Xerox Patent Applications Reveal Plan for Blockchain Records System

Xerox Patent Applications Reveal Plan for Blockchain Records System

Technology giant Xerox wants to patent a way to securely revise electronic documents using blockchain, public records show. The company – perhaps best known for its eponymous copying machines – filed a pair of applications in February 2016, according to new records released by the US Patent and Trademark Office. The concept laid out in the applications envisions a […]

$7 Million: Bitcoin Wallet Startup Breadwallet Raises New Funding

$7 Million: Bitcoin Wallet Startup Breadwallet Raises New Funding

Bitcoin wallet provider Breadwallet has announced $7 million in new funding. The startup – which debuted in 2014 – raised funds from a group of investors that includes DAS Capital, East Ventures, Globe Advisors, Liberty City Ventures, Maffin Inc, OKWAVE and Saison Ventures. An unnamed group of angel investors and family offices also took part in the round, according to […]

Coinbase Awarded Patent for Bitcoin Security Concept

Coinbase Awarded Patent for Bitcoin Security Concept

Cryptocurrency exchange startup Coinbase has been awarded a new patent related to private key security, public records show. The U.S. Patent and Trademark Office (USPTO) published the patent yesterday, entitled “Key ceremony of a security system forming part of a host computer for cryptographic transactions.” Two former Coinbase engineers – James Hudon, who now works […]

Australia Takes Aim at Cryptocurrencies With New Money Laundering Bill

Australia Takes Aim at Cryptocurrencies With New Money Laundering Bill

Australia is moving to introduce a new bill that would extend the country’s anti-money laundering (AML) rules to cover domestic cryptocurrency exchanges. In a statement this morning, the Ministry of Justice announced that the legislation would seek to bring exchanges within the jurisdiction of the Transaction Reports and Analysis Centre (AUSTRAC), the country’s chief financial intelligence office. The effort dates back to mid-2016, […]

Ripple Confirms China Expansion Plans, Shoots Down Alibaba Rumor

Ripple Confirms China Expansion Plans, Shoots Down Alibaba Rumor

Ripple is opening up about its plans to enter one of the world’s largest markets. In new statements to CoinDesk, the San Francisco blockchain startup aimed to address rumors that first appeared last Thursday on XRP Chat, a forum dedicated to gossip and commentary on both the company and its technology. In short – yes, the blockchain […]

Bitcoin’s Price Is Down More Than $500 After Hitting a New High

Bitcoin’s Price Is Down More Than $500 After Hitting a New High

Bitcoin prices have fallen below $4,000 hours after hitting a new all-time high. According to the CoinDesk Bitcoin Price Index (BPI), bitcoin markets hit a low of $3,892.72 – more than $500 below the high of $4,483.55 reached earlier this morning. At press time, the price of bitcoin is trading at around $3929, more than 10 percent below the day’s open. The drop below $4,000 came […]

$45 Million: Ukrainian Lawmakers Reveal Big Bitcoin Holdings

$45 Million: Ukrainian Lawmakers Reveal Big Bitcoin Holdings

Recent disclosures by members of Ukraine’s national legislature revealed that three lawmakers have a combined wealth in bitcoin of more than $45 million. According to a report from RIA Novosti, Russia’s international news service, the three lawmakers are all members of the “Petro Poroshenko Block,” which constitutes the largest grouping of legislators within the Parliament. Of the three named by […]

Bitcoin Sets New Record High of $4,483 in Overnight Trading

Bitcoin Sets New Record High of $4,483 in Overnight Trading

The price of bitcoin continued its recent bullish surge last night, reaching a new all-time high of over $4,480. The news follows days in which the climbing value of the digital asset has seen it repeatedly break new ground. Since May, bitcoin had been fluctuating in the mid to high $2,000s, then August 4 saw enthusiastic trading that catapulted prices […]

New Bitcoin ETF Effort Launched by Money Management Firm

New Bitcoin ETF Effort Launched by Money Management Firm

A US-based money manager wants to launch an exchange-traded fund (ETF) tied to the price of bitcoin. VanEck, which is headquartered in New York, is seeking to create the “VanEck Vectors Bitcoin Strategy ETF”. The goal, SEC filings reveal, is to have the ETF listed on the Nasdaq exchange. According to a preliminary prospectus published on August […]

Bitcoin Price Could Exceed $100,000 by 2021: Harvard Academic

Bitcoin Price Could Exceed $100,000 by 2021: Harvard Academic

Bitcoin could pass $100,000 by February 2021; a Harvard academic has said announcing Bitcoin is the first digital currency to follow Moore’s Law. In emailed comments to Business Insider, investor Dennis Porto said that after analyzing Bitcoin’s performance, it was the “first” currency to follow the digital technology rule. “Moore’s law specifically applied to the number […]