Forkast.News is now Forkast Labs

VC deals are slowing in Covid-19 headwinds. Will we see bigger disruption?

Investment totals are down, but deals are still being inked and alternative fundraising methods are flourishing. What kind of investments will thrive? And which ones will likely flop?

Why South Korea’s new law against bitcoin and other crypto could damage its DeFi sector

The financial watchdog’s ruling would prevent cash from being loaned out for bitcoin and other cryptocurrency. Forkast.News analyzes its likely impact on the sector.

Safe havens like bitcoin and gold are sinking in this pandemic economy. Where can investors find shelter?

As Covid-19 roils markets and currencies, next-generation algorithmic stablecoins may offer a smoother ride.

How China hot-housed a new technology and 35,000 ‘blockchain’ companies bloomed

China is trying to grow its blockchain industry, but are all these startups for real? Forkast.News dives into the data to find the truth behind the numbers.

Ep. 6 | New blockchain arsenal to fight Covid-19, Zoom cancels Facebook, coronavirus wipes out Digital Farms, and more

Other top headlines from around the world: Microsoft wants to power mining with brain waves. Crypto exchanges Huobi and OKEx under fire. China shifts to digitally sweep ancestral graves.

How the FATF’s travel rule could push cryptocurrency into the mainstream

How are crypto companies complying with the travel rule, and what does it mean for decentralization and privacy? In a Forkast.News exclusive, industry experts analyze FATF’s impact on regulations around the world and what to expect next.

Video conferencing in style in these turbulent times: a TV anchor’s guide to how to shine on Zoom

Covid-19 has made online video meetings a career necessity. What are the do’s and don’ts for your next Zoom call? “We’re all television anchors and presenters now,” says Forkast.News editor-in-chief Angie Lau.

Bitcoin’s ‘black swan event’ — should investors worry?

BTC’s recent tumbles and movements with the rest of market may be an anomaly and opportunity for investors.

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.

Analysis: Are the ‘digital dollars’ in the $2 trillion stimulus plan the first step toward an American CBDC?

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

Coronavirus prevention tips for the long haul: face masks, social distancing, hand wipes and more

Coronavirus fears spread panic as well as infection. Face masks, hand washing and social isolation are best practices.

Is Covid-19 universal basic income’s moment?

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

Complying with anti-money laundering regulations is a growing need for crypto companies

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

Ep. 4 | Bitcoin’s wild ride, Robinhood in tough times, Covid-19 hacks Ethereum event

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.

Can blockchain voting break the cycle of elections fraud in Africa?

A decentralized, digitized and secure voting system could make elections more transparent, honest and trusted. But can blockchain voting also stem violence against voters — and overcome stains from the Voatz debacle?

Is death of the STO an exaggeration – or market reality?

Despite all signs that interest just isn’t there for STOs, and ICOs are too tarnished by scams to be a legitimate investment vehicle, this investor thinks there’s life left in both.

Asia has ‘crypto groove’ – and Korea’s mom and pop shops are helping lead the way

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?

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.

Ep. 3 | Top blockchain news on China, France and S. Korea – and a new Ethereum protocol. What’s next for India?

What’s up with South Korea’s new blockchain regulations? And where is bitcoin now legal tender? (Mai oui!) Other headlines around the world: a storm over STEEM, the new Baseline protocol for privacy, HTC’s Exodus 5G Hub, and how the coronavirus has affected blockchain firms in China.

Going for gold amid coronavirus recession fears

Gold bars are unwieldy. Gold futures and ETFs carry risks. Can gold-backed crypto, or tokenized gold, be a safer hedge during the current market tumult?

Coronavirus and the challenge of reporting timely and accurate medical data

CEO of Hedera Hashgraph explains how distributed ledgers can help front-line doctors and scientists in the battle against Covid-19, and how the emerging techology may be the future of international disaster relief.

How bitcoin is helping African migrant workers and their families save money

Blockchain technology now offers hope to radically transform the African remittances industry in favor of migrant workers and their families.

Tokenized gold: smart investment as coronavirus fuels economic turmoil?

Coronavirus fears are sending markets tumbling. Could tokenized gold, or gold-backed crypto, be the next-generation investment in times of economic trouble?

Blockchain and telecom: HTC’s blockchain phone isn’t what you think it is

Blockchain phones aren’t yet able to offer the ability to provide total security for your data.

IRS crypto summit airs many questions

Specific identification, hard forks and mainstream use: U.S. crypto investors are scrambling to figure out how new guidelines will affect their tax returns.
and

Crypto has the potential to revitalize India’s economy

The uncertain legal status of cryptocurrencies is under the microscope in India.

How blockchain can defend against data heists and cyber attacks

As increasingly useful and potentially destructive data migrates onto the internet, more and more countries will deploy cyber weapons. Could blockchain provide a defense against future incursions?

