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DailyFork
Blockchain’s Green Efforts and Crypto Carbon-Nomics in Asia
Asia’s no slouch when it comes to environmentally friendly initiatives in its blockchain industries. These are the latest green crypto trends in this region, from institutions wanting carbon-neutral bitcoins to tokenizing carbon credits. In the DeFi space, Conflux launches a new platform that aims to bridge the gap between ecosystems in the East and the West. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

ASEAN+1 Pledge to Advance Blockchain; PayPal to Launch Wallet in China
Blockchain and fintech groups in five ASEAN countries and Australia sign memos to advance blockchain innovation together. The consortium hopes to engage regional regulators as blockchain draws more attention from institutions. PayPal announces plans to launch a new domestic wallet in China, with a focus on cross-border payments.

Dogecoin Frenzy Spreads in Asia; Indian Exchange Logs 15x Traffic
The meme-fueled froth for Dogecoin spreads to Asia as it nips at the tail of XRP. Meanwhile, Asian exchanges record staggering surges in traffic and Doge trading volumes. Regulators follow the heated crypto space closely with South Korea announcing a “pan-governmental crackdown period” on illicit virtual asset use.

China Calls Crypto an ‘Investment’; Crypto Demand Bounces Back in Asia
China gives the “alternative investment” label to crypto 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. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

Dogecoin Swells Over 80% in Asia Hours; China’s CBDC Pilots Turn One
Dogecoin prices surged during Asia trading hours, thanks to celebrity hype from Tesla CEO Elon Musk and fellow billionaire Mark Cuban.

Macau Considers e-CNY Rollout; Kimchi Premium Arbitrage on the Rise
Macau, one of the largest casino hubs globally, is studying the feasibility of CBDC applications with the help of the Chinese central bank. Top South Korean banks urge the banking industry to reject suspicious remittance applications as kimchi premium arbitrage rises. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

IMF Wants More Crypto Supervision in the Philippines
Crypto exchanges in the Philippines are in the crosshairs of the International Monetary Fund. The IMF warns the country’s financial sector status could diminish if exchanges are left unchecked and potentially abused for financial crimes. That as China extends tests of its digital currency to its free trade zone, Hainan Province.

Asian DeFi Picks Up Steam; Hong Kong Scammers Use Crypto as Bait
The DeFi wave continues to rise in Asia: XRP dives deeper into DeFi with Wanchain integration while a top bank in Thailand ventures into the nascent ecosystem and more cases of online fraud are found in Hong Kong. The suspects are believed to have used false promises of crypto investments to lure their victims.

Meitu Buys More Crypto; Hong Kong, Singapore Tease NFT Platforms
Chinese app-maker Meitu accumulates $100 million worth of crypto with its latest buy. Are they leading a trend of Asian firms spending their treasury beyond fiat options? And high fashion with blockchain big-vision: Hong Kong and Singapore announce their respective NFT trading platforms launching later this year.

Korea’s BTC Premium Nosedives; Officials Take Aim at Crypto
Government dismay at crypto frenzy in South Korea brings the country’s bitcoin premium down a few notches, but despite threats and policy chills, it’s only got more South Koreans interested in the dizzying crypto world. More on that story and other news shaping cryptocurrency and blockchain – in this episode of The Daily Forkast on CoinDesk TV, April 8, 2021.
