China’s top economic planning body has officially designated crypto mining as “obsolete,” reinforcing government efforts to stamp out the industry entirely. Fast facts
Federal Reserve Chairman Jerome Powell will reiterate his pledge to prevent entrenched inflation, in testimony released before his Senate nomination hearing on Tuesday. Fast facts “We will use our tools to support the economy and a strong labor market and to prevent higher inflation from becoming entrenched,” he said in a statement prepared for delivery. […]
The CFTC is asserting greater regulatory powers over the crypto industry than ever before. But does the agency have the statutory backing to do so?
Limited restoration of internet access in Kazakhstan is not enough to bring the world’s second-largest crypto mining hub back fully online, according to internet tracker NetBlocks. Fast facts Last week, internet access in the central Asian nation was shut off after protests over fuel prices spread across the country, resulting in more than 100 deaths […]
Payments giant PayPal confirmed it is exploring its own stablecoin after evidence of such a project was found in its iPhone app’s code. Fast facts “We are exploring a stablecoin; if and when we seek to move forward we will of course, work closely with relevant regulators,” PayPal’s Senior Vice President of Crypto and Digital […]
How has layer-2 innovation saved Bitcoin from becoming a victim of its own success? Blockstream chief Adam Back explains.
What’s behind the crypto cheerleading by U.S. mayors? Are their city coins savvy moves — or will the bespoke crypto end up worthless?
In a special Q&A, a core contributor to the rapidly expanding Cosmos ecosystem discusses the ‘internet of blockchains’ and the new cross-chain economy.
Traditional equities and global markets are due for a correction. Valkyrie CEO Leah Wald wonders whether Bitcoin would hold strong in a global sell-off.
Gaming metaverse the Sandbox announced the partners for its upcoming Hong Kong-influenced virtual cultural hub.
The US tech giant will pour $40M via private placement in Ennoconn, as the iPhone supplier continues to dream big for metaverse.
Bitcoin hashrates tumble as miners unprepared for an outage, experts say.
Bearish concerns over Federal Reserve rate hikes show a continued correlation with traditional markets, but industry watchers see changing dynamics at play.
The ability to display, buy and even mint NFTs is seeping into mainstream products from South Korea’s largest corporations.
Christopher Giancarlo, AKA CryptoDad, expects legislators to get comfortable with crypto in 2022 and take a progressive approach to regulation
Some of India’s largest crypto exchanges, including WazirX, blame ambiguity in the regulation of cryptocurrencies for missed tax payments.
But e-CNY adoption remains an issue, with mobile payment platforms such as Alipay and WeChat Pay already ubiquitous.
Top blockchain and crypto news: CBDCs at the crossroads. A token gesture from Samsung. NFTs survive in China.
Chinese cryptocurrency mining rig maker Canaan announced Tuesday that it has entered into multiple partnerships in Kazakhstan and deployed over 10,000 mining machines in the country, as the company steps up efforts to expand globally. Fast facts Canaan said in a statement it has successfully launched the last batch of mining machines online under its […]
Goldman Sachs, one of the world’s largest banks, joins the list of analysts predicting the price of Bitcoin could reach US$100,000, according to a report by Bloomberg. Fast facts According to Goldman Sachs estimates, Bitcoin’s float-adjusted market capitalization is just shy of US$700 billion, which accounts for a 20% share of the “store of value” […]
The crypto market leaders are trading sideways so far in the new year. But NFT trading volume has exploded, with strong Q1 performance expected.
Cryptocurrency is fueling crimes like malicious mining and ransomware attacks, writes Andrew Brandt of Sophos. What can a company do to protect itself?
In South Korea, a new presidential administration will be chosen in March. Here’s where the four major candidates stand on Korea’s booming virtual asset space.
Rachel Mayers sees corporate and institutional interest in crypto and blockchain create an explosion in use cases and a whole new way of demonstrating consumer loyalty.
Guangxi, China’s southern provincial-level region, is researching cross-border finance, supply-chain service platforms and e-CNY applications, according to a report by local state-run media Guangxi Daily. Fast facts The Guangxi autonomous region — often seen as a gateway for Association of Southeast Asian Nations (ASEAN) trade — plans to support cross-border circulation of capital, according to the […]
Today’s consumers are looking for more equitable financial services, writes Sean Rach of hi. Here’s how blockchain can offer a nonprofit banking alternative.
NFTs are finding novel uses across many sectors, from fashion to real estate. What industries stand to benefit most from this technology in the year ahead?
In South Korea, virtual asset investors with more than 500 million Korean won, or approximately US$418,935, worth of crypto assets in overseas accounts must report to their regional tax authorities beginning in 2023. Fast facts According to a new year guidebook by the Ministry of Economy and Finance, any resident or domestic corporation with overseas […]
The world’s largest crypto exchange continues struggling to stay compliant, but it has seen some luck in the Middle East.
2021 was a big year for crypto. As we enter a new year, Forkast.News asks market watchers what might be in store for the next 12 months.
