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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.

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?

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.
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Ep. 2 | Lightning Loop, SEC’s crypto safe harbor, Zcash vote on mining rewards

In this episode: Lightning Loop as the Visa of bitcoin, SEC’s crypto safe harbor, and Zcash voting to give 20% of funds to developers

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.

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

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.

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.

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.

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.

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.

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.

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.

Binance’s corporate registration in China lapsed in 2018

The crypto exchange has a presence in China, but not an official registration.
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How to make blockchain development code-agnostic, with Digital Asset CEO Yuval Rooz

Digital Asset aims to provide a uniform developer experience, regardless of the technology you’re using.

ConsenSys, R3 and Digital Asset execs say enterprise blockchain is changing finance world

From supply chain to finance, implementation of the technology is building trust, efficiency and new opportunities.

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.

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 […]

In Conversation with Da Hongfei, Neo: China-Born Digital Asset Protocol

Chinese blockchain companies received a substantial windfall following President Xi Jinping’s bullish support for the development of the technology, and Shanghai-based Neo was one such enterprise. Forkast.News Editor-in-Chief Angie Lau sits down with Da Hongfei, Co-Founder of Neo to find out about the technology and how it will affect various industries in China. Key Highlights […]

President Xi Jinping Endorses Developing Blockchain Technology in China

President Xi Jinping emphasized the development of blockchain technology and called for more research, investment, and regulations for it on October 24. “Blockchain plays a core role in the next round of technological innovation and industrial transformation,” said Xi according to comments recorded by news agency Xinhua during a meeting with members of the Communist […]

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 […]

Opinion | Crisis in Lebanon Highlights Benefits of Digital Currencies

The imminent economic collapse in Lebanon which the Lebanese Central Bank Governor has warned of may be averted as Prime Minister Saad Hariri announced his resignation amid the country’s largest protests in 15 years. These protests were in response to Hariri’s government announcing austerity measures which included a tax on WhatsApp calls. Protesters demanding Hariri’s […]

WATCH: How Cryptocurrencies are Becoming an Asset Class: Marc P. Bernegger, Crypto Finance

Cryptocurrencies have become a new target for investors shying away from politically volatile alternatives. As an on-going trade war between the United States and China and the U.K.’s exit from the European Union threatens the stability of conventional markets, more and more traditional investment entities have started experimenting with decentralized assets. Forkast.News’ Editor-in-Chief Angie Lau […]

In Conversation with Vitalik Buterin, Co-Founder of Ethereum: On Eth 2.0, Finance, and China

With Ethereum 2.0’s release just around the corner, co-founder Vitalik Buterin has been busy talking about what to expect from the new system and its use of proof-of-stake validation. Ethereum 2.0 is meant to address a number of issues that the current system has. It is billed as improving scaling, security, and other issues in […]

WATCH: Balancing Innovation and Regulation in Blockchain: Ronald Tucker

Ron Tucker, Founder and Chair of the Australian Digital Commerce Association, describes his long-running involvement in the industry and the reasoning behind his faith in the technology. As the head of a crypto exchange, Tucker has been involved in navigating and advising the regulatory steps that institutions such as FATF are taking. Contrary to concern about these new policies stymying the growth of the industry, Tucker asserts that the regulation is necessary in providing a safe environment for cryptocurrency to grow.

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 […]

Making it Rain in Bahrain – Joseph Dallago talks Cryptocurrency in the Middle East

What is the world of cryptocurrency like in the Middle East? How does it differ from other markets, and what challenges and opportunities arise from dealing with the industry in that region? Forkast.News Editor-in-Chief Angie Lau sits down with Joseph Dallago, Co-Founder and CEO of Rain, the first Bahrain-based digital currency exchange, in order to […]

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.  […]

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 […]

In Conversation with Joseph Lubin, Founder of ConsenSys: Blockchain is a Paradigm Shift for the Planet

What is the next big thing? As far as Joseph Lubin, Founder of Consensys, is concerned, we are already experiencing it as you read this. Lubin shares how blockchain is already a killer app, being used globally as a new database technology. He notes cryptocurrency is already enabling cross-border transactions that help facilitate trade and […]

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 […]

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 […]

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 […]

LISTEN: What are the Rules of Insider Trading When it Comes to Crypto?

