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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

Steemit’s SteemFest discusses cryptocurrency, blockchain and adoption of decentralized social media

Nov 15, 2016 04:54 am UTC| Digital Currency

Steemit, the leading decentralized social media platform, has wrapped up its first-ever public event in Europe, SteemFest, which was held at the Volkshotel in Amsterdam from November 1113. Attended by over 200...

Blockchain Revolution Series

Blockchain startup Symbiont adds ex-SEC Commissioner to board of directors

Nov 15, 2016 04:51 am UTC| Digital Currency

Symbiont, a New York-based blockchain startup, announced the appointment of former SEC Commissioner Daniel Gallagher and Todd Ruppert, former CEO and President of T.Rowe Price Global Investment Services, to its board of...

Blockchain Revolution Series

UNICEF makes investment in a South African blockchain startup

Nov 15, 2016 04:29 am UTC| Digital Currency

The United Nations Childrens Fund (UNICEF) announced its first portfolio of investments in open source technology solutions, including a South African startup that uses blockchain technology. UNICEFs first portfolio of...

Blockchain Revolution Series

KYCK! to use IBM Blockchain to improve customer onboarding process in financial institutions

Nov 14, 2016 10:32 am UTC| Digital Currency

Leading tech giant IBM has announced a blockchain project with Singapore-based fintech startup KYCK! to help enable financial services providers to more rapidly on-board their customers in a secure environment. KYCK! is...

Blockchain Revolution Series

OCBC Bank conducts successful pilot payment transaction using blockchain

Nov 14, 2016 09:53 am UTC| Digital Currency

OCBC Bank has conducted a successful pilot payment transaction with its subsidiaries OCBC Malaysia and Bank of Singapore on 8 November 2016, using blockchain or distributed ledger technology (DLT), Fintech Singapore...

Blockchain Revolution Series

BoE working on blockchain POCs via FinTech Accelerator

Nov 14, 2016 06:43 am UTC| Digital Currency

The Bank of England is working with fintech firms on a number of proof of concepts (POCs) through its FinTech Accelerator launched in June 2016, which includes data analytics, information security, and distributed...

Blockchain Revolution Series

HKMA digs deeper into blockchain technology, releases white paper

Nov 14, 2016 06:03 am UTC| Digital Currency

The Hong Kong Monetary Authority (HKMA), in collaboration with the Hong Kong Applied Science and Technology Research Institute (ASTRI), has released a new white paper on distributed ledger technology (DLT), commonly known...

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Economy

China Approves New VAT Law Effective 2026 to Boost Key Sectors and Economic Recovery

China has passed a comprehensive value-added tax law, effective in January 2026, consolidating regulations and offering targeted exemptions for sectors like agriculture, research, and welfare institutions. The reform aims...

Sam Altman Says Superintelligence Will Ignite a 10X Boom in AI Breakthroughs Transforming the Future of Innovation

Sam Altman envisions a world where superintelligence propels AI innovation 10x faster than expected, transforming global progress and redefining humanitys future. Early Arrival of AGI Sparks Debate The most noteworthy is...

China's WuXi AppTec Exits Gene Therapy Market Amid US Restrictions and Security Concerns

Chinas WuXi AppTec has signed an agreement to sell its gene therapy manufacturing arm, WuXi Advanced Therapies, to U.S.-based Altaris LLC, following mounting restrictions on Chinese firms in the United States over national...

American Airlines Christmas Eve Flight Delays Resolved After Hour-Long Grounding Caused by Technical Glitch

A technical glitch caused American Airlines to ground flights for an hour on Christmas Eve, delaying thousands of passengers during one of the busiest travel periods of the year. Operations resumed quickly, sparing the...

S&P 500 Climbs Ahead of Christmas Break with Tech Gains and $10B Equity Inflows

The SP 500 rose 1.1% Tuesday as tech stocks extended their rally. Equity inflows reached $10 billion, marking the largest since January 2017, while trading activity thinned ahead of the Christmas holiday. Tech Stocks...

