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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

Digital Currency Revolution

Digital Currency and Blockchain Weekly Round-up – June 16th, 2017

Jun 16, 2017 11:46 am UTC| Digital Currency

UK FCA selects nine blockchain firms for second cohort of regulatory sandbox The UK Financial Conduct Authority (FCA) has revealed the names of nine blockchain firms among others that were successful in their...

Blockchain Revolution Series

UK FCA selects nine blockchain firms for second cohort of regulatory sandbox

Jun 16, 2017 07:29 am UTC| Digital Currency

The UK Financial Conduct Authority (FCA) has revealed the names of nine blockchain firms among others that were successful in their applications to begin testing in the second cohort of its regulatory sandbox. The...

Blockchain Revolution Series

IOHK’s proof-of-stake blockchain protocol accepted at Crypto 2017

Jun 16, 2017 06:34 am UTC| Digital Currency

Blockchain research and development company IOHK has announced that its research paper describing a Proof-of-Stake protocol, Ouroboros, has been accepted to Crypto 2017, the foremost academic event in the field of...

Blockchain Revolution Series

Blockchain startup Circle launches free cross border payments for customers in US, UK and Europe

Jun 16, 2017 05:39 am UTC| Digital Currency

Blockchain-based payments startup Circle has launched no-cost international payment transactions for its customers in the US, UK and Europe. With this launch, Circle customers in the US, UK and Europe will have the...

Blockchain Revolution Series

Nevada’s pro-blockchain legislation to help build large blockchain developer community: SONM Advisor

Jun 16, 2017 05:01 am UTC| Digital Currency

Nevada Governor Brian Sandoval signed a landmark bill into law earlier this month which would prohibit a local government from taxing or imposing restrictions upon the use of the blockchain technology. The bill recognizes...

Blockchain Revolution Series

Blockchain startup Babb hires Ripple advisor Anish Mohammed to spearhead upcoming launch

Jun 16, 2017 04:51 am UTC| Digital Currency

(Corrected Ripple Labs to Ripple in the first paragraph.) Blockchain banking app Babb announced that it has appointed Dr. Anish Mohammed, blockchain expert, cryptography specialist and an advisor to Ripple, as the teams...

Blockchain Revolution Series

SDiX, Kynetix, Everledger partner for blockchain POC for diamond trading

Jun 15, 2017 10:46 am UTC| Digital Currency

The Singapore Diamond Investment Exchange (SDiX), commodity exchange in physically settled diamonds, announced its partnership with Kynetix, the physical commodity digitization expert, and Everledger, supplier of...

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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...