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Ep. 15 | Is China’s digital RMB ready for prime time? Making the case for a US CBDC. Blockchain comes to Minecraft.

More top news: China exploring blockchain to cure gaming addiction. LG joins Hedera Hashgraph. Startups in Japan, Singapore and the Philippines.

Contrarian wisdom on bitcoin mining. Also: how China’s DCEP could shake up the global financial system.

Adam Traidman of BRD discusses CBDCs in an age of intensifying US-China rivalries, and bitcoin halving’s surprising impact on crypto mining and profits.

China hopes its new digital currency will internationalize the RMB. When might that day come?

China’s new DCEP — the world’s first major central bank digital currency — just piloted in 4 cities. When it is ready for mass use, could it challenge the US dollar’s hegemony in global trade and finance?

What is China’s new CBDC, and what is it not?

The central bank’s cash-like DCEP sets the stage for China’s next-gen financial infrastructure. Will it threaten the US dollar’s global supremacy? A University of Chicago Booth professor explains.

Ep. 13 | Bitcoin bewitches JK Rowling. A Stellar start for Ukraine’s new CBDC. Investors drag Nvidia back to court over crypto sales.

Other top news: Fintech-friendly policies for Hong Kong-Shenzhen bay area. China makes blockchain jobs more respectable. VC in Singapore and S. Korea.

What does ‘universal basic income’ have to do with a digital dollar or a central bank digital currency?

Covid-19’s disruption of global economies could speed up changes to financial systems around the world. Will cash become obsolete?

Ep. 12 | Bitcoin halving elicits yawns. As China trials CBDC, Tim Draper predicts it will bomb. Is NEAR Ethereum’s new killer?

Other top news: TRON snags Covid aid. Free Telegram Open Network. China builds tech talent database. Bitmain’s civil war. Another win for Ripple.

China will soon have its first bachelor’s program in blockchain. Why isn’t the talent-starved industry more excited?

Blockchain education conundrum: China wants blockchain growth, but its tech labor supply “quality” falls short of high employer demands. A Forkast.News exclusive report on a new program in Chengdu and clues to what might be holding China back.

Ep. 11 | Crypto surges before bitcoin halving. China taps SenseTime for CBDC rollout. BitMEX shuts out Japan.

Other top news: IBM’s Covid medical supply network. China now has over 1,000 blockchain firms. Startups in Japan, India and Singapore.

How FATF’s anti-money laundering guidelines for cryptocurrency are putting the heat on banks and VASPs

David Jevans, CEO of CipherTrace, explains FATF’s global influence and recent enforcement actions that have proven to be expensive for those caught.

How IRS treats crypto staking: tax issues every crypto investor should know

Crypto tax expert Vamshi Vangapally explains the impact on coins like NEO, Stellar, VeChain, Ontology, Tezos and soon, ETH 2.0.

Ep. 9 | U.S. rethinks ‘digital dollar.’ China’s new national blockchain platform. Is Libra now a stronger rival to China’s CBDC?

Other top news: Bitcoin halving frenzy. New Huawei tech zone. Blockchain company busted for defective face masks. VC in Hong Kong and Canada.

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 […]

Ep. 8 | Reddit crypto awards, Ripple coupling with BoA, blockchain boozes up in China, and more

Also: Dozens of crypto firms sued in 11 class-action lawsuits. Bitcoin mining company Canaan bleeds red ink. Fintech funding in India, and more.

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.

Ep. 7 | Binance buys CoinMarketCap, Toilet Paper Token skunks Bitcoin, China pulls ahead in patent race, and more

Other top news: Blockchain in TV and film. Going Dutch on Covid. Nodle’s new network. BMW tracking auto parts. House rentals in new intelligent city

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.

How China hot-housed a new technology and 35,000 ‘blockchain’ companies bloomed

China is trying to grow its blockchain industry, but are all these startups for real? Forkast.News dives into the data to find the truth behind the numbers.

Asia has ‘crypto groove’ – and Korea’s mom and pop shops are helping lead the way

Asia’s blockchain and cryptocurrency projects have more vitality than other regions, says the chairman of the Cardano Foundation. But he also notes the variations within the region. How does Hong Kong differ from Vietnam and Singapore?

Ep. 3 | Top blockchain news on China, France and S. Korea – and a new Ethereum protocol. What’s next for India?

What’s up with South Korea’s new blockchain regulations? And where is bitcoin now legal tender? (Mai oui!) Other headlines around the world: a storm over STEEM, the new Baseline protocol for privacy, HTC’s Exodus 5G Hub, and how the coronavirus has affected blockchain firms in China.

