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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

SARB accomplishes pilot project on JP Morgan’s Ethereum-based Blockchain

Jun 06, 2018 14:18 pm UTC| Research & Analysis Central Banks Fintech Insights & Views

Lets refresh our memories on a few critics, a few months ago JP Morgan chief, Mr. Jammie Dimon, has long been an ardent critic of bitcoin. In an interview with Fox Business, Mr. Dimon said that he trusts blockchain as a...

Blockchain Revolution Series

Digital Currency Revolution

Cryptocurrency exchange Huobi to develop own public blockchain

Jun 06, 2018 11:08 am UTC| Digital Currency

Leading cryptocurrency exchange Huobi is seeking to build its first public and decentralised blockchain, according to South China Morning Post. Huobi will fund the blockchain, dubbed Huobi Chain, with 30 million Huobi...

Blockchain Revolution Series

German blockchain startup XAIN secures €6m in seed funding

Jun 06, 2018 10:42 am UTC| Digital Currency

German blockchain and AI startup XAIN has secured around 6 million in a seed funding round led by Earlybird. The latest round also saw participation from international strategic investors, especially from Asia....

Blockchain Revolution Series

Crypto exchange Binance to invest in esports tokenization platform

Jun 06, 2018 09:39 am UTC| Digital Currency

Leading cryptocurrency exchange Binance is going to make an investment in chiliZs new tokenization platform for the esports and sports industries. chiliZ is a subsidiary of Malta-based Mediarex Group, a global sports...

Blockchain Revolution Series

Japan’s Fujitsu releases Blockchain Asset Service

Jun 06, 2018 08:53 am UTC| Digital Currency

Fujitsu, a leading Japanese information and communication technology (ICT) company, has announced the launch of Fujitsu Intelligent Society Solution Blockchain Asset Service, with its sales kicking off today in...

Blockchain Revolution Series

ZenCash, Infopulse partner to develop treasury voting system

Jun 06, 2018 06:42 am UTC| Digital Currency

ZenCash, a privacy-focused cryptocurrency, has entered into a partnership with Infopulse, an international software research and development company, to collaborate on key research and development projects on the Zen...

Blockchain Revolution Series

PBoC develops blockchain system to digitize checks

Jun 06, 2018 05:51 am UTC| Digital Currency

The Peoples Bank of China (PBoC) has completed its initial work on a blockchain-based system that digitizes checks issued by domestic businesses, CoinDesk reported referring to an op-ed by a senior PBoC official. Di...

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Economy

U.S. annual GDP seen rising to 2.6 pct this year, may slow in next: Danske Bank

The United States economy is still in good shape although GDP growth slowed slightly in Q1 2018. It is the first time since the investment downturn hit the economy that GDP growth has been above 2 percent annualised in...

New Zealand bonds jump at close tracking U.S. Treasuries after ECB's decision to stay on pat until mid-2017

New Zealand bonds closed Fridays trading session on a higher note, tracking similar movement in the United States counterpart in the overnight session after the European Central Bank (ECB) announced in its monetary policy...

U.S. Treasuries surge despite FOMC’s widely anticipated rate hike; eyes on May retail sales

The U.S. Treasuries surged Thursday ahead of the countrys retail sales for the month of May and weekly initial jobless claims, scheduled to be released today by 12:30GMT respectively. However, the widely anticipated 25 bps...

UK gilts remain divided even as May retail sales beat market expectations

The United Kingdoms gilts remained narrowly divided Thursday after the countrys retail sales for the month of May smashed market expectations, largely owing to the royal wedding and warm weatherthat buoyed shopping...

German bunds slump after May CPI remains unchanged; eyes on ECB’s monetary policy decision

The German bunds slumped during European session Thursday after the countrys consumer price inflation for the month of May, remained unchanged at 0.5 percent m/m, meeting market expectations as well and now investors turn...

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...

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...

Would America vote for Oprah for president?

America has had a black president. Is the country ready for a black president who is also a woman? Speculation about the candidacy of Oprah Winfrey makes clear that some voters think so. Granted, Winfrey says she...

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

Blockchain Tech Will Be Obsolete, Says International Affairs Strategist

Blockchain technology will be obsolete, claimed George Friedman, a prominent geopolitical forecaster, international affairs strategist and author of The Next 100 Years: A Forecast for the 21st Century. Known to go...

'Fortnite' to Get Stink Bomb as Smoke Grenade Replacement

Fortnite developers are going to release the remedy for the absence of the Smoke Grenade from the battle royale-themed video game. On Sunday, Fortnite players noticed that Epic Games has listed an all-new weapon on the...

‘Fortnite’ Releases Teaser for Launch of Really Big Rockets

As part of the upcoming Season 5 of Fortnite Battle Royale, Epic Games is once again teasing players with hints of whats to come. The most recent of these are the icons and countdowns that are making their appearances on...

Sony Deal Yields PS4 Exclusives for ‘Destiny 2: Forsaken,’ Including Gear, Exotic Weapon

A new expansion for Bungies Destiny 2 title has injected new life into fans who have been languishing in disappointment over the developers numerous blunders. Called Forsaken, this new content is meant to liven up the...

NYC's Nintendo World Receives Bomb Threat Reportedly over Super Smash Bros. Kiosk Removal

The main Nintendo store in New York City, Nintendo World, recently received a bomb threat from a disgruntled fan. Apparently, the person wasnt happy about the removal of Super Smash Bros. kiosks from the store. According...
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June 18 00:30 UTC Released

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