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China
First Mover Asia: China CBDC Is No Government Version of Bitcoin; Terra's Luna, Other Altcoins Jump
The eCNY and other CBDCs are digital versions of cash issued by a central bank, unlike bitcoin which has no single issuing authority; bitcoin surpassed $39,000 on Tuesday before dropping into the red.
Crypto Losses Not Protected in China; India’s Bitcoin Premium
Chinese court reiterates stance that the law cannot cover crypto losses. Chinese tech giant Alibaba offers NFTs as blockchain game rewards. Indian investors hungry for bitcoin despite premium. These stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
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.