Alibaba leads blockchain patent race

blockchain patents

Data shows that China’s e-commerce giant leads the way in awarded blockchain patents, with Chinese and US firms aggressively filing to stake out protection for their IP. A new report from the China Patent Protection Association shows that Chinese multinational Alibaba leads the world in patents awarded for blockchain-related technology. According to the 2020 Blockchain Global Patent Au­tho­ri­sa­tion Re­port, there are 3924 awarded patents for blockchain tech to date. US firms account for the lion’s share of awarded patents, at 39%, Korea has 21%, while China comes in at 19%. Alibaba leads…

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Chinese Mining Company Ebang to Reportedly List on Nasdaq This Week

EBANG

Chinese Bitcoin (BTC) miner manufacturer Ebang will reportedly be listed on Nasdaq Global Market under the ticker EBON later this week, becoming the second crypto mining company to go public in the United States. According to a report from Chinese crypto news outlet Blockbeats, Ebang will be officially listed on Friday, June 26. Additionally, Blockstream chief strategy officer Samson Mow tweeted a screenshot of an invitation to a Ebang event held at a hotel in Hangzhou, where the company is headquartered, which also starts on Friday. Ebang aims to raise…

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Revolut: New super app and 12m customers

Revolut new super app

Digital banking service Revolut has today unveiled its new ‘financial super app’ that promises to “reimagine and redefine” its offering to customers. The redesign will enable users to manage their finances all in one place, with two main sections labelled Home and Wealth. From the Home tab, Revolut’s users will be able to access their open banking-linked accounts as well as other budgeting and analytics tools. Through the Wealth tab, users will be able to trade stocks, cryptocurrencies and commodities. Cryptocurrency trading has been particularly popular for Revolut’s customers, the…

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Bitcoin loses a quarter of its value in March

bitcoin free pic

The turmoil that rocked financial markets in March also wreaked havoc on the value of Bitcoin, delivering one of the cryptocurrency’s worst months on record. Investors rushed out of riskier assets amid the coronavirus pandemic that is casting a shadow on global growth prospects, with Bitcoin losing about 25 per cent in March to trade below $6,500 (Dh23,874). That puts the digital currency on track for its worst month since November 2018 and also marks seven out of nine months that its value has fallen. Since June, the cryptocurrency has…

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You can now buy Bitcoin with Apple Pay through Opera in the US

Apple Pay Opera

You can use Apple Pay to buy Ethereum or Bitcoin through the browser in the US and Scandinavia. Opera has just announced that users can now buy Bitcoin and Ethereum through its browser using Apple Pay. Announced, the news states: Oslo – Opera was the first browser to introduce Web 3 capabilities and a built-in crypto wallet across all of its mobile and desktop browsers. The Norwegian company is now letting its US users easily purchase cryptocurrencies using a debit card or Apple Pay. Easy crypto top ups are available…

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13,000 South Korean ATMs to enable Litecoin withdrawals

ATM

Litecoin (LTC), the cryptocurrency created by Charlie Lee to be the “silver to Bitcoin’s gold” back in 2011, may be about to see more real-world use as more than 13,000 ATMs in South Korea enable LTC withdrawals directly to Korean won (KRW). The Litecoin Foundation said it has teamed up with the South Korean peer-to-peer crypto trading provider MeconCash to integrate litecoin into its M.Pay platform. Following the completion of the project, the integration is expected to allow litecoin to be exchanged to Korean won and withdrawn at thousands of…

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BitFury partners with UN

UN forrest

Blockchain development firm Bitfury is set to partner with the United Nations Development Programme (UNDP) on a project to conserve and increase Kazakhstan’s forestland. As the Astana Times reported on Jan. 14, the project aims to help the country to reduce its greenhouse gas emissions by 15% over the coming decade to meet its commitments in the 2016 Paris Agreement. Offsetting Bifury’s carbon footprint Bitfury and the UNDP are poised to sign an agreement later this month with the Kazakh Ministry of Ecology, Geology and Natural Resources to create a…

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Dubai developer launches crypto payment option for home buyers

Ellington Properties has delivered Belgravia, Belgravia II and Somerset Mews – all in central Dubai.

