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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

South Korea Central Bank Signals Inflation Concerns as Oil Prices Surge

South Koreas central bank is expected to place greater emphasis on inflation control after rising global oil prices triggered concerns that inflation could move above the Bank of Koreas 2% target. The warning came from...

Norway Core Inflation Hits 3.2% in April, Fueling Interest Rate Hike Expectations

Norways annual core inflation rate climbed to 3.2% in April, reinforcing expectations that the countrys central bank could maintain higher interest rates for a longer period. The latest figures, released by Statistics...

Goldman Sachs Delays Fed Rate Cut Forecast to 2026 Amid Rising Inflation Concerns

Goldman Sachs has pushed back its forecast for U.S. Federal Reserve interest rate cuts, now expecting reductions in December 2026 and March 2027 instead of the previously projected September and December 2026 cuts. The...

ECB Signals Possible Interest Rate Move if Inflation Outlook Fails to Improve

European Central Bank (ECB) governing council member Martin Kocher signaled that the ECB may soon need to adjust interest rates if inflation in the eurozone does not show meaningful improvement. His comments, published...

Indian Stock Market Drops as Iran Conflict Fuels Oil Price and Inflation Fears

Indian stock markets opened sharply lower on Monday as investors reacted to growing concerns over the economic fallout from the escalating Middle East conflict and rising crude oil prices. The Nifty 50 index declined 1.2%...

Politics

US Auto Industry Urges Trump to Block Chinese EV Market Access

As President Donald Trump prepares for a high-profile meeting with Chinese President Xi Jinping, pressure is mounting from U.S. automakers, lawmakers, unions, and manufacturers urging the administration to keep Chinese...

Trump-Xi Summit Sparks Renewed Hope for Americans Detained in China

Families of two Americans imprisoned in China for more than a decade are urging U.S. President Donald Trump to raise their cases during his meeting with Chinese President Xi Jinping. The detainees, Dawn Michelle Hunt and...

Trump Rejects Iran Proposal as Strait of Hormuz Crisis Pushes Oil Prices Higher

Oil prices surged Monday after former U.S. President Donald Trump rejected Irans latest response to a U.S.-backed peace proposal, raising fears that the ongoing Middle East conflict could intensify and further disrupt...

Taiwan Confident in Strong U.S. Relations Ahead of Trump-Xi China Summit

Taiwan Foreign Minister Lin Chia-lung said Monday that Taipei remains confident in the stable growth of Taiwan-U.S. relations as U.S. President Donald Trump prepares for a high-profile visit to China this week. Trump is...

Netanyahu Signals Plan to End Reliance on U.S. Military Aid Within 10 Years

Israeli Prime Minister Benjamin Netanyahu said Israel aims to gradually eliminate its dependence on U.S. military assistance over the next decade while expanding strategic partnerships with Gulf nations. In an interview...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

Technology

Nintendo Shares Tumble as Weak Forecast and Rising Switch 2 Costs Worry Investors

Nintendo shares plunged on Monday after the Japanese gaming giant posted annual earnings that missed analyst expectations and issued a weaker-than-expected outlook for the current fiscal year. The disappointing forecast...

AI-Driven Inflation Raises U.S. Consumer Prices, Goldman Sachs Says

Artificial intelligence is starting to increase U.S. consumer prices through rising costs in electronics, software, and electricity, according to a new Goldman Sachs report. The investment bank said AI-related inflation...

Judge Delays SEC Settlement With Elon Musk Over Twitter Stock Disclosure Case

A federal judge has declined to immediately approve a proposed $1.5 million settlement between Elon Musk and the U.S. Securities and Exchange Commission (SEC) tied to Musks 2022 Twitter stock purchase disclosures. The...

Broadcom Eyes $35 Billion AI Chip Financing Deal With Apollo and Blackstone

Broadcom Inc. is reportedly in discussions with Apollo Global Management and Blackstone Inc. to secure around $35 billion in financing for its expanding artificial intelligence chip business, according to a Bloomberg...

Dell Stock Hits Record High After Trump Endorsement, AI Server Demand Fuels Rally

Dell Technologies Inc. (NYSE: DELL) surged to an all-time high on Friday after receiving a public endorsement from President Donald Trump during a White House event. The president encouraged Americans to go out and buy...