IBM Applies for Blockchain Patent to Ensure Transaction Compliance via Nodes Data

Tech giant IBM has applied for a blockchain patent for the development of transaction data identifiers based on nodes, according to a patent document published by the U.S. Patent and Trademarks Office (USPTO) Aug. 16. The system described in the patent, entitled “Node Characterization in Blockchain,” intends to introduce a method of data extraction from …

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, ETC: Price Analysis, August 17

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The cryptocurrency market capitalization has risen above the …

Ripple Partners With Three Crypto Exchanges as Part of XRapid Solution

Ripple has added three cryptocurrency exchanges to its cross-border payments settlement product, according to a press release published August 16. Ripple has partnered with U.S.-based Bittrex, Mexican Bitso, and Philippine Coins.Ph cryptocurrency trading platforms within its initiative to build a “healthy” ecosystem of digital asset exchange. The new partners will enable Ripple’s xRapid payments solution …

Genesis Mining Compels Certain Customers to Upgrade BTC Mining Contracts

Iceland-based hashpower hosting service Genesis Mining is compelling some of its customers to upgrade their Bitcoin (BTC) mining contracts following this year’s significant cryptocurrency price decline, according to an August 17 statement. In 60 days, the company will terminate services for open-ended contracts that mine less than the daily maintenance fee. Genesis claims that the …

‘Soft’ Crypto ETF Alternative Now Geared Towards U.S. Investors, Says Bloomberg

A Bitcoin (BTC)-based exchange traded note (ETN) listed on the Nasdaq Stockholm exchange is now being targeted towards U.S. investors, Bloomberg reports Wednesday, August 15. As many in the U.S. clamor to see a Bitcoin exchange-traded fund (ETF) approved by regulators, this so-called “soft” alternative has been trading on the Swedish exchange since 2015, but …

Coinbase to Pursue Decentralized Form of Identification Following Acquisition

Cryptocurrency exchange and wallet service Coinbase has acquired San Francisco-based startup Distributed Systems Inc., which works on decentralized identity solutions, according to an August 15 announcement. In the blog post, B Byrne, project manager for Identity at Coinbase, said Distributed Systems will help the exchange work on new ways to validate and verify identity within its …

Japan’s Messaging Giant LINE Sets Up $10 Million Hong Kong Blockchain Venture Fund

Japanese social messaging app LINE announced the creation of a $10 million blockchain venture fund Wednesday, August 15, as part of its expansion into the cryptocurrency market. Launched via Hong Kong-based subsidiary unblock corp., the fund contains funds from fellow LINE sister outfit LVC Corporation. “Additionally, unblock ventures’ token fund is expected to expand in …

Venezuela to Use Petro as Unit of Account for Salaries, Goods and Services

Venezuelan President Nicolás Maduro has announced that the national oil-backed cryptocurrency, the Petro, will be used as a unit of account within the country, news outlet ABC International reported August 14. Nicolás Maduro reportedly announced in a television address, that the state oil company PDVSA will use the Petro as a unit of account. Additionally, …

Putin Adviser Says ‘CryptoRuble’ Will Circumvent Sanct… | News

At a recent government meeting, Sergei Glazyev, economic adviser to President Putin, said the ‘CryptoRuble’ could help alleviate the pressure of Western sanctions, The Financial Times reported Monday. However, there is still no unified official stance from the Russian government on the question of issuing a national digital currency. The Russian CryptoRuble is essentially a …

Peter Thiel’s VC Fund Invests Millions Into Bitcoin, M… | News

Peter Thiel’s San Francisco-based venture capital firm Founders Fund has invested millions of dollars into Bitcoin (BTC), the The Wall Street Journal (WSJ) reported today, citing sources “familiar with the matter”. The Fund reportedly invested $15-20 million into Bitcoin, which has grown into hundreds of millions in the past year. Since Jan. 1, 2017, BTC …