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US must embrace digital dollar and cryptocurrency: Blockchain institute report

The Blockchain Research Institute-led report for Biden’s administration also outlines recommendations for crypto regulations and a national blockchain strategy.

Using blockchain to bolster vaccines and trust in public health | Part 3

As Covid vaccines come to market, immunization programs are being undermined by disinformation and counterfeiting. Here’s how blockchain can help.

Sonic Capital’s Stefan Rust predicts a ‘Cambrian Explosion’ of tokens in 2021

In this edition of the Forkast Forecasts, the founder and CEO at Sonic Capital and former Bitcoin.com CEO shares his views on the growth of decentralized finance and big partnerships in the crypto community.

Forkast Forecasts for 2021: Mance Harmon of Hedera Hashgraph on China, DeFi and industry giants

In this inaugural Forkast Forecast, the co-founder and CEO of Hedera Hashgraph offers his views on China’s blockchain drive and what the industry will be like in 2021.

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.

Is China trying to put its cryptocurrency industry out of business?

After crackdowns on crypto exchanges, China is now freezing bank accounts. Why is the world’s largest bitcoin producer tightening the vise over its miners?
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Will Diginex’s backdoor Nasdaq listing start a crypto industry trend?

Diginex CEO Richard Byworth reveals that world’s largest cryptocurrency companies are now seeking his advice on going public. How did Diginex do it?

Is DeFi’s breathtaking rise just like the ICO bubble?

DeFi’s explosive gains in 2020 may look like the 2017 ICO craze all over again. But Chyna Qu of DeFiner explains why the two are very different.

Hong Kong and now Australia heating up global digital currency race

China’s DCEP digital yuan and new US interest in digital dollar are fueling sense of urgency on CBDCs — as blockchain firm ConsenSys paves the way.

Cryptocurrency’s carbon footprint is massive and not sustainable

Bitcoin and crypto mining now use more energy than some nations. To help lead fintech into a greener future, Ripple pledges to be carbon net-zero by 2030.

Why India’s crypto industry needs regulatory clarity more than ever

India is now a vibrant cryptocurrency hub, but its future remains uncertain. Sathvik Viswanath of Unocoin explains what’s holding back the nation of 1.3 billion.

How blockchain could remix the music industry (and why it hasn’t yet)

Most artists earn a pittance and have little bargaining power against record labels and streaming platforms. But blockchain could level the playing field.

PwC’s ‘Time for Trust’ report misses mark on blockchain in China

The ‘Time for Trust’ report downplays the growing impact that blockchain is having on China’s economy. Here’s what’s really going on with this technology.
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Why blockchain is the trust-building technology our post-Covid world needs

By promoting transparency and data security, blockchain is poised to transform international trade. Dr. Geoff Jiang of Ant Group explains how.

Crypto tax in Australia: what investors need to know

Australians can buy bitcoin from post offices and use cryptocurrency in soda vending machines. But are confusing tax policies discouraging wider adoption?

Will the glare of Justin Sun blind the public to TRON 4.0?

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.
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Bitmain drama escalates with new threats and use of force. Do customers care?

Game of Thrones at the world’s largest bitcoin mining rig maker culminates, in this week’s episode, with a once-exiled company founder storming and seizing back the corporate castle.
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Blockchain will disrupt the entertainment industry. Which part first?

Cinemas are closed, Netflix is here, but torrent providers renew their careers!

Magic Leap’s demise is sucking life out of the augmented reality industry

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.

China will soon have its first bachelor’s program in blockchain. Why isn’t the talent-starved industry more excited?

Blockchain education conundrum: China wants blockchain growth, but its tech labor supply “quality” falls short of high employer demands. A Forkast.News exclusive report on a new program in Chengdu and clues to what might be holding China back.

Why Canaan’s red ink illustrates the big challenges now facing crypto mining

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.

India crypto leader calls Supreme Court victory against central bank ‘game changer’ for industry

India’s crypto sector saw a major boost after its Supreme Court ruled to lift a ban on crypto trading, paving the way for more blockchain development.

