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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

Digital Currency Revolution

How blockchain could be used to make trusts more transparent

Apr 08, 2016 16:45 pm UTC| Insights & Views Technology Digital Currency Law

Amid the outcry over David Camerons tax affairs is the UK prime ministers intervention in 2013 to block EU transparency rules regarding offshore trusts. It was decided that trusts should not be held to the same standards...

Blockchain Revolution Series

Digital Currency Revolution

Neurensic’s Innovation Lab To Bring AI To Blockchain Solutions

Apr 08, 2016 11:13 am UTC| Digital Currency

Neurensic, an artificial intelligence (AI) technology startup focused on software-as-a-service solutions for the financial services industry, has announced the formation of a new Innovation Lab, which will focus on...

Blockchain Revolution Series

Digital Currency Revolution

Leading Banks, DTCC, Markit Successfully Complete Blockchain Test For Credit Default Swaps

Apr 08, 2016 05:49 am UTC| Digital Currency

Seven firms, which includes four global financial institutions (Bank of America Merrill Lynch, Citi, Credit Suisse, J.P. Morgan), The Depository Trust Clearing Corporation (DTCC) and Markit, in collaboration with Axoni, a...

Blockchain Revolution Series

Digital Currency Revolution

13th Annual MIT Sloan CIO Symposium To Discuss Blockchain, IoT And More

Apr 07, 2016 12:09 pm UTC| Digital Currency

The 13th annual MIT Sloan CIO Symposium, a world class one-day conference, will be held on May 18, 2016 at the MIT Kresge Auditorium in Cambridge, MA. The symposium will focus on the theme, Thriving in the Digital...

Blockchain Revolution Series

Digital Currency Revolution

Japan Exchange Group And Nomura Research Institute To Begin PoC Tests For Blockchain

Apr 07, 2016 11:16 am UTC| Digital Currency

[The article has been updated to include NRIs collaboration withSBI Sumishin] Japan Exchange Group, Inc. (JPX) and Nomura Research Institute(NRI) have come together to start conducting proof of concept (PoC) tests for...

Blockchain Revolution Series

Digital Currency Revolution

Kapronasia Opens India Office To Push Financial Industry And Blockchain Research In Asia

Apr 07, 2016 10:21 am UTC| Digital Currency

Kapronasia, Asias leading provider of financial industry market research and consulting services, has opened a new office in New Delhi, India, in order to further expand its footprint in Asia and add to the companys...

Blockchain Revolution Series

Digital Currency Revolution

International Blockchain Week To Be Held In September

Apr 07, 2016 04:22 am UTC| Digital Currency

The Ethereum Foundation and Wanxiang Blockchain Labs have jointly announced the International Blockchain Week in Shanghai, which will take place atHyatt on the Bund, September 1924, 2016. The 6-day event will combine...

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Economy

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...

U.S.-Indonesia Trade Deal Faces Uncertainty as Jakarta Reconsiders Key Commitments

A landmark U.S.-Indonesia trade agreement announced in July is now in jeopardy, as U.S. officials say Indonesia is stepping back from critical commitments made during negotiations. According to a U.S. official speaking on...

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

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...

Adobe Strengthens AI Strategy Ahead of Q4 Earnings, Says Stifel

Adobe (NASDAQ: ADBE) is heading into its fourth-quarter earnings with a clearer generative AI strategy and improved communication, helping ease a year of investor uncertainty, according to a new note from Stifel analysts....