Yosuke Matsuda, president of Square Enix — the game developer behind Final Fantasy, Dragon Quest and Kingdom Hearts — recently reiterated the company’s blockchain ambitions while acknowledging ongoing concerns about the new trend. Fast facts In a new year’s letter posted on the company website, Matsuda emphasized that incorporating blockchain technology into gaming holds “the […]
Aventus CEO Alan Vey also predicts the decentralized finance rally is just getting started. Which blockchains does he see growing massively in the new year?
Perianne Boring of the Chamber of Digital Commerce sees agencies elbowing each other to oversee the crypto industry while investors start to pay big taxes.
A regulatory hurricane swept away half of South Korea’s crypto exchanges in 2021. Who are the survivors — and are there larger lessons for the rest of the world?
It’s a myth that crypto transactions are anonymous, writes Warren Paul Anderson of Discreet Labs. Confusing anonymity with privacy is what causes trouble.
Countries acted to encourage — or discourage — cryptocurrency and other blockchain-based assets, sending markets wildly up and down.
The years of investment and development in NFTs and the metaverse will bear fruit in 2022, according to Cryptoslam CEO Randy Wasinger.
Ethereum was game-chaging at its 2015 launch, but today it’s showing its age. As Eth2 upgrades slowly unfold, who are the top rivals trying elbow out the #2 blockchain?
In December 2020, Stefan Rust successfully predicted a ‘Cambrian Explosion’ of crypto tokens. Now he says 2022 will be when the crypto markets will be ‘flooring out.’
2021 will go down as the year the DeFi giant woke up, writes Derek Alia of Futureswap. What lies in store for decentralized finance in the year to come?
While China made a big moves in banning crypto this year, US lawmakers appear to be warming up to the industry, setting the stage for next year.
Bitcoin adoption soared in 2021 with El Salvador’s currency experiment with the help of the layer-2 scalers. Will Lightning strike twice in 2022?
Alex Tapscott of Ninepoint Partners also shares with Forkast.News his predictions for stablecoins and NFTs in 2022.
China prepares to show off its tech innovation muscles at the Beijing Winter Olympics as it unveils some unusual-looking wallets for its new digital yuan.
Dennis Delgado, co-founder of a blockchain developer for supply chain management sees an explosion in new blockchains in 2022 for industry, logistics and manufacturing.
Who in the crypto world deserves Santa love this year, and whose chimney should be snubbed? The elves at Forkast.News help the big man with his list.
China tries to stamp out Bitcoin mining while increasing its influence over blockchain technology and preparing the digital yuan for launch. What lies in store for 2022?
Curious to use Bitcoin but don’t know where to start? Forkast.News explains how.
Which blockchain sector will flourish, and what’s not yet ripe for mass adoption just yet? FTX CEO Sam Bankman-Fried offers his crystal ball in a special Forkast.News video.
Liquidity mining plays a unique role in the DeFi ecosystem. How does it work?
Of the Big Four central banks, including those of the EU, UK and Japan, only the Federal Reserve has not progressed beyond research mode in central bank digital currencies.
An investor who received $1.25M in Bitcoin by accident will not be criminally penalized, raising questions on the legal status of cryptocurrencies.
What are the responsibilities of blockchain companies when it comes to freedom of expression? A controversial cartoonist finds out the boundaries.
Crypto finance platform XLD Finance wants to enable users to spend GameFi tokens and stablecoins to pay for real-world goods and services. Fast facts The company has launched its first project, xSpend, which allows users from Bangladesh, India, Indonesia, Malaysia and the Philippines to purchase mobile prepaid credits on the platform using GameFi tokens and stablecoins. Users may also pay Philippine-based […]
U.S.-based tax preparation service company H&R Block has filed a trademark infringement case over Square’s new name, Block. Fast facts The lawsuit states: “Block brings this lawsuit to protect consumers from being deceived and to prevent a Silicon Valley tech company from stealing Block’s name.” According to a press release from H&R Block, fintech firm […]
Bitcoin’s current price is not indicative of the crypto’s future prospects, says Mark Yusko, who looks forward to the tokenization of everything.
Blockchain promotes trust and can greatly cut transaction costs, writes Edmund To of GSBN. So why is the shipping industry still clinging to paper documents?
With Ethereum usage at all-time high, a Cosmos ‘bridge’ to other blockchains and Mastercard rollups aim to solve a major problem plaguing the Eth network.
Federal regulators have turned their sights on stablecoins. But is the attempt to tame this digital currency too late?
Not yet done with your holiday shopping? Here are ideas for all the loved ones on your list, whether they are tech-savvy or merely crypto-curious.
In a contract dispute case, a Beijing court in Chaoyang district on Wednesday ruled a legal arrangement for Bitcoin mining to be invalid, signaling how China’s legal system may view future crypto-related disputes. Fast facts In May 2019, the plaintiff, Fengfu Jiuxin company, signed purchases and services contracts with blockchain technology company Zhongyan Zhichuang, with the latter […]
Games like Axie Infinity are now the darlings of big investors. Does it matter that revenue is falling and many players earn less than the minimum wage?
While China continues to stamp out cryptocurrency mining, the mining rig producers continue raking in the deals. The latest: Canaan, a Chinese crypto mining rig maker, has secured a follow-on contract from Genesis Digital Assets for 30,000 units of Avalon Bitcoin mining machines, with another 150,000 units to be executed. Fast facts Back in August, […]