Bitcoin Daily: the IBM patent based on Blockchain


Bitmain, the Chinese digital currency mining company, filed a lawsuit in the US District Court against a hacker identified as "John Doe" for a reported bitcoin theft, reported Cryptovest. "John Doe" would have taken over $ 5.5 million in bitcoins, as well as other digital assets. To this end, the court's complaint stated that he was able to enter "a protected computer without authorization" and access the company's portfolio in Binance. Presumably it took about 617 bitcoins in April. At the time, the cryptocurrency was priced just over $ 8,900. The price of the bitcoin starting on Monday (November 12th) at 19:00 EST was $ 6,356.02, according to CoinDesk.

In other news, Overstock CEO Patrick Byrne believes that the adoption of cryptocurrency will survive the collapse of the financial system, reported Cryptovest. Bryne said in an interview with Naomi Brockwell, "People are turning to it where they collapse, like Venezuela or Cyprus or Syria, something like that … When people start coming in, it's when their financial systems collapse. ". The CEO and founder of Erik Voorhees shared a similar view on his chirping account: He said: "When the next global financial crisis occurs and the world realizes organizations with 20 trillion dollars of debt can never repay it, and therefore must print it, and then the fiat is condemned … look what happens to crypto ".

In another note, the blockchain patent requested by IBM in December was recently published, reported CoinDesk. The patent, called "Blockchain for Open Scientific Research", has been described as a register for scientific research that is resistant to tampering. According to the patent filing, "The blockchain system can form a blockchain that represents a research project, in which the blockchain includes a first block of search data and a second block of analysis data representing a log of a & # 39; analysis performed on the research data. " , the deposit noted that "summary blocks and correction blocks" can be created on the chain. The inventors of the patent were named Ravindranath Kokku, Jae-wook Ahn, Patrick Watson and Maria Chang.



Our data and analysis team has developed a number of creative methodologies and structures that measure and evaluate innovation that is reshaping the payment and trade ecosystem. Take a look at our latest report on digital fraud:

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