India crypto leader calls Supreme Court victory against central bank ‘game changer’ for industry

India’s crypto sector saw a major boost after its Supreme Court ruled to lift a ban on crypto trading, paving the way for more blockchain development.

IRS crypto summit airs many questions

Specific identification, hard forks and mainstream use: U.S. crypto investors are scrambling to figure out how new guidelines will affect their tax returns.
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Crypto has the potential to revitalize India’s economy

The uncertain legal status of cryptocurrencies is under the microscope in India.

‘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.

Will China’s digital currency or Facebook’s Libra challenge Ripple’s cross-border money transfers?

As China, Singapore, Canada and other countries develop digital currencies in part to facilitate cross-border transactions, Ripple’s managing director of South Asia and EMEA Navin Gupta said these currencies would primarily only be used domestically.

After China’s digital currency, Indonesia may blueprint its own in 2020

As China’s digital currency is said to be “progressing smoothly,” Indonesia is also working on releasing their own white paper this year, according to Indonesian Blockchain Association cofounder Pandu Sastrowardoyo.

China’s blockchain education shortage curbs its global ambitions

Universities simply haven’t caught on to the need for blockchain education as they grapple with teaching other emerging technologies, such as big data or AI.

China’s blockchain vision focuses on efficiency, not cryptocurrency

The Chinese government has identified blockchain technology development as an issue of national importance, along with other emerging technologies such as AI, deep learning and IoT. President Xi Jinping has outlined the importance of blockchain technology to China’s industrial maturity, urging continued development so China can lead the way in defining international standards.

Inside China’s vision to globalize its currency

The central bank’s digital currency efforts, ironically, would give it more control over the economy.

China’s blockchain talent is driving an investment boom

Investment in Chinese blockchain projects reached USD$367.7 million in the first half of 2019. Blockchain Global CEO Sam Lee says Baidu, Alibaba and Tencent have fueled a breadth of tech talent.

Will China’s digital currency disrupt remittances? Not so fast, says TransferWise’s CEO

The PBOC’s new token could wipe out the need for remittance services like TransferWise. But if the eurozone is any foreshadowing, uniting several countries with a single currency is a complicated endeavor.

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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In Conversation with Da Hongfei, Neo: China-Born Digital Asset Protocol

Chinese blockchain companies received a substantial windfall following President Xi Jinping’s bullish support for the development of the technology, and Shanghai-based Neo was one such enterprise. Forkast.News Editor-in-Chief Angie Lau sits down with Da Hongfei, Co-Founder of Neo to find out about the technology and how it will affect various industries in China. Key Highlights […]

WATCH: How Cryptocurrencies are Becoming an Asset Class: Marc P. Bernegger, Crypto Finance

Cryptocurrencies have become a new target for investors shying away from politically volatile alternatives. As an on-going trade war between the United States and China and the U.K.’s exit from the European Union threatens the stability of conventional markets, more and more traditional investment entities have started experimenting with decentralized assets. Forkast.News’ Editor-in-Chief Angie Lau […]

Opinion | China Moving Full Speed Ahead with Digital Currency and Regulating Blockchain

While many other countries have been taking a back seat and waiting to decide how exactly they should approach blockchain technology, China has been proactively exploring its application in decentralized finance. This week China announced a certification system to regulate a broad range of fintech products. China is clearly priming itself to become a leader […]

In Conversation with Vitalik Buterin, Co-Founder of Ethereum: On Eth 2.0, Finance, and China

With Ethereum 2.0’s release just around the corner, co-founder Vitalik Buterin has been busy talking about what to expect from the new system and its use of proof-of-stake validation. Ethereum 2.0 is meant to address a number of issues that the current system has. It is billed as improving scaling, security, and other issues in […]

Making it Rain in Bahrain – Joseph Dallago talks Cryptocurrency in the Middle East

What is the world of cryptocurrency like in the Middle East? How does it differ from other markets, and what challenges and opportunities arise from dealing with the industry in that region? Forkast.News Editor-in-Chief Angie Lau sits down with Joseph Dallago, Co-Founder and CEO of Rain, the first Bahrain-based digital currency exchange, in order to […]

Who Will Win the Race to Rule Crypto Payments?

For many people, cryptocurrencies remain an abstract idea removed from everyday life. Most people aren’t even aware of the technology. But one application that can push cryptocurrencies into the mainstream is payments. Making it easy and safe for consumers and businesses to pay bills, buy and sell stuff, and deposit and withdraw funds offer significant […]

WATCH: Why is China’s Central Bank Launching a Digital Currency? Chicago Booth Economist Explains the Impact

Key Highlights “[A central bank’s digital currency is] a huge database using the hash function, chain technology. There’s no distributed ledger portal.” “[The People’s Bank of China] have been working on CBDC for about four years now.” “One of the areas where I really think blockchain could help is on trade finance. When I say […]

LISTEN: South Korea, China, and Japan — Bold Moves Ahead for Blockchain Acceptance?

