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Decentralized theme parks promise kids virtual prizes to earn as they learn

Prototype launches in Hong Kong, with children able to collect digital currency and NFTs instead of arcade coupons.

Implementing global standards in digital exchange infrastructure

Interview with Lorne Chambers, Global Head of Sales and Marketing, LSE Forkast.News: How does LSEG Technology’s matching engine ensure orders are closed with as little latency as possible? How does this prevent the phenomenon of negative convexity, where the market moves away from the position staked out by the trader? Lorne Chambers: The architecture of LSEG Technology’s […]

Foreword

This report is about the development of digital assets, cryptocurrencies and tokenization and how that all-important confidence is established. Thank you for your interest in digital assets and the role of digital asset exchanges, custodians and the value digital assets offer to investors looking to diversify.  For any currency, digital or otherwise, confidence in the […]

Special Series, Part 2: China lays digital groundwork for a new Silk Road

How China’s deployment of the digital yuan intertwines economics with geopolitics and concrete with virtual infrastructure, from Cambodia to the Caribbean.
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Introduction

Executive Summary The crypto market of 2020 is not the crypto market of 2013. What was once a cryptocurrency market is now a digital asset market. Blockchain’s strengths in efficiently and transparently tracking assets have given birth to an industry of assets represented by tokens, allowing both a new class of investors to have exposure […]

The Unstoppable Rise of Digital Assets

Table of contents Foreword For any currency, confidence is essential. This report is about the development of digital assets, cryptocurrencies and tokenization and how that all-important confidence is established. by Angie Lau, Forkast Editor-in-Chief Executive summary and introduction The crypto market of 2020 is not the crypto market of 2013. What was once a cryptocurrency […]

Terms of Service

General Terms Subscription Terms Linking Terms and Conditions Inquiries Regarding this Site’s Content Law enforcement data request statement Intellectual Property Issues PLEASE READ ALL OF THE FOLLOWING TERMS AND CONDITIONS OF SERVICE FOR THIS WEB SITE (“Terms of Service”) BEFORE USING THIS SITE. By continuing to access, link to, or use this site, or any […]

Forkast.Studio

forkast.studioIt’s time for a new kind of conversation We are at a crossroads: societally, politically, economically, technologically, publicly, and personally. All roads are leading to this moment. And so we meet.  The brave new world of disruption has landed. How we “speak” to each other now must reflect this new reality –– from face-to-face human […]

China’s crypto miners eye Kazakhstan in exodus; e-HKD study on track | The Daily Forkast

Kazakhstan is quickly becoming a mining hotspot as China’s mining exodus settles down. In Hong Kong, and update on the e-HKD.

Britain bans Binance UK, but users continue business on crypto exchange

FCA says Binance is not permitted to offer regulated activities in the UK, but users of the world’s largest crypto exchange remain unaffected — for now.

FATF: Most countries have yet to implement anti-terrorism crypto ‘travel rule’

Why are so few adopting FATF guidance for VASPs? Money laundering watchdog decries ‘continued misuse of virtual assets through jurisdictional arbitrage.’

South Korean crypto exchange fee revelations deal blow to sector’s credibility

Payment for listings raises questions over integrity of cryptocurrencies’ credit scores as compliance deadline nears.

How enterprises are fueling blockchain adoption among SMEs

What is blockchain and how can it help smaller companies? A special panel sponsored by Blockchain-based Service Network explores the use cases.

Kazakhstan’s Bitcoin gold rush gathers pace as Chinese miners keep piling in

As China shuts down crypto mining over environmental concerns, miners are moving next door to Kazakhstan, one of the most coal-rich countries in the world.

Special series, Part 1: China bets on the blockchain

Long before most governments, the Asian superpower saw the potential in Bitcoin’s technology to spawn the next internet and a new form of money.
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Bitcoin not ideal for cyber crime, says Filecoin Foundation chair

Bitcoin was recovered by the FBI from the Colonial Pipeline ransomware cyber criminals DarkSide, sparking privacy concerns around cryptocurrencies.

