Ponzi Allegations and Patent Applications: Bitcoin Headlines
Bitcoin in the Headlines is a weekly analysis of industry media coverage and its impact. This week's coverage is a testament of just how varied things in the bitcoin space can really get. On the one hand, many mainstream media sources ran stories on the US Securities and Exchange Commission's indictment of the now-defunct cryptocurrency mining firm GAW Miners for alleged securities fraud. At the opposite end of the spectrum, Wall Street investment bank Goldman Sachs - which participated in Circle's $50m funding round earlier this year - made headlines after a patent application for its own....
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According to Reuters, Craig Wright is now a patent troll. The Australian, who claimed to be Satoshi Nakamoto, is now trying to secure many patents, according to his associates. Since the beginning of the year, Wright has filed over 50 patent applications in Britain, and Reuters has seen this data through documents given to the publication. Wright Back in....
The US Patent & Trademark Office (USPTO) published 10 patent applications yesterday that were filed by Bank of America in June of last year. The list of proposals includes a "real-time conversion system", a "cryptocurrency transaction payment system" and a "cryptocurrency suspicious user alert system". Patent applications for offline storage, "risk detection" and transaction validation were also published, among others. To date, Bank of America has submitted 11 patent applications related to cryptocurrencies, suggesting that the firm may be looking to build, or at least conceptualize, a....
In recent months, there has been no shortage of potentially alarming headlines detailing how mainstream financial and tech giants such as eBay, IBM and JPMorgan may be looking to enter or impact the bitcoin space with strategic patent filings. The most recent company to enter these ranks was Colorado-based remittance giant Western Union, which received a patent on 1st April that reports have suggested would give the company a claim to a key aspect of the bitcoin industry - the exchange of alternative currencies. Despite the sensational headlines, however, it has remained unclear as to what....
On October 22, 2015 the United State Patent and Trademark Office published eBay patent applications for 20150302400, “Distributed Crypto Currency Reputation System” and 20150302401, “Distributed Crypto Currency Unauthorized Transfer Monitoring System”. The reputation application will be discussed in detail below and while controversial, we will offer just an extract of the blacklist application as it does not appear to be a particularly interesting except for who submitted the application. The applications were filed by eBay, which (at the time) owned PayPal prior to its split. Both....
10 new patent publications filed by Bank of America have been published by the U. S. Patent and Trademark Office (USPTO) last week. The bank's patent applications were filed in June, last year. The USPTO has published 10 patent applications filed by Bank of America in relation to cryptocurrencies. The original filing was done in June 2014 and the 10 new applications add to an existing filing for a wire transfer system involving cryptocurrencies by Bank of America, published in September. While the bank's official plans or endeavors with cryptocurrencies are still unknown, the following....