The rising tide of decentralization in mass movements
Alternative approaches to governance have never been more important, writes Alexander Filatov of TON Labs. Here is how DAOs can change the world.
Polygon upgrade ignites token burn to make MATIC more valuable
Polygon’s upgrade, which piggybacks off Ethereum’s EIP-1559, makes MATIC deflationary while allowing users to estimate gas fees more accurately.
Up to code: Bringing digital assets into the regulatory architecture
If 2021 was a breakout year for crypto, this year may mark a similar advance for regulation of the industry, says Caroline Malcolm, Chainalysis’ new policy chief.
North Korea hacked US$400M of crypto in 2021, says Chainalysis
State-backed hackers from North Korea stole cryptocurrencies worth about US$395 million last year across at least seven cyber attacks, according to Chainalysis, a blockchain data company. Fast facts Several of the attacks were likely led by Lazarus, a group of hackers believed to be backed by North Korea’s primary intelligence agency, the Reconnaissance General Bureau, […]
Palau to issue stablecoins in digital overhaul, president says
Palau will issue a stablecoin to support plans for a digital overhaul of its economy, according to its president. Fast facts President Surangel S. Whipps, Jr. said the Pacific archipelago was also working on establishing a crypto exchange, a corporate registry and digital wallets for each resident in its digital revamp. Palau is planning a […]
Blockchain to enhance water supply chains in northern Australia
A new project in northern Australia is using blockchain technology to improve supply chains in the water market in one of the first applications of its kind. Fast facts More than 1,000 farmers in the northeastern state of Queensland have partnered with blockchain firm Civic Ledger and other groups for the project to address growing […]
Blood, sweat and tiers: Why layer 2 remains the bedrock of Bitcoin development
How has layer-2 innovation saved Bitcoin from becoming a victim of its own success? Blockstream chief Adam Back explains.
Tendermint CEO Peng Zhong on how the Cosmos ecosystem is connecting a multi-chain world
In a special Q&A, a core contributor to the rapidly expanding Cosmos ecosystem discusses the ‘internet of blockchains’ and the new cross-chain economy.
Crypto is presidential election campaign issue for South Korea
In South Korea, a new presidential administration will be chosen in March. Here’s where the four major candidates stand on Korea’s booming virtual asset space.
Ignore the rise of Web3 credit unions at your peril
Today’s consumers are looking for more equitable financial services, writes Sean Rach of hi. Here’s how blockchain can offer a nonprofit banking alternative.
Bitcoin at 13; Raising capital on the blockchain.
Bitcoin is now a teenager but it’s not a celebration for some as Indian tax authorities raid crypto businesses.
Blockchain interoperability will take center stage in 2022, Aventus CEO predicts
Aventus CEO Alan Vey also predicts the decentralized finance rally is just getting started. Which blockchains does he see growing massively in the new year?
Top 5 blockchain trends for 2022 and beyond
Looking beyond this year’s headlines like El Salvador’s Bitcoin adoption, here are the key developments in blockchain technology that will have lasting impact in the new year and beyond.
How to protect crypto privacy in the age of regulation
It’s a myth that crypto transactions are anonymous, writes Warren Paul Anderson of Discreet Labs. Confusing anonymity with privacy is what causes trouble.
Former Bitcoin.com CEO sees crypto prices plunging in 2022
In December 2020, Stefan Rust successfully predicted a ‘Cambrian Explosion’ of crypto tokens. Now he says 2022 will be when the crypto markets will be ‘flooring out.’
Will a second country adopt Bitcoin as legal tender in 2022?
Bitcoin adoption soared in 2021 with El Salvador’s currency experiment with the help of the layer-2 scalers. Will Lightning strike twice in 2022?
Does content moderation on platforms like OpenSea amount to censorship?
What are the responsibilities of blockchain companies when it comes to freedom of expression? A controversial cartoonist finds out the boundaries.
How blockchain can transform the global shipping sector
Blockchain promotes trust and can greatly cut transaction costs, writes Edmund To of GSBN. So why is the shipping industry still clinging to paper documents?
New Cosmos, Mastercard projects to boost Ethereum scalability
With Ethereum usage at all-time high, a Cosmos ‘bridge’ to other blockchains and Mastercard rollups aim to solve a major problem plaguing the Eth network.
The Forkast.News guide to last-minute blockchain and crypto gift ideas
Not yet done with your holiday shopping? Here are ideas for all the loved ones on your list, whether they are tech-savvy or merely crypto-curious.