China Blockchain Report

Blockchain Is Not China’s Future — It Is The Present Blockchain technology is a national priority for China, and it’s being integrated in both enterprise and government. Nowhere else in the world has a country approached the development of a technology with such a sense of urgency. Forkast.Insights sat down with top China-based insiders, academics, protocols, […]

Building construction meets blockchain, Binance launches NFT platform | The Daily Forkast

Construction meets blockchain in Australian and Binance’s NFT marketplace is open for business.

SEC seeks to stop Ripple from calling ex-SEC director for XRP testimony

SEC does not want its former head of Corporation Finance to testify or answer question about XRP. Who is William Hinman — and what might he tell Ripple?

What will Ethereum’s London hard fork do as an upgrade?

A major Ethereum upgrade via London hard fork — which experts call a ‘seismic shift’ for the industry — is coming soon. Are ‘Ethereum killers’ doomed?
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China sets out stall with digital yuan. Here comes the sales pitch

Urged on by the authorities, banks have wasted little time in putting e-CNY infrastructure in place, but now comes the hard part — getting people to use it.

Mining rig maker Bitmain halts sales amid flood of second-hand machines

Chinese crypto mining rig maker Bitmain has decided to suspend global spot sales of its Antminer machines, as some of its clients are reselling their rigs.

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About us

Stories of emerging technology at the intersection of business, economy, and politics. From Asia, to the world. Technology is by its very nature, disruptive. But understanding it also helps us navigate this age of disruption better. Forkast was started in 2018 with a simple premise: Technology should be understood by the people it will impact […]

Blockchain data cruncher Chainalysis raises $100M to expand in Asia Pacific

Chainalysis, the blockchain and cryptocurrency data analytics firm, announced today that it has raised US$100 million in a Series E funding round with a US$4.2 billion valuation. Fast facts: Headquartered in New York, Chainalysis provides blockchain-based software that enables governments and businesses to detect and prevent cryptocurrency crime and money laundering. Chainalysis’ series E round […]

Tesla, Facebook and Netflix stock tokens launch on Solana blockchain

Swiss-based Digital Assets AG, a firm focused on the design of tokenized stock infrastructure, has launched over 50 tokenized stocks on the Solana public blockchain.

Blue House responds to petition; Bitmain offers relocation assistance | The Daily Forkast

South Korea’s Blue House responds to a national petition calling for the financial watchdog head’s resignation.

How blockchain traceability can help our world prevent a resource spiral

Blockchain technology promotes a circular economy of reuse that is vital to our planet’s future. Leanne Kemp, CEO of Everledger, explains how it works.

Paraguay university to accept crypto for tuition fees

A university in Paraguay has announced that it will begin accepting cryptocurrency as payment for tuition starting from August.

Bitcoin ETFs start trading on Brazil, Dubai stock exchanges

QR Capital’s Bitcoin exchange-traded fund — the first Bitcoin ETF in Latin America — has been listed on Brazil’s stock exchange.

Following forced closure, Hong Kong’s Apple Daily preserved on blockchain

A tech-savvy activist is using blockchain technology to preserve content from Hong Kong’s Apple Daily, which was yesterday forced by the government to shut down.

China’s Ant Group launches blockchain-boosting transmission network

Ant Chain, Ant Group’s technology brand, has launched a new blockchain communication technology at Ant Chain’s first developer conference.

South Korea points to crypto regulation efforts after calls for watchdog to quit

South Korea’s presidential office has reacted defensively to a petition calling for the chief of the country’s main finance sector regulator to step down over comments he made about cryptocurrencies.

Rig maker Bitmain offers help to Chinese miners looking to relocate abroad

Chinese mining rig maker Bitmain is offering assistance to clients that want to relocate their cryptocurrency mining operations from China to other countries.

