Search results: Hong Kong

Digital currency efforts now mirror global economic rivalries, with China’s DCEP leading the pack. Central banks would be wise to avoid these pitfalls.

Other top news: Filecoin’s mainnet set to launch. Chinese banks help DCEP digital currency get market-ready. NetEase to preserve email forevermore.

The Chinese fintech giant rolls out its ‘Trusple’ platform for cross-border business uses, on the eve of an IPO anticipated to be the largest in the world.

Other top news: Ant Group launches blockchain platform for cross-border trade. China makes Beijing, Hunan and Anhui into special free trade zones.

Anonymous critics take to social media to claim that Babel is recklessly speculating with investor and client funds. The company denies wrongdoing.

In other news: Public gets sneak peek at China’s digital currency DCEP in flash testing. US-China trade war threatens SMIC and bitcoin mining.

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

From CryptoKitty pets to metaverses like Minecraft and Decentraland, blockchain video games are redefining what it means to own virtual property.

Also: Japan’s deputy PM Taro Aso urges greater blockchain cooperation. Inner Mongolia raises bitcoin mining costs. Fintech investments in S. Korea.

As mass demonstrations rock the world, technologies like blockchain, social media and AI are escalating unrest and state crackdowns to the next level.

Can blockchain stop the paid trolls, bot armies and floods of fake news that are subverting democracy through sites like Facebook?

Other top news: USPS explores blockchain for voting. Coinbase offers crypto loans. Huobi launches Global DeFi Alliance.

As China’s digital currency begins large-scale testing, business giants like Didi and Meituan appear to be signing on. What does China’s central bank say?

Other top news: China imposes standards for blockchain companies. Huobi launches digital asset custody business. Blockchain VC in the Middle East.

CFTC’s new plans for crypto regulations and OCC permitting banks to be crypto custodians could boost digital asset adoption. What’s next for FATF and SEC?

Covid-driven monetary policies are spurring growing investor interest in crypto assets and derivatives, says Richard Byworth, CEO of Diginex and EQUOS.io.

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.

Other top news: China’s BSN blockchain network expands global reach. US lets major banks act as crypto custodians. VC in India and Singapore.

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.

Other top news: InterContinental uses blockchain to prove hotel cleanliness. Beijing plans for blockchain in city services. VC in India and Israel.

Brian Behlendorf, a longtime open-source evangelist, discusses China’s adoption of Hyperledger Fabric for its Blockchain Service Network (BSN), blockchain trends to watch, and more.

While Asia is united in masking up, US and Europe remain fractured over face mask use. A viral immunologist and face mask expert explains the deadly consequences.

In this chapter in the saga of the troubled mining company, ousted co-founder Micree Zhan establishes new online presence

Other top news: US still dominates blockchain patents globally. First court case in China litigated with blockchain. VC in Indonesia and Singapore.

Will India ban crypto? Regulatory uncertainty is causing nation to miss out on economic benefits. Smart regulations, says Ripple, may provide a way forward.

While China is pushing more artificial intelligence surveillance technologies into law enforcement and everyday life, the US is having a rethink.

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.

Could robot nurses, drones, facial recognition and other AI artillery help us win the war against Covid-19?

What lies ahead for the global economy, US-China geopolitics, emerging markets and sectors like real estate in the next 5 years? GreaterX’s unique focus group — ‘from farmers to a billionaire’ — offers a crystal ball.

Other top news: Chinese high schoolers cram-studying bitcoin mining. Blockchain-powered lotteries in Cambodia. Startups in India, Singapore and UAE.

The rest of the world may worry over the new e-RMB and what it could do to the US dollar. But inside China, will yet another digital payment system even matter? Forkast.News finds out what the laobaixing think.

Other top blockchain news: China sounds new warning against crypto. Brave browser brouhaha. Startups in Japan and Malaysia.

Short-term speculators are unimpressed by BTC’s recent performance. But Covid and geopolitical disruptions have not yet played out. What does it mean for investors?

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

In an interview with Forkast.News, the billionaire venture capitalist also discusses globalism, regulatory arbitrage, the future of healthcare and why he thinks bitcoin is king.

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

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

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.

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

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?

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.

How are crypto companies complying with the travel rule, and what does it mean for decentralization and privacy? In a Forkast.News exclusive, industry experts analyze FATF’s impact on regulations around the world and what to expect next.

In this newsletter and podcast, we bring you top headlines around the world, including: A new proposal to create a digital dollar. Coinbase’s legal chief heading U.S. Treasury. A Bitcoin-Red Cross coronavirus fundraiser in Italy. Universal basic income’s revival. Steem’s hard fork into Hive, and more.

Coronavirus fears spread panic as well as infection. Face masks, hand washing and social isolation are best practices.

Robotics and blockchain will unleash massive job losses as workers struggle to adjust. Should society offer UBI to ease the economic pain?

What are the best face masks to wear to protect against Covid-19, and how to wear them? Which masks are the worst and could increase your risk of illness? A medical doctor and face mask researcher explains all.