Here’s how blockchain can — and can’t — disrupt the world’s telecom industry

In this first article of a three-part Forkast.News series, we will examine how blockchain can — and can’t — disrupt the world’s telecom industry, and take a closer look at where efforts are falling flat.

China’s enterprise blockchain policy backs government aim to lead industry

China’s blockchain policy for enterprises is similar to that of the public sector: provide more efficiency and disintermediation. What’s different about enterprise policy is the added element of competitiveness.

Indonesia’s decentralized island society makes blockchain a must-have | Opinion

Indonesia is a country of 17,508 islands and 260 million people, including 171 million internet users. It’s a huge market, dominated by the digital economy that’s ripe for blockchain disruption.
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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.

Giving patients power over data builds trust in health care, says Blockdoc’s Alan Chiu

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

ConsenSys founder Joseph Lubin says Ethereum can be a trust layer for the planet

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

Blockchain is key to realizing the digital industrial revolution

Over the past few decades, the internet boom has been helping fill the information gap in our society. Online businesses such as those in e-commerce and social media emerged to help the world share information more efficiently, allowing for the digital transformation of traditionally “offline” industries. Despite the many years of effort, however, this digital […]

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 […]

Opinion | Why the Security Token Industry Hasn’t Taken Off

Trustless payment methods were the first disruption blockchain brought to the financial industry. The second wave of disruption came about when the ICO boomed in 2017 as a way to reach a larger market of investors through crowdfunding smart contracts on Ethereum. In 2017 alone, ICOs raised around $7 billion. More recently, we’re seeing the […]

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 […]

Bitcoin rises as inflation eases

Bitcoin’s value climbs after April CPI data suggests a slowdown in inflation, potentially influencing Federal Reserve interest rate decisions.

Tornado Cash crypto mixer developer gets 64 months in prison

Dutch court convicts Tornado Cash creator for aiding in crypto crimes.

Bitcoin Runes etching revenue plummets for miners

Runes etching on Bitcoin network drops drastically, affecting miners’ income.

NodeMonkes leads NFT sales with US$876K in a day, CryptoPunks drops off top 10

NodeMonkes snatches the top spot from CryptoPunks, ending a two-day streak of leading the market.

Chainalysis sets up Dubai HQ, bolsters UAE’s crypto ambitions

Blockchain analytics firm Chainalysis has launched its regional headquarters in Dubai, advancing the UAE’s goal to be a top cryptocurrency hub.

CryptoPunks, BAYC lead NFT daily sales, put Ethereum on top

CryptoPunks collection outperformed other NFTs in daily sales, as Ethereum led all blockchains.

DMarket opens week as top NFT in daily sales

DMarket tops daily NFT sales with over US$842,000.

Binance CEO calls for release of executives detained in Nigeria

Binance CEO demands freedom for compliance officer held on illegal transaction charges in Nigeria.

Robinhood to challenge SEC’s notice over crypto operations

Robinhood’s digital assets division becomes the SEC’s latest legal opponent.

Crypto investment hits US$1.02 bln in April

April’s crypto funding surge reflects investor confidence, with $1.02 billion invested in blockchain ventures.

Bitcoin network surpasses 1 billion transactions

Bitcoin marks a historic achievement with over one billion transactions since 2009.

MicroStrategy unveils Bitcoin digital ID solution

MicroStrategy launches a new Bitcoin-based digital identity platform to enhance online security and trust.

Bitcoin slides, Fed keeps interest rates steady

Bitcoin dropped to as low as US$56,600 as Fed holds interest rates.

Azuki NFT sales soar to over US$1.1 million in a day

Azuki leads with a significant sales spike, outperforming other NFT collections in daily transactions.

Bitcoin ‘Jesus’ arrested for US$50 mln tax fraud

Cryptocurrency figure Roger Ver faces extradition to the U.S. on tax evasion and fraud charges.

