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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

Singapore and Irish state-backed organizations invest in blockchain startup AID:Tech

Jun 14, 2018 03:30 am UTC| Digital Currency

Dublin-based blockchain startup AID:Tech has announced simultaneous investments from Enterprise Ireland, and SGInnovate, at MoneyConf, marking the first time both Irish and Singapore state-backed organizations have...

Blockchain Revolution Series

Financial services industry shifting from PoC to commercial blockchain deployments: Survey

Jun 13, 2018 11:46 am UTC| Digital Currency Fintech

In a new survey, market intelligence firm Greenwich Associates has found that the financial services industry is spending about $1.7 billion on blockchain annually. For the survey, the firm conducted over 200 interviews...

Blockchain Revolution Series

Switzerland gets new trade association to boost blockchain use in capital markets

Jun 13, 2018 06:42 am UTC| Digital Currency Fintech

Leading Swiss financial, technological, academic and legal industry players have come together to form a new associative body the Capital Markets and Technology Association (CMTA) to facilitate the use of blockchain...

Blockchain Revolution Series

Nucleus Vision to co-host inaugural edition of International Blockchain Congress in India

Jun 13, 2018 05:56 am UTC| Digital Currency

Blockchain startup Nucleus Vision is going to co-host one of the largest blockchain conferences in August. The inaugural edition of the International Blockchain Congress would be held on August 3-4, 2018, in Hyderabad,...

Blockchain Revolution Series

LG CNS, KOMSCO to roll out first public blockchain platform in South Korea

Jun 13, 2018 05:09 am UTC| Digital Currency Fintech

LG CNS, an information technology services subsidiary of South Korean electronics giant LG, has been selected by the Korea Minting, Security Printing ID Card Operating Corp. (KOMSCO) to establish a blockchain open...

Blockchain Revolution Series

Former Jefferies and J.P. Morgan executives join blockchain services firm Wachsman

Jun 13, 2018 04:17 am UTC| Digital Currency

Blockchain professional services firm Wachsman has hired senior bankers from investment banks Jefferies and J.P. Morgan to lead a new blockchain strategy and advisory division. Wachsmans Strategic Advisory Group will...

Blockchain Revolution Series

South Korean banks to use blockchain for user verification from July

Jun 12, 2018 11:47 am UTC| Digital Currency Fintech

South Korean banks are going to introduce a new system based on distributed ledger technology (DLT), also known as blockchain, in a bid to enhance the user verification process in online and mobile banking, Korea Joongang...

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Economy

Dollar Holds Near Two-Month High as Yen Approaches 160

The U.S. dollar remained near a two-month high on Friday, supported by rising Treasury yields and expectations of additional Federal Reserve rate hikes, while the Japanese yen hovered near the closely watched...

Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets

Gold prices were largely unchanged on Friday but remained headed for a weekly loss of more than 3% as rising U.S. Treasury yields and elevated energy prices strengthened expectations that the Federal Reserve could raise...

Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets

Japanese bank stocks rallied on Friday as surging government bond yields and expectations for further Bank of Japan interest rate hikes strengthened the outlook for lenders profit margins. Shares of Mizuho Financial Group,...

Asian Stocks Fall as Surging Bond Yields Rattle Markets

Asian stocks mostly declined on Friday as a global bond market selloff drove long-term U.S. Treasury yields to multi-year highs, pressuring risk appetite across regional markets. Investors were also assessing the outcome...

Fed Unveils Stablecoin Rules Under GENIUS Act

The Federal Reserve has proposed a broad regulatory framework for payment stablecoin issuers, moving forward with implementation of the GENIUS Act and efforts to bring dollar-backed digital assets further into the...

Politics

Saudi Arabia, Turkey and Pakistan Plan Urgent Defence Talks Over Houthi Attacks

Saudi Arabia, Turkey and Pakistan are preparing an urgent high-level defence meeting to discuss support for the kingdom as Houthi missile and drone attacks intensify across Saudi territory. The talks will be held under the...

Ukrainian Drone Attacks Hit Russian Regions, Injuring at Least 12

A series of Ukrainian drone attacks struck several Russian regions on Friday morning, leaving at least one person dead and more than a dozen injured while damaging industrial sites, homes and vehicles, according to Russian...

Najib Razak Seeks Stay of 15-Year 1MDB Prison Sentence

Former Malaysian Prime Minister Najib Razak has asked a court to suspend a 15-year prison sentence linked to the 1Malaysia Development Berhad (1MDB) corruption scandal, his lawyer said Friday, following a royal pardon in a...

What ‘Taiwan Independence’ Means as Xi Presses Trump on US Policy

Chinese President Xi Jinpings call for President Donald Trump to oppose Taiwan independence has renewed attention on the complicated political and historical status of Taiwan and the differing positions held by Beijing,...

Xi Calls for Deeper U.S.-China AI Cooperation in Trump Talks

Chinese President Xi Jinping called for stronger cooperation with the United States on artificial intelligence during his state visit to Washington, highlighting AI safety and human oversight as potential areas for closer...

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

SpaceXAI to Double Nvidia Chips at Colossus 2 by Year-End

Elon Musk said SpaceXAI plans to nearly double the number of advanced Nvidia AI chips operating at its Colossus 2 data center by the end of 2026, significantly expanding the computing power behind its artificial...

SoftBank Shares Fall as Oracle Flags Stargate Data Center Delay Risk

SoftBank Group shares dropped on Friday after Oracle moved to protect itself against possible delays at a major New Mexico data center, adding to investor concerns over the financing and execution risks surrounding the...

Jeff Bezos Invests $32 Billion in Blue Origin as Space Firm Targets Major Growth

Jeff Bezos has invested about $32 billion in Blue Origin since founding the space company in 2000, underscoring the Amazon founders long-term commitment to competing in the rapidly expanding commercial space industry....

OpenAI to Preview GPT-6 Cyber AI Model for Cybersecurity

OpenAI is preparing to preview GPT-6 Cyber, a new artificial intelligence model focused on cybersecurity, within days as the company expands its push into AI-powered security tools, according to a Fortune report cited by...

Former OpenAI Data Center Chief Chris Malone Joins Nvidia

Chris Malone, the former head of data centers at OpenAI, has joined Nvidia as vice president of its DSX Platform, strengthening the chipmakers leadership team as demand for artificial intelligence infrastructure continues...