Smart-contract platform Ethereum’s new version is set to operate on a Proof of Stake system that may be released in 2020 according to Andrew Keys, co-founder of ConsenSys Capital. Vitalik Buterin, co-founder of Ethereum explained that Ethereum 2.0 will provide added capacity for users through sharding and scaling, privacy features and more alongside the new Proof of Stake system.

In a 2019 speech, the visionary creator and co-founder of Ethereum describes Eth2’s launch in phases, including proof of stake, data sharding and scaling.

As bold-face names in entertainment and sports like PewDiePie, Manny Pacquiao and Spencer Dinwiddie dabble in blockchain technology, their use of cryptocurrency signal a growing shift toward grassroots financing and cutting out traditional middlemen. But some celebrities are finding a legal minefield.

Xiang Hu Bao policyholders use Alipay to claim a 100,000 yuan disbursement through a blockchain-powered system, demonstrating the technology’s potential in health care.

Distributed ledger technology could be used by front-line health care responders dealing with the coronavirus epidemic to submit information in real-time around the world regardless of censorship. HashLog, a dashboard designed to publicly track coronavirus developments via distributed public ledger Hedera Hashgraph, could mitigate political influence involved in spreading information, according to Hedera Hashgraph cofounder and CEO Mance Harmon.

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.

SIX Digital Exchange’s blockchain-based digital assets platform and distributed central securities depository are designed to democratize investment. The digital exchange platform is a subsidiary of leading Swiss stock exchange SIX.

Getting blockchain right is hard enough – not to mention building consortium, says Steve Cerveny, founder and CEO of Kaleido, a Consensys Enterprise Business that offers blockchain as a service.

Blockchain technology and digital assets have the potential to change the entire finance industry. These blockchain-powered payments networks enable cross-border payments to be hassle-free by having a standard set of technical specifications and standards – reducing confusion and ensuring that all members of the network have access to the same technology, says Ripple’s Navin Gupta.

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

The Fintech Advisory Services monthly report details the main crypto-metrics and indicators for the past month: News, Market Performance, Networks, Mining Activity, Public Sentiment, and Academic Publications. The report also covers the latest “Hot Topics” in the crypto space. This month: Facebook’s Libra, Telegram’s TON, China’s CBDC, and quantum computing.

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.

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.

Executive Summary It has been 40 years since Deng Xiaoping launched China’s Open Door Policy. By several metrics, China’s economic miracle has been extraordinary, with some 800 million people lifted out of poverty in just a few decades and the country playing a critical role in the global economy. But this growth was neither stable […]

Traders use commodity trading adviser funds to reduce risk of custody or money laundering, says Jan Brzezek, founder of Crypto Finance AG.

Using blockchain to handle patients’ data can lay the groundwork for genetic tests, telemedicine and AI.

Digital Asset aims to provide a uniform developer experience, regardless of the technology you’re using.

From supply chain to finance, implementation of the technology is building trust, efficiency and new opportunities.

Ethereum has amassed a nearly unbeatable network effect, but regulatory compliance is still a major hurdle.

“We want to keep at the forefront of the regulatory framework to make sure that what we’ve got is fit for purpose and works well for our stakeholders.”

Switzerland is positioning itself to become a crucial hub for the global blockchain industry as investment group Crypto Valley Venture Capital (CVVC) reports that the top 50 blockchain-related companies in the country are valued over US$40 billion in 2019. CVVC Founder and CEO Mathias Ruch told Forkast.News’ Editor-in-Chief Angie Lau that the country’s regulation and […]

Cloud-based messaging startup Symphony announced a partnership with Internet giant Tencent to integrate their services with WeChat, a massively popular messaging application in China. The California-based startup is aimed to serve professionals in the banking and investment industry, and is positioning itself to be a cheaper means of communication and information sharing than alternatives like […]

Speaking from the main stage of Hong Kong FinTech Week, Securities Futures Commission (“SFC”) CEO Ashley Alder said the SFC will publish a new regulatory framework that would allow it to regulate virtual asset trading platforms. In a highly anticipated keynote speech at Asia’s largest global financial technology conference, Alder noted the new regulations will […]

Hong Kong’s Securities and Futures Commission has announced that they will issue licensed for digital trading platforms in the city, a move which is sure to shake up financial services in Asia. Forkast.News’ Editor-in-Chief Angie Lau had a brief behind-the-scenes interview with Ashley Alder, CEO of the regulator moments before he made the announcement at […]

Forkast.Insights, the research vertical of Forkast.News, will be releasing the “China Blockchain Report” in its new report series about blockchain technology in countries around the world. The report, which has been months-in-the-making, will be released off the heels of Chinese President Xi Jinping’s recent endorsement of the need to accelerate the development of this technology […]

The increasing use of big data in the medical industry has left some concerned regarding their rights to privacy, though some companies are working on blockchain and cryptography applications to address the issues. California-based startup blockdoc is one such digital health and security company that is using advanced cryptography. Another is Blue Cross (Asia-Pacific) Insurance, […]