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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

Everex releases independent Ethereum-based smart contract ‘Chainy’

Dec 23, 2016 06:53 am UTC| Digital Currency

Innovative fintech and blockchain development company Everex has announced the launch of the Chainy service, which is an independent Ethereum-based smart contract. Chainys data exists for as long as the blockchain lives...

Blockchain Revolution Series

Ethereum European Development Conference to be held in Paris in February 2017

Dec 23, 2016 06:33 am UTC| Digital Currency

Ethereum European Development Conference (EDCON), a conference focusing on Ethereum technology, research as well as Ethereum-based applications, will be taking place in Paris on 17-18 Feb 2017. Organized byLinkTime...

Blockchain Revolution Series

New AQ Rewards app by Avanquest Software uses blockchain to reward users

Dec 23, 2016 05:10 am UTC| Digital Currency

Avanquest Software, a global developer of consumer software and apps, has released a new AQ Rewards app that is powered by blockchain technology. AQ Rewards takes the advantage of speed, flexibility and security of...

Blockchain Revolution Series

Syscoin releases major software upgrade, introduces feature-rich blockchain service package

Dec 23, 2016 05:07 am UTC| Digital Currency

Syscoin, a cryptocurrency built specifically for online merchants and marketplaces, has announced a major software upgrade for the Syscoin Core service, introducing a feature-rich blockchain service package to its...

Blockchain Revolution Series

Blockchain firm Axoni raises $18M in Series A funding

Dec 22, 2016 12:57 pm UTC| Fintech

Blockchain company Axoni announced that it has raised $18 million in a Series A financing round that is led by Wells Fargo and Euclid Opportunities. The funding round has brought Axonis total funding to date above $20...

Blockchain Revolution Series

Chinese Blockchain Application Sub-Committee to explore blockchain in logistics and supply chain

Dec 22, 2016 12:16 pm UTC| Digital Currency

Chinese Blockchain startup, logistics companies, and financial institutions have formed Blockchain Application Sub-Committee that was previously initiated by the China Federation of Logistics Purchasing last week at the...

Blockchain Revolution Series

Blockchain real estate thought leader Avi Spielman joins Ubitquity’s advisory board

Dec 22, 2016 10:02 am UTC| Digital Currency

Ubitquity LLC, a blockchain-secured platform for real estate transactions, has announced the appointment of Avi Spielman to its growing advisory board. Spielman is founder and president of Joon Properties, a...

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Economy

Gold Prices Hold Firm as Markets Await Fed Rate Cut; Silver Surges to Record High

Gold prices held steady during Asian trading on Wednesday, maintaining a positive tone ahead of the U.S. Federal Reserves widely anticipated interest rate cut. Both spot gold and gold futures saw mild gains, with spot...

Asian Stocks Slip Ahead of Fed Decision as China Deflation Concerns Deepen

Asian stock markets retreated on Wednesday as investors turned cautious ahead of a closely watched U.S. Federal Reserve interest rate decision. Markets across the region tracked mild overnight losses on Wall Street, where...

ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines

The Asian Development Bank (ADB) has approved a $400 million policy-based loan designed to support the Philippines push to improve its business environment and attract more foreign investment. Although the country remains...

Global Forex Markets Brace for Fed Decision as Yen Extends Weakness

The Japanese yen continued to struggle on Wednesday, slipping further as investors remained focused on the widening interest rate gap between Japan and other major economies. Despite expectations that the Bank of Japan...

Silver Prices Surge to New Record Above $60 as Supply Concerns and Fed Expectations Boost Demand

Silver prices skyrocketed to an all-time high on Wednesday, breaking above $60 an ounce as tightening supply expectations and stronger investor interest pushed the white metal to outperform gold. In early trading, spot...

Politics

China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs

China has taken a major step to reinforce its domestic semiconductor industry by adding locally developed artificial intelligence chips to an official government procurement list for the first time, according to a report...

Musk Says Trump’s DOGE Initiative Fell Short and He Wouldn’t Lead It Again

Tesla CEO Elon Musk reflected on his time leading U.S. President Donald Trumps Department of Government Efficiency (DOGE), acknowledging that the initiative achieved only limited success. Speaking on a podcast with former...

US Criticizes China After Radar Incident Escalates Tensions With Japan

The United States has publicly criticized China for the first time after Chinese fighter jets reportedly aimed their radars at Japanese military aircraft during a training exercise near Okinawa last week. The incident,...

Australia Pushes Forward on AUKUS Submarine Program Amid Workforce and Production Challenges

Australia is intensifying efforts to advance the AUKUS nuclear submarine program, with Defence Minister Richard Marles stressing that the nation is being very self-critical as it works to overcome key challenges,...

Bolsonaro’s Defense Requests Hospital Transfer and Humanitarian House Arrest

Defense lawyers for former Brazilian President Jair Bolsonaro have formally requested that he be transferred from jail to a hospital to undergo surgical procedures, according to a document reviewed by Reuters. The legal...

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

EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute

The General Court of the European Union has significantly reduced Intels antitrust fine, lowering it from the previously imposed 376 million to 237.1 million ($438 million to $276 million). The ruling, issued Wednesday,...

EssilorLuxottica Bets on AI-Powered Smart Glasses as Competition Intensifies

EssilorLuxottica is doubling down on smart eyewear innovation, with its Ray-Ban Meta glasses delivering their first meaningful revenue boost since launch. These AI-powered frames, developed with Meta, aim to redefine...

Microsoft Unveils Massive Global AI Investments, Prioritizing India’s Rapidly Growing Digital Market

Microsoft has announced more than $23 billion in new global artificial intelligence investments, with the majority directed toward India as the tech giant accelerates its presence in one of the worlds fastest-growing...

Trump’s Approval of AI Chip Sales to China Triggers Bipartisan National Security Concerns

The Trump administration is facing strong backlash from China hawks and Democratic lawmakers after authorizing Nvidia, AMD, and Intel to sell advanced AI chipsspecifically Nvidias H200to China. President Donald Trump...

SpaceX Reportedly Preparing Record-Breaking IPO Targeting $1.5 Trillion Valuation

SpaceX is reportedly moving forward with early plans for a massive initial public offering that could raise more than $30 billion, potentially making it the largest IPO in history. According to a Bloomberg News report...