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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

Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook

Asian currencies traded within narrow ranges on Friday as the U.S. dollar paused after a strong weekly rally, while the Japanese yen remained close to a four-decade low amid lingering concerns over potential government...

Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer

Chinas automotive market may be approaching a turning point after a challenging second quarter, according to Morgan Stanley, although the investment bank expects any significant recovery in vehicle demand to emerge only...

S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges

SP Global Ratings has reaffirmed Brazils BB/B long- and short-term foreign and local currency sovereign credit ratings, maintaining a stable outlook. The agency also kept the countrys transfer and convertibility assessment...

Gold Prices Rise Above $4,000 as Inflation Data and Weaker Dollar Boost Demand

Gold prices recovered on Thursday after falling to their lowest levels since November 2025, supported by a weaker U.S. dollar following the release of the latest U.S. inflation data. While easing concerns over aggressive...

Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes

Wall Street closed mixed on Thursday after a volatile trading session driven by contrasting performances from major technology companies. Investors reacted positively to Micron Technologys strong earnings and AI-driven...

Politics

US Approves $250 Million Fighter Jet Training Sale to Australia

The United States has approved a potential $250 million military sale to Australia, reinforcing the long-standing defense partnership between the two allies. The U.S. State Department announced on Thursday that it had...

Johns Hopkins University Lays Off 110 Employees as Federal Research Funding Declines

Johns Hopkins University has announced the layoff of 110 employees following significant reductions in federal research funding, highlighting the growing financial challenges facing one of the United States leading...

Iran Attack in Strait of Hormuz Pushes Oil Prices Higher

Global oil prices climbed on Thursday after Irans Islamic Revolutionary Guard Corps (IRGC) reportedly attacked a Singapore-flagged cargo vessel in the Strait of Hormuz, reigniting concerns over Middle East tensions and...

Republican Lawmaker Introduces AI Incident Reporting Bill to Strengthen U.S. AI Safety

The United States could soon see new artificial intelligence regulations after Republican Representative Nathaniel Moran of Texas introduced the proposed AI Incident Reporting Act, a bill designed to improve transparency...

Iran Strait of Hormuz Tensions Rise After Ship Attack Delays IMO Escort Mission

A reported attack on a cargo ship near the Strait of Hormuz has prompted the United Nations International Maritime Organization (IMO) to temporarily suspend its ship escort mission, raising fresh concerns over the fragile...

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

OpenAI May Delay IPO to 2027 Amid $1 Trillion Valuation Goal

OpenAI is reportedly considering postponing its highly anticipated initial public offering (IPO) until 2027 as it pursues an ambitious $1 trillion valuation. According to a report by The New York Times, company executives...

Kioxia Targets U.S. Listing as AI Chip Boom Accelerates

Japan-based Kioxia Holdings Corp. (TYO:285A) is preparing to launch U.S. depositary shares in the spring of 2027, a strategic move aimed at expanding its global investor base and taking advantage of growing enthusiasm for...

Doncasters Raises $919 Million in NYSE IPO as Aerospace Growth Accelerates

Doncasters has successfully raised $919.3 million through its U.S. initial public offering (IPO), marking a significant milestone in the aerospace components manufacturers long-term transformation. The historic British...

SK Hynix Targets $29.4 Billion Nasdaq Listing to Expand AI Chip Business

SK Hynix has announced plans to raise as much as $29.4 billion through a Nasdaq listing in the United States, positioning the deal as one of the largest global stock offerings in history. The South Korean memory chip...

Alibaba Shares Fall After Anthropic Alleges Massive AI Model Distillation Campaign

Alibaba Groups Hong Kong-listed shares dropped sharply on Thursday after reports revealed that U.S.-based artificial intelligence company Anthropic accused the Chinese tech giant of conducting a large-scale campaign to...