital assets in the upcoming year.
In this edition of Forkast Forecasts, the director of strategic initiatives at ConsenSys and author of “Block Kong” shares his views on CBDCs, stablecoins and Asia’s blockchain space.
Here are the hottest blockchain news and trends that dominated Forkast.News headlines over the past 12 months. Let the countdown to 2021 begin!
World Economic Forum’s Sheila Warren expects ‘tremendous activity’ on China’s digital currency in 2021
In this edition of Forkast Forecasts, the head of Blockchain, Data and Digital Assets and member of the Executive Committee of the World Economic Forum shares her views on sovereign digital currencies, and the global regulatory landscape.
In this inaugural Forkast Forecast, the co-founder and CEO of Hedera Hashgraph offers his views on China’s blockchain drive and what the industry will be like in 2021.
In biggest test yet of China’s CBDC, 100,000 Suzhou residents will use e-RMB for holiday shopping. Hong Kong is also now laying groundwork for future.
Beijing put a stop this week to Fusang’s China Construction Bank bond listing on the Ethereum blockchain. What was the Chinese government afraid of?
After crackdowns on crypto exchanges, China is now freezing bank accounts. Why is the world’s largest bitcoin producer tightening the vise over its miners?
Cryptocurrency exchanges flying flags of convenience is sure to annoy China’s regulators and may no longer be a viable business strategy.
Ep. 38 | What Biden’s victory means for crypto. Bitcoin rides new wave. Ethereum 2.0 revs for launch.
Other top blockchain and cryptocurrency news: Will TRUMP crypto losers get second chance? Hong Kong to regulate cryptocurrency exchanges.
A big trend now: Central banks exploring digital currencies that are ‘programmable money,’ says Charles d’Haussy of ConsenSys. Should users be concerned?
After regulators intervened, Chinese fintech giant Ant Group will now return billions to investors over its withdrawn IPO. Did Jack Ma say something wrong?
Ep. 37 | JPMorgan’s JPM Coin goes live. ConsenSys fueling CBDCs worldwide. Is DBS Bank planning a cryptocurrency exchange?
Other top blockchain and cryptocurrency news: Bitcoin paper’s 12th anniversary. New Huawei phone has DCEP wallet. FDA on blockchain and food safety.
Conflux Network enjoys special government status in some parts of China— and now it’s ready for mainnet launch.
Ep. 36 | Bitcoin prices rise on PayPal cryptocurrency news. US wary of CBDC as China enacts digital currency law for DCEP rollout.
Other top crypto and blockchain news: USDC stablecoin coming to Solana blockchain. Investing in KYC/AML in India.
Ep. 35 | Filecoin launch hits miner turbulence. USDC adds Stellar to rely less on Ethereum. Associated Press to publish US elections data on blockchain.
Other top news: OKEx cryptocurrency exchange freezes services amid police investigation. Investors bet $100 million on ‘neobank’ Razorpay in India
Blockchain has become a national priority in China’s public and private sectors, in contrast to many Western governments’ approach to cryptocurrency.