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How blockchain technology is revolutionizing KYC in financial services

‘Know your customer’ is key to anti-money laundering efforts. Isabelle Corbett of R3 explains why blockchain is uniquely suited for KYC/AML.

Privacy coin Monero surges as US and Australia target crypto gains

Privacy-centric coins like Monero, ZCash and Dash are seeing big price rises as the IRS and ATO issue warnings on taxable crypto transactions.

Ethereum 2 to set green future; Koreans demand regulator steps down | The Daily Forkast

Vitalik Buterin sets a green future for the Ethereum network while Bitdeer becomes the latest to block Chinese miners.

Polygon and Aleph.im partner to protect NFTs from disappearing

Fast-growing Ethereum scaling platform Polygon and decentralized storage network Aleph.im join forces to ‘supercharge’ Polygon’s NFT ecosystem.

SpaceChain to send blockchain technology into orbit in Ethereum first

SpaceChain, a Singapore-based startup that focuses on the integration of blockchain with space technology, will be launching two missions to space next month to deploy decentralized satellite infrastructure and multi-signature services for its corporate customers.

Over 800 limited edition Star Wars collectibles in NFTs

Do you want to own a piece of Hollywood history? More than 800 limited edition collectibles from one of the most storied movie franchises in history are now up for auction in the Starcoll NFT marketplace beginning Tuesday (May 4), Starcoll announced on its website. “Over 800+ limited edition Star Wars collectible will be released […]

The NFT revolution is underway, and here’s what our future will look like

More than selling art and basketball mementos in a new way, NFTs can also transform copyright enforcement, royalties, real estate and financial markets.

Korean crypto advocates cry foul and demand FSC chair’s resignation

Angered by cryptocurrency tax laws and a government official’s remarks on crypto investing, over 51,000 South Koreans are trying to push back via petitions.
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Why new SEC chief Gary Gensler may be Biden’s gift to crypto industry

Are digital assets securities or commodities? Outdated laws offer no clarity, but US is now poised to reform blockchain regulations and lead world by example.
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NEM launches Symbol blockchain and XYM crypto for new token economy

NEM’s Symbol blockchain will be interoperable, enable NFTs and allow assets like whiskey to be tokenized for investing. What will happen to XEM and NIS1?

Guide to tokens and NFTs: what is ‘tokenization’ and how does it work?

What do tokenized securities and Jack Dorsey’s NFT tweet have in common? In this Forkast.News explainer, learn how crypto tokens are changing the world.

Want in on bitcoin? Here are 5 things new crypto investor must know

If you’re wondering how to get started in investing in bitcoin or other cryptocurrency, this Forkast.News guide is for you. But beware the risks and pitfalls.

Cardano’s Hoskinson wants to win over Fortune 500 companies

Comparing countries like Ethiopia to ‘China in the 80s,’ Charles Hoskinson of IOHK explains Cardano’s Africa strategy and why the Fortune 500 needs crypto.

Bitcoin and ethereum prices roar into new year. Ripple XRP fans petition White House for mercy from SEC charges.

Other top blockchain and cryptocurrency news: China intensifies DCEP digital currency testing while Russia, Ukraine and Turkey join global CBDC race.

SpaceChain’s Zee Zheng on bitcoin going mainstream and blockchain in space

In this edition of Forkast Forecasts, SpaceChain’s CEO offers his predictions for 2021 on bitcoin’s growing importance and blockchain in space.

Bitcoin surges past $21,000 after more big investors buy in. Singapore’s DBS bank backs crypto exchange. Will Sweden switch to CBDC?

Other top blockchain and cryptocurrency news: Fine art goes digital with NFTs. Hong Kong in talks to pilot test China’s DCEP digital yuan.

Why DeFi needs better KYC to curb money laundering

Despite anti-money laundering (AML) laws, many DeFi sites have weak know-your-customer practices. Experts point to BitMEX as a cautionary tale.

