The cryptocurrency market is booming this morning after a slew of crypto-positive announcements have hit the media. Is a crypto bull run upon us?
Bitcoin (BTC) is eyeing the $7,500 mark, and Ethereum is just under $500. Stellar (XLM) and Cardano (ADA) are leading the market today as both coins are seeing over 20% price gains.
Mastercard, Bank of America, and Wells Fargo all announced this morning that they are pursuing new blockchain-related patents. This very well could be the reason why investors are buying into crypto this morning.
Wells Fargo Tokenization System Patent
Cointelegraph reported this morning that The US Patent and Trademark Office (USPTO) just published a patent filing for the San Francisco-based bank, Wells Fargo. The publication states that the newly published application details a system in which any type of ‘data element’ could be located, protected, and accessed by means of tokenization.
As the patent filing outlines, tokenization uses encryption methods to process an originally unrestricted data element into a corresponding restricted token that can only be retrieved by a specific user. The retrieval is also known as ‘detokenization.’
Wells Fargo explains the protection of the data on its system by means of tokenization:
“Unlike the limited, anonymous signatures supported by existing systems, this tokenization manifest supports single signers, multiple signers, or co-signers to store information publicly without loss of confidentiality of any sensitive content.”
Bank of America External Data Validation Patent
Cointelegraph also reported this morning that the Bank of America also filed a blockchain-related patent that was released by the USPTO today.
Bank of America’s patent proposes using blockchain technology to track resource information and to confirm resource transfers. According to Fortune, Bank of America currently has 45 live blockchain patents pending.
Both Bank of America and Wells Fargo banned crypto purchases via their banks’ credit cards earlier this year, so these crypto and blockchain patents are a bit surprising. Do you think the announcement of these blockchain patents could be behind the current crypto bull run?
>> Marc Lasry: “Bitcoin Investors Will Make 5 to 10 times their Money in 3 to 5 Years”
Featured Image: Twitter
I’d have to examine with you here. Which is not one thing I usually do! I take pleasure in reading a post that may make folks think. Additionally, thanks for permitting me to comment!
LM SKINCENTRE 癦痣 皮膚治療 治療與產品 本皮膚中心 的醫生會因應您的需要及痣的種類，為您制定不同的脫癦治療方案，以徹底去除皮膚上的墨痣。病人可以選擇CO2 激光治療 (CO2 laser)療程脫癦，去除良性無害的痣，但並不建議以此方法處理一些懷疑有問題的斑塊。假如醫生懷疑是黑色素瘤或皮膚癌，會把墨痣切除及進行活組織檢驗，以更準確斷症。
Manuel Neuer insists the Germany squad are behind Mesut Ozil after his decision to quit the national team. The Arsenal midfielder accused the German FA of racism before quitting the squad. ‘If all of us performed at the World Cup we wouldn’t talk about this’: Manuel Neuer says Germany squad accepts Mesut Ozil’s decision to quit the team
The Borussia Dortmund players arrived at the club’s training ground on Wednesday after their Champions League clash was postponed following three explosions near their team bus. ‘No matter whether Borussian, Bavarian or Schalke… we want to show that terror and hatred can never determine our actions’: Dortmund make emotional vow after blasts as security ramps up for match
Chelsea’s Slovakia World Cup star Miroslav Stoch has joined Turkish side Fenerbahce for a fee of £2.5million. He spent last season on loan at Dutch champions FC Twente. Chelsea’s Slovakia winger Miroslav Stoch joins Fenerbahce in £2.5m deal
Paul Stalteri has left Tottenham to join Borussia Monchengladbach. The 31-year-old defender had his contract with the north London club cancelled by mutual consent. Stalteri to leave Tottenham and join Bundesliga club Borussia Monchengladbach
… [Trackback]
[…] Find More to that Topic: tradingbtc.com/2018/07/18/crypto-bull-run-new-blockchain-patents-push-market-upwards/ […]
… [Trackback]
[…] Here you can find 69017 additional Info on that Topic: tradingbtc.com/2018/07/18/crypto-bull-run-new-blockchain-patents-push-market-upwards/ […]
… [Trackback]
[…] Here you will find 25133 more Info on that Topic: tradingbtc.com/2018/07/18/crypto-bull-run-new-blockchain-patents-push-market-upwards/ […]
… [Trackback]
[…] Information on that Topic: tradingbtc.com/2018/07/18/crypto-bull-run-new-blockchain-patents-push-market-upwards/ […]
… [Trackback]
[…] Info on that Topic: tradingbtc.com/2018/07/18/crypto-bull-run-new-blockchain-patents-push-market-upwards/ […]
… [Trackback]
[…] Info on that Topic: tradingbtc.com/2018/07/18/crypto-bull-run-new-blockchain-patents-push-market-upwards/ […]
… [Trackback]
[…] Read More to that Topic: tradingbtc.com/2018/07/18/crypto-bull-run-new-blockchain-patents-push-market-upwards/ […]
… [Trackback]
[…] There you will find 85473 additional Info on that Topic: tradingbtc.com/2018/07/18/crypto-bull-run-new-blockchain-patents-push-market-upwards/ […]
… [Trackback]
[…] Info on that Topic: tradingbtc.com/2018/07/18/crypto-bull-run-new-blockchain-patents-push-market-upwards/ […]
… [Trackback]
[…] Information on that Topic: tradingbtc.com/2018/07/18/crypto-bull-run-new-blockchain-patents-push-market-upwards/ […]
… [Trackback]
[…] Find More to that Topic: tradingbtc.com/2018/07/18/crypto-bull-run-new-blockchain-patents-push-market-upwards/ […]
… [Trackback]
[…] Read More Information here to that Topic: tradingbtc.com/2018/07/18/crypto-bull-run-new-blockchain-patents-push-market-upwards/ […]
… [Trackback]
[…] Read More here to that Topic: tradingbtc.com/2018/07/18/crypto-bull-run-new-blockchain-patents-push-market-upwards/ […]