Bitcoin: Follow the money. Titan goes Titan-ic. China’s footloose miners.

Top blockchain and cryptocurrency news: Bitcoin’s still winning. Titan’s troubles as a teachable moment. Beijing creates a crypto mining diaspora.

Chinese crypto mining rig maker Bitmain suspends sales as prices drop

Chinese mining rig maker Bitmain has stopped selling in-stock cryptocurrency mining equipment amid a plunge in the prices following a shutdown of major mining pools in China.

South Korea’s Upbit sued for patent violation, Alipay launches NFT platform | The Daily Forkast

Another legal challenge faces cryptocurrency exchange Upbit. In China, Ant Group is getting into the NFT game — through Alipay.

What lies ahead for CBDCs, Bitcoin and other digital currencies?

In a new report, Bank for International Settlements extols central bank digital currency (CBDC) as the future of money. Will CBDCs replace Bitcoin someday?

Bitcoin mining rig maker Canaan breaks ground in Kazakhstan

Canaan, one of the world’s biggest crypto mining rig makers, has launched its own crypto mining business in Kazakhstan.

South Korean crypto exchange Upbit in dock in trading tech case

South Korean crypto exchange Upbit — the country’s biggest — is facing a lawsuit filed by a university foundation alleging patent infringement.

U.S. SEC settles with Loci over unregistered securities offering

The U.S. SEC has settled charges against Loci and its CEO, John Wise, for allegedly making false statements in connection with a sale of digital asset securities.

Indian crypto investors could be stung by 2% foreign operator levy

Indian cryptocurrency investors could face a 2% levy on transactions made through foreign-owned crypto exchanges operating in the country.

Iran seizes record haul of 7,000 crypto mining machines

Iranian police have confiscated 7,000 cryptocurrency mining machines from an abandoned factory in western Tehran, the largest batch discovered in recent days.

Bitcoin price rebounds after falling below $30K for first time in 6 months

After a spate of bad news, Bitcoin’s price tumbled to its lowest level this year before climbing back up to $34,000. Where are BTC prices likely to go next?

Report: US cryptocurrency crimes surging by 300% a year

Crypto-related crime in the US increased an average of over 300% per year from 2017 to 2020with a total of 82,135 cases last year alone.

What is Ethereum, and could it become the future of blockchain?

Ethereum is much more than a cryptocurrency, and it has already attracted huge interest among investors. What’s all the fuss about? Forkast.News explains.

Chinese crypto miners head west as Beijing’s crackdown gains pace

Kazakhstan offers nearby bolthole as North America and Europe beckon.
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How NFTs can increase efficiency in trade finance

Better known for uses in art and collectibles, non-fungible tokens can also improve supply chains and prevent fraud. Richard Crook of LAB577 explains how.

South Korean crypto exchange Upbit to sue Pica Project after delisting coin

South Korean cryptocurrency exchange Upbit is preparing legal action against crypto coin issuer Pica Project, whose tokens it has delisted from its platform.

Iron Finance’s DeFi bank run — and how Mark Cuban got ‘rekt’

Iron Finance, once a DeFi darling, went from billions to bust in a day. Should investors have seen the crash coming? How stable are algorithmic stablecoins?

Cash for CBDCs at Beijing ATMs; Asia sees new unicorn in Amber Group | The Daily Forkast

CBDC ATMs appear around Beijing and Hong Kong-based Amber Group is Asia’s billion dollar unicorn after raising US$100 million in its Series B.

Chinese central bank orders lenders to cut cryptos’ financial lifelines

The People’s Bank of China has told the country’s big banks and other finance sector heavyweights to cut off financing sources for cryptocurrency transactions.

Bitcoin and Ethereum prices fall: Is the crypto market in an over-leveraged bubble?

Against a backdrop of El Salvador’s BTC boosts, famed investor Michael Burry warns about a crypto price bubble and China intensifies its crypto clampdown.

