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Bank of America does not seem to be slowing down with its plans to go big on Blockhain with 20 patents pending since 2016.
Why banks joined the cryptocurrencies race? To stay relevant, match up to competition, exercise control or defeat existing crypto?
Verizon Communications, the largest telecom company in the United States, is getting in on the Blockchain digital gold rush, filing a patent for a Blockchain system of managing passcodes .
In addition to the previous 15 blockchain patents filed, Bank of America is now trying to patent some of the uses of Bitcoin technology.
United State Patent and Trademark Office published eBay patent applications “Distributed Crypto Currency Reputation System” and “Distributed Crypto Currency Unauthorized Transfer Monitoring System”.
On October 15, 2015, The United States Patent and Trademark Office (USPTO) published 21 Inc.’s (21) patent application 20150294308 for “Digital Mining Circuitry.”
Coinbase CEO Brian Armstrong responded to the backlash against his company when it was revealed that it filed nine Bitcoin patent applications with the US Patent and Trademark Office (USPTO).
Recent filings with the United States Patent and Trademark Office (USPTO) revealed a dossier of applications from Coinbase as well as a cryptocurrency filing from Bank of America.
CoinTelegraph spoke to Peter Todd about the issue, along with the topics of centralized blockchains and Bitcoin core development funding.
A recent article published on CoinTelegraph, entitled MaidSafe Founder Seeks Monopoly on ‘Distributed Network System,’ caused some unintended controversy.
The advent of cyptocurrencies is ushering in a new area of human innovation while simultaneously posing a real threat to the traditional monetary controls to which many have grown accustomed.
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