Mask Hysteria: Face mask do’s and don’ts for the coronavirus

What are the best face masks to wear to protect against Covid-19, and how to wear them? Which masks are the worst and could increase your risk of illness? A medical doctor and face mask researcher explains all.

What does the future hold for blockchain in India?

Blockchain has had an interesting, albeit slightly paradoxical journey in India. On one hand, the technology itself has seen great support from the startup ecosystem as well as the Government. On the other hand, cryptocurrencies have faced huge regulatory hurdles in India, such as the Reserve Bank of India (RBI) issuing a directive to ring-fence regulated entities like banks from the risk of trading virtual assets.

Tokenized health care? How Hedera Hashgraph could improve data transparency in medicine

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

Vitalik Buterin: Ethereum 2.0 promises better privacy, scalability in 2020

Smart-contract platform Ethereum’s new version is set to operate on a Proof of Stake system that may be released in 2020 according to Andrew Keys, co-founder of ConsenSys Capital. Vitalik Buterin, co-founder of Ethereum explained that Ethereum 2.0 will provide added capacity for users through sharding and scaling, privacy features and more alongside the new Proof of Stake system.

Vitalik Buterin explains how Ethereum 2.0’s launch would unfold

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.

Are PewDiePie, Manny Pacquiao and Spencer Dinwiddie riding the blockchain wave?

As bold-face names in entertainment and sports like PewDiePie, Manny Pacquiao and Spencer Dinwiddie dabble in blockchain technology, their use of cryptocurrency signal a growing shift toward grassroots financing and cutting out traditional middlemen. But some celebrities are finding a legal minefield.
and

As coronavirus infections skyrocket, blockchain speeds up health care claims and maps out epidemic

Xiang Hu Bao policyholders use Alipay to claim a 100,000 yuan disbursement through a blockchain-powered system, demonstrating the technology’s potential in health care.

Swiss Bankers Association wants to help blockchain firms do business

The Swiss Bankers Association (SBA) is seeking ways to bridge the traditional financial sector to new blockchain-related industries, including ways to open bank accounts, says said SBA deputy CEO August Benz.

How Swiss banks seek to link traditional finance to blockchain

The Swiss Bankers Association (SBA) is seeking ways to bridge the traditional financial sector to new blockchain-related industries, including ways to open bank accounts, says said SBA deputy CEO August Benz.

Ep. 1 | Spencer Dinwiddie, SEC on IEOs and Bitwise investor bulletin

Welcome to The Current Forkast series with Forkast.News Editor-in-Chief Angie Lau and Brian Lio, CEO of blockchain research group Smith + Crown. In this episode we talk about: NBA player Spencer Dinwiddie’s token release, SEC’s warning on Initial Exchange Offerings (IEOs), Bitwise investor bulletin

‘Crypto Congressman’ ex Rep. Jason Hsu: Taiwan is losing momentum in blockchain

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

How Hedera Hashgraph’s decentralized tracker could stop censorship in coronavirus reporting

Distributed ledger technology could be used by front-line health care responders dealing with the coronavirus epidemic to submit information in real-time around the world regardless of censorship. HashLog, a dashboard designed to publicly track coronavirus developments via distributed public ledger Hedera Hashgraph, could mitigate political influence involved in spreading information, according to Hedera Hashgraph cofounder and CEO Mance Harmon.

Could blockchain have prevented the Iowa caucus debacle?

IowaReporterApp developed by Shadow Inc. failed to deliver timely results of the Iowa Democratic caucus. Blockchain-enabled voting systems could mitigate similar mistakes.

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.

Will China’s digital currency or Facebook’s Libra challenge Ripple’s cross-border money transfers?

As China, Singapore, Canada and other countries develop digital currencies in part to facilitate cross-border transactions, Ripple’s managing director of South Asia and EMEA Navin Gupta said these currencies would primarily only be used domestically.

Tech is making Chinese charities more transparent

The modern convenience of Alibaba enables rapid, on-demand consumerism that’s worth tens of billions of dollars. So what if Alibaba — and its competitors — turned the technological might that it used to develop modern Chinese consumerism over to developing modern Chinese charity?

Bored by blockchain? China’s tech talent lured to AI, gig economy

Not enough startups and young talent are as gung ho about blockchain as they are about hotter categories such as such as AI, media or the sharing economy.

How Baidu, Alibaba and Tencent aim to disrupt Chinese health care

China hopes to provide affordable basic health care to all its citizens by 2020. Now that the private sector has joined public initiatives, the country is starting to see medical care efficiencies thanks to blockchain implementation.

Chinese telecoms are racing to add blockchain to mobile services

Telecom operators are using blockchain technology for digital identity management, more efficient roaming and combating fraud.

China is leading the global blockchain patent race

China has received the largest number of patent applications globally. Intellectual property applications themselves are a revenue source for the government, which generated $35 billion in fees paid for using IP rights.

