Forkast.News is now Forkast Labs

Articles by

Sam Reynolds

Sam Reynolds is a contributor to Forkast and previously was a technology analyst with IDC. In addition to Forkast, Sam contributes to WCCFTech, covering semiconductors and finance.

January 2021

New year brings new crypto actions from FinCEN, OCC and IRS

New US government rules and guidance aim to boost cryptocurrency taxes, clarify legal liability related to STABLE Act and require more KYC reporting.

Bitcoin turns 12: three key moments in life of world’s first crypto

To celebrate bitcoin’s birthday this weekend, let’s raise a glass to Satoshi Nakamoto and take a look back at how their baby has grown.

December 2020

Top 3 predictions about bitcoin and other cryptos in 2021

What can bitcoin and other cryptocurrency investors expect in 2021? Here are three emerging trends that could reshape the crypto world.

Joe Lubin and other prominent crypto leaders decry the STABLE Act

Ethereum co-founder Joe Lubin and blockchain investor Alex Tapscott tell Forkast.News that the stablecoin bill aimed at Libra/Diem and Tether could have broader repercussions on the blockchain industry.

Proposed US law would require stablecoins to be 1:1 dollar-backed

Are American lawmakers going after Facebook’s Libra, now called Diem? Controversial Tether may be the real target of new stablecoin-restraining bill.

Ethereum’s big transformation arrives with launch of Ethereum 2.0

Coinbase and Huobi now support Eth2 staking as the ‘Beacon Chain’ heart of the new platform goes live. What will happens to users of Ethereum 1.0?

November 2020

Was China Construction Bank’s $3 billion blockchain bond doomed from the start?

Beijing put a stop this week to Fusang’s China Construction Bank bond listing on the Ethereum blockchain. What was the Chinese government afraid of?
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Ethereum 2.0 now set for December launch after early lukewarm reception

ETH 2.0 raises over $300 million from over 16,300 participants, putting it on track for release next week after whales make big investments in the last minute.

Is China trying to put its cryptocurrency industry out of business?

After crackdowns on crypto exchanges, China is now freezing bank accounts. Why is the world’s largest bitcoin producer tightening the vise over its miners?
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After BitMEX, will CFTC go after more crypto exchanges and DeFi?

CFTC cracked down hard on BitMEX. Forkast.News investigates what other cryptocurrency exchanges, if any, might be next in its line of enforcement fire.

Bitcoin prices soar to new heights, approaching historic 2017 levels

A push past $18,000 means bitcoin prices could reach all-time highs — but this time, without shady ICOs driving demand. Forkast.News analyzes why.

Hedera Hashgraph provides provenance for data from Syrian war

Hedera’s platform will help Hala Systems store evidence of war crimes in Syria and Yemen on the blockchain for future prosecution of those responsible

China’s OKEx crackdown is a warning shot to other crypto exchanges

Cryptocurrency exchanges flying flags of convenience is sure to annoy China’s regulators and may no longer be a viable business strategy.
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Thailand’s ‘crypto cold season’ makes for a land of frowns

Thailand once marketed itself as a cryptocurrency frontier market and an alternative to Hong Kong and Singapore. What happened?

DeFi is slowing, but crypto and bitcoin prices may end year a winner

Trading volume on decentralized exchanges has slowed, but BTC prices and cryptocurrency market cap are at all-time highs. Is this 2017 all over again?

Hong Kong’s new crypto exchange laws will be embraced—with VPNs

Hong Kong SFC lays out plan to regulate cryptocurrency exchanges to allow only institutional money. But retail users likely won’t be deterred.

On election night, TRUMP and BIDEN tokens put crypto futures to test

Political betting markets are nothing new, but 2020’s is taking on a cryptocurrency twist. Which candidate is winning the crypto futures market?

October 2020

Conflux launches Tethys mainnet in China with government thumbs up

Conflux Network enjoys special government status in some parts of China— and now it’s ready for mainnet launch.

How serious is the FDA in pursuing blockchain for food safety?

Despite talk, US Food and Drug Administration has not explored blockchain for food safety in meaningful ways, according to a Forkast.News investigation

Can a victims‘ superfund save Europeans from cryptocurrency crime?

EU committee has turned down a petition for a tax on nodes to create a crypto fraud superfund for victims. But lawyer vows to try again.

