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Chinese Social Media Bans Crypto Accounts; Seoul Tightens Rules on Crypto Trading

Dozens of Weibo crypto accounts were banned over flouting platform guidelines and laws. Executives and employees of SK crypto exchanges were barred from trading on their platforms. A Chinese chipmaker launches chip that supports ETC and ETH mining. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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Governments Meet Crypto Industry; Hope for Bitcoin Miners in Sichuan

Governments throughout Asia are meeting with the crypto industry to discuss how to regulate the booming industry. Chinese local media reports the authorities in Sichuan may take a more lenient approach to bitcoin mining despite Beijing’s mining clampdown. Also, BC Group’s OSL announces tie-up with SC Ventures. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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SpaceChain Shoots Blockchain to Space; Cardano’s Bridge to China

Singapore startup SpaceChain will send its blockchain tech to the International Space Station aboard Falcon 9. Cardano announces its first cross-chain bridge with China’s Nervos Network. Indian cryptocurrency exchange WazirX and Korbit in South Korea launch, their nation's first NFT platforms. We’ll have more on that story – and other news shaping the cryptocurrency and blockchain world – in this episode of The Daily Forkast, June 2.

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Thailand Warns Over DeFi; India Green Lights Cryptos

Thailand attempts to regulate decentralized finance. India’s central bank gives the green light for banks to support crypto transactions. Singapore’s DBS bank launches its first security token offering. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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Sirgoo Lee Says Upbit Looking to Expand Exchanges in Southeast Asia

During a discussion at Consensus 2021, Sirgoo Lee, CEO of Dunamu, Upbit’s parent company, talked about the South Korean crypto exchange’s plans for the future regarding regulation, NFTs (non-fungible tokens) and expanding overseas.

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China's Warning to Miners Sends a Chill Across the Crypto Markets

Beijing's warning to miners is being blamed for bitcoin's tumble back down to $32K. The Asian crypto markets are spooked. The crypto exchange and mining operation Huobi says it will suspend new accounts in China and scale back its mining operations. Angie Lau of Forkast News joins "First Mover" to update the state of crypto in Asia.

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China's Crypto Warning and Impact on Crypto Prices

China's warning about crypto investing is being blamed by many as the reason for this week's bitcoin slide, but Darius Sit, the co-founder of Singapore-based QCP Capital, says the warning is nothing new. Sit joins "First Mover" to discuss the Asian crypto markets and the latest market moves. Plus, he explains his cautious outlook on crypto in the second half of the year.

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Crypto Market Rebound; Sotheby’s Next NFT Auction Targets Millennial Spenders

The total global cryptocurrency market cap bounces back and is flirting around $1.8 trillion. Experts tell Forkast.News that bitcoin is acting as a “safe haven” for the market, and ether’s long-term potential may be more attractive for some.

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Crypto Chaos Continues; Mass BTC Liquidations in Exchanges Across Asia

The Asian crypto markets continued to struggle as investors turned towards stablecoins to minimize losses. Mass BTC long positions were liquidated across exchanges in Asia, but Singapore-based Bybit tells us that the numbers don’t tell the full story. Meanwhile, decentralized finance lending protocol Maple Finance brings DeFi to institutions.

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Blood Bath in Asia Crypto Markets; China Sends Another Crypto Warning

The crypto market nosedives as bitcoin dips below $40K for the first time since Feb. 8, the day when Tesla’s $1.5 billion bitcoin purchase was made public. The market plunge follows the newest warning to crypto trading in China, reminding banks and online platforms cannot provide crypto services. Inner Mongolia banned cryptocurrency mining earlier this year. Now, it’s setting up a reporting platform to catch miners that aren’t following the rules. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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