Hong Kong-based Brinc closes $130M funding led by Animoca Brands to fuel Web 3.0 growth
Brinc, a Hong Kong-headquartered venture capital focused on Web 3.0, today announced that it has secured US$30 million in a Series B round and an additional US$100 million for startup investments. The funding was led by Animoca Brands — a Hong Kong-based blockchain gaming, metaverse and non-fungible token (NFT) company — to further fuel Brinc’s investment in […]
Solana suffers network slowdown, raising questions around proof of history
Confusion surrounded the Solana blockchain community over the weekend as a sudden drop in transaction speeds was initially believed to be a distributed denial of service (DDoS) attack, resulting in a lengthy debate as to the cause of the delay. Fast facts Solana-based non-fungible token (NFT) platform Blockasset was one of the first to highlight […]
Shibu Inu coin struggles; Blockchain an inflation hedge solution?
Shibu Inu coin struggles, meanwhile could blockchain an inflation hedge solution?
What is Polygon (MATIC) — ‘Ethereum’s internet of blockchains’?
Polygon envisions a world where value can be exchanged without borders. In this Forkast.News explainer, find out how Polygon works and why its MATIC token is defying crypto market gravity — again.
S. Korean blockchain VC Hashed under tax investigation as CEO denies tax evasion
South Korea’s National Tax Service (NTS) recently launched an intensive tax investigation into blockchain and crypto venture capital firm Hashed, while its CEO denies any involvement in slush fund raising or tax evasion, according to local media reports. Fast facts Hashed confirmed that it had cooperated with the 4th Bureau of Investigation from the Seoul […]
Suzhou will set up China’s first blockchain pilot demonstration zone
Suzhou, a city located in Jiangsu province, will set up China’s first blockchain demonstration pilot zone, supported by the Ministry of Industry and Information Technology (MIIT), according to a local media report. Fast facts MIIT agreed to Jiangsu Province’s request for support to set up a pilot zone for blockchain in Suzhou and said it […]
Tencent Cloud wins bid to build massive blockchain platform in Beijing
The Beijing Municipal Government announced the bidding results for the city’s blockchain and computing power platform. Tencent Cloud and government-tied enterprise Beijing Microchip Sensing Technology won the bid and will be paid US$37 million to build the system. Fast facts According to the bid’s quotations, Tencent Cloud will provide the cloud service for the blockchain […]
What is ENS (Ethereum Name Service) and how does it work?
ENS allows for a readable username that is portable across dApps and blockchains. Why is it important for the Web 3.0 world? Forkast.News explains.
Blockchain investigation firm TRM Labs raises $60M led by Tiger Global
Blockchain intelligence firm TRM Labs has raised US$60 million in a Series B funding round led by investment firm Tiger Global, the company announced on Tuesday. Fast facts Also participating in the financing round were American Express’ Amex Ventures, Visa, B Capital Group, Citi Ventures, DRW Venture Capital, Blockchain Capital, Jump Capital, Marshall Wace, Block […]
India releases ‘National Strategy on Blockchain’ for e-governance
The Indian ministry of electronics and information technology (MeitY) has released a 52-page “National Strategy on Blockchain” document that urges closer cooperation between government and the private sector to build blockchain infrastructure across the world’s second-most populous nation. Fast facts It is to be noted that the current NSB document is an updated version from […]
Navi files for India’s second blockchain fund
The fund will track companies that use and benefit from the technology underlying cryptocurrencies, but will not invest in crypto or crypto exchanges.
How blockchain tech can be the supply chain’s strongest link
Supply chain woes are deepening as seasonal consumer demand meets a logistics logjam. Dennis Delgado of SyncFab explains how blockchain can help.
South Korea’s Hashed raises $200 million for Web3
Distinguished names in South Korean industry have invested in Hashed Venture Fund II to promote the Web3 ecosystem.
What is Cosmos — the ‘internet of blockchains’?
The Cosmos ecosystem is expanding rapidly with inter-blockchain transfers on the rise. What makes Cosmos different from other blockchains? Forkast.News explains.
Why a decentralized metaverse is Web 3.0’s new frontier
The metaverse is a convergence of the physical and digital worlds, writes Gloria Wu of Ontology. How can the metaverse escape Web 2.0’s failings?
Metaverse tokens lead market growth; BTC options set to expire
The metaverse has been the hottest trend in tech this past month and tokens attached to metaverse projects are showing that growth with the Sandbox’s SAND and Decentraland’s MANA are both up over 600% in the past month to reach all-time highs of US$8.51 and US$5.90 yesterday, respectively, according to CoinMarketCap. Fast facts The Sandbox […]
How high fashion is waking up to blockchain’s possibilities
Luxury fashion houses set trends that trickle down to the rest of culture. Here’s where brands like Prada and Burberry are headed on the blockchain curve.
Why Arbitrum and rollups are dominating Ethereum scaling
Arbitrum is leading the way in Ethereum scaling, according to a new report by Nansen, a blockchain analytics platform. What are the challenges that lie ahead?