Filecoin launches mainnet in competitive blockchain cloud storage market

Kraken, Huobi and Gemini have all confirmed that they will list the token days after Filecoin rival EOS confirms its deal with Google

Blockchain VC deals are on the upswing despite Covid-19

PwC and Crunchbase data show cryptocurrency industry M&A deals and venture capital funding already surpassing last year’s volumes, with investments shifting to Asia

PwC’s ‘Time for Trust’ report misses mark on blockchain in China

The ‘Time for Trust’ report downplays the growing impact that blockchain is having on China’s economy. Here’s what’s really going on with this technology.
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China leads in blockchain patent filings, but how much of that is real?

Blockchain patent filings may not be indicative of China’s technological prowess or patent quality — especially when standards are questionable
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Arthur Hayes of BitMEX not likely to leave Hong Kong anytime soon, but DeFi faces crossroads

BitMEX’s CEO, who faces money-laundering charges, may be the beneficiary of Hong Kong’s political turmoil and current lack of an extradition treaty with US government

September 2020

Cryptocurrency futures give thumbs down to Trump’s debate performance

FTX cryptocurrency traders are dumping TRUMP after the first US presidential debate, a raucous affair punctuated by insults and interruptions.

Little Coda Protocol changes name to Mina after tussle with heavyweights

“We’ve come to understand that we are more than just a name,” says the team no longer named Coda, after getting sued by Wall Street-backed R3 over its Corda trademark.

US bills could shake up cryptocurrency exchanges and ICO prosecutions

Proposed federal laws would upend SEC rules for digital tokens and give CFTC sweeping powers. Will it be enough to rein in crypto’s Wild West ways?

Bitcoin-inspired art ‘Portraits of a Mind’ debuts at Christie’s New York

A giant 40-painting series of blockchain art aims to capture the image and ethos of Satoshi Nakamoto in the source code that he left behind.

US private equity activity takes a walloping due to Covid-19

Deals in mid-size firms that make up the engine of the economy were down as exits were put on pause — but fintech and broader tech sector still shine bright
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Tencent Cloud continues blockchain expansion with two new platforms

Aside from cross-chain compatibility and scaling, the Shenzhen tech giant is also aiming to resolve data privacy and security issues in healthcare and finance.
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Esports gambling platform Unikrn settles with SEC for $6.1 million

SEC’s crackdown comes as more states permit online gambling, putting a further squeeze on the company once backed by celebrities like Ashton Kutcher.

Proposed sanctions on SMIC threatens silicon supply for China’s bitcoin miners

Caught in the US-China trade war crossfire, the semiconductor manufacturer’s shares tumbled alongside Beijing’s fading dreams of a domestic silicon supply.

August 2020

What is the secret to Conflux Network’s success in China?

Conflux wins rare endorsements from Shanghai and Hunan provincial governments as other blockchain firms struggle for a toehold on the mainland.

Coda Protocol announces new cohort for Genesis token Program

New lightweight protocol nearing mainnet launch says it is distributing six times more tokens than others to attract developers and encourage greater decentralization.

Binance launches bitcoin-margined perpetual futures

New perpetual contracts — a crypto derivatives product — can be ‘inversed’ and priced in BTC rather than tied to fiat. What does this mean for investors?

July 2020

Diginex announces launch of EQUOS.io, first US-listed digital asset exchange

As US regulators warm to digital assets, Diginex capitalizes on the world’s most mature financial market by launching platform that allows crypto spot trading.

Why did SEC-sanctioned crypto companies receive PPP funds for Covid relief?

The $660 billion Paycheck Protection Program — intended to help America’s small businesses survive the pandemic — also gave financial aid to crypto firms accused of fraud, a Forkast.News investigation found.
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Why 10,000 Antminers disappeared from Bitmain-owned crypto mining farm

Latest salvo in Bitmain’s epic civil war: World’s largest crypto mining equipment maker accuses estranged co-founder of absconding with customers and a big chunk of the world’s hashing power.
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How Twitter hackers social-engineered their way into VIP accounts to shill for bitcoin

Twitter blames “social engineering” for attacks on the accounts of Joe Biden, Elon Musk, Bill Gates and Barack Obama. What really happened?

Bitmain drama escalates as co-founder registers new bank account, website

In this chapter in the saga of the troubled mining company, ousted co-founder Micree Zhan establishes new online presence
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Vast majority of China’s top fintech startups are exploring blockchain

SCMP’s China Internet Report 2020 shows healthy fundraising and investment activity in tech sector despite ravages of Covid and US-China trade war.

June 2020

Will the glare of Justin Sun blind the public to TRON 4.0?

Ahead of the revamped blockchain platform’s July 7 launch, TRON’s flamboyant founder woos fans with gifts. But some netizens find him hard to love.
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PayID wants to replace unwieldy SWIFT codes with an email-like address

Goodbye long routing numbers. Hello simple ID.

