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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.

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

Money is part of a nation’s financial infrastructure, and the dollar needs a digital upgrade for this changing world, says Giancarlo, former CFTC chair who now heads the Digital Dollar Project, in an exclusive interview with Forkast.News.

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.

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

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?

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.

The Covid-battered economy and Magic Leap’s woes are blowing headwinds at the nascent industry. But AR software, ads and mobile platforms offer hope.

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

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

Online teaching and presenting are not just for these Covid times, but part of a revolution in how we work and learn. Master these skills for career success.

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

What can the blockchain industry do to adapt its work to the current crisis? Acknowledging the widening socio-economic divide would be a good start.

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

Central bank digital currencies could change government, the economy, and even society, writes Digivault CEO.

The U.S. backed away from a digital dollar in its coronavirus relief package. But a tokenized dollar would be better for America — and bring us closer to a true central bank digital currency, says a director of the Digital Dollar Project.

Distributed ledger technology can help flatten the curve of Covid-19 through telemedicine, supply-chain security, rapid payments 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.

Coronavirus’ impact on the U.S. economy might hasten the creation of a digital dollar.

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

FATF is setting international standards, shifting the crypto world from a “wild west” mentality to a more compliant space, says CoolBitX CEO Michael Ou.

Also: Blockchain voting after the Voatz debacle, IOTA limps back after cyber attack, smart cities in China, and Forkast.News insights to help you make sense of the top headlines.

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?

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.

Public health coins could motivate more people to interact honestly with the health care system during crises like the coronavirus epidemic.

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.

Taiwan’s cryptocurrency evangelist and former congressman says the island is falling behind in STO guidelines, fintech regulations and forming a tech hub.

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.

Smith + Crown focuses its attention on headlines and projects it considers as key developments likely to prove influential in determining the course of blockchain events in 2020.

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.

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.

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

Identification on a protocol level could help blockchain become mainstream for blue-chip companies like MasterCard, Volvo and Geely if international regulations are met. Anonymity is “exactly what is hindering wider use of blockchain,” said Concordium CEO Lone Fonss Schroder.

Using blockchain and encrypted computing in smart cities can protect user privacy as China builds out a new data infrastructure, says Vincent Wang, chief innovation officer at Wanxiang Group.

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.

Alternative AI founder Eberhard Schoeneburg speaks with Forkast.News at Hong Kong FinTech Week 2019 about how artificial intelligence should adapt to quantum technology.

Building artificial intelligence is a game of “surveillance machine learning” that exploits common users’ data. But blockchain technology systems promise to help compensate users for it.

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 […]

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 […]

“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 […]

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 […]

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 […]

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 […]

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 […]

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) 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.  […]

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 […]

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) 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 […]

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 […]

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 […]

In just one year’s time, it appears that global policymakers and regulators have woken up to blockchain in a serious way. Caroline Malcolm, new in her role as Head of OECD Blockchain Policy Center, shares key highlights from this second global blockchain policy forum held by OECD in Paris, Sept. 12-13, 2019. In this candid […]

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 […]

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 […]

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 […]

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 […]

The world of insider trading as relates to cryptocurrency — what are the rules that govern trading crypto, in the eyes of the SEC, CFTC, and the like? Forkast.News Editor-in-Chief, Angie Lau sits down with attorney and partner, Jason Gottlieb, at NY-based Morrison Cohen law firm to discover the in’s and out’s of trading. Listen […]

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 […]

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 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) 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) […]

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 […]

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 […]

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 […]

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 […]

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) 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 […]

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 […]

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) 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 […]