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 […]

Opinion | You Do Not Need Blockchain: Eight Popular Use Cases And Why They Do Not Work

Blockchain applications have been a highly debatable topic since the rise of Bitcoin and later Ethereum. Opinions vary from “blockchain will solve most of humanity’s problems” to “this technology works only for money” and even “it is useless”. I’ve been working in the industry since 2017 and have seen and analyzed many blockchain use cases. […]

LISTEN: South Korea, China, and Japan — Bold Moves Ahead for Blockchain Acceptance?

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 […]

BOE Governor Says Global Digital Currency Should Replace the US Dollar – Rabobank’s Michael Every Breaks It Down

In this last week, Bank of England Governor Mark Carney made waves in the crypto industry by espousing, as a pillar of traditional banking, an alternative to the very system he heads. At a speech in the U.S., Carney put forward the idea of a “synthetic hegemony currency” – in other words, a central bank-banked […]

When Democracy Is Not Enough: How Blockchain is Revolutionizing Latin America

2019 is proving to be a challenging year for central banks and financial institutions across the globe. Global economic growth is slowing and a whirlwind of macroeconomic factors like the US-China trade war, diminishing demand for commodities and global monetary easing are casting a shadow over the economic health of the global financial sector.  To […]

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 […]

Opinion | Rising U.S.-China Trade War Tensions Highlight Need for a Viable Stablecoin

In the midst of rising U.S.-China trade war tensions over sanctions against Iranian oil, investors are likely to look to bitcoin and other cryptos as alternative options to traditional stocks and other fiat-driven investments. While uncertainty in traditional markets has benefited the crypto market, volatility remains a substantive issue for investors seeking long-term price stability. […]

Blockchain Adoption Starts with Gamification — Yat Siu, Animoca Brands, on the Future of Crypto

Key Highlights “So, right now, I look at the state of blockchain very similar to Internet in ’96 and ’97… And so I think at this point, but much like Internet in ’96 and ’97, blockchain is a word you’ve heard. It’s something you know. Everyone’s talking about it in the context of the future, […]

Paris Blockchain Week Summit (Part I) — Leading Financial Regulators Shed Light on the Universal Struggle to Regulate Cryptocurrency

Key Highlights From a regulatory standpoint, there is ample reason for governments and institutions to be interested in the cryptosphere. Giles Ward references how it stands to pose “investor protection and market integrity risks.” Marius Jurgilas, Board Member of the Bank of Lithuania, thinks about the potential for blockchain technology to be used in the […]

LISTEN: Why Japan May Be Zuckerberg’s Best Friend Right Now

Listen to the podcast Key Highlights “Within the G7, within the G20, there’s a lot of concern among governments, and I think that some of the concerns are valid. I mean, some of the concerns have to do with control, of course, but they also have to do with money laundering, and I also think […]

Facebook’s Libra Gets a Timely ‘Like’ From Japan

Facebook just did the unthinkable in the Donald Trump era: give America’s Republicans and Democrats something on which to agree. Same with the Group of Seven nations taking a dim view of the social media giant minting its own money. US President Trump declared that Libra, Facebook’s proposed virtual currency, “will have little standing or […]

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. […]

Ethereum (ETHUSD) Breaking Daily Chart Upchannel Support

Ethereum (ETHUSD) is under growing pressure as it enters a new week, and is arguably breaking upchannel support (on the daily chart).  Bulls should not rule out a deeper slide further below daily chart upchannel support (as hinted by the weekly Stochastics turning down from overbought levels).  A deeper reversal will likely find initial support […]

What is Blockchain? (And Why You Should Care)

What is blockchain? And why does it matter?  Simply put, blockchain (a form of distributed ledger technology) scales trust. If you were explaining why blockchain matters to your mother, you might tell her that she will no longer need to go through a bank to make a payment to the electric company. Or go to […]
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The Status of Blockchain in Asia, From “China Internet Report” Author, Edith Yeung

Is Asia gaining ground in the technology race? Edith Yeung, advisor at 500 Startups, partner at Proof of Capital, and author of “China Internet Report” (link to new 2019 report below) shares why Asia is the place to be for blockchain adoption. For a VC who spends half her time in Silicon Valley, she recognizes […]

What’s Next for CZ? Binance CEO on Getting Hacked, Being Compliant, and His Future

