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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

Bermuda signs MOU with blockchain KYC/AML platform Shyft

May 16, 2018 05:11 am UTC| Digital Currency

The government of Bermuda has inked a Memorandum of Understanding (MOU) with Shyft, a blockchain KYC/AML solution. In the past couple of weeks, the government has been collaborating on a number of blockchain...

Blockchain Revolution Series

NEM showcases Kchain, Luxtag and other companies built on NEM Blockchain at Consensus 2018

May 16, 2018 04:24 am UTC| Digital Currency

The NEM.io Foundation and the developers of NEM blockchain announced a line-up of 15 partners at Consensus 2018 that are deploying NEM to build new products. Exhibiting partners include TechBureau / mijin, Asta,...

Blockchain Revolution Series

HSBC successfully executes trade finance transaction on R3’s blockchain platform

May 15, 2018 10:45 am UTC| Fintech Insights & Views Technology

HSBC Singapore completed a transaction using blockchain based on which it shows they perceived that the technology seems commercially compatible for trade finance business. The banking giant is joining hands with ING...

Blockchain Revolution Series

ICON comes aboard LINE Plus’ blockchain initiative ‘Unchain’

May 15, 2018 09:41 am UTC| Digital Currency

Chat giant LINEs mobile platform subsidiary LINE Plus and ICON are co-founding Unchain to build LINEs blockchain network. LINE Plus last month announced the launch of its blockchain subsidiary Unchain, which marked its...

Blockchain Revolution Series

Digital Currency Revolution

FxWirePro: BCH forms shooting star to signal weakness ahead of imminent hard fork

May 15, 2018 05:39 am UTC| Digital Currency Fintech Technicals

BCHUSD (Bitcoin coin cash) forms shooting stars quite frequently at 1466.9, 1478 and now at 1458 levels, both leading oscillators evidence faded strength and lagging indicators signal uptrend reversal (refer daily chart). ...

Blockchain Revolution Series

Blockchain startup Ripple to grow businesses on XRP ledger with Xpring initiative

May 15, 2018 05:16 am UTC| Digital Currency

Blockchain startup Ripple has announced a new initiative to support projects and companies in the blockchain and digital assets space. Dubbed Xpring (pronounced spring), the initiative will invest in, incubate, acquire...

Blockchain Revolution Series

Mitsubishi to pilot payments from Thailand to Singapore over Ripple’s blockchain network

May 15, 2018 04:23 am UTC| Digital Currency

Mitsubishi Corporation, Standard Chartered Bank, MUFG Bank and its Thai subsidiary Bank of Ayudhya (Krungsri) have announced a pilot test for moving real funds over RippleNet Ripples enterprise blockchain network. The...

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Economy

India Budget 2026: Modi Government Eyes Reforms Amid Global Uncertainty and Fiscal Pressures

Indias central government is set to present its annual budget on Sunday, a closely watched event as Prime Minister Narendra Modis administration seeks to accelerate domestic reforms while navigating rising global...

China Home Prices Rise in January as Government Signals Stronger Support for Property Market

Average prices of new homes across 100 major Chinese cities recorded an increase in January, while price declines in the secondary housing market continued to narrow, according to a private survey. The data suggests early...

South Korea Exports Surge in January on AI Chip Demand, Marking Fastest Growth in 4.5 Years

South Koreas exports recorded a strong start to the year, rising for an eighth consecutive month in January and posting their fastest growth in four and a half years, driven largely by booming global demand for AI servers...

Russia Stocks End Flat as MOEX Closes Unchanged Amid Mixed Global Signals

Russian stocks finished Saturdays trading session slightly lower overall, with the benchmark MOEX Russia Index closing unchanged at 0.00% in Moscow. Market sentiment remained cautious as investors weighed mixed...

China Factory Activity Slips in January as Weak Demand Weighs on Growth Outlook

Chinas factory activity contracted at the start of the year, highlighting persistent pressure from weak domestic demand despite continued policy support from Beijing. An official survey released on Saturday showed that...

Politics

Trump Says Fed Pick Kevin Warsh Could Win Democratic Support in Senate Confirmation

U.S. President Donald Trump has expressed confidence that his nominee to lead the Federal Reserve, Kevin Warsh, could secure votes from Senate Democrats during what is expected to be a closely watched and potentially...

Christian Menefee Wins Texas Special Election, Narrowing GOP House Majority

Democrat Christian Menefee has won a Texas special election for the U.S. House of Representatives, according to the Associated Press, a result that further tightens Republicans slim majority in the chamber. Menefees...

Trump’s Iraq Envoy Mark Savaya Ousted Amid U.S.-Iraq Tensions Over Iran Influence

Mark Savaya, who was named by U.S. President Donald Trump as special envoy for Iraq in October, is no longer serving in that role, according to multiple sources familiar with the decision. The reported removal comes at a...

Keir Starmer Urges Prince Andrew to Testify in U.S. Epstein Investigation

British Prime Minister Keir Starmer has called for former Prince Andrew to testify before a U.S. congressional committee following new revelations about his long-standing links to disgraced financier and convicted sex...

U.S. Government Enters Brief Shutdown as Congress Delays Funding Deal

The U.S. government entered a partial shutdown early Saturday after Congress failed to finalize a funding agreement before a midnight deadline, temporarily halting a range of federal operations. The shutdown officially...

Science

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...

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...

Technology

Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate

Speculation around a potential Musk Inc has resurfaced as Elon Musks companiesSpaceX, Tesla, and xAIexplore closer ties amid rapid advances in artificial intelligence and automation. With SpaceX expected to go public later...

SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz

SpaceX delivered a strong financial performance last year, generating an estimated $8 billion in profit on revenues between $15 billion and $16 billion, according to people familiar with the companys results. The figures,...

SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom

SpaceX has revised its Starlink privacy policy to allow customer data to be used for artificial intelligence training, a move that could significantly support Elon Musks broader AI ambitions. The policy change comes as...

Nvidia’s $100 Billion OpenAI Investment Faces Internal Doubts, Report Says

Nvidias ambitious plan to invest up to $100 billion in OpenAI, aimed at supporting the training and operation of next-generation artificial intelligence models, has reportedly hit a roadblock. According to a report...

Federal Judge Signals Possible Dismissal of xAI Lawsuit Against OpenAI

A U.S. federal judge has signaled she may dismiss a high-profile lawsuit filed by Elon Musks artificial intelligence startup, xAI, against rival OpenAI, dealing a potential setback to Musk in an escalating legal battle...