Month: November 2019

IBM Files A Blockchain Patent For Fighting Package Theft By Drone

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IBM has filed for a patent of a system that uses blockchain technology to prevent drone-enabled package theft. According to a filing published by the United States Patent and Trademark Office (USPTO) on Nov. 12, IBM will track drone altitude using an Internet of Things (IoT) altimeter, while continuously uploading that data to a blockchain secure platform. Drones might be a thief’s perfect tool It might become ordinary for drones to be used for stealing packages in the future. The idea is that packages will be outfitted with an altitude…

Bitcoin Cash Double Spend Statistics Invoke 0-Confirmation Debate

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On November 28, the creator of doublespend.cash, a web portal that tracks and collects double spend attempts on the Bitcoin Cash network, explained that only 1 out of 1,105 double spends succeeds when they broadcast one second after the first transaction. The website’s creator highlighted that in most cases “only when submitted simultaneously, can a double spend succeed.” Also read: German Banks Authorized to Store and Sell Cryptocurrency in 2020 BCH Proponents Discuss Double Spends, Honoring the ‘First Seen,’ and Current Zero-Confirmation Security Bitcoin Cash (BCH) participants have always been…

EU Fights Corporatization of AI and Blockchain With Massive Investment

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The European Union’s announcement of a new 110 million euro fund to support research on artificial intelligence and blockchain comes at a critical time for the AI industry, when issues at the intersection of privacy, security and AI are the focus of acute attention by government, the tech industry and the general public. Blockchain technology has the promise to radically transform the way society handles data as well as how AIs are trained and taught with this data. It has the potential to create a world in which control over…

Poloniex Bitcoin Exchange Continues Expansion Push with DEX Acquisition

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Poloniex, a top cryptocurrency exchange established in 2014, has acquired TRXMarket, a decentralized exchange (DEX) powered by the TRON (TRX) distributed ledger technology (DLT) network. With the deal, TRXMarket will now come under the umbrella of Poloniex as PoloniDEX, reports BITTIMES on November 28, 2019. Poloniex Forges Ahead As part of plans to expand its platform and give its global crypto traders more choices, Poloniex has acquired the TRXMarket decentralized exchange. Per sources close to the matter, TRXMarket, the largest decentralized exchange on the TRON blockchain network has now become…

Price Analysis 29/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

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Bitcoin price has rallied 20% since dropping to $6,560, leading traders to closely watch altcoins for similar price action. The futures market provides good insight into the sentiment of larger players. If the futures volume continues to rise in a falling market, this indicates that a decline is likely to extend further. However, if the volume increases with a rise in price, this shows that the market participants are accumulating positions.  On Nov. 27, Bitcoin closed in the green and Bitcoin futures on Bakkt hit a new all-time high volume…

Disgruntled Investor Sues Stox Prediction Market and Founder

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Israeli crypto entrepreneur Moshe Hogeg and his blockchain firm Stox (STX) are facing a lawsuit from a disgruntled investor in the United States. A Vancouver-based investor has accused Hogeg of major breaches of contract and alleged fraud that caused him losses of at least $430,000, according to a lawsuit filed Nov. 25. The complaint is filed with the United States District Court for the Western District of Washington. In the 43-page lawsuit, the plaintiff Sean Snyder claims that the company failed to perform its obligations under its whitepaper by issuing…

US and China Battle for Blockchain Dominance

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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

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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…