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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

Blockchain an ideal remedy for what ails loyalty rewards programs – Deloitte

Oct 13, 2016 06:20 am UTC| Digital Currency

In a recent study, Deloitte stated that blockchain, as a distributed ledger with a fundamentally new way to transact and maintain records in a secure, trustless, digitized interlinked network, will eliminate many...

Blockchain Revolution Series

Blockchain Governance startup Node40 unveils Masternode Portfolio Insight Reports

Oct 13, 2016 04:42 am UTC| Digital Currency

Node40, an Albany-based Dash masternode service provider, has announced a new feature Masternode Portfolio Insight which will enable users to analyze Dash investments against their entire financial portfolio. The...

Blockchain Revolution Series

Emirates NBD launches pilot blockchain network for banking

Oct 12, 2016 13:22 pm UTC| Digital Currency

UAEs leading banking group Emirates NBD has partnered with Indian banking giant ICICI Bank and Infosys Finacle to complete blockchain-based transactions in international trade finance and remittance. According to the...

Blockchain Revolution Series

Maersk Group to replace traditional bills of lading, mulls using blockchain technology

Oct 12, 2016 10:39 am UTC| Digital Currency

Maersk Line, largest container shipping company, known for reliable, flexible and eco-efficient services, has announced that it is exploring the potentials of blockchain in order to improve operations involved in...

Blockchain Revolution Series

Regulatory uncertainty holding back widespread blockchain adoption – Survey

Oct 12, 2016 10:33 am UTC| Digital Currency

A recent research commissioned by SIX Securities Services, has found that more than three quarters of banks are experimenting with blockchain technologies (76%) but believe a real solution is many years away. According...

Blockchain Revolution Series

Blockchain-based smart contracts to go mainstream in 2020 - Capgemini

Oct 12, 2016 07:15 am UTC| Digital Currency

In a new report, Capgemini adoption of blockchain-based smart contracts will lead to reduced risks, lower administration and service costs, and more efficient business processes across all major segments of the financial...

Blockchain Revolution Series

Signatura launches public beta of blockchain-based digital signature and notarization platform

Oct 12, 2016 07:03 am UTC| Digital Currency

Signatura.co, a digital signature and notarization platform based on the blockchain technology,has announced the launch of its public beta release. According to the official blog post, Signatura draws on the concept of...

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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...