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Bank of America Has Filed for Over 20 Blockchain Patents Already

Bank of America Has Filed for Over 20 Blockchain Patents Already

Bank of America is emerging as one of the most active banks when it comes to filing patents over claimed innovations in blockchain and cryptocurrency. Three new submissions, initially filed with the U.S. Public Patent and Trademark Office early last year, add to a total of 20 blockchain and cryptocurrency-related patent applications filed by the bank since […]

Nvidia CEO: Cryptocurrencies Are ‘Here to Stay’

Nvidia CEO: Cryptocurrencies Are ‘Here to Stay’

Nvidia is riding high on the boom in cryptocurrency mining, according to the graphics card (GPU) manufacturer. Revealed yesterday, the California-based company’s second-quarter earnings were up 56 percent year over year, with its GPU division taking in $1.9 billion during the second quarter – a rise of 59 percent compared to the same period in 2016. Nvidia CEO Jen-Hsun […]

The Bitcoin Price Just Inched Up to Set Another All-Time High

The Bitcoin Price Just Inched Up to Set Another All-Time High

The average price of bitcoin across global exchanges today reached $3,550 on the CoinDesk Bitcoin Price Index, setting yet another new all-time high. The uptick coincides with a palpable improvement in public sentiment about the world’s first cryptographic asset, with bitcoin recently receiving positive mentions from leading asset managers and gaining increasing exposure in western media. At press […]

$126 Billion: The Cryptocurrency Market Just Set a New All-Time High

$126 Billion: The Cryptocurrency Market Just Set a New All-Time High

The total value of all cryptocurrencies set a new all-time high today, rising above $126 billion for the first time in history, according to data from CoinMarketCap. The new benchmark was set at 8:00 UTC and comes just four days after the crypto asset class set a previous record above $116 billion. At press time, the price increase appears […]

Coco Revealed: Microsoft, JPMorgan & More Demo Blockchain-Boosting Tech

Coco Revealed: Microsoft, JPMorgan & More Demo Blockchain-Boosting Tech

Microsoft is today revealing a new blockchain framework designed to make it easier to build enterprise networks using any distributed ledger. Out of the box, the new Coco platform – built to supercharge transaction speeds and simplify governance decisions – will be integrated with a number of popular open-source blockchains and distributed ledgers, including ethereum, R3’s Corda, Hyperledger Sawtooth and JPMorgan’s Quorum. […]

$100 Million: Coinbase Raises Biggest-Ever Round for Bitcoin Startup

$100 Million: Coinbase Raises Biggest-Ever Round for Bitcoin Startup

Coinbase has raised $100 million in Series D funding in what is the largest single traditional funding round for a public blockchain or cryptocurrency startup, according to CoinDesk data. Announced today, the round was led by Institutional Venture Partners (IVP), a Silicon Valley venture firm that counts some of the biggest tech and digital startups, including […]

SegWit’s Lock-In: What Today’s Milestone Means for Bitcoin

SegWit’s Lock-In: What Today’s Milestone Means for Bitcoin

Barring unlikely interruptions, the scaling proposal called Segregated Witness (SegWit) is expected to lock in on the bitcoin network today. Should enough miners continue signaling support, SegWit is projected to meet the necessary threshold later this afternoon (around block 479,708). And while it’s theoretically possible miners could change their minds, it’s unlikely they will – in short, miners have […]

The ICO Boxing Champ Floyd Mayweather Promoted Has Raised $30 Million Already

The ICO Boxing Champ Floyd Mayweather Promoted Has Raised $30 Million Already

The token sale for a blockchain-based prediction market promoted earlier this month by boxing champion Floyd Mayweather, Jr., has raised $30 million. Stox, which launched its sale yesterday, has collected roughly 134,000 ETH as of press time, according to data from Etherscan. The ICO garnered mainstream attention after Mayweather took to Instagram to promote the ICO, stating that […]