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…
This week, NEO, an open-source blockchain platform based in China, announced “a partnership to build an open cross-chain platform and establish the foundation for next-gen Internet.” Both NEO and Ontology were founded by Da Hongfei and Erik Zhang. Interoperability is significant in world of blockchain because the future of the distributed web lies in the ability…
Taiwan faces an existential threat. It is a nation that is dependent on exports, but like other developed nations, recognizes that in order to survive, it needs to champion high-technology industries as labor-intensive industries leave for nations with cheaper workforces like Vietnam or China. Could blockchain and cryptocurrency be part of the answer? Jason Hsu…
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…
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…
TALLINN, Estonia – Innovative trading platform Geco.one launched its Initial Exchange Offering (IEO) today. Geco.one is novel because lets users invest with a professional cryptocurrency trader. Any user can select a trader on the platform and let that trader manage their assets. The trader combines the assets with their own trades. The company says since…
Taiwan’s Financial Supervisory Committee (FSC) has recently released guidance on STO rules. What does this mean for the regulation in Taiwan, particularly as it emerges as a hub for blockchain growth and development? Angie Lau, Editor-in-Chief of Forkast.News sits down with Sam Reynolds to learn more. Read the related piece from Sam Reynolds: Innovation versus…
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…
Taiwan is known as a hub for semiconductors and technology, but not finance. While neighboring Hong Kong has HSBC, and Singapore to its south has DBS, Taiwan’s financial sector — mighty on paper in its own right with approximately $1 trillion in financial assets on the books — lacks the global cachet of its neighbors.…
Facebook’s proposed cryptocurrency faced strong political headwinds from U.S. lawmakers. Democratic Rep. Maxine Waters, chair of the House Financial Services Committee, demanded Facebook stop development of Libra, the cryptocurrency the company unveiled on Tuesday. “Given the company’s troubled past, I am requesting that Facebook agree to a moratorium on any movement forward on developing a…