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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

Blockchain startup Loyyal closes Series A round led by iNet

Jun 14, 2017 05:05 am UTC| Digital Currency

Loyyal, a blockchain powered loyalty and rewards platform, has announced the closing of a Series A capital raise led by Integrated Networks (iNet) with participation from UAE Exchange, Hayaat Group, Day One Investments,...

Blockchain Revolution Series

Blockchain asset fund TaaS invests $1M in Bancor’s $150M token allocation event

Jun 14, 2017 04:18 am UTC| Digital Currency

Token-as-a-Service (TaaS), a tokenized closed-end fund dedicated to Blockchain assets, has invested $1 million in Bancors recently held Token Allocation Event, which raised over $150 million in less than three...

Blockchain Revolution Series

Indian blockchain consortium BankChain ropes in Microsoft as exclusive cloud partner

Jun 13, 2017 07:29 am UTC| Digital Currency

BankChain, a blockchain consortium initiative by Indian banking majors, has selected Microsoft Azure as the exclusive cloud partner. Since its inception earlier this year, BankChain has grown to include over 20 banks...

Blockchain Revolution Series

Blockchain firm OpenLedger partners with Airbitz to integrate Edge Security

Jun 13, 2017 05:39 am UTC| Digital Currency

Airbitz Inc, a San Diego-based a data security platform and mobile bitcoin wallet, has announced the addition of OpenLedger to its growing ecosystem of blockchain projects using its Edge Security SDK. The Denmark-based...

Blockchain Revolution Series

Digital Currency Revolution

Blockchain project Bancor sets new record, raises $150M in less than three hours

Jun 13, 2017 04:59 am UTC| Digital Currency

Blockchain startup Bancor Protocol has raised that over $150 million in its Token Generation Event which took place on June 12. According to the TGE details, 10,885 participants contributed 396,720 ETH, equivalent to...

Blockchain Revolution Series

Chamber of Digital Commerce welcomes BNP Paribas and BNY Mellon

Jun 13, 2017 04:08 am UTC| Digital Currency

The Chamber of Digital Commerce, a global blockchain trade association, has announced the addition of two major international banks to its Executive Committee. BNP Paribas and BNY Mellon are joining the chamber after...

Blockchain Revolution Series

Canadian blockchain firm Equibit Group assembles advisory committees on board

Jun 12, 2017 12:16 pm UTC| Digital Currency

Canada-based Equibit Group, creator of the Equibit blockchain and blockchain applications for the global securities industry, announced that the company is assembling various committees of advisors to its board. The...

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Economy

Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals

U.S. stock futures edged lower on Thursday evening as renewed pressure on technology and artificial intelligence stocks overshadowed optimism surrounding a more accommodative Federal Reserve. The pullback was driven...

Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade

Indian Prime Minister Narendra Modi said he held a phone conversation with U.S. President Donald Trump on Thursday, as New Delhi intensifies efforts to secure relief from steep U.S. tariffs imposed on key Indian exports....

Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns

Most Asian stock markets surged on Friday, driven by a rebound in technology shares after recent volatility sparked by concerns over the artificial intelligence trade. Investor sentiment improved following positive cues...

Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes

Oil prices edged higher during Asian trading on Friday, recovering some losses from the previous session as supply disruption concerns resurfaced. Crude markets were supported by reports that the United States is preparing...

U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound

The U.S. dollar weakened for a third consecutive week on Friday, pressured by growing expectations of interest rate cuts next year after the Federal Reserve pushed back against more hawkish market assumptions. This shift...

Politics

Democrats Face Uphill Battle in Midterm Elections Despite Recent Victories, Reuters/Ipsos Poll Shows

Recent Democratic election wins have fueled optimism that the party could reclaim one or even both chambers of the U.S. Congress in next years midterm elections. However, a new Reuters/Ipsos poll suggests that this...

Trump Claims Pardon for Tina Peters Despite No Legal Authority

U.S. President Donald Trump said Thursday that he is pardoning Tina Peters, a former Colorado county clerk convicted of tampering with voting machines following the 2020 presidential election, even though he has no legal...

Trump Signs Executive Order to Establish National AI Regulation Standard

U.S. President Donald Trump on Thursday signed a sweeping executive order aimed at creating a unified national framework for regulating artificial intelligence, marking a significant shift in how AI governance is handled...

Trump Signals Conditional Push for Ukraine Peace Talks as Frustration Mounts

U.S. President Donald Trump has indicated that his administration may send a senior representative to Europe this weekend for potential peace talks on the war in Ukraine, but only if there is a genuine opportunity to...

U.S. Bomber Flights Over Sea of Japan Signal Strong Alliance With Tokyo Amid China-Russia Drills

U.S. nuclear-capable bombers conducted a high-profile flight over the Sea of Japan alongside Japanese fighter jets this week, underscoring the strength of the U.S.-Japan security alliance amid rising regional tensions...

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

Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO

Moore Threads Technology Co Ltd (SS:688795), a Chinese graphics chipmaker often described as Chinas potential rival to NVIDIA Corporation (NASDAQ:NVDA), saw its share price fall sharply on Friday after the company issued a...

Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies

Evercore ISI analysts have reiterated their Outperform rating on Alphabet Inc. (NASDAQ: GOOGL), emphasizing that Googles core search business continues to dominate the market despite intensifying competition from...

Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case

Apple secured a partial victory in its long-running legal battle with Epic Games after a U.S. appeals court on Thursday modified parts of a lower court order that required changes to the iPhone makers highly profitable App...

SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand

South Koreas leading memory-chip producer SK Hynix is exploring a potential listing on the U.S. stock market through American Depositary Receipts (ADRs), according to a regulatory filing released Wednesday. The company...

SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters

SoftBank Group shares dropped sharply on Thursday, leading declines across Japanese markets, after Oracles mixed quarterly earnings reignited concerns about soaring artificial intelligence investments. SoftBank (TYO:9984)...