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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

China to establish blockchain research institute

Sep 05, 2017 06:21 am UTC| Digital Currency

China is going big on blockchain technology. The Ministry of Industry, under the China Electronic Information Industry Development Research Institute, in collaboration with Beijing Tiande Technology, has initiated the...

Blockchain Revolution Series

VEB clears misunderstanding, says deal struck with ‘Ethereum Russia’ not ‘Ethereum Foundation’

Sep 05, 2017 04:54 am UTC| Digital Currency

Vnesheconombank (VEB) has clarified that it has entered into an agreement with Ethereum Russia not Ethereum Foundation as suggested earlier. Ethereum Russia is a newly created entity, founded by Ethereum founder Vitalik...

Blockchain Revolution Series

US government funds blockchain research project on public library systems

Sep 04, 2017 08:32 am UTC| Digital Currency

The U.S. government has announced a $100,000 grant to a project that involves exploring blockchain application in the public library systems, CoinDesk reported. The project will be undertaken at the San Jose State...

Blockchain Revolution Series

Microsoft joins Initiative for Cryptocurrencies and Contracts

Sep 04, 2017 03:40 am UTC| Digital Currency

Tech titan Microsoft has joined the Initiative for Cryptocurrencies and Contracts (IC3) to advance blockchain-based solutions and infrastructure. Based at the Jacobs Technion-Cornell Institute at Cornell Tech in New...

Blockchain Revolution Series

RBI’s R&D institute to launch blockchain platform for banking applications

Sep 04, 2017 03:06 am UTC| Digital Currency Fintech

The Reserve Bank of Indias research arm, the Institute for Development and Research in Banking Technology (IDRBT), is planning to launch a blockchain-based platform, The Hindu Business Line reported. The platform is...

Blockchain Revolution Series

Digital Currency Revolution

Digital Currency and Blockchain Weekly Round-up – September 1st, 2017

Sep 01, 2017 10:42 am UTC| Digital Currency

EU MEP seeks to explore blockchain technology for refugee identity management The European Parliaments blockchain task force is seeking to leverage this emerging technology for the management of refugees. An amendment...

Blockchain Revolution Series

Six big banks join UBS’ blockchain-based digital currency 'USC' project

Sep 01, 2017 06:24 am UTC| Digital Currency

Six leading financial institutions have joined UBS project that involves developing a blockchain-based digital currency, Financial Times reported. Last August, UBS announced that it was joining forces with Deutsche...

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Economy

Wall Street Analysts Weigh in on Latest NFP Data

Wall Street analysts are closely analyzing the latest Non-Farm Payrolls (NFP) data, which offers crucial insights into the U.S. labor market. The report revealed a robust job creation figure, exceeding economists...

Bank of America Signals End to Fed Rate Cuts Amid Robust Job Market

Bank of America (BofA) has revised its forecast, stating the Federal Reserves rate-cutting cycle has concluded. This shift follows a stronger-than-expected December jobs report, which revealed a substantial payroll...

Stocks Slide as Strong Jobs Report Sparks Fed Rate Pause Concerns

The SP 500 plunged 1.6% on Friday after a stronger-than-expected December jobs report heightened fears of a prolonged Federal Reserve rate pause. The Dow Jones dropped 707 points (1.7%), while the NASDAQ Composite also...

EU Probes Musk's X Over Talk With AfD Leader Amid Election Concerns

Elon Musks planned discussion with Alice Weidel, leader of Germanys far-right Alternative for Germany (AfD) party, on his platform X is under scrutiny by the European Commission. This comes ahead of Germanys upcoming...

BlackRock Seeks FDIC Oversight Deadline Extension to March

BlackRock, the worlds largest asset manager, is requesting an extension on the Federal Deposit Insurance Corporation (FDIC) oversight deadline to March. The move comes as the company navigates regulatory complexities tied...

Politics

Biden Calls for Enhanced Cybersecurity to Counter Escalating Threats

President Joe Biden is introducing an executive order to strengthen cybersecurity standards for federal agencies and contractors, targeting vulnerabilities exposed by recent cyberattacks linked to China. The order,...

