Day: February 5, 2020

IBM Leads Top Patent Assignees With Patents in AI and Blockchain

boss

Tech giant IBM cemented its patent leadership in the United States, with over 9,000 received patents, including in artificial intelligence (AI) and blockchain, in 2019. With the 9,626 patents secured, IBM became the company that received the most patents in the U.S.ever and the leader on the list for the 27th consecutive year, tech-focused media outlet Database Trends and Applications reported on Feb. 4. Of the 9,626 patents, IBM secured over 1,800 patents in AI, more than 2,500 patents in cloud technology and led in blockchain patents received. IBM’s patent…

How the Long Tail of the Coronavirus Might Slow Bitcoin’s Hash Power Growth

boss

The coronavirus outbreak in China may impose a longer-term impact on the bitcoin network’s mining activity at a time when an estimated 65 percent of its computing power is located there. While Chinese miner manufacturers see rising demand for new equipment ahead of bitcoin’s scheduled halving in May, they estimate the disease may limit growth in bitcoin mining power if the situation isn’t resolved in the near future because it is difficult to expand or build new machines, according to Kevin Shao, general manager of Canaan Creative’s blockchain arm. Shao…

How the Long Tail of the Coronavirus Might Slow Bitcoin’s Hash Power Growth

boss

The coronavirus outbreak in China may impose a longer-term impact on the bitcoin network’s mining activity at a time when an estimated 65 percent of its computing power is located there. While Chinese miner manufacturers see rising demand for new equipment ahead of bitcoin’s scheduled halving in May, they estimate the disease may limit growth in bitcoin mining power if the situation isn’t resolved in the near future because it is difficult to expand or build new machines, according to Kevin Shao, general manager of Canaan Creative’s blockchain arm. Shao…

Bitcoin Price Surpasses $9,700 to Hit New 2020 High

boss

Today Bitcoin (BTC) price pushed through the resistance at $9,400-$9,500, opening the gate for bulls to stampede to a new 2020 high at $9,745.  Bitcoin daily price chart. Source: Coin360 On Feb. 4, BTC price traded slightly below $9,200 as bulls fought to keep the asset from falling below the key support. Today, alongside increasing purchasing volume, Bitcoin completed the three white soldiers candlestick pattern, which is a bullish arrangement and a signal that short-term trend reversal is in order.   BTC USDT 6-hour chart. Source: TradingView Further continuation past $9,700…

US Judge Dismisses Bitcoin Cash ‘Hijack’ Lawsuit Against Bitmain, Kraken

boss

A U.S. court has dismissed a lawsuit accusing bitcoin cash proponents including Bitmain, Bitmain co-founder Jihan Wu, Kraken, Kraken founder Jesse Powell and Roger Ver of manipulating the cryptocurrency’s price during a 2018 hard fork that created bitcoin SV. Florida-based tech and blockchain development company United American Corp – “UnitedCorp” – accused nine defendants of colluding to “hijack” and manipulate bitcoin cash during the 2018 network fork in what could be the first U.S. antitrust case to involve cryptocurrency companies. In addition to Bitmain and Kraken, the suit was filed…

US Judge Dismisses Bitcoin Cash ‘Hijack’ Lawsuit Against Bitmain, Kraken

boss

A U.S. court has dismissed a lawsuit accusing bitcoin cash proponents including Bitmain, Bitmain co-founder Jihan Wu, Kraken, Kraken founder Jesse Powell and Roger Ver of manipulating the cryptocurrency’s price during a 2018 hard fork that created bitcoin SV. Florida-based tech and blockchain development company United American Corp – “UnitedCorp” – accused nine defendants of colluding to “hijack” and manipulate bitcoin cash during the 2018 network fork in what could be the first U.S. antitrust case to involve cryptocurrency companies. In addition to Bitmain and Kraken, the suit was filed…

Lightning Labs Secures $10M in Investments, ReleasesBeta of Its First Paid Product

boss

Lightning Labs, the developer of the high-speed transaction protocol Lightning Network (LN), has secured $10 million in Series A funding round. The news was announced by Lightning Labs CEO and co-founder, Elizabeth Stark, in a blog post on Feb. 5. The company plans to allocate the raised funds to further development of the Lightning payments technology and scaling of its developer ecosystem. Release of Lighting Labs’s first paid product In the same announcement, Lightning Labs also introduced the beta version of Lightning Loop, the company’s first paid product. Lightning Loop…

Crypto News Roundup for Feb. 5, 2020

boss

CryptoX is a multi-platform publisher of news and information. CryptoXtrade has earned a reputation as the leading provider of cryptocurrency news and cryptomarket analysis, bitcoin and other cryptocurrencies, blockchain technology, finance and investments. CryptoXtrade have become a known leader in the cryptocurrency information market. We work only with trusted information sources providing latest financial and technological innovations that improves the quality of life of CryptoX readers by focusing on Cryptocurrency and Blockchain. CryptoX Portal

Market Update: Bitcoin Cash Shines as Crypto Markets Show Bullish Signals

boss

Digital currency markets are in the green again today after seeing some moderate losses the day prior. The leading cryptocurrency in the top 10 is the fourth-largest blockchain by market cap, bitcoin cash, which is up 14% today. A variety of other digital asset markets are doing well as the overall market valuation of all the coins in existence has gained $20 billion in the last day. Also Read: Craig Wright’s ‘Bonded Courier’ Allegedly an Attorney Who Can’t Communicate Crypto Prices See a Sharp Rise Cryptocurrency proponents are pleased to…

ConsenSys Acquires US Broker-Dealer in Bid to Tokenize Trillion-Dollar ‘Muni’ Bond Market

boss

ConsenSys has purchased a U.S.-based broker-dealer in an attempt to overhaul the multi-trillion-dollar municipal bond market. The ethereum-focused VC and technology company said it had completed the purchase of the Philadelphia-based Heritage Financial Systems, Bloomberg reported Tuesday. The acquisition gives ConsenSys advisory and broker-dealer capabilities in the U.S., allowing it to offer newly tokenized municipal bonds through its ethereum-based operating system, Codefi. Local governments in the U.S. have issued municipal (“muni’) bonds to finance public projects since the beginning of the 19th century. Worth nearly $4 trillion in Q3 2018,…