China uses blockchain to ease cross-border finance barriers in Greater Bay Area

Hong Kong, Macau and Guangdong have three legal and monetary systems. A new blockchain banking platform would unify the area into an economic hub.
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Ripple proposes framework for India to regulate crypto assets

White paper by global blockchain payment platform urges Indian lawmakers to make cryptocurrency legal while providing mechanisms to root out bad actors.

China’s ‘Gaokao’ college entrance exam may have a question on bitcoin mining

10 million Chinese high schoolers will soon take the equivalent of the SAT or A-Levels, and it looks like they better study up on how crypto gets made.
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Why China’s state media is rebuking Binance while lauding Huobi

Is it because Huobi has an in-house Communist Party relations office, while rival exchange Binance does not? Gather ’round for a Tale of the Two Cryptos.
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May 2020

Digital dollar advocates lay out path to a US CBDC

Digital Dollar Project’s new white paper proposes a ‘third format of currency’ that would be interchangeable with paper money while preserving privacy. Is America ready for a government crypto dollar?

Magic Leap’s demise is sucking life out of the augmented reality industry

The Covid-battered economy and Magic Leap’s woes are blowing headwinds at the nascent industry. But AR software, ads and mobile platforms offer hope.

April 2020

As China’s DCEP approaches launch, Facebook’s Libra pivots

This week has been one where big changes came fast and furious on the opposite sides of the central bank digital currency world.  First, alleged screenshots of a mockup of the People’s Bank of China central bank digital currency’s mobile app were published, giving the public a taste of the apparent functionality of the platform […]

Why Canaan’s red ink illustrates the big challenges now facing crypto mining

Aside from concerns about mismanagement, what else is causing Canaan to flounder? Forkast.News analyzes Canaan and the many storms — including the Covid economy and the next Bitcoin halving — now rocking the world of crypto mining.

VC deals are slowing in Covid-19 headwinds. Will we see bigger disruption?

Investment totals are down, but deals are still being inked and alternative fundraising methods are flourishing. What kind of investments will thrive? And which ones will likely flop?

Why South Korea’s new law against bitcoin and other crypto could damage its DeFi sector

The financial watchdog’s ruling would prevent cash from being loaned out for bitcoin and other cryptocurrency. Forkast.News analyzes its likely impact on the sector.

March 2020

Analysis: Are the ‘digital dollars’ in the $2 trillion stimulus plan the first step toward an American CBDC?

Coronavirus’ impact on the U.S. economy might hasten the creation of a digital dollar.

Is death of the STO an exaggeration – or market reality?

Despite all signs that interest just isn’t there for STOs, and ICOs are too tarnished by scams to be a legitimate investment vehicle, this investor thinks there’s life left in both.

Blockchain in telecom: ‘blockchain phones’ need to evolve to be taken seriously

In the third installment of this special three-part Forkast.News series, we look at some phones on the market that bill themselves as ‘blockchain’ but are only doing a disservice to the industry.

Blockchain and telecom: HTC’s blockchain phone isn’t what you think it is

Blockchain phones aren’t yet able to offer the ability to provide total security for your data.

February 2020

Here’s how blockchain can — and can’t — disrupt the world’s telecom industry

In this first article of a three-part Forkast.News series, we will examine how blockchain can — and can’t — disrupt the world’s telecom industry, and take a closer look at where efforts are falling flat.

‘Crypto Congressman’ ex Rep. Jason Hsu: Taiwan is losing momentum in blockchain

Taiwan’s cryptocurrency evangelist and former congressman says the island is falling behind in STO guidelines, fintech regulations and forming a tech hub.

November 2019

Binance’s corporate registration in China lapsed in 2018

The crypto exchange has a presence in China, but not an official registration.
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September 2019

Forkast Talks Tech | Agnostic Code and Cloud Storage: NEO is Accessible to Everyone, While Sharing Your Data With No One

NEO is a cross-platform, code-agnostic blockchain revolutionizing the sector starting with distributed storage. We sit down with Hongfei Da to chat about the technology and where it’s going.  In any sort enterprise deployment, or even in a software stack, different protocols and standards need to co-exist. One way to ensure this cross-compatibility is through APIs […]

June 2019

Innovation vs Conservatism: Taiwan’s Big Blockchain Conundrum

Taiwan is known as a hub for semiconductors and technology, but not finance. While neighboring Hong Kong has HSBC, and Singapore to its south has DBS, Taiwan’s financial sector — mighty on paper in its own right with approximately $1 trillion in financial assets on the books — lacks the global cachet of its neighbors. […]