A patent grants its holder exclusive rights to an invention, such as a piece of technology, for a certain period of time. While designed as a means of protecting the intellectual property of inventors, the system is not without its critics who believe that patenting deters innovation and wastes resources. Consider crypto founding fathers like […]
As crypto becomes more popular the number of cyber criminals looking for some easy pickings will increase. Online scams are nothing new but the nature of cryptocurrencies means that those without the technical expertise will be additionally vulnerable. Banks and credit card issuers have acknowledged this which may be the reason behind their buying blockade. […]
Banks will never be fans of Bitcoin. The concept of it alone is the complete opposite of a bank’s business model which is to make profits from other people’s money. Britain’s biggest bank today took the step of banning its customers from buying Bitcoin using their credit cards. Lloyd’s Banking Group will tell its 9 […]
J.P. Morgan Chase, Bank of America, and Citigroup say no to purchases of crypto via credit card. #NEWS
Two of Wall Street’s biggest banks are reportedly taking steps to bar customers from using credit cards to purchase cryptocurrencies.
A lot of things are happening in the world of finance right now. Banks have to make some very tough and unpopular decisions. Bank of America is getting rid of free checking accounts. This decision doesn’t go over too well with lower-income customers. They are now required to keep more money in the bank to […]
One of the Bank of America’s wealth management divisions, Merrill Lynch, has forbidden clients to invest in Barry Silbert’s Bitcoin Investment Trust. The news comes via a memo from the financial advisory firm last December which was seen by Reuters. The note was sent to around 17,000 brokers at both Merrill Lynch and their subdivision […]
A run-down of some of the more notable crypto and blockchain patents seen in 2017.
During the first week of December, the second largest bank in the U.S., Bank of America (BOA), was awarded a cryptocurrency exchange patent. The BOA cryptocurrency trading platform’s concept summary outlines three types of accounts where users and businesses can swap digital assets instantly. Also Read: Two Days of Cboe’s Bitcoin Futures Show Intense Volume Fluctuations […]
The system will allow the conversion of one virtual currency into another automatically, with the exchange rate to be determined based on external data feeds.
In a patent awarded Tuesday, the second-largest bank in the U.S. describes a potential cryptocurrency exchange system for its corporate clients.
ING has developed a zero-knowledge proof that is supposed to ensure anonymity when transacting on a Blockchain.
Blockchain gains another major win in adoption, as KPMG joins the WSBA, becoming the first of the ‘big four’ auditing companies to participate in Blockchain growth.
What will be the next patent on Blockchain-based technology?
Under the system, a Blockchain can be integrated with communications and memory devices to facilitate the data processing process.