The best of Ethereum 2.0 is yet to come, says Infura GM

Ethereum 2.0 has transformed to proof of stake via its new Beacon Chain. When will Eth2 have sharding, smart contracts and more features?

How blockchain can launch more space industry startups into orbit

As space becomes increasingly commercialized, blockchain has the potential to be the backbone of this new economic frontier, says Jeff Garzik of SpaceChain.

Ep. 36 | Bitcoin prices rise on PayPal cryptocurrency news. US wary of CBDC as China enacts digital currency law for DCEP rollout.

Other top crypto and blockchain news: USDC stablecoin coming to Solana blockchain. Investing in KYC/AML in India.

Blockchain is shooting for the stars in the new Space Age

In the first of a special two-part series, Forkast.News examines how blockchain — from smart contracts to crowdfunding missions — could transform public and private ventures in outer space.

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.

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?

Hyperledger is helping create ‘blockchain with Chinese characteristics’

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.

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.

Ep. 14 | Was that Satoshi? TRON 4.0 gets lukewarm reception. Blockchain Bill of Rights.

More top news: China pours billions into blockchain and other infrastructure. Ant Financial’s new smart contracts. VC in Singapore and India.

What is ‘proof of work’ and how does that affect Bitcoin halving?

Forkast.News explains ‘proof of work’ — the DNA of Bitcoin — and and why most of the world’s cryptocurrency miners will soon be sweating a lot more for their coins.

Ep. 5 | U.S. weighs digital dollar, Coinbase top lawyer joins Treasury, and more

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.

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.

Switzerland is a blockchain haven, but government lags behind, says Trust Square CEO

Although Switzerland’s Crypto Valley may seek to become a global blockchain hub, its government is too slow to adopt the technology even as Facebook’s Libra incorporates in the country, according to Trust Square cofounder Daniel Gasteiger.

Explaining Blockchain to Unwilling Enterprises: Accenture’s David Treat

As the Managing Director, Global Blockchain Lead at consulting firm Accenture, David Treat spends his days engaging with enterprise leaders across various industries about blockchain, from understanding the topic until implementation. Forkast.News spoke with Treat on the sidelines of OECD Global Blockchain Policy Forum to find out how these conversations play out, and how Treat […]

China Telecom Introduces its Blockchain SIM Card Project

In anticipation of China Telecom’s new blockchain SIM card project, Director of its Blockchain Research and Development Departments, David Wei Liang, peaks to Angie Lau, Editor-in-Chief of Forkast.News, about the reasoning behind embarking on the project, the product’s uses and implications, and the timeline of its adoption. The time is ripe for telecom companies to […]

WATCH: OECD: The Next Big Thing — Major Developments in DLT from Industry & Governments in the Year Ahead

To celebrate the end of 2020, here is a Forkast.News editor favorite from our archives — a story that still rings fresh, true and — in a world now measured in nanoseconds — timeless. What is holding back mainstream adoption? What role do governments need or want to play? The Next Big Thing plenary panel […]

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 […]

Opinion | You Do Not Need Blockchain: Eight Popular Use Cases And Why They Do Not Work

Blockchain applications have been a highly debatable topic since the rise of Bitcoin and later Ethereum. Opinions vary from “blockchain will solve most of humanity’s problems” to “this technology works only for money” and even “it is useless”. I’ve been working in the industry since 2017 and have seen and analyzed many blockchain use cases. […]

QuadrigaCX CEO Dies, Customers Can’t Get Funds: What You Need to Know

Edited June 23, 2019 Key Highlights Dec. 9, 2018 — Gerald Cotten QuadrigaCX CEO dies of complications from Crohn’s disease while in India. Dec. 10, 2018 — Jaipur Police release NOC (No Objection Certificate) to Cotten’s widow, allowing her to return to Canada with the body of her husband. Jan. 2019 — QuadrigaCX announces CEO’s death. It […]