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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

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...

Blockchain Revolution Series

‘State of Digital Money’ conference at Los Angeles on July 22 to focus on fintech and blockchain

Jul 04, 2017 10:52 am UTC| Digital Currency

The State of Digital Money conference hosted by Cureativ will be held at Los Angeles on July 22, 2017 that will explore evolving trends and nascent technologies like blockchain, fintech, that disrupts global financial...

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Economy

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...

Asian Currencies Slide as Strong U.S. Data Boosts Dollar and Fed Rate Hike Expectations

Asian currencies weakened on Friday as stronger-than-expected U.S. economic data pushed the dollar higher and reinforced market expectations that the Federal Reserve could maintain a hawkish monetary policy stance through...

Politics

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....

US Hosts Israel-Lebanon Talks as Ceasefire Deadline Nears

The United States described the latest Israel-Lebanon talks in Washington as productive and positive as diplomats pushed to prevent renewed escalation ahead of a fragile ceasefire deadline. U.S. officials confirmed that...

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

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,...

Alibaba Stock Surges After Strong Q4 Earnings Boosted by AI and Cloud Growth

Alibaba Group Holding Ltd. (HK:9988) saw its Hong Kong-listed shares jump sharply on Thursday after the Chinese e-commerce and technology giant reported better-than-expected quarterly earnings driven by strong momentum in...