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Digital commerce leader ‘gravely concerned’ over U.S. losing edge in tech, global reserves

The Chamber of Digital Commerce is “gravely concerned” about how the U.S. Government is addressing technological challenges and opportunities posed by blockchain according to founder and president Perianne Boring. The U.S. could be ceding technological leadership as well as the dollar’s reserve currency status to other nations including China if it does not revamp policies toward emerging blockchain innovation.

Chainlink among top crypto performers in October—Fintech Advisory Services report

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.

How blockchain can save A.I.

There has been a resurgence of AI during the last five to six years.  I use the word resurgence because we have had previous eras when AI was seen as being imminent. Alan Turing devised the eponymous Turing Test in 1950 and brought mainstream attention to the possibility of machines that could think. The Dartmouth […]

A China central bank exec is leading a cryptocurrency course on app De Dao

Mu Changchun, the Deputy Director at the People’s Bank of China (PBOC), launched an online audio course about Libra and digital currency in a popular Chinese education app De Dao on August 4, 2019. It is not the first time Mu talked about Facebook’s cryptocurrency Libra and digital currency. After Facebook announced Libra in June […]

Creating a Decentralized Silicon Valley in Switzerland

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 […]

Forkast.Focus | HKFinTechWeek: SFC Aims to Regulate Digital Asset Trading Platforms

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 […]
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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 […]

WATCH: In Conversation with Emma Cui: Incubating Blockchain Startups Around the World

Blockchain-related startups have dealt with a fair share of challenges and skepticism, especially throughout a tumultuous year where volatility in cryptocurrencies has shaken people’s confidence in the industry. However, investment in blockchain projects has seen continued growth, and incubators like LongHash have sought to harness that potential. Forkast.News Editor-in-Chief Angie Lau sits down with Emma […]

Opinion | Brexit Uncertainty Triggers Forex Shifts

Facing mounting uncertainty surrounding Britain’s looming departure from the European Union, the British pound has experienced a period of considerable turbulence. As is commonplace with fiat currencies, political events often have a substantial impact on the value of the pound sterling (GBP). Recent developments in British politics are no exception. Recently on Sept. 24, the […]

How Catalonian Minister Jordi Puigneró is Using Blockchain to Change Governance

Catalonian Minister of Digital Technology and Policies Jordi Puigneró talks regulation, popular appeal, and what blockchain can do for a country. As a member of an elected public administration, Puigneró believes that he has the obligation to serve the people. In the case of blockchain, Puigneró expects that the technology will create a new class […]

Ethereum (ETHUSD) Daily MACD Trying to Positively Cross

Ethereum (ETHUSD) continued an ongoing bottoming effort this past week just below the psychologically key 200 whole figure level, trying to position for a more sustainable bounce as hinted by the bottomish weekly and daily RSI, Stochastics and MACD.  Nevertheless, before bulls get excited, most will want to first see ETHUSD reclaim the September high.  […]

Opinion | Why France Doesn’t Innovate and Probably Never Will

On Sept. 13, French Finance Minister Bruno Le Maire gave a rousing speech about innovation and technology at the OECD Global Blockchain Policy Forum in Paris.  It was a robust defense of the role of government not only in regulating and taxing technology, but having a strong say in how it is developed. Among the […]

Is the World Ready for a Federated Currency?

Incorruptible. Improved funds flow. Transparency and traceability. These are all promises of blockchain / digital technology to help the modern-day issues of cash-based economies. But should this responsibility be held by companies or governments? David Shrier, author of upcoming book from MIT Press in November 2019, “Trusted Data,” dives into the debate of a digital […]

Ethereum (ETHUSD) Weekly MACD Still Trying to Positively Cross

Ethereum (ETHUSD) slid this past week back below the psychologically key 200 whole figure level, but remains well positioned for a more sustainable bounce as hinted by the bottomish weekly and daily RSI, Stochastics, and MACD.  Nevertheless, before bulls get excited, most will want to first see ETHUSD reclaim the September high.  Any successful break […]

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 […]

Opinion | The Future of Money Isn’t Libra or Chinacoin, it’s Federated

Bank of England Governor Mark Carney recently called for a global digital currency, expressing a desire to move beyond the US dollar hegemony as the world’s reserve currency, but also avoid having another national currency, such as China’s renminbi (or their newly announced digital currency), replace it. While some might point to private sector initiatives such as Libra […]

