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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

South Korea’s ShinhanCard inks deal with OmiseGo to explore blockchain possibilities

Apr 10, 2018 04:00 am UTC| Digital Currency

South Korean banking giant Shinhan Financial Groups affiliate ShinhanCard has signed a Memorandum of Understanding (MoU) with fintech firm Omise and its Ethereum-based banking platform OmiseGO in order to explore...

Blockchain Revolution Series

A rubbish idea: how blockchains could tackle the world's waste problem

Apr 09, 2018 14:36 pm UTC| Insights & Views Digital Currency Technology

Cryptocurrencies like Bitcoin may fill news headlines, but attention has been shifting to the technology that underpins them: blockchains. Blockchains are virtual ledgers on which data can be permanently stored. They are a...

Blockchain Revolution Series

SNB underscores DLT scope for securities and cross border payments

Apr 09, 2018 10:16 am UTC| Digital Currency

Distributed ledger technology (DLT) has the potential to become an important part of the financial market infrastructure, a Swiss National Bank (SNB) official said recently. In a recent speech, Andréa M....

Blockchain Revolution Series

US SEC freezes $27M in stock sales of blockchain firm Longfin

Apr 09, 2018 05:56 am UTC| Digital Currency

The U.S. Securities and Exchange Commission (SEC) has moved to freeze over $27 million in trading proceeds from alleged illegal distributions and sales of restricted shares of Longfin Corp. Longfin Corp. went public on...

Blockchain Revolution Series

Digital Currency Revolution

Digital Currency and Blockchain Weekly Round-up – April 6th, 2018

Apr 06, 2018 11:42 am UTC| Digital Currency

BoE announces PoC on ensuring renewed RTGS services compatibility with DLT The Bank of England (BoE) has announced that it is commencing a proof-of-concept (PoC) to look into the way in which its renewed Real Time Gross...

Blockchain Revolution Series

Chilean Energy Minister launches blockchain technology in energy sector data

Apr 06, 2018 11:02 am UTC| Digital Currency

Chiles Minister of Energy Susana Jiménez has announced on Thursday that the National Energy Commission (CNE) will start using blockchain technology in order to boost the levels of security, integrity, traceability...

Blockchain Revolution Series

Blockchain startup Chainalysis raises $16M in Series A round

Apr 06, 2018 10:11 am UTC| Digital Currency

New York-based blockchain startup Chainalysis has announced that it has raised $16 million in Series A funding round led by Benchmark. The latest funding round follows a seed round in 2016 in which the startup secured...

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Economy

Google's TurboQuant Sends South Korean Chip Stocks Tumbling Amid AI Memory Demand Fears

South Korean equities took a sharp hit Friday as mounting concerns over reduced artificial intelligence memory demand dragged the KOSPI index to its lowest point in more than two weeks. The benchmark fell nearly 3% to...

Bank of Japan Faces Rate Uncertainty Amid Middle East Oil Shock

The Bank of Japan is bracing for significant inflation volatility as the ongoing Middle East conflict reshapes the global economic landscape, according to Kazuo Momma, a former BOJ executive now serving as chief economist...

Asian Currencies Hold Steady as Dollar Stays Firm Amid Middle East Uncertainty

Global currency markets remained largely subdued on Friday, with most Asian currencies showing minimal movement as the U.S. dollar held firm. Investors continued to weigh geopolitical developments in the Middle East and...

U.S. Praises Kurdistan's Role in Oil Markets Amid Iran War Fallout

U.S. Secretary of State Marco Rubio held a significant diplomatic call Thursday with Kurdistan Regional Government Prime Minister Masrour Barzani, signaling Washingtons commitment to regional energy stability as conflict...

Oil Prices Slip as Middle East Tensions Ease, Heading for Weekly Loss

Oil prices declined during Asian trading on Friday, putting both major benchmarks on course for a weekly loss of more than 4%, as signs of diplomatic progress between the United States and Iran reduced the geopolitical...

Politics

Russia Accused of Helping Iran Target U.S. Forces, European Powers Tell G7

European nations have formally accused Russia of providing military intelligence and drone technology to Iran to help target American forces in the Middle East, raising the issue directly with U.S. Secretary of State Marco...

Trump Signs Executive Order to Pay TSA Workers Amid Airport Security Crisis

President Donald Trump announced Thursday that he will sign an executive order directing Homeland Security Secretary Markwayne Mullin to ensure Transportation Security Administration (TSA) employees receive their pay,...

Iran Allows Oil Tankers Through Strait of Hormuz Amid U.S. Negotiations

Shipping activity through the Strait of Hormuz has notably increased in recent days, appearing to validate statements made by U.S. President Donald Trump that Iran permitted a number of oil tankers to pass through the...

US Military Eyes 10,000 Troop Surge to Middle East Amid Iran Nuclear Tensions

The Pentagon is reportedly considering deploying up to 10,000 additional ground troops to the Middle East, according to a Wall Street Journal report citing Department of Defense officials familiar with the planning. The...

California Renames Cesar Chavez Day to Farmworkers Day Following Sexual Abuse Allegations

California lawmakers have officially voted to rename Cesar Chavez Day to Farmworkers Day after multiple women came forward with sexual abuse allegations against the late labor rights leader. Both the State Senate and...

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

Federal Judge Blocks Pentagon's Blacklisting of AI Company Anthropic

A federal judge has temporarily prevented the Pentagon from enforcing its designation of Anthropic as a national security supply-chain risk, dealing an early blow to the Trump administration in a growing dispute over...

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...

Google's TurboQuant Algorithm Sends Memory Chip Stocks Tumbling

Major memory chipmakers took a significant hit on Thursday after Google researchers introduced a groundbreaking compression algorithm that threatens to reduce artificial intelligence demand for memory chips. Samsung...

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...