China’s used-car market is revving into blockchain solutions

Around the world, the used-car industry is notorious for being one of low trust and high incidences of fraud. That also makes it an industry ripe for innovation as it has not adopted effective enough technology to prevent fraud and contain costs.

Can blockchain guarantee food safety in China?

Having a high standard in food safety and security demands that the food is of good quality, free from disease or infection, and safe for consumption. Keeping up with this standard is a matter of international concern and the responsibility of food producers and governments.

Q&A with CEOs of Digital Asset & R3: China, US aren’t in tech arms race

After their panel on how blockchain technology is changing the world of finance and enterprise at Hong Kong FinTech Week 2019, Digital Asset cofounder and CEO Yuval Rooz and R3 CEO David Rutter answered follow-up questions.

Data privacy is forever changed. Zero-knowledge proofs are enterprise’s solution | Opinion

Innovations in privacy-enhancing technology can address the challenges confronting enterprises from a regulatory, security and competitive perspective, writes Jonathan Rouach, CEO and cofounder of QEDIT.

5 blockchain trends in 2020: Bitcoin halving, Libra, security tokens and more

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.

After China’s digital currency, Indonesia may blueprint its own in 2020

As China’s digital currency is said to be “progressing smoothly,” Indonesia is also working on releasing their own white paper this year, according to Indonesian Blockchain Association cofounder Pandu Sastrowardoyo.

Can Hong Kong hold as glue between China and West? HK Exchange is key, says CEO

As protests continue to rock Hong Kong and China’s economy slows, concerns are rising about the Special Administrative Region’s future as Asia’s premier financial hub.

China’s blockchain vision focuses on efficiency, not cryptocurrency

The Chinese government has identified blockchain technology development as an issue of national importance, along with other emerging technologies such as AI, deep learning and IoT. President Xi Jinping has outlined the importance of blockchain technology to China’s industrial maturity, urging continued development so China can lead the way in defining international standards.

Swiss stock exchange SIX wants to democratize digital assets

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.

Kaleido CEO: How ConsenSys’ blockchain provider tackles production hurdles and data silos

Getting blockchain right is hard enough – not to mention building consortium, says Steve Cerveny, founder and CEO of Kaleido, a Consensys Enterprise Business that offers blockchain as a service.

Cross-border transactions key to connecting a fragmented region | Opinion

Blockchain technology and digital assets have the potential to change the entire finance industry. These blockchain-powered payments networks enable cross-border payments to be hassle-free by having a standard set of technical specifications and standards – reducing confusion and ensuring that all members of the network have access to the same technology, says Ripple’s Navin Gupta.

Inside China’s vision to globalize its currency

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

Privacy doesn’t equal anonymity on blockchain, says Concordium CEO

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.

Inside China’s plans to protect user privacy in its smart cities

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.

‘China’s developers aren’t most creative,’ but there’s power in numbers to excel

China’s enormous market of 1.4 billion people means there is a large pool of human resources that can drive blockchain development and adoption, especially in the wake of endorsement from President Xi Jinping. Blockshine founder and CEO Layla Dong explains how China’s burgeoning market can boost blockchain development.

Facebook’s Libra will push regulators to take a stance, says R3 chief David E. Rutter

And that’s a good thing for legitimizing blockchain and paving the way to tokenize real assets across industries, the enterprise blockchain creator said at Hong Kong FinTech Week 2019.

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.

China’s blockchain talent is driving an investment boom

Investment in Chinese blockchain projects reached USD$367.7 million in the first half of 2019. Blockchain Global CEO Sam Lee says Baidu, Alibaba and Tencent have fueled a breadth of tech talent.

A.I. has fallen short of its promise. But quantum computing can change how machines ‘think’

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

Hong Kong Exchange chief says city is a springboard for tech, blockchain opportunities

Despite prolonged social and political turmoil a slowing economy and record cash outflows, Hong Kong continues to serve as an important technology and financial hub, says Hong Kong Stock Exchange CEO Charles Li.

AI giants are exploiting your data. A new system can help you take back control

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.

Will China’s digital currency disrupt remittances? Not so fast, says TransferWise’s CEO

The PBOC’s new token could wipe out the need for remittance services like TransferWise. But if the eurozone is any foreshadowing, uniting several countries with a single currency is a complicated endeavor.

Opinion | Why Technology is Forging China’s Critical Path

Executive Summary It has been 40 years since Deng Xiaoping launched China’s Open Door Policy. By several metrics, China’s economic miracle has been extraordinary, with some 800 million people lifted out of poverty in just a few decades and the country playing a critical role in the global economy. But this growth was neither stable […]

India vs. the people: The battle over cryptocurrency ownership continues

Public support in India is strong for cryptocurrency ownership. But regulators’ blanket ban may lead to a gray market, increasing the chances of fraud.

More traditional investors are eyeing cryptocurrency to diversify their portfolios

Traders use commodity trading adviser funds to reduce risk of custody or money laundering, says Jan Brzezek, founder of Crypto Finance AG.