Elon Musk scored another major victory in his quest to usher in the Age of Artificial Intelligence today when Microsoft announced it would plunk $ 1 billion into his visionary OpenAI project. As Tesla preps to launch robotaxis and Neuralink prepares to start human testing, it’s shaping up to be a massive 2020 for artificial intelligence research. […]
Hossein Ensan survived a field of 8,569 expert gamblers to sweep poker’s most prestigious event, the World Series of Poker. The Iranian-born German earned the highly-coveted WSOP bracelet and a cool $ 10 million. But don’t for a second think he’ll be keeping all of it. Uncle Sam will want his share. Or is that Uncle […]
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By CCN Markets: House Financial Services Committee Chairperson Maxine Waters (D-Calif.) requested that Facebook hold off on developing its crypto, which is named Libra. Facebook Request Cuts Both Ways There are two ways to examine Rep. Waters’ request. First, it’s a good thing for cryptocurrency whether Facebook honors her request or not. Second, Rep. Waters is assisting the public by stalling investment in another dangerous cryptocurrency. Maxine Waters said: “With the announcement that it plans to create a cryptocurrency, Facebook is continuing its unchecked expansion and extending its reach into the lives of its users. The cryptocurrency market currently lacks
Israel’s Supreme Court has ruled in favor of crypto exchange Bits of Gold in its legal battle with Bank Leumi, the country’s second-largest bank. The ruling means Bank Leumi has to open banking services to the exchange, although the bank has objected to the decision in principle, per a report on Finance Magnates.
The news outlet quotes Bits of Gold CEO Yuval Roash who commented on the ruling and what it meant for the crypto community in Israel.
“We worked hard to set up a company which met regulatory requirements, in a new industry, and those efforts paid off. I am proud to be a part of this flourishing industry and push it towards the right regulation,” he said.
Global payment processing platform PayPal has been awarded a patent for a technique that can help with the timely detection and reduction of ransomware attacks. Ransomware attacks are a form of malware that takes over the victim's computer, locks up the files therein and demands a ransom before the files can be accessed again — often to be paid in cryptocurrency.
The post Team AiL wins top prize, ConsenSys’ team gets 2nd place at Irish govt.’s blockchain hackathon appeared first on CoinReport.
China’s Nova Esports defeated Latin America’s Vivo Keyd 3-1 to win the first-ever Clash Royale League World Finals, concluding the $ 1 million inaugural season for Supercell’s mobile sensation. 🏆 We are your FIRST-EVER CRL CHAMPIONS! 🏆#NovaStrong🌟 pic.twitter.com/I1ZO6XT7W1 — Nova Esports (@NovaEsportsTeam) December 1, 2018 The CRL championship featured top teams, including Nova Esports, KINGZONE DragonX, PONOS Sports, Vivo […]
Whether “under attack” or otherwise, Bitcoin Cash SV (BSV), which at present has more than 4,000 unconfirmed transactions, has been experiencing a great deal of turbulence since last week’s hard fork. More importantly: around block 557301, multiple sources identified a block reorganization within the BSV blockchain. Our Bitcoin SV node experienced a 2 block re-org
The post Bitcoin Cash: Craig Wright’s BSV Suffers Multi-Block Reorg, Wins ‘Drama per Second’ Battle appeared first on CCN
Former congressman and presidential candidate Ron Paul enjoys a wide fanbase on social media and among latter generations who have an interest in pro-liberty changes to governmental policy. He is famed for his positions on issues ranging from abortion and marijuana to business regulation, and he famously authored a book which aligns with the philosophy
The post 51% Attack? Bitcoin Wins Ron Paul Investor Poll [Again] appeared first on CCN
Recent times have seen banks hedging their bets or even fully integrating cryptocurrencies. The acquisition and filing of patents is how large organizations truly express their interest in a given field, and Bank of America continues to lead the way, now having secured its latest patent in the blockchain and crypto space, one for “tamper-responsive”
The post Second-Largest US Bank Wins Patent for Crypto Storage System appeared first on CCN
Bitcoin Max, a Brazilian cryptocurrency exchange, has recently seen two banks in the country, Santander and Banco do Brasil, reopen its accounts following preliminary decisions made by Brazil’s Federal District Court. They reportedly reopened the exchange’s accounts to avoid paying fines. Banks Reopen Crypto Exchange Accounts According to local news outlet Portal do Bitcoin, failing
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Nasdaq has won a patent outlining how using a blockchain for information distribution could improve upon existing services.
Power Ledger, a blockchain startup based in Australia, won business magnate Sir Richard Branson’s Extreme Tech Challenge (XTC) 2018, as reported by Australian news channel Nine News. The challenge, whose previous finalists include Doctor on Demand and Vantage Robotics, aims to provide entrepreneurs with the right tools to help them build their tech products. Power Ledger received endorsements
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Eric Larchevêque, CEO and co-founder of cryptocurrency hardware wallet-maker Ledger, has won a French award for the startup leader whose model has the greatest potential internationally.
The prestigious regional prize in Ernst & Young’s (EY) 26th Entrepreneur of the Year 2018 awards, located in France, is “Startup of the Year.” Ledger’s Eric Larchevêque can lay claim to this award, as well as the “Born Global Award” for the international potential of his startup Ledger.
International Success for Ledger
Ledger’s potential has already turned into an international success. A few days ago, the reputable cryptocurrency hardware wallet manufacturer announced that it had achieved sales of 1.3 million units.
Blockchain startup Adhara, which aims to bring zero knowledge proofs to central bank systems, has secured $ 15 million in new funding from Consensys.
Abra, a mobile cryptocurrency investing app, has added native bitcoin cash (BCH) support, allowing users to deposit and withdraw BCH directly, Abra announced on its website. Anyone who held BCH in Abra previously can now withdraw it to a hardware wallet or use it to make a payment on a merchant site. The app also
The post Abra Adds Native Bitcoin Cash Support, Wins Roger Ver’s Praise appeared first on CCN
Central Banking, a global central banking forum, has bestowed its FinTech & RegTech Award for Best Distributed Ledger Initiative to South Africa’s central bank for its successful Project Khokha, which successfully used an Ethereum blockchain platform to process interbank payments and settlements. The test demonstrated that distributed ledger technology (DLT) can enable digital as opposed
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Small-cap altcoin GoChain (GO), a blockchain platform that boasts 1,300 transactions per second, will be listed on Binance this month after winning the exchange’s 9th Community Coin of the Month competition. #Binance Community Coin Round 9 Winner – #GoChain ( $ GO )https://t.co/MxY9uscfRs pic.twitter.com/JA27HJcmgu — Binance (@binance) September 4, 2018 According to the announcement, GoChain beat out 4 other […]
The largest US-based cryptocurrency exchange has made another move towards providing a secure environment for digital currency trading.
Identifying the Present Issues
The system itself paves the way for users to pay directly with bitcoin through their wallet, without having to worry about the security of their private key. The patent also identifies the issues which are currently preventing this from happening.
The U.S. Patent and Trademark Office officially granted MasterCard a patent for a method of increasing the speed of cryptocurrency transactions.
The Need for Speed
Published July 17, the patent explains the serious need for increasing the speed of cryptocurrency transactions based on the growing demand for the same. The document reads:
In recent times, blockchain currencies have seen increased usage over traditional fiat currencies by consumers who value anonymity and security.
The patent also outlines a key issue associated with blockchain-based cryptocurrency transactions — namely, speed.