China’s central bank, the People’s Bank of China, has announced in a recent video conference that it is prioritizing the development of a national digital currency. China’s central bank, the People’s Bank of China (PBoC) announced that it accelerated the development of its cryptocurrency. In an Aug. 2 statement, PBoC summarized the proceedings of a […]
Continue Reading
A new patent filing suggests that American retail giant Walmart may be developing its own U.S. dollar-backed digital currency similar to Facebook’s Libra cryptocurrency. A new patent filing suggests that United States retail giant Walmart may be developing its own U.S. dollar-backed digital currency similar to Facebook’s Libra cryptocurrency. Walmart filed patent for “Digital Currency […]
Continue Reading
The U.S. Patent and Trademark Office has awarded a patent to two inventors for a blockchain-based system for recording ballistic data during self-defense scenarios. Two American inventors have won a patent for a blockchain-based recording system for ballistic data. The United States Patent and Trademark Office awarded two inventors — Jason Palazzolo and Kevin Barnes […]
Continue Reading
While the nation’s second-largest bank is remarkably active in registering novel blockchain-powered solutions, critics fear that this might be not in the industry’s long-term interest. Earlier this week, Bank of America (BofA), one the United States’ largest financial institutions, made a massive splash in the crypto sphere as the details of its recently registered patent, entitled […]
Continue Reading
South Korea has the highest blockchain patent grant rate, followed by Japan, according to London-based law firm Withers & Rogers. South Korea has the highest blockchain patent grant rate, according to London-based law firm Withers & Rogers. Meanwhile, Japan comes at a distant second, Intellectual property business media platform IAM reports on July 23. Getting […]
Continue Reading
SWIFT says it conducted a successful trial of instant cross-border transfers in Asia. The Society for Worldwide Interbank Financial Telecommunications (SWIFT) announced a successful trial of instant cross-border transfers in Asia in a press release published on July 18. Per the release, the trial performed instant payments between 17 banks located in Australia, China, Canada, […]
Continue Reading
Bank of America has filed a patent application for a settlement system citing the Ripple ledger. Bank of America has filed for a patent for a settlement system citing the Ripple ledger, according to a filing on Google Patents. The patent in question — the application of which was published on June 6 — describes […]
Continue Reading
South Korean authorities estimate that crypto-related crimes have caused 2.69 trillion won of financial damages between July 2017 and June 2019. The South Korean Justice Ministry estimates that cryptocurrency-related crimes have caused 2.69 trillion won (about $2.28 billion) of financial damage between July 2017 and June 2019. According to a July 21 report by English-language […]
Continue Reading
The international company E.ON has applied for a patent for a device that collects data and allows the customer to manage its sale. Energy network company E.ON has filed a patent application for a blockchain-based data collector with the European Patent Office. E.ON announced the patent filing on the company’s website on July 19. As […]
Continue Reading
IBM has tripled the number of blockchain-related patents it holds in the U.S. this year, dwarfing other US blockchain bulls. Tech giant IBM has tripled the number of blockchain patents secured in the United States since last year, currently boasting over 100 active patent families. That makes IBM’s growth in US patents the largest of […]
Continue Reading