More Chinese regional equity exchanges pilot blockchain application
Two more regional equity exchanges in the Chinese cities of Tianjin and Qingdao have been approved by the China Securities Regulatory Commission this week to pilot blockchain applications over equity trading. Fast facts The regional equity exchanges are private equity markets in provincial or municipal administrative regions for medium to micro enterprises to trade equity. […]
Ontology partners with bloXmove on decentralized transport infrastructure
BloXmove will use the Ontology blockchain to allow people to have one decentralized, secure identifier to share across multiple transportation apps.
What is Algorand and why is it a blockchain to watch?
Algorand ‘re-imagines’ blockchain by trying to solve key weaknesses of Bitcoin. Learn about this wannabe Ethereum killer in this Forkast.News explainer.
China fintech pilot projects include e-CNY, blockchain
The Beijing Securities Regulatory Bureau released a list of a first batch of 16 fintech pilot projects. Among the listed projects, four are based on blockchain and one uses e-CNY, the central bank digital currency. The projects are for exploring regulatory frameworks and tools for fintech. Fast facts The e-CNY-based fintech project will allow users […]
Are surveillance and taxation coming soon to a blockchain near you?
The US Infrastructure Act has provisions that should make crypto advocates shudder, writes Alex Shipp of Offshift. Who will stand up for crypto’s core values?
What decentralization can offer Web 3.0 and social media | Part 1
How blockchain technology can usher in the next stage of the internet and social media, through decentralized hosting and integration with cryptocurrency.
What is a DAO — and can it replace your employer?
Out of nowhere, a leaderless ‘flash mob’ of crypto investors pops up to buy a rare copy of the US Constitution. What are DAOs and how do they work? Forkast.News explains.
How a 12-year-old boy developed an NFT voting platform for the Philippines
Blockchain-powered iVote.ph lets users ‘vote’ on NFTs depicting presidential candidates in the Philippines. Can the underlying technology be trusted?
DeFi fraud and thefts rose 600% in 2021 to reach $10.5B
Billions have been stolen through hacks from decentralized finance protocols, with Ethereum seeing the bulk of losses, according to a report by Elliptic.
Indian regulator greenlights first blockchain feeder fund
Indian investors will now get exposure to global companies in the blockchain ecosystem as the Securities and Exchange Board of India greenlighted the Invesco CoinShares Global Blockchain ETF Fund of Fund (FoF). Fast facts The feeder fund will invest in the Invesco CoinShares Global Blockchain UCITS exchange-traded fund (ETF), formerly known as Invesco Elwood Global […]
How Fetch.ai and Datarella are bringing crypto and AI to boost micromobility services
The MOBIX marketplace, built on the Fetch.ai blockchain, will enable e-scooter and bicycle users to earn MOBIX reward miles that can be converted to MOBIX tokens.
GBBC maps out global industry standards to analyze digital asset landscape
Global Blockchain Business Council (GBBC), an industry association, has released its Global Standards Mapping Initiative 2.0 to provide a holistic view of the industry’s global activity. Fast facts The initiative maps out the global digital asset landscape in terms of legislation, technical standards, industry standards and recommendations, university sources, as well as industry consortia. Specifically, […]
Earnings for Axie Infinity players drop below Philippines minimum wage
After shooting to prominence earlier in the year and bringing huge profits to early adopters, earnings for players of blockchain-based game Axie Infinity have dropped below the minimum wage line for most players in the Philippines, according to a recent report by research firm Naavik. Fast facts Using data sourced from the official website of […]
Blockchain gaming firm Forte closes $725M Series B funding
In another sign of increasing adoption of blockchain technology in the gaming industry, Forte — a leading provider of blockchain solutions for game publishers — has secured US$725 million in a Series B fundraising round, the firm announced. Fast facts Led by Sea Capital and Kora Management, this follows from the US$185 million it raised […]
How charities can use NFTs to amp up fundraising from viral content
Charities are just beginning to explore the potential of NFTs, writes Billy Sebell of XinFin Network. Here’s how NFTs can help raise big money beyond artwork auctions.
Solana Breakpoint 2021 celebrates price ATH, technology and projects to come on the emerging blockchain
Rounding out an impressive year for the world’s No. 5 blockchain, Solana held its first global offline conference in Lisbon this week. Here’s a look at some of the key moments.
Ethereum’s Web 3.0 ecosystem expands, 3.4 million now into DeFi
Ethereum’s sprawling Web 3.0 ecosystem — which includes the majority of the decentralized finance (DeFi), stablecoins, non-fungible tokens (NFTs) and blockchain gaming worlds — continues to expand and draw users, with 3.4 million Ethereum addresses interacting with DeFi protocols, according to ConsenSys’ Web 3 Q3 2021 report published this week. Led by Ethereum co-founder Joseph […]
For China, quantity of blockchain patent applications not necessarily quality: report
The greatest number does not mean the greatest significance, analytics firm PatSnap says.