Ellington Properties says it has chosen Bitcoin Suisse as its preferred crypto brokerage provider Dubai-based developer Ellington Properties has chosen Bitcoin Suisse (BTCS) as its preferred crypto brokerage provider, adding to the payment options for its base of international customers. Designed to enhance customer satisfaction, Ellington Properties said customers can now purchase homes in central locations in Dubai using bitcoin with the transaction process to be facilitated by Bitcoin Suisse. BTCS has helped shape the crypto and blockchain ecosystem in Switzerland, the developer said in a statement. Paula Wehbeh, head…

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Binance partners with TravelbyBit to launch crypto-backed Travel Rewards Card

TravelbyBit

Global travel meets mainstream crypto adoption in this latest venture from Binance and TravelbyBit, the company behind Brisbane Airport’s transformation into the world’s first cryptocurrency-ready airport. Travel booking platform, TravelbyBit, and leading global cryptocurrency exchange and blockchain ecosystem, Binance, have joined forces to create a cryptocurrency-backed travel rewards card to facilitate crypto payments on major travel websites. Starting today, users can pre-register for the TravelbyBit Travel Card at https://travelbybit.com/card-launch/. The new TravelbyBit travel rewards card will function as a traditional prepaid debit card with additional access to exclusive travel discounts…

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Over 1000 coins dead in 8 years

1000 coins dead in 8 years

A recent study has revealed how the crypto ecosystem is becoming free from a collection of coins affiliated with projects with little or no business proposition, market traction, and ready products, more commonly known as “shitcoins”. According to the study, more than 1000 cryptocurrencies are now dead! There Are Top Coins, Shitcoins And Dead Coins According to a recent report, an average of 1000 cryptocurrencies has become extinct within the crypto ecosystem in 8 years. The publication featured reports from at least 3 other coin rating websites which make use…

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A leading Japanese broker to join Libra Association

Monex Group

A leading online brokerage company in Japan, Monex Group, wants to become a part of Facebooks’ Libra project. The broker applied to become a node operator. Oki Matsumoto, the president of the Group, announced the decision during the company’s regular meeting devoted to the results of Q2. It is worth noting, that Matsumoto sounded very optimistic about Libra, despite that the recent Facebooks’s cryptocurrency initiative had faced stiff resistance from global regulators and governments. According to Matsumoto, Libra might unlock various possibilities, including “financial inclusion” and more efficient cross border…

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BitTorrent, Tron Launch Crypto-Powered ‘Speed’ Downloading Software

BitTorrent BTT crypto world

Peer-to-peer torrent client BitTorrent has launched its downloads optimization software, BitTorrent Speed, with native token functionality. The news was revealed in an official press release. As reported, Bittorrent launched a native Tron blockchain-based token, BitTorrent (BTT), at the start of this year, having revealed plans to evolve a tokenized content platform that would enable users to optimize their network speed and attain faster downloads. As per the press release, the Bittorrent Speed software will now be integrated into all new downloads of the company’s µTorrent Classic Windows client. The BitTorrent…

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Blockchain supply chain market to reach over $9B by 2025

blockchain supply chain

The global blockchain supply chain market is expected to reach over $9 billion by 2025, according to a study published by market research and consulting firm Allied Market Research (AMR) on July 8. AMR estimates that the global blockchain supply chain market will amount to $9.85 billion by 2025, showing an 80.2% surge of the compound annual growth rate (CAGR) from 2018 to 2025. Among the key driving factors, AMR named the sector’s demand for transparency, and improved security of supply chain transactions blockchain could purportedly ensure. By industry vertical,…

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Bitfinex to Use 27% of Tokinex Revenue to Burn LEO Tokens

LEO token burn

Bitfinex cryptocurrency exchange announced that it will spend 27% of past and future Tokinex revenue on burning LEO tokens, according to an official blog post on July 8. Bitfinex unveiled LEO in May as the native utility token for its initial exchange offering (IEO) platform Tokinex. Parent company iFinex committed to burning LEO tokens, until commercial circulation runs dry, in the LEO token whitepaper: “On a monthly basis, iFinex and its affiliates will buy back LEO from the market equal to a minimum of 27% of the consolidated gross revenues…

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China’s Central Bank Developing Own Digital Currency in Response to Libra

cryptocurrency

China’s central bank is reportedly developing its own digital currency in response to Facebook’s Libra as the latter could purportedly pose a risk to the country’s financial system, the South China Morning Post reported on July 8. Wang Xin, director of the People’s Bank of China (PBoC) research bureau, argued that “if [Libra] is widely used for payments, cross-border payments in particular, would it be able to function like money and accordingly have a large influence on monetary policy, financial stability and the international monetary system?” Wang said that the…

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