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118 articles

September 2021

BSN to launch South Korea portal; Canaan secures huge rig order

China’s BSN to launch in South Korea portal as Chinese Canaan secures huge mining rig orders

Blockchain game MIR4 gains global popularity despite ban at home in South Korea

The multiplayer online role-playing game is widely popular elsewhere, while Korea bans play-to-earn crypto and NFT trading.

Genesis Digital Assets signs deal for 20K mining machines to fuel growth in North America, Nordic region

The order follows a June purchase by Genesis of 10K machines from China-based Canaan, one of the world’s biggest Bitcoin mining rig makers

Australian consumer protection body issues warning to crypto investors

The Securities and Investments Commission warned against investing in digital-asset financial products. Some say the warning lacks specifics.

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?

FastForkast headlines

New Korean DeFi service launches to increase scalability of ‘Kimchi coins’

Bollywood megastar Amitabh Bachchan is launching his own NFT collection

Securities Association of China meets with brokerages to promote blockchain uses

Singapore grants FOMO Pay the city-state’s first crypto license

September 2021

Korea’s love for crypto continues; Crypto exchange Bilaxy hacked

Korea’s love for crypto continues while Crypto exchange Bilaxy hacked

More teens in South Korea buy crypto despite strict pending regulations

New data shows increasing deposits made by teens in virtual currency despite new rules that may close down many platforms in less than a month.

Three state-owned banks in China release e-CNY usage data

Tens of billions in digital yuan circulate through the banks’ systems, as leaders encourage wider adoption.

Korea’s new FSC chair speaks; Axie Infinity to work with governments

Korea’s new FSC chair speaks meanwhile Axie Infinity to work with governments

How blockchain is transforming shipping and redefining global trade

Rising from the rubble of a Covid economy, shipping companies are now using blockchain technology to rebuild profitability and reduce inefficiencies.

Korea reveals crypto exchange ‘Death Note’: DeFi investment booms

Korea reveals crypto exchange ‘Death Note’: DeFi investment booms

South Korea unveils “death note” for crypto exchanges

24 out of 63 digital currency exchanges in South Korea are not expected to meet new compliance requirements and will most likely be shut down in less than a month.

Bitcoin bulls brace. CryptoPunks’ pulling power. China’s crypto lawfare.

Top blockchain and crypto news: Is another Bitcoin bull run coming soon? Punks rocking NFTs. Why crypto contracts may not be enforceable in China.

Hong Kong’s Resources Capital Football Club kicks off NFT goals

The team joins a growing number of football clubs around the world launching non-fungible tokens (NFTs) as they look to engage fans and generate new revenue streams.

Court in China says trading in cryptocurrency ‘not protected by law’

The ruling by Shandong’s High Court backs up China’s official stance against trading in cryptocurrencies. What does this mean for investors?

Digital yuan trials now looking like a ‘soft launch’ stage

China’s high penetration of smartphones, digital-savvy population helps reduce e-CNY testing time, observers say

As China cracks down on crypto, blockchain technology keeps flowering

Steelmaker Ansteel Group and lithium battery producer Tianneng are the latest companies to make use of blockchain in accordance with China’s national strategy.

BIT Mining revenue soars despite losses from operational pivot

Operating costs and crypto bear market suck up cash after former lottery operator bets on digital assets

India’s crypto sector on edge as bill that may lead to ban awaits cabinet approval

If cabinet approves crypto bill by November, it could be introduced as early as parliament’s winter session.

Why Silicon Valley is pouring big money into India’s crypto industry

While Delhi goes back and forth over a crypto ban, crypto’s huge growth potential in the world’s second most populous country is captivating American venture capital.

China’s mining exodus flows to U.S. Is Texas the new promised land?

Poolin, a major mining pool in China, has set sail for America. ‘Large players are all over the U.S. now looking for deals.’

NFTs and the music industry: K-pop’s new token economy | Part 2

K-pop superstars Brave Girls, Se7en and A.C.E. are among the latest to jump on the non-fungible token bandwagon. Are fans buying it?

Hong Kong artists embrace NFTs as OpenSea trading volume explodes

Despite speculation that the NFT market is cooling, OpenSea continues to post record transaction volumes, and Hong Kong artists are getting in on the action.

Unocoin now allows Indians to buy pizza, coffee with Bitcoin

Several cryptocurrency payment methods exist around the world, but new service is the first major one of its kind in India.

What is the regulatory outlook for virtual asset exchanges in Hong Kong and Singapore?

Singapore and Hong Kong are at the forefront of regulations over crypto exchanges, writes Vince Turcotte of Eventus Systems. Here’s why trade surveillance and risk management will be critical.

Latest digital yuan trial launches with backing of, Bank of Communications

E-commerce company’s tie-up with government-owned lender suggests hybrid private-state future for central bank digital currency.

DBS Bank’s digital exchange assets surge 60% in Q2

DBS eyes bigger investor base as digital assets under custody top US$100 million.

Ethereum upgrade closely watched; India launches e-RUPI voucher

Ethereum upgrade closely watched also India launches e-RUPI voucher

FastForkast headlines

Singapore grants FOMO Pay the city-state’s first crypto license

South Korea’s crypto exchanges join forces for FATF travel rule compliance

Crypto exchange Zipmex raises $41M in Series B round for aggressive Asia expansion

Chinese gaming company The9 expands into NFT business

Hong Kong regulator warns investors against digital tokens and ICOs

Crypto mining rig giant Bitmain confirms TSMC chip price jump

Former India central bank chief says cryptocurrencies have a ‘potential future’

AAX to launch its own NFT marketplace, following other crypto exchanges

BIS, HKMA partner on Project Genesis to tokenize green bonds

Thai SEC proposes new rules for digital asset custodians

Guangzhou court uses blockchain for online cross-examination

Crypto bank in South Korea says it aims to comply with strict but unclear new law

Futures exchange pays e-CNY for warehousing fees

Shaanxi Expressway accepts digital yuan as tolls

The9 sets up another joint venture to mine crypto in Kazakhstan

Bit Digital reports growing losses as it moves crypto miners from China to North America

Binance taps former SGX chief regulatory officer as Singapore CEO

Aussie tech entrepreneur offers Bitcoin to those vaccinated against Covid

Thai-listed Brooker Group reports $24 million in crypto holdings in 1H 2021

Justin Sun’s Weibo account blocked again

China shuts down website and social media of high-profile blockchain center

Thailand publishes CBDC study results, pilot test to start in 2022

Shanghai court rules Bitcoin is virtual property, not currency

Led by Vietnam and India, global crypto adoption jumps over 880%

IBM, Nomura to use blockchain for plastics recycling in new consortium

Union Bank of Philippines partners with Hex Trust to enter digital asset ecosystem

Kakao to spearhead global expansion of Klaytn blockchain from Singapore

U.S., Indonesia drive NFT wave, DappRadar report shows

HIVE buys more crypto mining rigs from Bitmain, adding to Canaan deal

Asia leads world in crypto investment, report says

Polygon acquires Hermez Network for US$250M

India gets Bitcoin rewards cards with backing from crypto-averse central bank

Samsung joins South Korean pilot to test CBDC on Galaxy smartphone

Cricket NFT platform Rario launches on Polygon

Cambodian central bank, Maybank partner on cross-border digital currency transfers

WazirX signs up small-city women crypto investors

XRP price rises as GME joins RippleNet to expand remittances between S. Korea and Thailand

India’s CoinDCX crypto exchange becomes unicorn with US$90M in funding

Binance winds down derivatives trading in Hong Kong

Rothschild’s RIT Capital leads funding round for Aspen Digital to provide crypto services for institutional investors