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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

New partnership brings blockchain developer tools to Google Cloud

Jul 24, 2018 09:14 am UTC| Digital Currency

New York-based blockchain startup Digital Asset has teamed up with Google Cloud to bring its blockchain solutions and developer tools to the cloud platform. With this partnership, developers would be able to access a...

Blockchain Revolution Series

South Korean telecom company KT showcases blockchain-based network

Jul 24, 2018 06:47 am UTC| Digital Currency

South Korean telecom giant KT on Tuesday showcased a blockchain-powered commercial network, capable of handling 2,500 transactions per second (TPS), according to Yonhap News Agency. The company said that it aims the...

Blockchain Revolution Series

Former Deloitte partner Ian Chan joins blockchain interoperability network Aion

Jul 24, 2018 05:06 am UTC| Digital Currency

Aion Foundation, a nonprofit focused on advancing the Aion protocol, has announced Ian Chan, formerly a partner at Deloitte, has joined the Foundation as a senior executive. Deloitte spin-off, enterprise blockchain...

Blockchain Revolution Series

Bank of England confirms renewed RTGS’ compatibility with DLT-based systems

Jul 24, 2018 03:29 am UTC| Digital Currency Fintech

Based on its proof-of-concept (POC), the Bank of England (BoE) has confirmed that its renewed Real-Time Gross Settlement (RTGS) service would be capable of supporting settlement in systems operating on Distributed Ledger...

Blockchain Revolution Series

Huobi to set up Blockchain Plus Industry Alliance

Jul 23, 2018 11:57 am UTC| Digital Currency

Huobi, the third largest cryptocurrency exchange in terms of 24h trading volume, last week announced a new initiative to deepen the integration of blockchain and other industries. The company said that it has commenced...

Blockchain Revolution Series

'Big Four' auditing firms to test blockchain for financial reporting in Taiwan

Jul 23, 2018 11:15 am UTC| Digital Currency Fintech

The Big Four auditing firms Deloitte, EY, KPMG and PwC are teaming up with a group of 20 banks in Taiwan in order to test a blockchain solution for auditing public companies interim financial reports, CoinDesk reported...

Blockchain Revolution Series

Chinese city of Nanjing announces $1.5B blockchain investment fund

Jul 23, 2018 09:17 am UTC| Digital Currency

Nanjing, the capital of Chinas Jiangsu province, in collaboration with Zhongguancun Blockchain Industry Alliance, has announced a 10 billion yuan ($1.48 billion) blockchain investment fund to foster blockchain ecosystem in...

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Economy

Some experts say the US economy is on the up, but here’s why voters don’t think so

Many Americans are gloomy about the economy, despite some data saying it is improving. The Economist even took this discussion to TikTok. When its US editor John Prideaux examined inflation, wage and employment numbers,...

Electric air taxis are on the way – quiet eVTOLs may be flying passengers as early as 2025

Imagine a future with nearly silent air taxis flying above traffic jams and navigating between skyscrapers and suburban droneports. Transportation arrives at the touch of your smartphone and with minimal environmental...

Electricity from farm waste: how biogas could help Malawians with no power

In sub-Saharan Africa, over 600 million people (more than 50% of the population) are without access to electricity. Malawi has one of the worlds lowest electricity access rates just 14.1% of the total population have...

High interest rates aren’t going away anytime soon – a business economist explains why

The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level a...

US long-term care costs are sky-high, but Washington state’s new way to help pay for them could be nixed

If you needed long-term care, could you afford it? For many Americans, especially those with a middle-class income and little savings, the answer to that question is absolutely not. Nursing homes charge somewhere...

Politics

Donald Trump Allegedly Offers Oil Execs a Deal to Scrap EV Incentives for $1B Donation

Former President Donald Trump reportedly proposed a $1 billion deal to oil executives, offering to end electric vehicle (EV) subsidies in return for campaign funding, according to The Washington Post. This move underscores...

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

What the Supreme Court is doing right in considering Trump’s immunity case

Following the nearly three-hour oral argument about presidential immunity in the Supreme Court on April 25, 2024, many commentators were aghast. The general theme, among legal and political experts alike, was a...

US Urges China, Russia to Reject AI Control in Nuclear Arms, Align with Global Norms

Paul Dean, a senior U.S. arms control official, emphasized the critical need for China and Russia to join the U.S. in declaring that humans will always decide on the deployment of nuclear weapons, not artificial...

US election: why it’s not the protesters’ votes that the Democrats should worry about

As hundreds of New York police officers in riot gear were called in to clear away a student protest at Columbia University on Tuesday night, the university president Nemat Shafik was saying she had no choice but to take...

Science

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Technology

South Korea Sets to Implement Crypto Delisting Under New Regulations

South Koreas Financial Supervisory Service has announced a forthcoming regulation that mandates the delisting of several cryptocurrencies. This move, set to take effect with the Virtual Asset User Protection Act in July,...

Binance and KuCoin Gain FIU Registration in India

In a significant move towards regulatory compliance, Binance and KuCoin have been officially registered with Indias Financial Intelligence Unit (FIU). This registration signals a major shift in the Indian cryptocurrency...

Former SEC Commissioner Criticizes Broad Crypto Definitions, Lubin Challenges SEC

At the TokenizeThis 2024 conference, former SEC Commissioner Troy Paredes criticized the SEC for its expansive interpretation of digital assets as securities. Concurrently, Ethereum co-founder Joseph Lubin at the F.T. Live...

Pantera Capital Sets Record with Massive Investment in Telegram's TON

Pantera Capital has announced a record-breaking investment in Telegrams TON blockchain, marking its largest commitment to date and signifying robust confidence in blockchains future. This strategic move underscores a major...

Xiaomi SU7 Fails After 39km, Company Offers Compensation and Replacement

In a recent setback, a Xiaomi SU7 electric vehicle owned by Mr. Wen malfunctioned after just 39 kilometers, leading to significant customer dissatisfaction. Xiaomi has responded by offering compensation and agreeing to...