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China
China's Zhejiang Province Implements Punitive Electricity Prices for Crypto Mining
Authorities are still working to eliminate the industry months after it was banned.
Crypto Exchange Huobi to Re-Enter US After Exiting China
Huobi is a top-six crypto exchange according to CoinMarketCap. After dismantling its operations in China due to intensified regulation, the Chinese crypto exchange Huobi plans to re-enter the United States market with a new focus on asset management.
Korea’s KB Embraces Crypto; China’s NFT Fever
South Korea’s KB Asset Management plans crypto funds. NFTs hit resale market in China despite criticism over speculation. OpenSea investigates $1.7M phishing scam. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Axie Infinity Breaks $4B; China’s Brewing Metaverse Frenzy
Axie Infinity NFT sales first to pass $4 billion mark. Chinese companies file over 16,000 metaverse trademark applications. Solana joins crypto market slide. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Huobi Plans Return to US Months After Shuttering China Business
The company will focus on asset management instead of an exchange business.
Kazakh Authorities Bust 202MW of Illegal Crypto Mines
The Central Asian country has struggled to meet electricity demand, particularly after miners flocked there from China.
China Casts Long Shadow Over Hong Kong's Once-Vibrant Crypto Industry
The city's regulators are looking to finally provide some clarity. Will it be enough to retain crypto companies leery of China's growing sway?
Bitcoin Rally Past $44K Stalls on Low Volume
Bitcoin rallied above $44,000 on low volume before retreating as Russia said it was receptive to a diplomatic solution to tensions on the Ukraine border. OKX Director of Financial Markets Lennix Lai shares insights into crypto trading patterns in China and wider Asia despite thin volumes, the correlation between the markets and Russia-Ukraine tensions and views on NFTs.
Bandai Namco Plans IP Metaverse; Russia’s Crypto Flip
UN approves Chinese NFT standard. Japan’s Bandai Namco to create IP metaverse. Russia U-turns on crypto, but will it last? We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
PBOC Pushes E-CNY Standardization; CoinDCX Hits 10M Users
China’s central bank works on E-CNY standardization. India’s excitement for crypto grows despite tax. Are memecoins becoming more than a joke? We’ll have more on those stories — and other news shaping the cryptocurrency and blockchain world — in this episode of The Daily Forkast.