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Forkast.News is a digital media platform that covers stories about emerging technology at the intersection of business, economy and politics. From Asia, to the world.
Regulation
Facebook’s proposed cryptocurrency faced strong political headwinds from U.S. lawmakers. Democratic Rep. Maxine Waters, chair of the House Financial Services Committee, demanded Facebook stop development of Libra, the cryptocurrency the company unveiled on Tuesday. “Given the company’s troubled past, I am requesting that Facebook agree to a moratorium on any movement forward on developing a […]
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Advanced Blockchain Technologies
Armonk, NY — IBM, KPMG, Merck, and Walmart have been picked by the United States Food and Drug Administration to develop a blockchain system to improve drug safety. The four corporate giants will work together on a solution to track and trace some prescription medicines and vaccines as they move through the supply chain. Each company […]
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Altcoins
Facebook today unveiled its long rumored cryptocurrency, which will be known as Libra, and you won’t need a Facebook account to use it. That’s because Facebook says it wants to help those without bank accounts. “Libra holds the potential to provide billions of people around the world with access to a more inclusive, more open […]
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Bitcoin News
Hong Kong – The fallout from a controversial extradition bill proposed by Hong Kong’s pro-China Chief Executive Carrie Lam has reportedly triggered capital flight and Bitcoin trading at a premium in the city. Massive demonstrations against the bill, including one that saw an estimated 2 million of Hong Kong’s 7.5 million people march on Sunday, […]
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Advanced Blockchain Technologies
Calgary — The Southern Alberta Institute of Technology (SAIT) will be the first post-secondary institution in Canada to issue digital diplomas through blockchain. More than 4,800 graduating students in SAIT’s Class of 2019 will receive blockchain-based documents along with their traditional parchments. Fittingly, the idea was inspired by a group of students. “Last year we […]
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Advanced Blockchain Technologies
Legal & General, Britain’s largest manager of corporate pensions, today announced the launch of the first reinsurance platform driven by blockchain. Known as ‘estua-re,’ it will initially be used to handle bulk annuities, which involve L&G taking over companies’ defined benefit or final salary pension schemes. “We believe that blockchain is uniquely suited to the […]
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Advanced Blockchain Technologies
SAN FRANCISCO — Credit card giant Visa has launched its blockchain-powered business-to-business payments service B2B Connect. B2B Connect can now be used by businesses seeking to make payments to 30 markets, with 90 more expected to be added by the end of this year. To start, it’s available for B2B transactions of $15,000 and up, which […]
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Blockchain Security
Washington, DC — The National Archives and Records Administration (NARA), the agency tasked with preserving the U.S. government’s colossal archive of historical records, wants to use more blockchain. Of immediate interest to NARA, verifying tamper-free versions of documents to guard against deep-fake videos, which are created by machine-learning algorithms that can manipulate images and audio […]
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Advanced Blockchain Technologies
Minneapolis, MN – The world’s biggest brewer is increasing its stake in a blockchain trailblazer helping some of the world’s smallest businesses. Anheuser-Busch InBev announced today it boosted its Series A investment in Minnesota-based BanQu (pronounced Bank-You), a blockchain startup working to help entrepreneurs and small-business owners, most in the Third World. Exact terms of […]
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Bitcoin News
LISBON — Portuguese champions Benfica are the first major European football team to accept cryptocurrency. Fans can now use crypto to purchase tickets and merchandise directly from the club. “We recognize that many of our supporters are now digital users first, so we want to be ahead of the curve when it comes to adopting […]
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