Binance ex-CEO Changpeng Zhao sentenced for money laundering

Changpeng Zhao receives a 4-month prison term and a $50 million fine for laundering violations.

North Korean hackers laundered US$200 mln in stolen crypto, says blockchain sleuth

Lazarus Group’s crypto laundering operation exposed by on-chain investigator.

Crypto wallets exit US amid regulatory pressure

Wasabi and Phoenix wallets halt US services due to increasing regulatory scrutiny.

Samourai Wallet co-founder posts US$1 mln bond in laundering case

Keonne Rodriguez, co-founder of Samourai Wallet, was released on bond after denying money laundering charges.

SEC expected to deny Ethereum ETFs: Reuters

The SEC signals a cautious crypto stance, likely rejecting Ethereum ETFs and delaying Bitcoin ETF options.

Samourai Wallet founders arrested for laundering US$100 mln

Samourai Wallet creators face money laundering and illegal business operation charges.

NodeMonkes leads NFT sales with over US$1 million in a day

NodeMonkes NFT collection tops daily sales, with significant transactions and unique buyers contributing to its all-time high volume.

Ethereum leads with over US$7 mln in daily NFT sales

Ethereum tops daily NFT market with significant sales volume and transaction count, outperforming Bitcoin and Solana.

Ex-Binance CEO faces 3-years prison and millions in fines

Changpeng Zhao, the former CEO of Binance, may receive a 3-year sentence and $50M fine for anti-money laundering violations.

Tether Launches on TON Blockchain with USDT, XAUT

Stablecoin issuer Tether has expanded to The Open Network with its USDT and gold-backed XAUT tokens, aiming to enhance liquidity.

Bitcoin miner earnings soar on halving day due to Runes

Bitcoin miners experienced a revenue spike following the introduction of the Runes protocol, although transaction fees have since decreased.

Tether expands into new sectors amid regulatory watch

Tether diversifies into data, finance, power, and education sectors, aiming for innovation and empowerment.

Binance converts US$1 bln fund; eyes India comeback after obtaining Dubai license

Cryptocurrency giant Binance converts $1B safety fund to USDC, signaling a strategic move to enhance transparency and re-enter the Indian market.

EY debuts blockchain tool for private contracts

Ernst & Young launches a blockchain service to improve contract management for private companies, aiming for enhanced privacy and efficiency.

US senators unveil stablecoin regulation bill

New legislation aims to enhance financial stability by imposing strict rules on stablecoin issuers.

PayPal ends NFT purchase protections

PayPal to exclude NFTs from protection programs starting May 20, impacting buyers and sellers.

Hong Kong approves spot Bitcoin ETF

City’s inaugural Bitcoin ETF approval spurs price surge, signaling crypto investment growth.

FTX’s Bankman-Fried appeals 25-year sentence

Disgraced FTX founder Sam Bankman-Fried challenges his prison term and seeks New York confinement during the appeal.

BlackRock fund introduces USDC transfers

BlackRock’s BUIDL fund now allows share conversion to stablecoin USDC for enhanced liquidity.

Bitcoin leads with a slight sales uptick in NFT market

Bitcoin sees a marginal increase in sales, outperforming Ethereum and Solana in the NFT space over the past day.

Binance exec refutes Nigeria laundering claims

Binance’s Tigran Gambaryan pleads not guilty to money laundering in Nigeria, faces remand.

Bitcoin leads NFT market with over US$16 mln in sales

Bitcoin tops daily NFT sales, Ethereum and Solana follow with notable changes.

Franklin Templeton shines spotlight on Bitcoin NFTs

Investment firm notes Bitcoin NFTs’ role in crypto innovation and market changes.

Ethereum layer-2 market cap to reach US$1 trillion by 2030, VanEck predicts

VanEck forecasts a $1 trillion market cap for Ethereum Layer-2 networks by 2030, highlighting their scalability and efficiency.

Ethereum leads NFT market with over US$10 million in sales

Ethereum sees a slight increase in NFT transactions, while Bitcoin and Solana experience declines in the past 24 hours.