Philadelphia joins Miami, NYC in city government blockchain ambitions
Inspired by Miami’s launch of a city token — MiamiCoin — Mark Wheeler, the city of Philadelphia’s chief innovation officer, announced an initiative to bring blockchain and Web 3.0 technology to city governance. Fast facts Wheeler is currently conducting a discovery process to hold conversations with blockchain and Web 3.0 technology developers to understand the […]
Cambridge Centre for Carbon Credits to build carbon credit marketplace on Tezos blockchain
World leaders at the COP26 climate summit this month promised to end deforestation by 2030. But significant challenges to achieving the goal remain to be overcome. The Cambridge Centre for Carbon Credits, based at the University of Cambridge, this week launched with the goal to build a decentralized marketplace of verifiable carbon credits to support […]
Thinking big: Blockchain paradigm shift may upend the social contract
Trust, data privacy and job elimination are some of the challenges that society will face as blockchain ushers in Web3.0, according to Don Tapscott.
Crypto exchange industry consolidating as DEXes surge in popularity
The highly competitive cryptocurrency exchange industry appears to be consolidating, according to blockchain analytics provider Chainalysis as part of its Competitive Landscape Report that will be released next week. Fast facts The number of active cryptocurrency exchanges peaked at 845 in August 2020 and stood at 672 as at August 2021, Chainalysis reported. The exchanges […]
Crypto market cap breaks US$3 trillion: APAC crypto cards to launch
Crypto market cap breaks US$3 trillion, also APAC crypto cards to launch
Companies in China, Australia, Japan, Saudi Arabia start blockchain platform for energy, metal trading
Amid the global energy crisis, nine companies from four countries — China, Japan, Australia and Saudi Arabia — announced they will jointly build a blockchain documentation platform to speed up customs clearance and cargo delivery to trade the commodities of energy, chemical products and metal. Fast facts Platform participants includes Sinochem Energy, Mitsui.Co, Macquarie CGM, Saudi […]
Temasek-founded Affinidi launches new business unit to bring Web 3.0 to financial services to Southeast Asia
Affinidi, a Singapore-based technology company founded by state-owned investment firm Temasek, today announced the launch of a new business unit called Finnovate that aims to serve millions of underbanked individuals and small and medium enterprises across Southeast Asia by leveraging on Web 3.0 blockchain technologies. Fast facts Affinidi Finnovate is partnering with the financial services […]
hashport launches to power cross-network digital asset transfers
hashport, a public utility that facilitates the movement of digital assets between distributed ledger technology networks without the need for a native network token, today announced that it will launch on Nov. 9, according to a media statement. At launch, hashport will connect the Hedera public distributed ledger to the Ethereum and Polygon networks. Fast […]
Why archiving the internet is vital and how a decentralized web can help | Ep. 6
Why archiving the internet is vital for the future, how a decentralized web can help, and why looking at history is a good way to predict the future
Back up Hong Kong: How blockchain has quietly become history’s hard drive
In a city where memories disappear every day, people are turning to blockchain to preserve news archives — so the first drafts of history will survive.
The Sandbox NFT metaverse platform raises $93M in Series B led by SoftBank
Sebastien Borget, COO and co-founder of The Sandbox tells Forkast.News how NFTs and an open and decentralized metaverse is transforming the way we live, work and play.
Why blockchain is the operating system of the digital age
Blockchain has achieved platform status, writes Don Tapscott of Blockchain Research Institute. Get ready for the ‘trivergence’ that will shake up the world.
China eyes blockchain for carbon trading
A department director of the Shanghai Environment Energy Exchange (SEEE) said that blockchain will play an important role in the Chinese carbon cap-and-trade system for confirming, trading, and circulating carbon emission data. The statement comes at a time when China is intensively issuing top-down documents on reducing carbon emission heading into the 26th United Nations […]
Thailand retail giant is testing its own digital currency C-Coin
Central Retail Corp., one of Thailand’s biggest department store chains, has developed a blockchain-based digital currency called C-Coin and is now testing it among employees, Bloomberg reported yesterday. Fast facts The company is currently distributing C-Coin to its 80,000 employees as bonus to their usual salary. Employees can use the crypto coin to shop at […]
China’s national standard for blockchain could be released next year: report
China’s first national standard for blockchain could be released next year and a draft is now in the process of being submitted for approval, an official said earlier this week at an event in the western province of Sichuan, according to a report from local media Chuanguan, run by state-owned Sichuan Daily. Fast facts Li […]
13 years after Bitcoin’s whitepaper, what would Satoshi say?
Bitcoin is growing up in ways not imagined in Satoshi Nakamoto’s 2008 writings that gave birth to it. How will Bitcoin’s future unfold?