Politics

Trump's '100% Serious' Greenland Purchase Plan Sparks Global Controversy

President-elect Donald Trump has reignited his ambition to acquire Greenland, declaring he is 100% serious about purchasing the autonomous Danish territory. This move has prompted significant international debate and...

Kamala Harris Leads J.D. Vance in 'Nail-Biting' 2028 Poll, Sparks Heated Debate

A recent SoCal Strategies poll has placed Vice President Kamala Harris narrowly ahead of Ohio Senator J.D. Vance in a hypothetical 2028 presidential matchup. The poll, released on Tuesday, shows Harris with 43% of likely...

Majority of Americans Confident in Trump's Ability to Achieve Middle East Peace, Poll Reveals

A recent survey by the Napolitan Institute indicates that 54% of Americans believe President-elect Donald Trumps administration will bring an end to conflicts in the Middle East. This optimism follows Trumps electoral...

Trump’s ‘Faith Commitment’ Praised by Cardinal Dolan Sparks Debate on President-Elect’s Religious Convictions

President-elect Donald Trump reportedly reassured Cardinal Timothy Dolan, the Archbishop of New York, of his dedication to his faith during a private conversation. Cardinal Dolan revealed that Trump emphasized his belief...

Trump’s ‘Death Penalty Push’ for Violent Offenders Promises Strict Justice, Sparks Intense National Debate

Former President Donald Trump announced a hardline stance on violent crime, pledging to reinstate and expand the death penalty for individuals convicted of heinous crimes. During a rally, Trump declared that, if...

Science

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...

Christmas Eve Asteroid' to Skim Past Earth at 14,743 mph Tonight, NASA Warns

NASA has announced that an asteroid, comparable in size to a 10-story building, will make a close approach to Earth on Christmas Eve. The space rock, designated 2003 SD220, is expected to pass by our planet at a speed of...

Emergency Declared as Bird Flu 'Spreads' to California Dairy Cows

California Governor Gavin Newsom has officially declared a state of emergency in response to the rapidly escalating bird flu outbreak. The declaration comes after avian influenza was detected in dairy cows, a rare and...

Missing Radioactive Material in New Jersey Sparks Panic — Are Drones ‘Hunting for It’?

A small amount of radioactive material went missing in New Jersey earlier this month, raising concerns over public safety and potential security risks. The U.S. Nuclear Regulatory Commission (NRC) confirmed on December 2,...

Some black holes at the centers of galaxies have a buddy − but detecting these binary pairs isn’t easy

Every galaxy has a supermassive black hole at its center, much like every egg has a yolk. But sometimes, hens lay eggs with two yolks. In a similar way, astrophysicists like us who study supermassive black holes expect to...

Technology

BYD Factory in Brazil Faces Investigation as Chinese Workers Found in 'Slavery-like Conditions'

Brazilian officials discovered 163 Chinese workers in slavery-like conditions at a BYD factory construction site in Bahia. Workers faced withheld passports, long hours, and unsafe environments, sparking an ongoing...

Toyota Targets BYD and Chinese Rivals with Shanghai EV Factory for Lexus Production by 2027

Toyota is reportedly planning a new EV factory in Shanghai to independently produce Lexus models, starting in 2027. The move comes as the automaker faces stiff competition from Chinese rivals like BYD in the worlds largest...

Biden Hands China Chip Tariff Probe to Trump as Trade War Heats Up Over Semiconductor Dominance

The U.S. has opened a trade investigation into Chinese legacy semiconductors, aiming to curb Beijings state-driven chip buildup. The probe, announced just weeks before Donald Trumps inauguration, could lead to additional...

Musk’s X Raises Premium-Plus Plan to $22 With Creator Payouts and AI Features in Focus

X, the platform owned by Elon Musk, raised its premium-plus subscription to $22 in the U.S., emphasizing enhanced creator payouts and advanced AI-driven features like the Grok chatbot. The updated pricing takes effect for...

'Drones Plummet onto Crowd' at Orlando Holiday Show, Prompting NTSB Investigation

The National Transportation Safety Board (NTSB) has initiated an investigation into a malfunction involving unmanned aircraft systems (UAS) that resulted in drones falling into the audience during a holiday show at Lake...