Listen to the podcast Full Transcript Angie Lau: Welcome to Word on the Block, the series that takes a deeper dive into the topics we cover right here on Forkast.News. I’m Editor-in-Chief Angie Lau and today we dive into what many are seeing emerging in blockchain, that Asia could soon be taking the lead from […]

BOE Governor Says Global Digital Currency Should Replace the US Dollar – Rabobank’s Michael Every Breaks It Down

In this last week, Bank of England Governor Mark Carney made waves in the crypto industry by espousing, as a pillar of traditional banking, an alternative to the very system he heads. At a speech in the U.S., Carney put forward the idea of a “synthetic hegemony currency” – in other words, a central bank-banked […]

LISTEN: Pegging Cryptocurrency to the Global Economy Growth?

Key Highlights There is a huge demand [for stablecoins] out there. When we look at the global economy, we’re suffering as a result of the US-China trade wars. The trade fluctuations this year have been defined by this growing tension between the US and China. Stablecoins are something that people inevitably will look at. We’ve […]

Opinion | Rising U.S.-China Trade War Tensions Highlight Need for a Viable Stablecoin

In the midst of rising U.S.-China trade war tensions over sanctions against Iranian oil, investors are likely to look to bitcoin and other cryptos as alternative options to traditional stocks and other fiat-driven investments. While uncertainty in traditional markets has benefited the crypto market, volatility remains a substantive issue for investors seeking long-term price stability. […]

Blockchain Adoption Starts with Gamification — Yat Siu, Animoca Brands, on the Future of Crypto

Key Highlights “So, right now, I look at the state of blockchain very similar to Internet in ’96 and ’97… And so I think at this point, but much like Internet in ’96 and ’97, blockchain is a word you’ve heard. It’s something you know. Everyone’s talking about it in the context of the future, […]

LISTEN: U.S., Lithuania, and International Regulators Discuss the Potential and Need for Cooperation in Governing Cryptocurrency (Part II)

Key Highlights The inherent differences in policy that result from country-specific priorities and demands lead to opportunities for arbitrage across borders. It is in the interest of all parties involved to prevent this from happening, even if that means compromising on certain rules. The input of drastically different nations on their experiences with regulating cryptocurrency […]

WATCH: U.S., Lithuania, and International Regulators Discuss the Potential and Need for Cooperation in Governing Cryptocurrency (Part II)

Key Highlights The inherent differences in policy that result from country-specific priorities and demands lead to opportunities for arbitrage across borders. It is in the interest of all parties involved to prevent this from happening, even if that means compromising on certain rules. The input of drastically different nations on their experiences with regulating cryptocurrency […]

Paris Blockchain Week Summit (Part I) — Leading Financial Regulators Shed Light on the Universal Struggle to Regulate Cryptocurrency

Key Highlights From a regulatory standpoint, there is ample reason for governments and institutions to be interested in the cryptosphere. Giles Ward references how it stands to pose “investor protection and market integrity risks.” Marius Jurgilas, Board Member of the Bank of Lithuania, thinks about the potential for blockchain technology to be used in the […]

The Status of Blockchain in Asia, From “China Internet Report” Author, Edith Yeung

Is Asia gaining ground in the technology race? Edith Yeung, advisor at 500 Startups, partner at Proof of Capital, and author of “China Internet Report” (link to new 2019 report below) shares why Asia is the place to be for blockchain adoption. For a VC who spends half her time in Silicon Valley, she recognizes […]

Why AAX Built a Crypto Exchange with London Stock Exchange Technology

Forkast.News Editor-in-Chief Angie Lau sits down with Peter Lin, CEO of AAX at the Mobile World Congress in Shanghai for this episode of “In Conversation With” Lin is about to launch a new digital asset exchange using London Stock Exchange trade-matching technology to provide an institutional grade platform to attract investments from hedge funds and […]

Capital Flees Crisis Hit Hong Kong, Crypto Among Safe Havens

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, […]

Can Cryptocurrencies Restore Japan’s Former Economic Glory?

