PayPal, an electronic payment firm, has submitted an application on March 1, 2018, for the patent of Expedited Virtual Currency Transaction System. If everything goes well as planned, the new system allows buying and selling of cryptocurrencies anonymously and in a secured manner. The patent allows trading of the crypto instantaneously. The new proposed payment […]
Blockchain
Sanctifying Online Gambling
Sp8de bridging the gap between online and Blockchain gambling. Gambling’s popularity has always been high and because of that it is a sector that is always looking to expand and move with the times. Two years ago, online gambling was estimated to be a whopping $44 billion as a result of increased technological penetration thereby […]
Several Universities In China Are In Pursuit Of Blockchain Patents
A number of the top-tier public universities have revealed their plans to move ahead and ramp up efforts to patent blockchain applications developed on campus. According to data published on Feb. 16 it was clear that institutions such as Chinese Academy of Sciences, Shenzhen University and Zhejiang University sought to get patents associated with the […]
Capital One Rethinks About Digitizing Whole Organization
Capital One announced recently that it’s reconstructing the entire organization on a culture of agile and collaborative product development. The company has undergone through a various innovative transformation that has made the Bank identical with the digital innovation including the Artificial Intelligence, Innovation Labs, Blockchain and much more. According to Gill Haus, Senior Vice President, […]
Finland Government Releases New Guidelines On Handling Of Cryptocurrencies Prohibiting Authorities From Placing Funds On Exchanges
Finland government recently released a new set of guidelines on how law enforcement officials should handle the confiscated cryptocurrencies. According to these new guidelines, the official agencies that control the cryptocurrency storage will not be able to place the funds on exchanges and will have to instead keep them inaccessible from the internet, offline. Thus, […]
The Wyoming House of Representatives Takes Out Utility Tokens from the Purview of Security Regulations
The Wyoming House of representatives has given the nod to exempt Utility Tokens from purview of security regulations. The House Bill 70 is now pending for the approval of the Senate. If the bill is approved by the state governor, it will come into effect from July 1, 2018. The utility token sellers and developers […]
The Fan ICO Controversy Ensnares The Chinese Boy Band
It was sometime back when the self-proclaimed fans of the widely renowned Chinese boy band went ahead to build an initial coin offering (ICO).It was focused around their idols but the issue that has become the subject of talk among quite a significant number of people is the controversy that just popped up in line […]
CME Reveals That It Is Considering Modifying Blockchain’s Rules
New patent filings indicate that the CME Group may be undertaking the exploration of the various ways in which different developers could proceed and modify the blockchain’s rules without having to bother about the consensus from the various network’s nodes. A person familiar with the matter opined, “It’s a key need for such systems and […]
Startup Manages To Raise $20 Million For Building ‘Youtube’ On The Blockchain
Lion, a Silicon Valley startup has plans underway to engage YouTube with a decentralized, collectively-owned video content distribution system which it asserts will kick out the need of a middleman .And the one that stands to gain at the end of the day will be the content creators. It will be about ensuring that each […]
Hyperledger Blockchain Consortium Releases Version 1.0 Of Sawtooth Software
The market has a new technology Hyperledger Sawtooth 1.0, from the Linux Foundation. The open-source blockchain is said to be officially ready for enterprise use and that it is the latest open source digital ledger project. It is the second to go live after Fabric 1.0 in July 2017 and will be used particularly for […]
