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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

Bancor announces new standard for token creation with instant liquidity using blockchain-based smart contracts

Apr 03, 2017 04:14 am UTC| Digital Currency

Bancor last week announced the Bancor Protocol, a new standard for token creation that provides cryptocurrencies instant liquidity and automatic price discovery using blockchain-based smart contracts. While hundreds of...

Blockchain Revolution Series

Blockchain platform MultiChain announces beta release, welcomes new members for Platform Partner Program

Mar 31, 2017 07:07 am UTC| Digital Currency

Private blockchain platform MultiChain from Coin Sciences Ltd. has announced the first beta release of MultiChain 1.0 for Linux and Windows. It also announced the addition of 14 companies to the MultiChain Platform Partner...

Blockchain Revolution Series

Ripple’s blockchain interbank group for global payments welcomes MUFG

Mar 31, 2017 06:31 am UTC| Digital Currency

Japanese financial services company Mitsubishi UFJ Financial Group (MUFG) announced that its banking arm Bank of Tokyo-Mitsubishi UFJ has joined the Global Payments Steering Group (GPSG), which is the Ripples interbank...

Blockchain Revolution Series

Chain collaborates with Thales to enhance blockchain security

Mar 31, 2017 06:16 am UTC| Digital Currency

France-based cyber-defense giant Thales has teamed up with Chain, a U.S.-based provider of enterprise-grade blockchain infrastructure that enables organizations to build breakthrough financial products and...

Blockchain Revolution Series

Blockchain Foundry announces launch of three Syscoin blockchain offerings on Microsoft Azure

Mar 31, 2017 05:35 am UTC| Digital Currency

Blockchain Foundry Inc. has announced a major milestone in the form of Microsoft Azure product certification for three products powered by the Syscoin blockchain. Syscoin, a blockchain protocol facilitating secure...

Blockchain Revolution Series

Key financial institutions demonstrate first working blockchain solution for syndicated loan servicing

Mar 31, 2017 05:18 am UTC| Digital Currency

Major financial institutions have participated in the successful demonstration of the first working blockchain solution for syndicated loan servicing that was exclusively developed by Synaps Loans, a joint venture of Ipreo...

Blockchain Revolution Series

HKMA, Deloitte and other banks develop blockchain PoC for trade finance

Mar 31, 2017 05:02 am UTC| Digital Currency Fintech

The Hong Kong Monetary Authority (HKMA), consulting firm Deloitte, and leading trade finance banks in Hong Kong have developed a distributed ledger technology (DLT) proof of concept for Trade Finance. Industry...

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Economy

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...

Japan Inflation Outlook: Firms Eye Summer Price Hikes Amid Rising Energy Costs

Japan could experience another wave of widespread price increases this summer as companies respond to surging energy costs linked to tensions in the Middle East, according to a Bank of Japan (BOJ) report released Friday....

US Expects China to Boost Purchases of American Farm Products After Trump-Xi Summit

The United States expects China to commit to purchasing double-digit billions worth of U.S. agricultural products following a high-level summit between President Donald Trump and Chinese President Xi Jinping in Beijing,...

Japan Wholesale Inflation Hits Three-Year High as Oil Shock Fuels BOJ Rate Hike Expectations

Japans wholesale inflation surged in April at the fastest annual pace in three years, driven by soaring energy and chemical prices linked to tensions in the Middle East and disruptions in oil supply routes. The latest data...

Politics

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...

Pentagon Halts Planned U.S. Troop Deployment to Poland Amid Europe Force Review

The Pentagon has reportedly canceled plans to temporarily deploy 4,000 U.S.-based troops to Poland, according to two U.S. officials, raising fresh concerns over the future of American military presence in Europe under...

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...