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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

Coinsecure and OKLink collaborate to bring remittances to India using blockchain

Sep 21, 2016 11:22 am UTC| Digital Currency

Coinsecure, an Indian bitcoin exchange, has partnered with a global money transfer network OKLink that was recently launched by OkCoin, in a move to bring remittances through blockchain technology to Indian...

Blockchain Revolution Series

DTCC comments on ESMA’s blockchain discussion paper

Sep 21, 2016 10:16 am UTC| Digital Currency

The Depository Trust Clearing Corporation (DTCC) has submitted comments to the European Securities Market Association (ESMA) in response to the discussion paper on blockchain technology issued by ESMA in June. The...

Blockchain Revolution Series

Microsoft releases early version of blockchain infrastructure project Bletchley

Sep 21, 2016 07:06 am UTC| Digital Currency

Microsoft Azure has announced the release of an early version of its new project Bletchley and the next level of detail regarding the roadmap of features for Cryptlets. We expand on the work we have done to create a...

Blockchain Revolution Series

Synechron launches six cloud-based Blockchain Accelerator applications

Sep 21, 2016 06:09 am UTC| Digital Currency

Synechron Inc., a digital, business consulting and technology services provider, has announced the launch of its Blockchain Accelerator Program that includes its first six blockchain applications available in the...

Blockchain Revolution Series

No likelihood of blockchain revolution occurring any time soon, says Bank of England

Sep 21, 2016 05:26 am UTC| Digital Currency

In a recent speech, a Bank of England executive has reiterated the central banks view on distributed ledger technology, saying that blockchain revolution is unlikely to happen anytime soon. Speaking at the CREST...

Blockchain Revolution Series

Chamber of Digital Commerce adds consulting firm Wipfli

Sep 21, 2016 05:25 am UTC| Digital Currency

Chamber of Digital Commerce, the first Washington DC-based trade association representing the blockchain and digital asset industry, has added accounting and business consulting firm Wipfli LLP as its member. According...

Blockchain Revolution Series

R3, Axoni and others build blockchain prototype for financial reference data management

Sep 21, 2016 04:52 am UTC| Digital Currency

Financial innovation companies R3 and Axoni, in collaboration with other buy-side and sell-side financial services firms, have recently completed a multi-month proof of concept (PoC) exercise, which aimed to build a...

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Economy

Stocks Surge as Strait of Hormuz Reopens, Oil Prices Plunge

U.S. stock markets closed sharply higher on Friday as easing Middle East tensions and the temporary reopening of the Strait of Hormuz sent investor confidence soaring. The SP 500 gained 1.2% to finish at 7,125.36, the...

Oil Prices Plunge as Strait of Hormuz Reopens Amid U.S.-Iran Ceasefire Talks

Global oil prices fell sharply on Friday after Iran and the United States jointly announced the temporary reopening of the Strait of Hormuz, easing fears over a major disruption to the worlds oil supply. Brent crude...

Dollar Retreats as Strait of Hormuz Reopens, Easing Safe-Haven Demand

The U.S. dollar surrendered most of its war-driven gains on Friday after Iran announced the Strait of Hormuz was completely open, reducing the safe-haven appeal that had propped up the currency since the U.S.-Iran conflict...

IMF Warns Middle East War to Deepen Economic Divide Across Latin America and Caribbean

The ongoing Middle East conflict is expected to widen economic inequality across Latin America and the Caribbean, according to the International Monetary Fund. While oil-exporting nations stand to gain short-term...

Asian Currencies Hold Steady Amid Iran Peace Talks and BOJ Rate Hike Uncertainty

Asian currencies traded in a narrow range on Friday as investors remained cautious ahead of further U.S.-Iran peace negotiations, while the Japanese yen slipped after the Bank of Japans governor signaled little urgency to...

Politics

Anthropic CEO Meets Trump Officials to Discuss Powerful New AI Model Mythos

Anthropic CEO Dario Amodei sat down with senior Trump administration officials last Friday in what analysts are calling a pivotal move to repair a strained relationship between the AI company and the federal government....

Trump and IRS in Settlement Talks Over $10 Billion Tax Return Leak Lawsuit

Donald Trumps legal team and the Internal Revenue Service are reportedly engaged in settlement negotiations over a $10 billion federal lawsuit stemming from the unauthorized disclosure of the presidents private tax...

UNICEF Condemns Killing of Aid Workers Delivering Water in Gaza

The United Nations childrens agency UNICEF has expressed outrage following the fatal shooting of two contracted truck drivers who were delivering clean water to families in the Gaza Strip. The deadly incident occurred on...

Iran Reopens Strait of Hormuz Amid Fragile Ceasefire and Ongoing Nuclear Tensions

Iran has temporarily reopened the Strait of Hormuz to commercial shipping following a U.S.-brokered ceasefire between Israel and Lebanon, sparking cautious optimism in global markets. However, Tehran issued a stark warning...

Trump Teases Imminent Release of UFO Documents After Government Review

President Donald Trump announced Friday that his administrations review of classified UFO-related materials has uncovered a number of interesting documents, with the first batch expected to be made public very soon....

Science

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...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

Apple Wins ITC Ruling, Keeping Blood-Oxygen Feature on Apple Watch

A U.S. trade tribunal sided with Apple on Friday, rejecting Masimo Corporations push to reinstate an import ban on Apple Watch. The U.S. International Trade Commission chose not to review an earlier judges ruling that...

OpenAI's $20 Billion Cerebras Deal Signals Massive AI Infrastructure Push

OpenAI is reportedly set to spend over $20 billion with AI chip startup Cerebras over the next three years, marking a significant expansion of an already substantial computing partnership. According to The Information, the...

Tesla's Terafab: AI Chip Factory Eyes Taiwan's Semiconductor Talent

Tesla is actively recruiting semiconductor engineers in Taiwan for its ambitious Terafab project a fully vertically integrated AI chip manufacturing facility that aims to consolidate logic, memory, packaging, testing, and...

Japan to Subsidize Sony's Image Sensor Plant in Kumamoto with $380 Million

The Japanese government has announced plans to provide Sony with subsidies of up to 60 billion yen, equivalent to approximately $380 million, to support the construction of an image sensor manufacturing facility in...

NiSource Signs Long-Term Energy Deals with Alphabet and Amazon to Power Indiana Data Centers

NiSource, a U.S. utility company, has secured a long-term energy supply agreement with an Alphabet subsidiary to power a major data center in northern Indiana. The announcement also included an expanded partnership with...