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Blockchain Revolution Series

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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

Libra: four reasons to be extremely cautious about Facebook's new currency

Jun 23, 2019 14:21 pm UTC| Insights & Views Technology

Facebook has unveiled libra, a cryptocurrency that will enable users to make international payments over Messenger and other group platforms like WhatsApp perhaps from as soon as 2020. Heres how it looks likely to...

Blockchain Revolution Series

With cryptocurrency launch, Facebook sets its path toward becoming an independent nation

Jun 19, 2019 02:06 am UTC| Insights & Views Technology

Facebook has announced a plan to launch a new cryptocurrency named the Libra, adding another layer to its efforts to dominate global communications and business. Backed by huge finance and technology companies including...

Blockchain Revolution Series

Facebook claims Libra offers economic empowerment to billions – an economist is skeptical

Jun 19, 2019 02:05 am UTC| Insights & Views Technology

Facebook is joining the cryptocurrency craze. Should we be concerned? The social network site on June 18 said its launching a new cryptocurrency called Libra with the help of 27 partners, including MasterCard, Visa,...

Blockchain Revolution Series

Creatives in the country? Blockchain and agtech can create unexpected jobs in regional Australia

Jun 12, 2019 23:51 pm UTC| Insights & Views Technology

Digital technologies such as artificial intelligence (AI) and robotics are said to make many jobs redundant due to automation. BeefLedger, a QUT research project with a focus on blockchain and agtech (agricultural...

Blockchain Revolution Series

Blockchain can help break the chains of modern slavery, but it is not a complete solution

May 02, 2019 17:29 pm UTC| Insights & Views Technology Digital Currency

Theres a good chance the device on which you are reading this contains cobalt. Its an essential metal for batteries in phones and laptops. Theres also a chance the cobalt was mined by slaves. Almost two-thirds of the...

Blockchain Revolution Series

The future of blockchain according to experts in the energy sector

Mar 06, 2019 14:01 pm UTC| Insights & Views Technology

Blockchain technology is a decentralised digital ledger that keeps public but encrypted records of peer-to-peer transactions. All members of a blockchain network can verify whether a transaction occurred or not, rendering...

Blockchain Revolution Series

Accenture's Global Payment Managing Director Looks Optimistic on Ripple's Overseas Transaction Services

Feb 26, 2019 06:28 am UTC| Research & Analysis Digital Currency Insights & Views

Accentures Global Payments head, Gareth Wilson, orated about the future prospects that the payments industry could foresee in 2019, as per Accentures banking blog, dated February 18, 2019. Wilson mentioned that he...

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Economy

U.S.-Indonesia Trade Deal Faces Uncertainty as Jakarta Reconsiders Key Commitments

A landmark U.S.-Indonesia trade agreement announced in July is now in jeopardy, as U.S. officials say Indonesia is stepping back from critical commitments made during negotiations. According to a U.S. official speaking on...

Stocks Slip as Investors Brace for Fed Decision and JPMorgan Warning Weighs on Markets

The SP 500 ended slightly lower on Tuesday as Wall Street awaited a pivotal Federal Reserve decision and reacted to a warning from JPMorgan that pressured the broader market. Investors expect the Fed to deliver a...

U.S. Open to Special Trade Terms for South Africa Under Possible AGOA Extension

U.S. Trade Representative Jamieson Greer signaled on Tuesday that the United States may consider treating South Africa differently from other sub-Saharan African nations if Congress decides to extend the African Growth and...

Oil Prices Dip as Markets Watch Ukraine Peace Talks and U.S. Rate Decision

Oil prices slipped on Tuesday, extending the previous sessions losses as traders assessed geopolitical developments, rising global supply, and the upcoming U.S. Federal Reserve interest rate decision. Brent crude settled...

Asian Currencies Hold Steady as Traders Await Fed Decision; Aussie Dollar Edges Higher

Asian currencies traded mostly flat on Tuesday as investors adopted a cautious stance ahead of the U.S. Federal Reserves policy meeting, which begins later in the day. Market participants are watching closely for signals...

Politics

Senate Set for Vote on GOP Healthcare Plan as Debate Over ACA Subsidies Intensifies

The U.S. Senate is preparing for a crucial vote on Thursday as Republicans advance a new healthcare proposal while Democrats push to extend key Affordable Care Act (ACA) subsidies. Senate Majority Whip John Thune confirmed...

Trump Set to Begin Final Interviews for Next Federal Reserve Chair

U.S. President Donald Trump is preparing to launch a final round of interviews as the administration moves closer to selecting the next Federal Reserve chair, according to a report from the Financial Times. The selection...

Trump’s Approval of AI Chip Sales to China Triggers Bipartisan National Security Concerns

The Trump administration is facing strong backlash from China hawks and Democratic lawmakers after authorizing Nvidia, AMD, and Intel to sell advanced AI chipsspecifically Nvidias H200to China. President Donald Trump...

Trump Envoys Reportedly Press Zelenskiy for Swift Response to Controversial U.S.-Backed Peace Proposal

Ukrainian President Volodymyr Zelenskiy has reportedly been given only a few days to respond to a U.S.-backed peace proposal delivered by envoys representing President Donald Trump, according to a Financial Times report...

Ukraine, European Leaders Prepare “Refined” Peace Plan as U.S. Pressures Kyiv for Deal

Ukraine and its European allies are finalizing a set of refined documents outlining a new peace proposal aimed at ending the war with Russia, President Volodymyr Zelenskiy announced after a series of high-level diplomatic...

Science

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

EssilorLuxottica Bets on AI-Powered Smart Glasses as Competition Intensifies

EssilorLuxottica is doubling down on smart eyewear innovation, with its Ray-Ban Meta glasses delivering their first meaningful revenue boost since launch. These AI-powered frames, developed with Meta, aim to redefine...

Microsoft Unveils Massive Global AI Investments, Prioritizing India’s Rapidly Growing Digital Market

Microsoft has announced more than $23 billion in new global artificial intelligence investments, with the majority directed toward India as the tech giant accelerates its presence in one of the worlds fastest-growing...

SpaceX Reportedly Preparing Record-Breaking IPO Targeting $1.5 Trillion Valuation

SpaceX is reportedly moving forward with early plans for a massive initial public offering that could raise more than $30 billion, potentially making it the largest IPO in history. According to a Bloomberg News report...

Adobe Strengthens AI Strategy Ahead of Q4 Earnings, Says Stifel

Adobe (NASDAQ: ADBE) is heading into its fourth-quarter earnings with a clearer generative AI strategy and improved communication, helping ease a year of investor uncertainty, according to a new note from Stifel analysts....

Australia Enforces World-First Social Media Age Limit as Global Regulation Looms

Australia has officially become the first country to enforce a nationwide minimum age for social media use, requiring major platforms like Instagram, TikTok and YouTube to block users under 16. Starting Wednesday, the new...