Bitmex Research: We Doubt Ethereum’s Ability to Reduce Reliance on PoW

Altcoins The proposed and upcoming changes to the operation of the ethereum cryptocurrency have been a matter of debate recently, with questions like employing ASIC resistance mining, capping and others splitting the community. Now an outside party is also taking issue with the concept of ethereum shifting away from PoW. Also Read: Australia’s Digitalx Launches…

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Bank Of America Seeks Patent On Blockchain-Based Data Storage System

On April 12, the US Patent and Trademark Office published Bank of America’s application for a patent on a Blockchain-based storage system with automated data authentication. In the document, which was originally filed in October 2016, the author describes a Blockchain-based system for authenticating data and providing secured access of said data to service providers.…

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The Winklevoss Brothers Receive Patent For Digital Transaction Security System

Winklevoss IP, owned by brothers Cameron and Tyler Winklevoss, has been granted a patent for a system to enhance the security of digital transactions, according to a patent document published by the US Patent and Trademarks Office (SPTO) April 10. According to the patent, the new system is an “improvement to computer security technology” that…

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Digital Asset Taps Former JP Morgan Exec for ASX Project

Fintech startup Digital Asset has hired a former JP Morgan Chase executive to work on a blockchain-based clearing and settlement system it is developing for the Australian Securities Exchange (ASX). Stewart Cowan, formerly the bank’s Asia-Pacific regional head of trading services, will join the firm as a senior product manager, Global Capital reported on Thursday.…

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Bank of America Envisions Blockchain As Internal Ledger

Bank of America may be looking into creating a single transaction ledger to replace existing data sharing systems with a blockchain, according to a patent application released Thursday. The filing, published by the U.S. Patent and Trademark Office (USPTO), outlines a permissioned blockchain which, if implemented, would securely record and authenticate personal and business data,…

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