Iran bans blockchain association, citing regulatory breaches

Iran’s interior ministry has suspended the Iran Blockchain Association over alleged breaches of government regulations.

Over 3,000 ATMs in Beijing now support digital yuan withdrawals

Two of China’s largest state-owned banks, the Industrial and Commercial Bank of China (ICBC) and the Agricultural Bank of China (ABC), are now offering two-way exchange between fiat cash yuan and e-CNY digital currency through more than 3,000 ATMs in Beijing, according to reports in local media.  Over 3,000 ATMs in Beijing managed by ICBC […]

S. Korean banks start crypto exchange reviews as contract renewals loom

South Korean lenders have started money laundering risk assessments of the country’s “big four” cryptocurrency exchanges, with which they have contracts to provide real-name accounts.

CoinShares partners with Germany’s Finanzen Zero on crypto ETPs

European digital asset manager CoinShares hasannounced a partnership with German financial news portal Finanzen.net to bring crypto exchange traded products to investors with no trading fees.

Asia’s newest unicorn, crypto trading firm Amber Group, raises $100 million

Forkast.News speaks with Michael Wu, Amber Group’s co-founder and CEO, on how the crypto firm is going from $100 million to $1 billion in valuation.

As Shanghai gives away digital yuan, we hit the streets with a man spending it

Money may be easy to part with when it’s free, but as Shanghai’s first experimental e-CNY giveaway shows, it’s not so easy finding shops to take it.

Crypto clampdown hits Sichuan; Dtravel launches Airbnb rival | The Daily Forkast

China’s crypto clampdown reaches Sichuan. A sneak preview into how China’s digital yuan works.

Miami woos crypto miners fleeing China

The city’s mayor says it welcomes an exodus of miners from China amid a generalized clampdown on the industry.

Chinese crypto mining ban coming to Sichuan — reports

Miners face imminent shutdown as power companies told to cut electricity, according to multiple reports.

U.S. securities watchdog’s regulatory agenda turns blind eye to crypto

Dashing hopes of greater regulatory clarity for the cryptocurrency industry, the U.S. Securities and Exchange Commission’s recently released annual regulatory agenda does not mention Bitcoin or cryptocurrency regulations.

Grayscale eyes 13 more crypto assets including Polygon, Bancor

Institutional digital asset manager Grayscale announced today that it is exploring 13 more assets for its trusts, mainly related to decentralized finance.

‘China’s Robinhood’ halts CME crypto futures services amid sector clampdown

Chinese stock trading app Futu Niuniu has suspended Chicago Mercantile Exchange cryptocurrency futures services and stopped supplying crypto market information.

Angry Aussie crypto investors eye Binance class action

Australian investors adversely impacted by repeated system failures on Binance are considering taking a class action lawsuit to recoup their losses.

How DeFi exchanges like SynFutures may challenge TradFi and CeFi

Singapore-based decentralized exchange SynFutures has closed a $14 million series A round to bring crypto derivatives to new users around the world.

More regulation for SK crypto exchanges; NFTs kick-start K-pop comeback | The Daily Forkast

Self-published tokens get barred from South Korean exchanges as Hong Kong’s air quality recording meets blockchain technology.

South Korean crypto exchanges face ban on listing own tokens

South Korea’s Financial Services Commission today revealed plans to ban cryptocurrency exchanges in the country from listing their own coins.

Chinese blockchain behind financial SOEs to set up new HQ in Chongqing

Yunphant is set to build a second headquarters for its blockchain company in the southwestern Chinese city of Chongqing, according to a report by China News.

Bitcoin price dips but BTC dominance rises with US inflation fears

Bitcoin sheds 4% but BTC’s share of the total crypto market grows after US Fed projects higher inflation and plans interest hikes earlier than expected.

Singapore’s PSB Academy launches Ethereum-hosted blockchain diploma

PSB Academy, a private education institution in Singapore, ACCESS, a crypto non-profit, and learning platform Skilltree today announced the launch of a blockchain diploma program.