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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

MAS successfully completes blockchain PoC for domestic inter-bank payments

Mar 09, 2017 10:00 am UTC| Digital Currency

The Monetary Authority of Singapore (MAS) announced that it has successfully completed a proof-of-concept (PoC) project using blockchain technology in order to carry out domestic inter-bank payments. The financial...

Blockchain Revolution Series

Russian PM asks ministries to explore blockchain use in public sector

Mar 08, 2017 08:11 am UTC| Digital Currency

Russian Prime Minister Dmitry Medvedev has given instructions to two ministries to explore the application of blockchain technology in public sector. In a recent speech, Medvedev discussed blockchain and said that he...

Blockchain Revolution Series

South Korean province successfully completes blockchain-based voting for local community project

Mar 08, 2017 05:55 am UTC| Digital Currency

Blockchain startup Blocko Inc. announced that Gyeonggi-do, a populous province of South Korea, has adopted a blockchain-based voting system that is developed by Blocko, in a vote for local community projects that are...

Blockchain Revolution Series

EconoTimes to hold Insurtech & Blockchain Conference on March 20th; Tokyo Marine, Munich Reinsurance to share insights

Mar 08, 2017 00:01 am UTC| Fintech

Insurtech, a newly coined term, a portmanteau of insurance and technology is expected to be the hottest topic in this years fintech field. Amidst this growing attention, EconoTimes will be holdinga conference focusing on...

Blockchain Revolution Series

Dianrong, FnConn launch blockchain platform ‘Chained Finance’

Mar 07, 2017 07:11 am UTC| Digital Currency

Dianrong, an online marketplace lending in China, and FnConn, a subsidiary of Foxconn Technology Group, announced the market launch of Chained Finance, ablockchain platform for supply chain finance. The new blockchain...

Blockchain Revolution Series

Qtum announces support from PwC to help fuel blockchain adoption

Mar 07, 2017 06:08 am UTC| Digital Currency

The Qtum Foundation, an open source value transfer protocol, and decentralized application platform, announced that it has obtained support from PwC, a leading professional service provider, in its efforts to help fuel...

Blockchain Revolution Series

Stratis Platform launches ‘Breeze Wallet’ to increase financial privacy for blockchain

Mar 06, 2017 12:41 pm UTC| Digital Currency

Stratis, a UK-based blockchain development platform, has announced the release of an ambitious cryptocurrency project Breeze Wallet that is aimed in increasing the financial privacy available to the users of bitcoin and...

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Economy

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...

Wall Street Hits Record Highs as Nvidia China Chip Sales Boost Market Optimism

U.S. stock index futures traded steadily Thursday evening after Wall Street closed at fresh record highs, driven by strong gains in technology stocks and renewed optimism over U.S.-China relations. Investor sentiment...

Dollar Gains as Fed Rate Hike Bets Rise Amid Strong U.S. Data

The U.S. dollar strengthened on Thursday as investors increased expectations that the Federal Reserve could raise interest rates again later this year following stronger-than-expected economic data. Fresh inflation figures...

Gold Prices Fall as Strong Dollar and Inflation Data Boost Rate Hike Expectations

Gold prices declined sharply on Thursday as a stronger U.S. dollar and rising inflation concerns increased expectations that the Federal Reserve may raise interest rates later this year. Investors also closely monitored...

Politics

ICC Pressure Mounts as Families of Duterte Drug War Victims Demand Justice

Families of victims killed during the Philippines controversial war on drugs renewed calls for justice after dramatic scenes unfolded inside the Philippine Senate involving Senator Ronald Bato dela Rosa. The former police...

CIA Director John Ratcliffe Meets Cuban Officials in Havana Amid Renewed U.S.-Cuba Talks

A U.S. delegation led by CIA Director John Ratcliffe held high-level talks with Cuban officials in Havana on Thursday, signaling a possible shift in U.S.-Cuba relations under President Donald Trump. The Cuban government...

Oil Prices Climb as Strait of Hormuz Tensions and Supply Concerns Persist

Oil prices moved higher on Friday as traders remained cautious over ongoing security risks near the Strait of Hormuz, despite Iran reporting increased vessel traffic through the strategic shipping route. Concerns about...

Macron Faces Political Test Over Bank of France Nomination Ahead of 2027 Election

French President Emmanuel Macron is facing mounting political pressure as lawmakers prepare to vote next week on the appointment of his former chief of staff, Emmanuel Moulin, as the next governor of the Bank of France....

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,...

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

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...

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...

SoftBank Shares Slide Despite Record Q4 Profit Fueled by OpenAI Investment

SoftBank Group Corp. (TYO:9984) shares dropped sharply on Thursday despite the company reporting blockbuster fourth-quarter earnings, as investors grew increasingly concerned about the Japanese tech giants expanding...

OpenAI Finds No Evidence of User Data Breach in TanStack npm Supply-Chain Attack

OpenAI confirmed on Wednesday that it found no evidence suggesting user data was compromised following a security incident linked to the TanStack npm package, a widely used open-source JavaScript library. The issue stemmed...