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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

Technology Company PeerNova Wins TiE50 Top Start-up Award

May 12, 2016 11:58 am UTC| Digital Currency

PeerNova, Inc., a Silicon Valley-based technology company, today announced that it has been selected as a 2016 TiE50 Winner for the prestigious TiE50 Technology Awards Program. The company was selected from over 2000...

Blockchain Revolution Series

Synechron Acquires Hatstand To Lead Digital Consulting Space

May 11, 2016 11:02 am UTC| Digital Currency

Synechron, Inc., one of the fastest-growing digital, business consulting technology services providers based in New York, has announced the acquisition of Hatstand, a global financial services consultancy and capital...

Blockchain Revolution Series

Artprice Develops Proprietary Art Market Blockchain

May 11, 2016 10:18 am UTC| Digital Currency

Artprice, the global leader in art price and art index databanks, has announced its blockchain project for the art market. It has developed its own proprietary Art Market Blockchain, protected under intellectual property...

Blockchain Revolution Series

Fintech Storm Brings International Blockchain Symposium To India This Week

May 11, 2016 09:20 am UTC| Digital Currency

At a time when the whole world has jumped on the blockchain bandwagon, India seems to be slowly catching up to this trending technology. It was only recently that its central bank started acknowledging the potential of...

Blockchain Revolution Series

Blockchain Startup Fluent Raises $1.65 Mln In Series Seed Funding

May 11, 2016 04:43 am UTC| Digital Currency

Fluent has announced that it has raised $1.65 million in a series seed funding round led by ff Venture Capital and joined by Digital Currency Group, Crosscut Ventures, Draper Associates, Fenbushi Capital, Lindbergh Tech...

Blockchain Revolution Series

Cloud, Big Data, Blockchain Services Could Represent Significant New Revenue Streams For Banks – Accenture

May 10, 2016 09:30 am UTC| Digital Currency

According to a latest report from Accenture, UK banks could create an 8.5 billion revenue opportunity by broadening services for small and medium enterprises (SMEs), a sector which generates just under 50 percent of the...

Blockchain Revolution Series

CSIRO’s Data61 And Australian Treasury To Study Blockchain Potential

May 10, 2016 08:37 am UTC| Digital Currency

According to latest reports, Data61, a research unit of the Commonwealth Scientific and Industrial Research Organisation (CSIRO), in collaboration with government agencies including Australian Federal Treasury, will...

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Economy

China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations

Chinas central bank has introduced its new overnight reverse repo operation, setting the interest rate at 1.25%, according to a Reuters report citing people familiar with the matter. The move marks another step in the...

Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan

Japans government is preparing an ambitious long-term economic strategy aimed at achieving sustained annual real economic growth of more than 1%, according to a draft of its latest economic and fiscal policy framework. The...

China Expands Export Controls, Adds 20 Japanese Companies to Restricted List

China has expanded its export control measures by adding 20 Japanese organizations and companies to its restricted export list, marking another escalation in the ongoing diplomatic and trade tensions between Beijing and...

China Factory PMI Seen Returning to Growth in June as AI Export Demand Supports Economy

Chinas manufacturing sector is expected to return to modest growth in June, supported by resilient exports tied to the booming global artificial intelligence (AI) industry. However, economists caution that the recovery...

US Stock Futures Rise as US-Iran Ceasefire Hopes Boost Market Sentiment

U.S. stock index futures moved higher late Sunday as investors reacted positively to reports that the United States and Iran had agreed to suspend recent military hostilities and resume diplomatic negotiations, easing...

Politics

Taiwan Coast Guard Officer Finds Strength in Faith as China Increases Pressure in Taiwan Strait

As tensions in the Taiwan Strait continue to rise, one Taiwan Coast Guard officer has found reassurance in an unusual combination of professional duty and spiritual faith. Yeh Chih-sheng, the first mate aboard Taiwan Coast...

Australia, Vanuatu Sign Security Pact Amid Pacific Influence Competition

Australia and Vanuatu have officially signed a long-awaited development and security agreement, reinforcing their strategic partnership while highlighting the growing geopolitical competition for influence in the Pacific...

Serbia Protests Continue as Thousands Rally Despite Vucic’s Resignation Plan

Thousands of demonstrators gathered in the central Serbian city of Kraljevo on Sunday, maintaining pressure on President Aleksandar Vucic just one day after he announced plans to resign within weeks and trigger early...

Iran Skips U.S. Technical Talks Over Unmet MoU Conditions and Frozen Funds Dispute

Iran did not participate in the technical talks scheduled for Sunday, citing recent military attacks on the country and unresolved conditions outlined in its memorandum of understanding (MoU) with the United States. The...

Trump Announces September Overhaul of Washington’s East Potomac Golf Links

U.S. President Donald Trump announced that a major renovation of Washingtons historic East Potomac Golf Links will begin on September 1, with plans to transform the century-old public golf course into what he described as...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

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...

Technology

Lenovo Shares Slide as AI-Driven Memory Demand Signals Higher DRAM and NAND Prices

Lenovo Group (HK:0992) shares tumbled nearly 10% in Hong Kong on Monday after the company said it expects DRAM and NAND memory prices to remain structurally higher for years, citing booming artificial intelligence (AI)...

Morgan Stanley Raises Tesla Q2 Delivery Forecast on Strong Europe and China Demand

Morgan Stanley has increased its second-quarter delivery forecast for Tesla Inc. (NASDAQ: TSLA), citing stronger-than-expected electric vehicle (EV) sales in Europe and China. The revised outlook reflects improving demand...

Open-Source AI Models Gain Ground as Enterprises Seek Lower-Cost Alternatives, Citi Says

Open-source artificial intelligence (AI) models are rapidly gaining traction as businesses search for cost-effective alternatives to proprietary AI systems, according to a new research note from Citi. The shift comes as...

Samsung, SK Hynix to Unveil $1.3 Trillion AI and Semiconductor Investment Plan

South Korean technology leaders Samsung Electronics and SK Hynix are reportedly preparing to announce investment plans worth a combined 2,000 trillion won (approximately $1.3 trillion) to strengthen the countrys...

UBS Raises TSMC Price Target to T$3,400 on Strong AI Chip Demand Outlook

Taiwan Semiconductor Manufacturing Company (TSMC) received a fresh vote of confidence from UBS after the investment bank raised its price target for the worlds largest contract chipmaker, citing robust artificial...