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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

Blockchain payment platform Veem announces integration with QuickBooks

Jul 06, 2017 04:12 am UTC| Digital Currency

Veem, a global payment service provider, has announced a new integration with QuickBooks Online which will help QuickBooks users and accounting professionals streamline the process of making international payments. With...

Blockchain Revolution Series

Barclays’ Rise to host variety of fintech events during London Fintech Week

Jul 05, 2017 10:31 am UTC| Fintech

Rise, an open innovation programme created by Barclays, is going to host a number of events during the London FinTech Week from 10-14 July at 41 Luke Street, London. The events include discussions on the current hot...

Blockchain Revolution Series

Russia to get blockchain competence center in September

Jul 05, 2017 06:57 am UTC| Digital Currency

Vnesheconombank, a Russian state corporation, along with Ethereum and Bitfury, are going to set up the first Russian competence center focusing on blockchain and distributed ledger technologies (DLTs), CoinFox...

Blockchain Revolution Series

JPMorgan's Ethereum blockchain platform ‘Quorum’ adopts AMIS new consensus algorithm

Jul 05, 2017 05:33 am UTC| Digital Currency

Blockchain developer AMIS, announced the release of Istanbul Byzantine fault tolerant consensus protocol (Istanbul BFT), the new tool that reduces the complexity and energy consumption of verifying transactions made on the...

Blockchain Revolution Series

Commerzbank and Fraunhofer IML team up on blockchain-based trade finance research project

Jul 05, 2017 05:15 am UTC| Digital Currency

Commerzbank and Fraunhofer-Institute for Material Flow and Logistics (IML) have joined forces on a research project focusing on the digitization of trade finance using blockchain and distributed ledger technology...

Blockchain Revolution Series

Coinsilium exits investment in blockchain-based nanopayments company SatoshiPay

Jul 05, 2017 04:20 am UTC| Digital Currency

Coinsilium Group Limited, a London-based accelerator financing and managing the development of early-stage blockchain companies, has announced that its wholly-owned subsidiary Seedcoin Limited has entered into a...

Blockchain Revolution Series

Deloitte, Waves Platform enter strategic partnership to offer customized blockchain solutions

Jul 04, 2017 12:16 pm UTC| Digital Currency

Deloitte CIS has signed a memorandum of strategic partnership with Waves Platform, leading developer of blockchain solutions. The collaboration will provide clients with initial coin offering (ICO) services as well as...

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Economy

Nigerians throw naira notes around to show love: but it could land you in jail

The legal implication of physically damaging the naira, Nigerias currency, came into focus recently with the prosecution of at least two celebrities by the countrys Economic and Financial Crimes Commission. Nigeria has a...

The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system

Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isnt very dependent on it. Indeed, looking at trade as a percentage of gross domestic product a metric...

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

Politics

Sudan’s civil war is rooted in its historical favouritism of Arab and Islamic identity

The current civil war in Sudan goes beyond a simple power struggle between two generals. It reflects a deep-rooted crisis within the countrys governing structure thats been present since it gained independence from the...

South Africa’s youth are a generation lost under democracy – study

South African president Cyril Ramaphosa recently painted a rosy picture in which the countrys youth democracys children had enormous opportunities for advancement, all thanks to successive post-apartheid governments led...

Sadiq Khan on track for third term as London mayor – but nearly half of Londoners dissatisfied with performance

Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2. One poll we commissioned as part of our...

The politics stopping the UK from opening a youth mobility scheme with Europe

Earlier this week, it seemed possible that young people in the UK might soon be able to travel freely to work and live in Europe again. The European Commission laid out proposals to open mobility to millions of 18- to...

Biden administration tells employers to stop shackling workers with ‘noncompete agreements’

Most American workers are hired at will: Employers owe their employees nothing in the relationship except earned wages, and employees are at liberty to quit at their option. As the rule is generally stated, either party...

Science

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Technology

Rivian Eyes Apple Partnership After Landing $1.5M per Job Government Boost

In a striking turnaround from its near-collapse, Rivian Automotive is now in discussions for a potential partnership with Apple. This comes after securing a whopping $1.5 million per job created in government incentives,...

NVIDIA & AMD Secure TSMC’s CoWoS Supply Through 2025 Amid AI Boom

AMD and NVIDIA have reportedly locked in all of TSMCs Chip-on-Wafer-on-Substrate (CoWoS) manufacturing capacity for the next two years. This strategic acquisition aims to propel their respective advances in artificial...

USDh Launches as First Bitcoin-Backed Dollar Offering 25% Yield

In a groundbreaking development in Bitcoin-native decentralized finance (DeFi), Hermetica has announced the launch of USDh, the first synthetic dollar backed by Bitcoin with a promising yield of up to 25%. Set to debut in...

Huawei's Mate 70 Series to Run on Kirin 9100 Chip: AnTuTu Scores Equal Snapdragon 8 Gen 1

Rumors swirl around Huaweis upcoming Mate 70 flagship series, hinting at a groundbreaking inclusion: the Kirin 9100 chipset. Initial performance figures suggest the chip matches Qualcomms Snapdragon 8 Gen 1, setting the...
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