Ethereum (ETHUSD) Weekly MACD Trying to Positively Cross

Ethereum (ETHUSD) bounced this past week back above the psychologically key 200 whole figure level.  Bulls are beginning to feel emboldened as seen by the bottomish weekly RSI, Stochastics and MACD, but should watch out for a bit more healthy profit-taking in the next day or so as hinted by the drooping daily equivalents.  Further […]

A Blockchain-Enabled SIM Card? How This Could Change Our Mobile Experience As We Know It

Distributed, Decentralized, Disintermediating While still in its infancy with regards to proven capabilities and real-life adoption, blockchain technology remains one of the looming threats for a lot of traditional business models. Its ability to directly connect third parties which can engage in exchanges of assets, data or sharing of resources, blockchain is seen as a […]

It’s All in the Nuance: French Blockchain Investor Translates Le Maire’s Libra Remarks

French Finance Minister Bruno Le Maire spoke at the Organization for Economic Co-operation and Development (OECD) Blockchain Policy Forum on September 12, 2019. He offered a spirited defense of French and European technology policies and spoke frankly about the deep difference in values over the regulation challenging French relations with the U.S. and China. In his […]

Bitcoin (BTCUSD) Testing 2 Month Plus Descending Triangle Resistance

Bitcoin (BTCUSD) continued consolidating this past week just above the psychologically key 10k whole figure level, and appears to be near completion of a descending triangle (on the daily and weekly chart).  The daily and weekly chart triangle can be described as being a part of a bull flag about to resume higher, with any […]

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 […]

What Regulators Think at OECD and Why it Matters; R3’s Regulatory Head Says Adoption Relies on Governments

What are the rules? For most blockchain companies and projects, the complex landscape of regulation and policy creates business risk, which impacts not only innovation but also ultimately, mainstream adoption.  But at OECD’s second Global Blockchain Policy Forum, regulators are increasingly becoming aware of the need for concerted efforts at every government and agency levels. […]

Bitcoin (BTCUSD) Still Consolidating Despite Weekly MACD Negative Cross

Bitcoin (BTCUSD) spent the past week back above the psychologically key 10k whole figure level, continuing an ongoing 2 month plus consolidation around 10k.  BTCUSD is increasingly close to resuming a bull flag (on its weekly and daily chart), with any resumption of the bull markets since the November low likely coinciding with Ripple (XRPUSD) […]

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 […]

Bitcoin (BTCUSD) Daily MACD Trying to Positively Cross

Bitcoin (BTCUSD) spent the past week continuing an ongoing 2 month plus consolidation around the psychologically key 10k whole figure level.  While bulls see BTCUSD resuming an upchannel or bull flag (on its weekly and daily chart), they should closely monitor Ripple (XRPUSD) and Ethereum (ETHUSD) in their ability to reclaim (after breaking several weeks […]

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 […]

READ: Asia Grabs Blockchain Lead From West?

Much has been made of the clear divergence between Asia’s embrace of blockchain innovation versus the West. But three seemingly disparate storylines this month suggest the gap might be widening as we speak. The first is South Korea creating a special enterprise zone for cryptocurrency trading and initial coin offerings. China’s fast-accelerating timetable for issuing its […]

Ethereum (ETHUSD) Daily Chart Descending Wedge Nearing Completion

Ethereum (ETHUSD) spent this past week just below the psychologically key 200 whole figure level.  Bulls should get reprieve any day though as hinted by the bottomish daily RSI, Stochastics and MACD, and the descending wedge nearing completion (on the daily chart).  The rally could quickly flatten the still slightly downsloping weekly Stochastics.  A decisive […]

LISTEN: Why Blockchain Compares to the Rise of the Internet, with Steven Nerayoff

Key Highlights Digital currencies on the blockchain can only go global if transactions can be expedited Mass adoption could yield micro-economies, where millions of public businesses could theoretically take off Blockchain technologies are in their infancy, but are projected to yield a 17 trillion-dollar economy when combined with AI and the Internet of Things In […]

WATCH: Why Blockchain Compares to the Rise of the Internet, with Steven Nerayoff

Key Highlights Digital currencies on the blockchain can only go global if transactions can be expedited Mass adoption could yield micro-economies, where millions of public businesses could theoretically take off Blockchain technologies are in their infancy, but are projected to yield a 17 trillion-dollar economy when combined with AI and the Internet of Things In […]

