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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

R3's Marco Polo blockchain consortium welcomes Bangkok Bank

May 25, 2018 05:08 am UTC| Digital Currency

Thai banking giant Bangkok Bank has joined the Marco Polo, a trade finance initiative run by enterprise software firm R3 and trade finance technology specialist TradeIX. Launched in September 2017, the initiative...

Blockchain Revolution Series

EY and Guardtime launch marine insurance blockchain platform ‘Insurwave’

May 25, 2018 04:24 am UTC| Digital Currency

Consulting giant EY and Guardtime, along with a number of industry participants, have launched a marine insurance blockchain platform Insurwave. Insurwave, a blockchain platform to support marine hull insurance, is the...

Blockchain Revolution Series

MAS proposes review of regulatory framework to include blockchain and p2p trading platforms

May 25, 2018 03:34 am UTC| Digital Currency

The Monetary Authority of Singapore (MAS) has proposed to expand the existing recognised market operators (RMOs) regime in the wake of new business models in trading platforms, which includes peer-to-peer (p2p) and...

Blockchain Revolution Series

Commerzbank and Thyssenkrupp Completes Deal Via Blockchain Platform

May 25, 2018 03:03 am UTC| Technology

As the development of blockchain technology continues to roll out, more and more institutions are adopting it into their system. And among these are the financial sector. Blockchain tech is viewed as a major catalyst for...

Blockchain Revolution Series

Prolific experimentation of Blockchain on FX forward transaction by Commerzbank and thyssenkrupp

May 24, 2018 14:13 pm UTC| Research & Analysis Fintech Insights & Views Commentary

Weve been seeing the newly invented advanced technologies on a constant basis, now the Blockchain can have a large impact on the way transactions and ownership are recorded, it is important to note that there are actually...

Blockchain Revolution Series

EY Americas tax to organize Fintech day in Boston

May 24, 2018 12:16 pm UTC| Research & Analysis Fintech Insights & Views Commentary

The buzz around fintech has gained the substantial attention of traditional financial institutions in the recent times, start-ups, venture capitalists, and regulators. Banks and regulators are hard-pressed to revisit their...

Blockchain Revolution Series

Blockchain startup Block.one announces $1B venture fund ‘EOS VC’

May 24, 2018 09:20 am UTC| Digital Currency

Blockchain startup Block.one has announced a venture capital initiative to foster the EOS ecosystem. The company has announced EOS VC and committed to investing more than $1 billion into funds focused on the growth of...

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Economy

Time to buy local: war fuel price shocks reveal the folly of a long food supply chain

Most of our food travels many thousands of kilometres across Australia to reach our kitchens. We are highly dependent on a vast web of long-haul trucks to move food between growers, massive food distribution hubs and large...

Gold is meant to be a ‘safe haven’ in uncertain times. Why is it crashing amid a war?

Gold has long enjoyed a reputation as a financial safe haven during stormy times. But over the past few months of geopolitical chaos and market panic, the precious metal has moved more like a roller coaster than a steady...

WTO Reform Talks Begin in Cameroon Amid Global Trade Tensions

Trade ministers from around the world convened Thursday in Yaoundé, Cameroon, for a critical four-day summit focused on reforming the World Trade Organization. The high-stakes gathering comes at a turbulent moment...

Japan Eyes Oil Futures Intervention to Stabilize Yen Amid Middle East Crisis

Japan is exploring an unconventional strategy to halt the yens ongoing decline directly intervening in global crude oil futures markets. The proposal, first reported by Reuters, signals Tokyos growing frustration as...

U.S. Stock Futures Steady as Iran Reviews U.S. Ceasefire Proposal

U.S. stock index futures held relatively steady on Wednesday evening after Iran signaled it was reviewing a ceasefire proposal put forward by Washington aimed at ending the ongoing Middle East conflict. The cautious market...

Politics

SMIC Allegedly Supplies Chipmaking Tools to Iran's Military, U.S. Officials Warn

Chinas top semiconductor manufacturer, SMIC (Semiconductor Manufacturing International Corporation), has reportedly been transferring chipmaking equipment to Irans military industrial complex, according to two senior Trump...

Trump's Signature to Appear on U.S. Currency Starting Summer 2025

In a historic first, U.S. paper currency will carry President Donald Trumps signature beginning this summer, making him the first sitting president to sign American money. The Treasury Department announced the change...

CPAC 2026: Republicans Back Trump's Iran Strikes Amid Growing Public Skepticism

Republican leaders and conservative activists gathered at the 2026 Conservative Political Action Conference in Grapevine, Texas, rallying behind President Donald Trumps military strikes against Iran even as national polls...

Russia-Iran Military Alliance Deepens With Drone Shipments Amid Middle East Tensions

Moscow is moving closer to completing a multi-phase transfer of lethal drones, medicine, and food supplies to Tehran, according to Western intelligence sources cited by the Financial Times. The deliveries are designed to...

Iran-U.S. Negotiations: Tehran Reviews American Peace Proposal Amid Ongoing Gulf Conflict

Irans foreign minister confirmed Wednesday that Tehran is examining a United States peace proposal aimed at ending the escalating Gulf war, though officials stressed this falls short of direct negotiations between the two...

Science

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

Reflection AI Eyes $25 Billion Valuation in Massive $2.5 Billion Funding Round

Nvidia-backed artificial intelligence startup Reflection AI is in advanced discussions to secure $2.5 billion in fresh funding, with negotiations pointing to a staggering pre-money valuation of $25 billion, according to a...

Nanya Technology Shares Surge 10% After $2.5 Billion Private Placement from Sandisk and Cisco

Shares of Taiwan-based memory chip manufacturer Nanya Technology soared to their daily limit of 10% on Thursday morning following the companys announcement of a major $2.5 billion private placement deal backed by prominent...

SK Hynix Eyes Up to $14 Billion U.S. IPO to Fund AI Chip Expansion

South Korean memory chip giant SK Hynix has submitted a confidential filing for a U.S. stock market listing in 2026, with sources indicating the move could raise as much as $14 billion. The company intends to offer...

Meta Ties Executive Pay to Aggressive Stock Price Targets in Major Retention Push

Meta Platforms made a significant move this week by granting restricted stock units and stock options to several of its most senior leaders, including Chief Financial Officer Susan Li and Chief Technology Officer Andrew...

SpaceX IPO Filing Expected This Week as Valuation Could Surpass $75 Billion

Elon Musks SpaceX is reportedly moving closer to going public, with plans to submit its initial public offering prospectus to regulators as early as this week or next, according to a report by The Information citing a...