Liberal Party Seeks Trudeau's Replacement as Leadership Race Heats Up

Canadas Liberal Party is in search of a new leader following Prime Minister Justin Trudeaus announcement to step down. The winner will be revealed on March 9. Top contenders include prominent figures with extensive...

Japan’s Foreign Minister to Attend Trump’s Inauguration

Japanese Foreign Minister Takeshi Iwaya is set to attend Donald Trumps January 20 inauguration for his second term as U.S. president, marking a historic first for a Japanese cabinet member. According to Japans Nikkei...

Biden Extends Deportation Relief for 900,000 Immigrants Ahead of Trump's Return

President Joe Bidens administration has renewed deportation protections for 900,000 immigrants from Venezuela, El Salvador, Ukraine, and Sudan through the Temporary Protected Status (TPS) program. This move extends their...

Maduro Sworn in for Controversial Third Term Amid Election Dispute

Venezuelan President Nicolas Maduro, in power since 2013, was inaugurated for a third term despite an ongoing election dispute and international backlash. The July election, declared in Maduros favor by Venezuelas...

Science

Bill Gates’ Shocking New Malaria Solution Unveiled as Genetically Modified Mosquitoes Turn Into Flying Vaccinators

In a groundbreaking and controversial move, researchers funded by the Bill and Melinda Gates Foundation at Leiden University Medical Center have developed a revolutionary approach to combat malaria. The team has created...

Explosive CIA Whistleblower Claims Havana Syndrome Victims Face Cancer, Dementia, and Government Betrayal

A former CIA operative has come forward with alarming allegations, claiming that victims of the mysterious Havana Syndrome are now battling devastating health issues, including cancer, dementia, and Parkinsons disease. The...

FDA Approval of Opdivo Injection Sparks Hope for Cancer Patients with Revolutionary Treatment Update

In a significant advancement for cancer care, the U.S. Food and Drug Administration (FDA) has approved an injectable version of Bristol Myers Squibbs blockbuster cancer drug Opdivo. Branded as Opdivo Qvantig, the new...

Public Health Experts Warn of ‘Quad-Demic’ as Flu, COVID, RSV, and Norovirus Threaten Winter Surge

Public health experts are raising alarms over a potential quad-demic this winter, with flu, COVID-19, respiratory syncytial virus (RSV), and norovirus all expected to surge simultaneously. This unprecedented convergence of...

Philippines' 'Missile Acquisition' Plan Provokes China's 'Arms Race' Warning

The Philippines has announced plans to acquire the U.S.-developed Typhon missile system to bolster its maritime defense capabilities. This decision has elicited strong reactions from China, which warns that such a move...

Technology

Optimistic Outlook for Chipmakers in 2025 Driven by AI Demand

Mizuho analysts project a positive 2025 for chipmakers, supported by robust artificial intelligence (AI) demand, data center expansion, and advancements in networking and memory chips. This optimism persists despite...

TSMC December Sales Surge 57.8%, Driven by AI Demand

TSMC (NYSE:TSM), the worlds leading contract chipmaker, posted a 57.8% year-on-year jump in December sales, reaching T$278.16 billion ($8.44 billion). This sharp growth highlights robust demand from the booming artificial...

Tesla Unveils Redesigned Model Y in China to Compete in Crowded EV Market

Tesla has introduced a revamped Model Y in China, aiming to recapture market share from competitors like Xiaomi. Priced at 263,500 yuan ($35,900), the updated Model Y is 5.4% more expensive than its predecessor. Deliveries...

Elon Musk Offers Starlink Aid Amid LA Wildfires, Criticizes California's Crisis Management

Elon Musk announced that SpaceX would provide free Starlink terminals to wildfire-stricken areas in Los Angeles. The Tesla CEO shared on social media platform X that the terminals would be delivered by Thursday morning to...

Elon Musk’s Controversial EU Clashes Amid DSA Investigation

Elon Musk hosting Alice Weidel, leader of Germanys far-right Alternative for Germany (AfD) party, on his X platform has drawn scrutiny from the European Commission. This move coincides with heightened EU efforts to curb...