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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 2nd, 2017

Jun 02, 2017 07:34 am UTC| Digital Currency

IRS actions sets dangerous precedent for bitcoin companies: US Congress on IRS-Coinbase dispute The members of the U.S. Congress have issued a letter to the Internal Revenue Service (IRS) on the agencys ongoing tussle...

Blockchain Revolution Series

VEB to present blockchain prototype of technical solution at ongoing SPIEF’17 event

Jun 02, 2017 05:41 am UTC| Digital Currency

Russian retail banking company VEB announced that it will be presenting a blockchain-based prototype of a technical solution during ongoing SPIEF17 (St. Petersburg International Economic Forum) that will conclude on 3rd...

Blockchain Revolution Series

Blockchain startup Axoni bags 2017 Derivative Industry Initiative of the Year Award

Jun 02, 2017 05:13 am UTC| Digital Currency

Axoni, a provider of distributed ledger technologies to the financial services industry, has announced that it has won the 2017 Derivative Industry Initiative of the Year Award. The award from GlobalCapital is related...

Blockchain Revolution Series

R3 and Japanese financial institutions collaborate to streamline ISDA Master Agreements

Jun 02, 2017 04:54 am UTC| Digital Currency

Japanese financial institutions have joined hands with R3 blockchain consortium and announced the successful completion of testing of a prototype that was developed by R3 Corda, a blockchain platform, to streamline ISDA...

Blockchain Revolution Series

Blockchain startup Exscudo raises over 2300 BTC in ICO

Jun 02, 2017 04:16 am UTC| Digital Currency

Exscudo, a blockchain financial services provider, has announced that it has raised over 2300 BTC (equivalent to $5.6 million approximately at current exchange rate) during its Initial Coin Offering (ICO), which ran from...

Blockchain Revolution Series

Multisectoral blockchain consortium ‘Red Lyra’ launches in Spain

Jun 01, 2017 07:32 am UTC| Digital Currency

On the heels of a newly formed blockchain consortium by Cecabank and Grant Thornton, a number of Spanish banks, law firms, and other companies have joined forces to launch another consortium Red Lyra, CoinDesk...

Blockchain Revolution Series

Hyperledger blockchain project welcomes NEC as premier member

Jun 01, 2017 06:27 am UTC| Digital Currency

Hyperledger, a collaborative cross-industry effort to advance blockchain technology, has announced that NEC Corporation has joined the project as a Premier member. The Linux Foundation hosts Hyperledger as a...

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Economy

Trump Questions Housing Bill as He Prioritizes SAVE America Act

U.S. President Donald Trump has cast doubt on whether he will sign a bipartisan housing affordability bill, describing the legislation as a big yawn while urging Congress to prioritize separate election reforms instead....

Trump Urges Gasoline Retailers to Cut Prices to $2.50 Per Gallon, Warns of Legal Action

U.S. President Donald Trump on Monday called on gasoline retailers to immediately lower fuel prices, warning that companies could face serious consequences if they continue charging what he described as excessive prices at...

US Stock Futures Steady as Investors Await Payrolls Data and Monitor Iran Tensions

U.S. stock index futures traded little changed on Monday evening after Wall Street posted a strong rebound, led by technology stocks recovering from last weeks sharp selloff. Investors are now turning their attention to...

Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply

Canada has awarded C$7 million (approximately $4.93 million) in non-repayable funding to support the development of a major molybdenum mining project in Greenland, reinforcing Western efforts to secure critical mineral...

Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire

Asian currencies traded in tight ranges on Monday as investors balanced easing geopolitical tensions in the Middle East with a busy week of key economic releases across Asia. While the tentative ceasefire between the...

Politics

Australia, Vanuatu Sign Security Pact Amid Pacific Influence Competition

Australia and Vanuatu have officially signed a long-awaited development and security agreement, reinforcing their strategic partnership while highlighting the growing geopolitical competition for influence in the Pacific...

Serbia Protests Continue as Thousands Rally Despite Vucic’s Resignation Plan

Thousands of demonstrators gathered in the central Serbian city of Kraljevo on Sunday, maintaining pressure on President Aleksandar Vucic just one day after he announced plans to resign within weeks and trigger early...

Iran Skips U.S. Technical Talks Over Unmet MoU Conditions and Frozen Funds Dispute

Iran did not participate in the technical talks scheduled for Sunday, citing recent military attacks on the country and unresolved conditions outlined in its memorandum of understanding (MoU) with the United States. The...

Trump Announces September Overhaul of Washington’s East Potomac Golf Links

U.S. President Donald Trump announced that a major renovation of Washingtons historic East Potomac Golf Links will begin on September 1, with plans to transform the century-old public golf course into what he described as...

Andy Burnham Sets Out Vision to Decentralize Britain as Labour Leadership Race Begins

Andy Burnham is set to outline his vision for the United Kingdom on Monday as the Labour politician positions himself to succeed Keir Starmer as the countrys next prime minister. Burnham is expected to focus on shifting...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

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...

Technology

Australia Sues Amazon Over Prime Video Ads and Subscription Terms

Australias competition watchdog has launched legal action against Amazon.com Inc. (NASDAQ: AMZN), alleging the company violated Australian consumer law by using unfair contract terms to introduce advertising on its Prime...

Baige Online Shares Soar 333% in Hong Kong IPO Debut as AI Insurance Demand Lifts Chinese Listings

Chinese insurtech firm Baige Online Digital Technology Co. (HK:2672) delivered an impressive debut on the Hong Kong Stock Exchange on Monday, with its shares surging as much as 333% in early trading. The strong performance...

Baidu Shares Rally as Kunlunxin Eyes $50 Billion Hong Kong IPO

Baidu Inc. (HK:9888) shares climbed sharply on Monday after reports indicated that its artificial intelligence chip subsidiary, Kunlunxin, is aiming for a valuation of approximately $50 billion through a planned initial...

Open-Source AI Models Gain Ground as Enterprises Seek Lower-Cost Alternatives, Citi Says

Open-source artificial intelligence (AI) models are rapidly gaining traction as businesses search for cost-effective alternatives to proprietary AI systems, according to a new research note from Citi. The shift comes as...

Samsung, SK Hynix to Unveil $1.3 Trillion AI and Semiconductor Investment Plan

South Korean technology leaders Samsung Electronics and SK Hynix are reportedly preparing to announce investment plans worth a combined 2,000 trillion won (approximately $1.3 trillion) to strengthen the countrys...