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A block chain or blockchain is a permissionless distributed database that maintains a continuously-growing list of transaction records hardened against tampering and revision. It consists of blocks, holding batches of individual transactions. Each block contains a timestamp and an information linking it to a previous block. The block chain is seen as the main technical innovation of bitcoin, where it serves as the decentralized public ledger of all bitcoin transactions. This original design has been the inspiration for other cryptocurrencies and distributed databases. In this series, we cover latest development stories related to blockchain and its applications around the world.

Blockchain Revolution Series

Hyperchain claims ‘first quasi-unicorn’ status in Chinese blockchain industry with $226M Series B funding

Jun 04, 2018 11:38 am UTC| Digital Currency

Chinese blockchain startup Hyperchain Technologies has announced an RMB1.5 billion (approximately $226 million) a series B funding round. In its official release, Hyperchain listed the investors who are participating in...

Blockchain Revolution Series

Dubai takes-up digital Silk Road project backed by Blockchain

Jun 04, 2018 11:02 am UTC| Fintech Commentary Research & Analysis Insights & Views

Dubai has swiftly developed a hub for blockchain innovation in the recent past. Umpteen number of prospective options are lined up with the backing of the local government, but yet to be explored in detail. One of the...

Blockchain Revolution Series

Ripple commits over $50M to University Blockchain Research Initiative

Jun 04, 2018 10:50 am UTC| Digital Currency

Blockchain startup Ripple, in collaboration with leading universities, has announced a new initiative to support and accelerate academic research, technical development and innovation in blockchain, cryptocurrency and...

Blockchain Revolution Series

“Ethereum” googled over 110M times: ConsenSys’ ‘The State of the Ethereum Network’

Jun 04, 2018 10:22 am UTC| Digital Currency

Blockchain startup ConsenSys has published a snapshot of the Ethereum blockchain. In an online post dated June 1, the company highlighted key facts and figures of Ethereum since its inception in 2015. Here are some of...

Blockchain Revolution Series

Samsung SDS announces AI and blockchain-based finance platform ‘Nexfinance’

Jun 04, 2018 08:50 am UTC| Digital Currency

Samsung SDS, an IT subsidiary of South Korean tech giant Samsung Group, has announced a blockchain and artificial intelligence (AI)-based financial platform, Nexfinance. Nexfinance is a digital financial platform with...

Initial Coin Offering Series

Blockchain Revolution Series

Block.one announces EOSIO release, raises over $4B in ICO but becomes victim to phishing scams

Jun 04, 2018 06:00 am UTC| Digital Currency

Blockchain startup Block.one has launched version 1.0 of its open source EOSIO blockchain software, which will enable businesses to rapidly build and deploy high-performance and high-security blockchain-based...

Blockchain Revolution Series

Chinese tech titan Baidu unveils new blockchain protocol ‘Super Chain’

Jun 04, 2018 05:04 am UTC| Digital Currency

Chinese search engine giant Baidu has announced the launch of its new blockchain protocol, Bitcoinist reported. Dubbed Super Chain, the solution aims to solve the issues relating to energy consumption in mining...

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Economy

UK gilts narrowly mixed ahead of BoE’s monetary policy decision, Governor Carney’s speech

The UK gilts remained narrowly mixed during European session Wednesday ahead of Bank of Englands (BoE) monetary policy meeting, scheduled to be held on June 21 and Governor Mark Carneys speech, following the decision, for...

Euro area’s lower growth indicators, Italy’s political uncertainty dampen prospects of higher Nordic exports: Danske Bank

Lower growth indicators in the euro area dampen the prospects for the most important markets for Nordic exports, and the political uncertainty in Italy also risks undermining European growth, according to the latest...

Upward pressure on USD/CNY likely to affect remaining Asian exchange rates, says Commerzbank

An upward pressure on the USD/CNY exchange rate is expected to affect the remaining Asian exchange rates, according to the latest research report from Commerzbank. The Chinese stock market fell sharply yesterday in...

Bank Negara Malaysia likely to maintain OPR at 3.25 pct for rest of this year, says ANZ Research

Bank Negara Malaysia (BNM) is expected to maintain the Overnight Policy Rate (OPR) at 3.25 percent for the rest of this year and the appointment of a new Governor is unlikely to change the central banks reaction function,...