Bitcoin (BTCUSD) Continues 2 Month Consolidation Near Key 10k Level

Bitcoin (BTCUSD) has reclaimed the psychologically key 10k whole figure level (as part of its ongoing 2 month consolidation) after some profittaking last week.  While bulls see BTCUSD resuming an upchannel or bull flag (on its weekly and daily chart), they should closely monitor Ripple (XRPUSD) and Ethereum (ETHUSD) in their ability to reclaim (after […]

LISTEN: From Myanmar to South Korea: Breaking Down Blockchain’s Future in Asia with Paul Ulrich, GSMA

Key Highlights “For the blockchain technology itself, there’s universal acceptance. I haven’t come across one government either in person or having read about any that are at all negative about the underlying technology. They are ambivalent about a key application, which is financial cryptocurrencies, because of certain things that have happened over the last two […]

WATCH: From Myanmar to South Korea: Breaking Down Blockchain’s Future in Asia with Paul Ulrich, GSMA

Key Highlights “For the blockchain technology itself, there’s universal acceptance. I haven’t come across one government either in person or having read about any that are at all negative about the underlying technology. They are ambivalent about a key application, which is financial cryptocurrencies, because of certain things that have happened over the last two […]

Bitcoin (BTCUSD) Trying to Resume Rally Since December

Bitcoin (BTCUSD) pushed higher for the 2nd straight week last week as it appears close to completing its month plus consolidation, and resuming its uptrend since December.  Nevertheless, while bulls see BTCUSD resuming its upchannel or bull flag (on its weekly and daily chart), they should closely monitor Ripple (XRPUSD) and Ethereum (ETHUSD) as they […]

Bitcoin (BTCUSD) Month Plus Consolidation Nearing Completion

Bitcoin (BTCUSD) has decisively reclaimed the psychologically key 10k level in the past week and appears close to completing its month plus consolidation.  Significantly, BTCUSD is attempting to resume its upchannel or bull flag (on its weekly and daily chart), with broader crypto sector strength seen by the inability this past week of bears to […]

Bitcoin (BTCUSD) Retesting 4 Month Uptrend Support

Bitcoin (BTCUSD) appears to be struggling to find support after the Saturday plunge, but on the shorter 4hr timeframe chart (not shown) is showing tentative signs going into the European Sunday morning of bottoming.  BTCUSD’s break below upchannel support (on the weekly and arguably on the daily chart) seemingly suggests stronger selling this week, but […]

LISTEN: Government vs. Technology – Bitcoin.com CEO on Why Governments Fear Blockchain, the Threat That Regulators Pose, and the Likely Outcomes

Key Highlights “There is, from an enterprise standpoint, a desire to engage in this new technology and in this ability to move money globally without any barriers at a very efficient cost basis. Speed is what the market is looking for, particularly as we move towards a global organization. Governments are still trying to regulate […]

Government vs. Technology – Bitcoin.com CEO on Why Governments Fear Blockchain, the Threat That Regulators Pose, and the Likely Outcomes

Key Highlights “There is, from an enterprise standpoint, a desire to engage in this new technology and in this ability to move money globally without any barriers at a very efficient cost basis. Speed is what the market is looking for, particularly as we move towards a global organization. Governments are still trying to regulate […]

LISTEN: Why Blockchain is the Hot Topic at Asia’s Leading Event for Next-Gen Technology

It wasn’t even on the agenda last year. Ling Wu, Founder and CEO of TBCASoft, tells us why blockchain is taking the Shanghai Mobile World Congress 2019 by storm. Wu is the Chairman of the Carrier Blockchain Study Group (CBSG) Consortium, an initiative between TBCASoft and SoftBank to build a cross-carrier blockchain platform with leading global telecom operators. […]

Why Blockchain is the Hot Topic at Asia’s Leading Event for Next-Gen Technology

It wasn’t even on the agenda last year. Ling Wu, Founder and CEO of TBCASoft, tells us why blockchain is taking the Shanghai Mobile World Congress 2019 by storm. Wu is the Chairman of the Carrier Blockchain Study Group (CBSG) Consortium, an initiative between TBCASoft and SoftBank to build a cross-carrier blockchain platform with leading global telecom operators. […]

Bitcoin Consolidating Around Key 10k Level

Bitcoin (BTCUSD) has bounced back above 10k in the past few days after dipping below the psychologically key whole figure level last week.  Although the weekly RSI and Stochastics are turning down from overbought levels, which when combined with the weekly MACD trying to negatively cross seemingly suggest bearish momentum, any further downside this week […]