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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

Credit union initiative CULedger announces new blockchain-focused business entity

Aug 17, 2017 05:11 am UTC| Digital Currency

CULedger, a credit union industry blockchain initiative, has announced the formation of CULedger, LLC, a new credit union service organization (CUSO). Unveiled last year, CULedger is an endeavor between Credit Union...

Blockchain Revolution Series

Blockchain Ad Network AdEx partners with NEO smart contracts system

Aug 16, 2017 11:38 am UTC| Digital Currency

AdEx Network, a blockchain-based decentralized ad network, has announced its technical partnership with the smart economy platform NEO, which recently rebranded from Antshares. The announcement comes on the heels of...

Blockchain Revolution Series

Russian standards agency Rosstandart announces technical committee to develop blockchain standards

Aug 16, 2017 10:02 am UTC| Digital Currency

The Russian Federal Agency for Technical Regulation and Metrology (Rosstandart), a government agency that serves as a national standardization body of the Russian Federation, has announced the formation of a technical...

Blockchain Revolution Series

Thailand’s railway and postal services to use IoT and blockchain technology – Report

Aug 16, 2017 09:14 am UTC| Digital Currency

Two of Thailands state-owned agencies are going to apply cutting edge technologies to improve their logistics services. Bangkok Post reports that the State Railway of Thailand (SRT) and Thailand Post are going to...

Blockchain Revolution Series

Singapore maritime companies PSA and PIL collaborate with IBM on blockchain technology

Aug 16, 2017 06:32 am UTC| Digital Currency

Two leading Singaporean maritime companies, shipping giant Pacific International Lines (PIL) and port operator PSA International (PSA), have inked a Memorandum of Understanding (MOU) with IBM Singapore to explore and trial...

Blockchain Revolution Series

Accenture brings blockchain and AI to Canadian clients, launches Liquid Studio in Toronto

Aug 16, 2017 05:42 am UTC| Digital Currency

Accenture has announced the launch a new Liquid Studio in Toronto as part of its accelerated investment in innovation in Canada. Part of the Accenture Innovation Architecture, Liquid Studios bring together capabilities ...

Blockchain Revolution Series

Former BATS’ CEO joins blockchain startup Axoni

Aug 16, 2017 02:46 am UTC| Digital Currency

Axoni, a New York-based capital markets technology firm specializing in distributed ledger infrastructure, has announced the appointment of Joseph Ratterman as an independent member of the companys board of...

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Economy

UK Stocks Slide as Labour Leadership Tensions and U.S.-China Talks Shape Markets

British stocks closed lower on Friday as political uncertainty surrounding the U.K.s ruling Labour Party pressured investor sentiment and weakened the pound for a fourth straight session. The FTSE 100 dropped 0.61%, while...

Cuba Weighs $100M U.S. Aid Offer Amid Fuel Crisis

Cuba said Thursday it is open to considering a $100 million humanitarian aid proposal from the United States, though officials remain doubtful about President Donald Trumps broader intentions as the island struggles...

Vietnam Economic Growth Forecast Slows to 6.8% in 2026, Says World Bank

Vietnams economic growth is projected to ease to 6.8% in 2026 after the country recorded a strong 8% expansion last year, according to the latest assessment released by the World Bank on Friday. Despite the slower pace,...

BOJ Rate Hike Expectations Grow as Inflation and Weak Yen Pressure Japan Economy

The Bank of Japan (BOJ) is increasingly expected to raise its key interest rate to 1.0% in June as policymakers face mounting inflation risks linked to rising energy prices and the continued weakness of the Japanese yen....

Trump Says China to Boost U.S. Oil Imports After Xi Talks

U.S. President Donald Trump said China has agreed to significantly increase purchases of American oil and energy products following high-level discussions with Chinese President Xi Jinping in Beijing. Speaking during a...

Politics

Ukraine Begins Major POW Swap as 205 Soldiers Return from Russian Captivity

Ukraine has successfully brought home 205 service personnel from Russian captivity in the first phase of a large-scale prisoner exchange with Russia, President Volodymyr Zelenskiy confirmed on Friday. The operation marks a...

US Plans Imminent Indictment of Cuba’s Raul Castro Over 1996 Plane Shootdown

The United States is reportedly preparing to indict former Cuban President Raul Castro in connection with the 1996 downing of civilian aircraft operated by the humanitarian organization Brothers to the Rescue. According to...

US-China Trade Talks Sideline Chip Export Controls as Nvidia China Sales Draw Attention

U.S. Trade Representative Jamieson Greer said Washington and Beijing did not engage in detailed discussions about U.S. chip export controls during the latest Trump-Xi summit in China. Speaking to Bloomberg TV on Thursday,...

Matthew Wale Elected Solomon Islands Prime Minister After No-Confidence Vote

Matthew Wale has been elected as the new Prime Minister of the Solomon Islands after lawmakers voted out former leader Jeremiah Manele in a no-confidence motion last week. The Solomon Islands parliament selected Wale on...

Rubio Urges China to Release Jimmy Lai and Political Prisoners

U.S. Secretary of State Marco Rubio said the United States is seeking a positive response from China regarding repeated appeals for the release of jailed Hong Kong media tycoon Jimmy Lai and other political detainees....

Science

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

Technology

Samsung Shares Drop as Labor Union Confirms Planned Strike

Samsung Electronics shares fell sharply on Friday after the companys largest labor union confirmed it would move forward with a planned strike later this month despite renewed calls for negotiations. The decline added...

Alphabet Raises Record $3.6 Billion in Yen Bonds to Support AI Expansion

Alphabet, the parent company of Google, has raised 576.5 billion yen ($3.6 billion) through a yen-denominated bond sale, marking the largest bond issuance ever completed by a foreign company in Japan. The landmark deal...

Applied Materials Forecasts Strong Q3 Revenue as AI Chip Demand Accelerates

Applied Materials posted record fiscal second-quarter revenue on Thursday and issued a stronger-than-expected forecast for the third quarter, fueled by rising global investment in artificial intelligence infrastructure and...

Anthropic Nears $30 Billion Funding Round at $900 Billion Valuation

AI startup Anthropic is reportedly close to securing a massive $30 billion fundraising deal that would value the company at approximately $900 billion, according to a Financial Times report published Friday. The new...

Nvidia’s China AI Chip Sales Remain Frozen Despite U.S. Approval

Nvidias efforts to expand AI chip sales in China remain stalled even after the U.S. approved several Chinese technology giants to purchase the companys H200 processors. Although around 10 Chinese firms, including Alibaba,...