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Coinbase has filed nine bitcoin patent applications with the US Patent and Trademark Office (USPTO). The news follows on from a report that the US Patent and Trademark Office had published a patent application filed Bank of America which attempted to protect a system for wire transfers using cryptocurrency technology
Sep 22, 2015 12:39 pm | Yessi Bello Perez
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Bitcoin wallet Circle says it has become the first company to receive a BitLicense from the New York State Department of Financial Services (NYDFS). In conjunction with the news, the company announced it will rebrand as currency-agnostic service Circle Pay.
Sep 22, 2015 10:51 am | Grace Caffyn
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A Russian payments company backing an idea for a digital currency has said that it could be backed by commodities. Russian state-owned news service TASS quoted an interview conducted by RBC TV, during which Qiwi CEO Sergei Solonin built on previous comments about how his company might issue its own cryptocurrency.
Sep 21, 2015 11:00 pm | Stan Higgins
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Bitcoin ponzi scheme perpetrator Trendon Shavers has plead guilty to securities fraud and is now awaiting sentencing. Shavers faced up to 20 years in prison for defrauding investors out of an estimated $4.5m while operating Bitcoin Savings & Trust (BS&T).
Sep 21, 2015 10:48 pm | Pete Rizzo
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21 Inc has announced it will begin accepting pre-orders for the 21 Bitcoin Computer, its first consumer product, on Monday. In statements, CEO Balaji Srinivasan laid out the broad vision for the product, which he hopes to one day be "available by default on every new computer".
Sep 21, 2015 09:12 pm | Pete Rizzo
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Investment group Kuala Innovations has invested in the bitcoin space for the first time. Jim Mellon executive director of Kuala Innovations – and reportedly one of Britain's richest – told CoinDesk the group now owned 10 per cent of SatoshiPay, a bitcoin micropayment processor.
Sep 21, 2015 07:41 pm | Yessi Bello Perez
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The USPTO has published a patent filed by Bank of America for a wire transfer system using cryptocurrency. The system would be designed to "bypass" traditional wire transfer services, "reducing dependency on third-party networks" and "increasing the reliability of fund transfers", the filing said.
Sep 21, 2015 06:00 pm | Pete Rizzo
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Two ideas aiming to disrupt the IPO and insurance markets came top at 'Hack The Block' this Sunday, bringing London FinTech Week to a close. The two-day blockchain hackathon, sponsored by Lloyds Bank, IBM and Thomson Reuters, took place inside the latter's flagship building in Canary Wharf, the capital's banking hub.
Sep 21, 2015 05:04 pm | Grace Caffyn
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Verizon Ventures, the VC arm of US telecommunications giant Verizon, recently made its first investment in the bitcoin and blockchain space, backing Internet of Things startup Filament. In a new interview, director Ed Ruth opens up about the firm's blockchain thesis and what he sees as the future for the tech.
Sep 21, 2015 02:55 pm | Pete Rizzo
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