US and China Battle for Blockchain Dominance

When Chinese President Xi Jinping announced strong support for blockchain technology last month, pundits suggested that China would soon overtake the United States in dominating blockchain innovations. Our patent research at the Blockchain Center of Excellence at the University of Arkansas finds that China is already winning the Intellectual Property arms race against the U.S.  We examined blockchain-related patents that were granted from January 2014 to October 2019 by China’s patent office, the National Intellectual Property Administration, or CNIPA, and the U.S. Patent and Trademark Office, or USPTO. During this…

Largest Indian State to Pilot Blockchain-Based Solar Energy Trading

The Indian state of Uttar Pradesh (UP) will pilot a peer-to-peer (P2P) solar power trading project in partnership with Australian blockchain energy company Power Ledger. The state power utility UP Power Corporation Limited and UP New and Renewable Energy Development Agency have partnered with Power Ledger to launch a trial of P2P solar energy trading to examine its practicability, according to a Nov. 28 press release. The first phase of the project is set to be completed by March 2020. During the trial, Power Ledger will integrate its blockchain-based platform…

Coinbase Denies Report of $150M Acquisition of Tagomi Brokerage Firm

Coinbase, a major American cryptocurrency exchange and wallet service, has not acquired digital currency brokerage firm Tagomi. On Nov. 29, sources told CoinDesk that Coinbase acquired Tagomi for $150 million that morning, following purported negotiations between the firms last month. According to The Block, Tagomi’s lending and borrowing services made it a tempting target for an acquisition. Responding to Cointelegraph’s request for comment on the purported acquisition, Coinbase VP of communications Rachael Horwitz simply said, “100% false.” Tagomi had reportedly been targeting more retail trading clients, high-net-worth individuals and active…

Block.One Joins EOS Elections as One Entity Allegedly Has 37% Control

The centralization of EOS has again emerged as a contentious issue within the cryptocurrency community, with the firm that created the EOSIO software, Block.One, participating in electoral procedures to choose the Block Producers for the EOS blockchain. On Nov. 28, EOS Block Producer EOS New York tweeted screenshots of Whois search results that suggest that six of EOS’s 21 Block Producers are managed by just a single entity, intensifying criticism of the network’s centralization. EOS’s blockchain is secured using a delegated proof-of-stake model, with 21 Block Producers elected to operate…

Europe: Banks May Hold and Sell Bitcoin Starting From 2020

According to a new bill on the Fourth Money Laundering Directive drafted by the European Union (EU), banks could be authorized to offer digital assets services including storage for customers. Germany would likely be the first nation to adopt the proposal. According to a German news report published on November 27, 2019, the amendment would come into force as early as 2020. Germany on Its Way to Crypto Heaven Starting in 2020, Germany could take a radical change of direction as regards the offer of digital assets services by classic…

5 Crypto Exchanges Halt or Shut Services Amid Perceived Crackdown

At least five Chinese cryptocurrency exchanges have halted or chosen to terminate operations this month in response to a perceived redoubling of Beijing’s anti-crypto stance. Exchange operator Bitsoda informed the public on Nov. 23 of its decision to terminate services; Akdex followed suit, announcing its decision to shut down on Nov. 24.  Also on Nov. 24, Idax cited Chinese government policy as the basis for its decision to prevent domestic clients from using its service. Likewise, with explicit reference to government policy, Btuex revealed on Nov. 25 that it would…

Forget the Noise; Traders Explain Why You Should Be Long-Term Bullish on Bitcoin

Forget the Noise; Traders Explain Why You Should Be Long-Term Bullish on Bitcoin X Dear reader, some third-party applications like Twitter, Youtube and Google Analytics are utilizing cookies. By rejecting this cookie consent, you might not be able to read the full article due to embeds.Privacy Policy Accept Privacy & Cookies Policy Source link