Changpeng Zhao, better known as CZ, is one of the most influential figures in cryptocurrency / blockchain circles. From flipping burgers at McDonald’s to getting his computer science degree at McGill University, to now Founder and CEO of Binance; CZ has built one of the world’s largest cryptocurrency exchanges. In this unreserved 40-minute conversation, CZ […]

Ethereum (ETHUSD) Testing Daily Chart Upchannel Support

Ethereum (ETHUSD) is under pressure as it enters a new week, and currently testing upchannel support (on the daily chart). Bulls should be prepared for a potential break below daily chart upchannel support, where a deeper reversal will likely find initial support at the 38.2% Fib retrace of the May-June bounce.  Note that the two […]

The Libra: Potentially a Welcome Addition to the Financial System

The Libra, potentially a welcome addition to the financial system A consortium led by Facebook recently announced the introduction of a new cryptocurrency, the Libra. Compared to most existing cryptocurrencies the design of the Libra is relatively well supported economically One of the goals of the Libra is to connect the billions of people who […]

No Permission Needed — How Arthur Hayes, BitMEX CEO, is Self-Made with a Multi-Billion Dollar Trading Platform

In a candid conversation, Co-Founder and CEO of BitMEX Arthur Hayes defends why BitMEX is set up in Seychelles, the promise of blockchain for everyone, why ICOs are not a problem, and why his industry is not a “scam.” This self-proclaimed “economics-history nerd” and former Deutsche Bank banker, who joined then lost his job at […]

Why AAX Built a Crypto Exchange with London Stock Exchange Technology

Forkast.News Editor-in-Chief Angie Lau sits down with Peter Lin, CEO of AAX at the Mobile World Congress in Shanghai for this episode of “In Conversation With” Lin is about to launch a new digital asset exchange using London Stock Exchange trade-matching technology to provide an institutional grade platform to attract investments from hedge funds and […]

Will the G20 Summit in Osaka be the Bretton Woods of the 21st Century?

Key Highlights Osaka may be the “Crypto Bretton Woods” in terms of significance to the global economy Unlike the current economic system, crypto is “rising from the ground up” and is being forced on the global elites “Science-fiction is becoming fact and happening in a way they [governments] can’t ignore.” In the latest episode of […]

Ripple (XRPUSD) Testing Key 0.50 Level

Ripple (XRPUSD) is bumping up against ascending triangle resistance (on the daily chart) and the psychologically key 0.5 whole figure level. A break above this multiple resistance zone in the next week or so will likely be quickly followed by a test of the psychologically key 0.75 level. XRPUSD is a prime candidate in the next few […]

A (Blockchain) Call to Action

“Knowledge is power” is a phrase you may have heard once or twice in your lifetime. Today, I’d like to propose a bit of a 21st century twist on the saying — “data is knowledge and knowledge is power, therefore data is power.” Easy enough, right? We are living in a time where our data […]

Will Osaka Be Crypto’s Bretton Woods Moment?

The specter of Facebook clicking “like” on Bitcoin adds fuel to what can best be called a resurrection rally. Left for near dead a few months ago, the best-known crypto asset boomed partly on reports Mark Zuckerberg would unveil a digital currency. Now that Facebook’s Libra is out, it could be stellar news -– a […]

The Advantages of Not Being Open Source (Part II)

Key Highlights In lieu of being open source, Hedera Hashgraph aims to bring stability to its platform Hedera Hashgraph’s cryptocurrency is called HBAR Listen to the full podcast version of this interview Transcript of Part II But Hashgraph in of itself is patented… Hashgraph is an algorithm, correct. The IP for Hashgraph is privately owned. […]

Mance Harmon on Why Hashgraph is a Better Alternative to Blockchain (Part I)

Key Highlights Hashgraph is an alternative to blockchain Hashgraph optimizes both security and performance Listen to the full podcast version of this interview Transcript of Part I In conversation with Mance Harmon, Co-Founder and CEO of Hadera Hashgraph, and also a course director for cyber security at US Air Force Academy. He’s also a Program […]

Can Hashgraph Co-Exist With Other Blockchain Players? (Part VI)

Key Highlights The market of players will consolidate over time to a handful of large players Hedera Hashgraph will continue to start with enterprise applications in an effort to become the leader in that space within distributed ledger technology Listen to the full podcast version of this interview Transcript of Part VI Can you co-exist […]