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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

TikTok is partnering with a blockchain start-up. Here's why this could be good news for artists

Aug 22, 2021 01:33 am UTC| Technology

On August 17, TikTok announced it will partner with Audius, a streaming music platform, to manage its expansive internal audio library. Audius was not the obvious choice for partnering with the short video giant. A...

Blockchain Revolution Series

NFTs hit the big league, but not everyone will win from this new sports craze

May 06, 2021 02:33 am UTC| Technology Digital Currency

Some buy sporting memorabilia for love. Others for money. The world record for most money paid for a sports-related item goes to the original Olympic manifesto written in 1892 by International Olympic Committee founder...

Blockchain Revolution Series

Blockchain could play an important role in future agriculture and food security

Apr 11, 2021 12:30 pm UTC| Technology Digital Currency

Global food supply chains proved brittle during the COVID-19 pandemic, leading for calls to boost the resilience of global food supply chains through improved efficiency in production, distribution and consumption of...

Blockchain Revolution Series

Digital Currency Revolution

How nonfungible tokens work and where they get their value – a cryptocurrency expert explains NFTs

Apr 04, 2021 10:23 am UTC| Technology Digital Currency

Takeaways · Nonfungible tokens prove ownership of a digital item image, sound file or text in the same way that people own crypto coins. · Unlike crypto coins, which are identical and worth the same,...

Blockchain Revolution Series

NFTs: why digital art has such a massive carbon footprint

Apr 04, 2021 10:00 am UTC| Technology

How much would you be willing to pay for a one-of-a-kind work of art? For some collectors, the limit lies somewhere in the region of hundreds of millions of dollars. What about a work of art that has no tangible form, and...

Blockchain Revolution Series

What are NFTs and why are people paying millions for them?

Mar 18, 2021 14:30 pm UTC| Technology Digital Currency

Last week, Christies sold a digital collage of images called Everydays: The First 5000 Days for US$69.3 million dollars. This week, Elon Musk said hes selling a tweet of his as an NFT, which contains a song about...

Blockchain Revolution Series

A token sale: Christie's to auction its first blockchain-backed digital-only artwork

Feb 26, 2021 14:45 pm UTC| Digital Currency Technology

Since May 2007, US-based digital artist Mike Winkelmann (who goes by the name Beeple) has posted a new artwork online every day. He posted the 5,000th one in January, and has now packaged them into an enormous digital...

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Economy

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

What if the Reserve Bank itself has been feeding inflation? An economist explains

Heres something for the board of the Reserve Bank of Australia to ponder as it meets next month to set interest rates. It has pushed up rates on 13 occasions since it began its attempt to restrain inflation in May...

China’s new world order: looking for clues from Xi’s recent meetings with foreign leaders

There is broad consensus that Chinese foreign policy has become more assertive and more centralised in the decade since Xi Jinping has ascended to the top of Chinas leadership. This has also meant that Chinese foreign...

How India’s economy has fared under ten years of Narendra Modi

More than 960 million Indians will head to the polls in the worlds biggest election between April 19 and early June. The ruling Bharatiya Janata Party (BJP), which is led by Prime Minister Narendra Modi, is seeking a third...

EU enlargement: What does the future hold?

To widen or to deepen. This has been one of the longstanding dilemmas throughout European Union (EU) history, and a perennial sticking point in the unending process of European integration. In its time, the UK...

Politics

Labour can afford to be far more ambitious with its economic policies – voters are on board

To say that the Labour party is flying high in the polls is something of an understatement. But despite its consistent lead against the Tories, the opposition finds itself in a rather odd position: on the cusp of power but...

Joe Biden Proposes Record 44.6% Capital Gains Tax in Latest Budget Plan That May Favor Cryptocurrencies

President Joe Biden has proposed raising the capital gains tax to an unprecedented 44.6% in a bold fiscal move, targeting the wealthiest Americans. This hike is part of his 2025 budget proposal to reduce income...

Georgia is sliding towards autocracy after government moves to force through bill on ‘foreign agents’

Georgias ruling party attempted to pass a controversial bill on foreign agents in March 2023. The law would have required civil society groups and the media to register as being under foreign influence if they receive...

Opening statements are the most important part of a trial – as lawyers in Trump’s hush money case know well

Though Hollywood movies about courtroom dramas often glamorize the closing arguments given by lawyers, in reality the opening statement is likely the most important single event of a trial. Such was the case in the hush...

South Korean President Yoon faces foreign policy challenges after the National Assembly election

South Koreas parliamentary election of April 10, 2024, was widely seen as a referendum on President Yoon Suk Yeols first two years in office. That being the case, the nation collectively expressed its strong...

Science

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

If life exists on Jupiter’s moon Europa, scientists might soon be able to detect it

Europa is one of the largest of more than 90 moons in orbit around the planet Jupiter. It is also one of the best places to look for alien life. Often termed an ocean world by scientists, observations to date strongly...

Exploding stars are rare but emit torrents of radiation − if one happened close enough to Earth, it could threaten life on the planet

Stars like the Sun are remarkably constant. They vary in brightness by only 0.1% over years and decades, thanks to the fusion of hydrogen into helium that powers them. This process will keep the Sun shining steadily for...

Technology

Elon Musk vs Australia: global content take-down orders can harm the internet if adopted widely

Do Australian courts have the right to decide what foreign citizens, located overseas, view online on a foreign-owned platform? Anyone inclined to answer yes to this question should perhaps also ask themselves whether...

BlackRock Bitcoin ETF Sees Zero Inflows; SEC Delays Ether ETF Decision

BlackRocks Bitcoin ETF registered zero daily inflows for the first time since its inception. At the same time, the SEC delayed its decision on a major Ether ETF, highlighting uncertainty in the cryptocurrency...

Samourai Wallet Founders Arrested, Crypto Markets Tumble Amid Regulatory Heat

The cryptocurrency market dipped significantly after the U.S. Department of Justice arrested Samourai Wallets CEO and CTO, exacerbating volatility amid geopolitical tensions and the recent Bitcoin halving. Bitcoin and...

Post-Halving Surge: Standard Chartered Predicts Bitcoin to Hit $150K on Reduced Market Leverage

Geoff Kendrick, Standard Chartered Banks analyst and head of digital assets research, believes bitcoin (BTC) would likely trend upward following the halving due to lower leveraged market positions. In an interview with...

Tesla Cybertruck Hits 1,000-Unit Weekly Production Amid Q1 Financial Shortfalls

Tesla announced a milestone in Cybertruck production, achieving 1,000 units per week concurrently with reporting lower-than-expected financial results for Q1 2024. Despite missing revenue and earnings estimates, Teslas...