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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

Sumitomo Mitsui Trust Bank experiments blockchain for trust businesses

Oct 26, 2016 05:09 am UTC| Digital Currency

Japanese financial services company Sumitomo Mitsui Trust Bank, Limited, a subsidiary of Sumitomo Mitsui Trust Holdings, Inc. announced that it is commencing demonstration experiments in blockchain technology and AI in...

Initial Coin Offering Series

Blockchain Revolution Series

Blockchain platform Lisk announces new COO and call for new talent; rolls out rewards-based bounty program

Oct 26, 2016 04:40 am UTC| Digital Currency

Lisk, the blockchain application platform, has announced the appointment of a new Chief Operating Officer, along with a ramped up call for developers to join the project, with openings for front-end and back-end developers...

Blockchain Revolution Series

Blockchain: reinventing the squeaky wheel

Oct 25, 2016 18:13 pm UTC| Insights & Views Fintech

Apparently, the world is holding its breath on the unloading of a few bales of cotton, which could change trade forever. In Qingdao sometime in early November, 88 bales of cotton will be unloaded and ownership of the...

Blockchain Revolution Series

Chain releases open source version of blockchain platform

Oct 25, 2016 11:00 am UTC| Digital Currency

Blockchain technology solutions provider Chain has released Chain Core Developer Edition, which is an open source version of its blockchain platform that enables organizations to issue and transfer assets on permissioned...

Blockchain Revolution Series

Cambridge University launches global blockchain benchmarking study

Oct 25, 2016 09:42 am UTC| Digital Currency

The Cambridge Universitys Centre for Alternative Finance (CCAF) has announced the launch of first Global Blockchain Benchmarking Study that aims to present a global empirical outline of how blockchain and cryptocurrencies...

Blockchain Revolution Series

IBM and FreshTurf work with blockchain and Bluemix for storage lockers network

Oct 25, 2016 07:19 am UTC| Digital Currency

Tech giant IBM announced that it is working with a Singapore startup FreshTurf in the IBM Bluemix Garage to create and deploy a network of storage lockers for shipping and parcel delivery throughout Singapore with...

Blockchain Revolution Series

R3 blockchain consortium adds credit card company Synchrony Financial

Oct 25, 2016 05:52 am UTC| Digital Currency

Financial service company Synchrony Financial has joined financial innovation firm R3 in a move to design and apply distributed and shared ledger-inspired technologies to global financial markets. According to the...

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Economy

BOJ Rate Hike Expectations Grow as Board Member Signals Hawkish Stance

Bank of Japan (BOJ) board member Kazuyuki Masu signaled growing support for an interest rate hike, stating that the central bank should act quickly if Japans economy shows no clear signs of slowing down. His comments have...

Dollar Gains as Fed Rate Hike Bets Rise Ahead of Trump-Xi Summit

The U.S. dollar strengthened on Thursday as rising Treasury yields fueled expectations that the Federal Reserve could raise interest rates later this year. Investors also closely monitored the high-profile summit between...

Havana Protests Erupt as Cuba Faces Severe Blackouts and Fuel Crisis

Protests spread across Havana on Wednesday night as Cuba struggled through its worst electricity crisis in decades, with residents enduring rolling blackouts linked to an ongoing fuel shortage and tightened U.S. sanctions....

Asian Currencies Steady as Trump-Xi Summit, Inflation Concerns Boost Dollar

Asian currencies traded cautiously on Thursday as global investors closely monitored the high-profile meeting between U.S. President Donald Trump and Chinese President Xi Jinping. At the same time, persistent inflation...

Trump, Xi Begin High-Stakes China Summit Focused on Trade, Taiwan and Global Tensions

U.S. President Donald Trump praised Chinese President Xi Jinping as a great leader and close friend as the two leaders opened a major summit in Beijing aimed at stabilizing U.S.-China relations amid rising geopolitical and...

Politics

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,...

Elon Musk’s China Influence Faces New Challenges Amid Rising EV Competition

Elon Musk continues to hold a powerful yet increasingly complicated position in China as Tesla faces growing pressure from local electric vehicle manufacturers and tighter scrutiny from Chinese regulators. Despite...

Taiwan Independence Debate: China, U.S., and Taipei Tensions Explained

Chinas President Xi Jinping recently warned that disagreements over Taiwan could seriously damage U.S.-China relations, once again placing the Taiwan independence issue at the center of global politics. Taiwan, officially...

Japan Considers Extra Budget Aid Amid Rising Fuel and Utility Costs

Japans government is considering compiling a supplementary budget to help households struggling with rising gasoline and utility prices as the ongoing Middle East crisis continues to fuel uncertainty in global energy...

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

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...

SK Hynix Nears $1 Trillion Market Value Amid South Korea’s AI-Driven Stock Market Surge

SK Hynix is rapidly approaching a historic $1 trillion market capitalization, only weeks after Samsung Electronics achieved the same milestone. The remarkable rise highlights South Koreas growing dominance in the global...

Cisco Restructures for AI Growth After Record Q3 Revenue

Cisco Systems (NASDAQ: CSCO) announced a major business restructuring focused on artificial intelligence and high-growth technology sectors after reporting record third-quarter revenue that exceeded Wall Street...