Key Highlights Introducing digital currencies would allow countries like Japan to incentivize economic behavior, such as putting greater spending power in peoples’ hands Japan’s demographics make it an interesting test case: given its shrinking population and risk-averse culture, what is the balance between harnessing innovative technology like blockchain? Japan currently taxes cryptocurrency gains at 55% […]

Investors May Flock to Crypto as Central Banks Back Off Interest Rate Hikes

For investors, risk assets appear more attractive, at least in the near-term, as global central banks walk back plans to raise interest rates. The Federal Reserve’s dovish pivot in recent months has fueled a rebound in stocks. Although some people remain skeptical of the recent rally, investors don’t seem to have many alternatives given the […]

USDT rises as money laundering tool in SEA, UN says

A UN report reveals USDT’s growing role in money laundering and underground banking in Southeast Asia

How ancient battles are shaping our global financial future

Our 21st century economy still rides on old, slow and costly financial rails. Here’s how blockchain technology can build a network of monetary superhighways.

Is Hong Kong really in the forefront of the global digital money race?

Hong Kong is charging ahead in its digital currency initiatives, but more must be done to address the e-HKD’s environmental impact and security concerns.

SBF trial drama fails to dampen Bitcoin’s meteoric October

Top blockchain and crypto news: Bankman-Fried’s memory lapses, betting on the return of NFTs, ETF dreams and Bitcoin’s Uptober

Standard Chartered’s Zodia Custody to launch in Hong Kong

The move is part of an Asia Pacific expansion effort by the cryptocurrency custodian.

Web2 social media is in a race to the bottom. Web3 can do better

Platforms like Facebook, Reddit and the hot mess formerly known as Twitter are alienating users like never before. ‘Web3 doesn’t let you be a dick and get away with it,’ writes Joonatan Lintala, CEO of Phaver.

Bitcoin, Ether tread water; U.S. equities slide with mega-cap tech giants leading the declines

Bitcoin dipped on Wednesday morning in Asia to trade range-bound below US$26,300. Ether edged higher but failed to reclaim the US$1,600 mark.

Bitcoin, Ether flat; MicroStrategy adds to Bitcoin holdings

Bitcoin traded flat below US$26,300 Tuesday morning in Asia. Ether edged up but remained below the US$1,600 mark.

Matic biggest loser among top 10; Bitcoin falls, Ether dips below US$1,600 

Matic was the biggest loser in the top 10 cryptocurrencies by market capitalization, falling alongside most other cryptos and with Ether falling below US$1,600. Despite Bitcoin’s sluggish price action, industry experts say that institutions continue adopting the world’s first cryptocurrency.  See related article: Weekly Market Wrap: Deutsche Bank’s crypto move propels Bitcoin to US$26,750 MATIC […]

US SEC to tighten regulatory enforcement beyond Coinbase, Binance.US

Top blockchain and crypto news: U.S. SEC steps up regulatory enforcement. Gaming giant Zynga moves into NFTs. Woes ahead for JPEX exchange after HK arrests.

Bitcoin trades above US$27,000; Toncoin extends rally

Bitcoin rose on Wednesday morning in Asia to trade above US$27,200. Ether remained flat at around US$1,640. All other top 10 non-stablecoin tokens logged gains.

US legislators to discuss CBDC prevention bill on Sept. 20

The U.S. House Financial Services Committee announced last Friday that it will discuss a new bill to prevent the issuance of a CBDC.

Bitcoin, Ether flat; altcoins drop amid FTX liquidation

Bitcoin dipped on Monday morning in Asia to trade at around US$26,500. Ether also moved lower but held the US$1,600 support level.

Binance.US CEO calls it quits amid major layoffs

Top blockchain and crypto news: Binance.US undergoes staffing shakeup. Ethereum NFTs at risk. India to take a stand on crypto.

Bitcoin back above US$26,000 after CPI release

Bitcoin rose on Thursday morning in Asia to trade above US$26,000. Ether also rose to reclaim US$1,600. All other top 10 non-stablecoin tokens moved up.

Bitcoin, Ether bounce back; altcoins recover after FTX panic

Bitcoin rose on Wednesday morning in Asia to near US$26,000. Ether also bounced back to near US$1,600. All other top 10 non-stablecoin tokens logged gains.

Bitcoin, Ether continue to slide; altcoins under pressure

Bitcoin remained under US$26,000 and Ether dropped below US$1,600 in Tuesday afternoon trade in Asia.

Bitcoin, Ether lose key support levels; altcoins slide amid FTX liquidation woes

Bitcoin fell on Tuesday morning in Asia to hover above US$25,000 after briefly losing the key support level. Ether also slid to lose control of US$1,600.

Bitcoin starts week below US$26,000; Ether dips after hack on Vitalik Buterin’s X account; more rate hike worries on Wall Street

There was red ink across the crypto market Monday morning in Asia as Bitcoin dipped below US$26,000. Ether also fell to near the US$16,000 mark.

Bitcoin above US$26,000; JP Morgan working on blockchain payment system

Bitcoin rose Friday morning in Asia to above US$26,000, leading a rally across most top 10 cryptos. Ether gained but was still below US$1,650.