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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

Russian PM asks ministries to explore blockchain use in public sector

Mar 08, 2017 08:11 am UTC| Digital Currency

Russian Prime Minister Dmitry Medvedev has given instructions to two ministries to explore the application of blockchain technology in public sector. In a recent speech, Medvedev discussed blockchain and said that he...

Blockchain Revolution Series

South Korean province successfully completes blockchain-based voting for local community project

Mar 08, 2017 05:55 am UTC| Digital Currency

Blockchain startup Blocko Inc. announced that Gyeonggi-do, a populous province of South Korea, has adopted a blockchain-based voting system that is developed by Blocko, in a vote for local community projects that are...

Blockchain Revolution Series

EconoTimes to hold Insurtech & Blockchain Conference on March 20th; Tokyo Marine, Munich Reinsurance to share insights

Mar 08, 2017 00:01 am UTC| Fintech

Insurtech, a newly coined term, a portmanteau of insurance and technology is expected to be the hottest topic in this years fintech field. Amidst this growing attention, EconoTimes will be holdinga conference focusing on...

Blockchain Revolution Series

Dianrong, FnConn launch blockchain platform ‘Chained Finance’

Mar 07, 2017 07:11 am UTC| Digital Currency

Dianrong, an online marketplace lending in China, and FnConn, a subsidiary of Foxconn Technology Group, announced the market launch of Chained Finance, ablockchain platform for supply chain finance. The new blockchain...

Blockchain Revolution Series

Qtum announces support from PwC to help fuel blockchain adoption

Mar 07, 2017 06:08 am UTC| Digital Currency

The Qtum Foundation, an open source value transfer protocol, and decentralized application platform, announced that it has obtained support from PwC, a leading professional service provider, in its efforts to help fuel...

Blockchain Revolution Series

Stratis Platform launches ‘Breeze Wallet’ to increase financial privacy for blockchain

Mar 06, 2017 12:41 pm UTC| Digital Currency

Stratis, a UK-based blockchain development platform, has announced the release of an ambitious cryptocurrency project Breeze Wallet that is aimed in increasing the financial privacy available to the users of bitcoin and...

Blockchain Revolution Series

Blockchain project Hyperledger Fabric advances from incubation to active phase

Mar 06, 2017 09:15 am UTC| Digital Currency

The Hyperledger Project, a collaborative cross-industry effort created to advance blockchain technology, announced that its project Hyperledger Fabric has acquired the status from Incubation to Active that was approved by...

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Economy

Stock Futures Dip as Investors Await Key Payrolls Data

US stock futures declined early Friday as markets braced for the December nonfarm payrolls report, a pivotal indicator for Federal Reserve policy. By 03:28 ET, SP 500 futures slipped 0.2%, Nasdaq 100 futures dropped 0.3%,...

Autonomous Vehicles: The Next Technological Revolution

Autonomous vehicles (AVs) are poised to revolutionize transportation, much like the transition from horses to cars, according to Siddharth Mehta, Senior Director at AI computing firm Tenstorrent and former Waymo product...

Bitcoin Edges Higher Amid Jobs Report but Faces Weekly Decline

Bitcoin recorded modest gains on Friday following the release of Decembers stronger-than-expected jobs report, but it remains on track for significant weekly losses. Heightened concerns over slower U.S. interest rate cuts...

Elevated Stock Valuations and Rising Treasury Yields Pose Risks to US Equities

US equities face increasing risks as elevated stock valuations meet a less resilient economy, according to BCA Research analysts led by Peter Berezin. The SP 500 surged 23.3% in 2024, marking its strongest two-year...

US Job Growth Surges in December, Impacting Fed Rate Cut Outlook

The US economy defied expectations in December, adding 256,000 nonfarm payroll jobs, surpassing economists forecast of 164,000 and Novembers revised 212,000 increase. The unemployment rate dipped to 4.1%, down from...

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...