Patent Nonsense, Coinbase Futures, and Who's a Good Doggie? You Are!
Welcome to the CoinDesk Weekly Review 13th December 2013 - a regular look at the hottest, most controversial and thought-provoking events in the world of digital currency through the eyes of skepticism and wonder. Your host ... John Law. Inventing problems. You've got to love Internet rumours. A bit of a Twitter-storm kicked off earlier this week, when the word went out that JP Morgan had tried to patent bitcoin. Calmer heads prevailed: JP Morgan hadn't tried to patent bitcoin. It had re-presented an old patent from 1999 about an online payment system with electronic wallets, but one that....
Related News
Coinbase gets into trouble with another lawsuit of patent infringement, among its other legal issues. A blockchain-based fintech software company in New York, Varitaseum Capital LLC, sued the crypto exchange for infringing its patent transfer technology for several exchange services. Reggie Middleton, the founder of Veritaseum, filed the patent infringement case against Coinbase in Delaware […]
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). The USPTO was said to have received the submissions on March 17 of this year. Immediately after this news went public it created quite the stir in the community mostly upset with the Coinbase decision. Many took to social media to voice their opinion including Bitcoin Core developer Jeff Garzik who said: Coinbase CEO Brian Armstrong responded by telling him that they needed to research how they felt....
A number of bitcoin patents on cryptocurrency-related products have been published earlier this month, leading some to wonder about its potential ramifications on the industry. Coinbase CEO and co-founder Brian Armstrong weighed in on this issue in a post on Medium. Just recently, Bank of America's patent on a system of cryptocurrency wire transfers was published by the US Patent & Trademark Office (USPTO). This was followed by news that Coinbase filed patents for nine bitcoin products, including a wallet, hot exchange, and a bitcoin tipping button. Coinbase Cryptocurrency Patents.....
Bitcoin and ether exchange startup Coinbase is seeking a patent for a security system for bitcoin private keys. According to an application published on 24th November by the US Patent and Trademark Office (USPTO), Coinbase is aiming to patent a “security system forming part of a bitcoin host computer”. Coinbase submitted the application in May of last year, with software engineers Andrew Alness and James Hudon listed as inventors. The startup, which has raised more than $116m in venture capital to date, has sought other patents in the past. The last few months have seen a flurry of....
The San Francisco-based Bitcoin services Company, Coinbase has filed applications with the US Patent and Trademark Office (USPTO). The company has filled for nine Bitcoin-related applications with the US Patent and Trademark Office. Coinbase is filing for patents for the following applications: Hot wallet for holding Bitcoin. User Private Key Control. Bitcoin Private Key Splitting for Cold Storage. Instant Exchange. Personal Vault. Send Bitcoin to Email Address. Bitcoin Exchange. Tip Button. Off-Blockchain Transactions in combination with On-Blockchain transactions. And it seems that....