Global Geopolitical Series: U.S. imposes AD on imports of low melt polyester fiber from South Korea and Taiwan

Yesterday, U.S. Commerce Department slapped anti-dumping duty (AD) on imports low melt polyester staple fiber from South Korea and Taiwan as it announced final results of an AD investigation that was initiated by the...

Politics

Venezuelans are boycotting their presidential election

Venezuelas May 20 presidential election may be an election in name only. Nicolás Maduro is widely expected to be reelected as Venezuelas president despite his 20 percent approval rating and profound mismanagement...

Ramaphosa's new dawn: much better, but not nearly enough

Cyril Ramaphosas rise to power has been greeted enthusiastically by most South Africans. Their hope is that the new president represents a leadership cohort within the governing African National Congress (ANC) thats...

Profile: Avigdor Lieberman, Israel's hardline defence minister

One of the most divisive figures in Israeli politics, Avigdor Lieberman, has been his countrys defence minister since May 2016. Despite his publicly acrimonious relationship with the prime minister, Benjamin Netanyahu,...

The first terrorist act in Indonesian prison: the triggers and how to prevent them

Indonesia witnessed another terrorist act last week. But, this time, it occurred in a maximum-security detention centre located at the polices Mobile Brigade headquarters in Depok, West Java. More than 150 terrorist...

South Africa's print media is failing to empower citizens on corruption

The mainstream media can play an important role in fighting corruption. Investigative journalists in South Africa, for instance, helped to expose how the politically connected Gupta family captured elements of the...

Science

Bacteria Could Be the Key To Breathing on Mars, Study Says

The atmosphere on Mars is so thin that humans wont be able to breathe on the red planet unless they are wearing space suits. With plans to colonize it, wearing the bulky apparel would pose a considerable level of...

Magnets Could Be the Key to Better Wine, Study Finds

Humans have been making wine since pre-historic times, with the discovery of alcoholic beverages made from honey dating thousands of year back. Throughout the millennia, new methods for wine-making have cropped up. This...

Antipsychotic Drugs Increases Risks Of Obesity and Diabetes In Children, Study Says

Update: The article previously mentioned that antipsychotic drugs were used to treat attention deficit hyperactivity disorder (ADHD). The study does not mention this fact and we apologize for the inaccurate statement....

Scientists Just Found A Black Hole That Is Eating Everything In Its Path

Black holes are some of the most terrifying subjects in the realm of science. Not only do they offer a glimpse into the raw power that is present in the universe, they also invoke undefinable terror in those who imagine...

Salt Could Prevent Hearing Loss After An Explosion

In movies, whenever a bomb goes off or an explosion occurs, there is that iconic moment where sounds are muffled and there is a high-pitched ring that pervades the whole scene. While films can go over-the-top with regards...

Technology

Employees Ask Microsoft CEO to Cut Ties with ICE Following Family Separations at U.S. Borders

Just like many people in and outside of the United States, employees of tech giant Microsoft have expressed their disappointment over the issue of family separation at the U.S. borders and called on CEO Satya Nadella to...

Keepsafe Launches Its Own Browser for 'Discreet' Surfing

Software company Keepsafe further expands its online security-focused services by introducing its very own mobile browser app. In the past several years, major online companies such as Google and Mozilla have introduced...

Developers Part Ways with Analytics Software Red Shell Following Claims That It's Spyware

Recently, a lot of video game fans have raised concern that the analytics software Red Shell is a type of spyware. So, several video game developers responded by dropping their partnership with the company. First, what...

Leading South Korean Crypto Exchange Bithumb Hacked; $31.5M Stolen

Bithumb, the leading cryptocurrency exchange in South Korea, has been hit by hackers, Cointelegraph reported. The attackers made off with 35 billion won ($31.5 million), which resulted in the exchange ceasing its deposit,...

Facebook Develops AI Program That Fixes Photos with Blinking Subjects

The use of artificial intelligence extends to fixing photos where subjects, by accident, have their eyes closed, and a Facebook research aims to introduce a program that can produce realistic results. Facebook engineers...
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June 20 11:00 UTC Released

USYr Mortgage Rate

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4.83 %

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4.83 %

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1052.3 %

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992.2 %

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-1541 %

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-1541 %

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