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Claimed Bitcoin Creator Is Trying to Patent Blockchain

After the controversy of his claim to be mysterious Bitcoin creator Satoshi Nakamura, Craig Wright has become the story again as an article covering the behind the scenes events that led up to the initial interview where he made the claim has been published. In it is revealed that Wright has been trying to patent various key aspects of both digital currencies and blockchain. This year alone a company associated with wright have applied for over 50 UK patents related to aspects of the technology, this could be potentially harmful to the entire industry.

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Blockchain Streamlines Democracy

Online voting has long been a dream for many, indeed, it is conspicuous throughout science fiction as something we aspire to. However, until now the idea of using modern communication technology to provide instant voting has been let down by the infrastructure we have. The worry of proving identity, ensuring voting anonymity and keeping the process secure enough have provided a barrier to any such idea. However, Flux, a new political party in Australia is hoping to change all of that by using blockchain technology as a platform for its app based voting system.

Digital Currency Usability Remains an Issue

Sometimes it is difficult for the cryptocurrency industry to understand how end users of any digital currency are finding their experience. With daily innovation in such a young industry, new ideas, new solutions and new processes are appearing daily, but sometimes we see evidence that the users are not having their needs met. One such instance comes from a small petition on change.org, which gives a clue as to the issues the digital currency industry must address to see wider success and growth.

New Micropayment Service Empowers Bitcoin Transactions

When it comes to online content, one of the biggest challenges many face today is monetizing it, and obviously for high quality content, getting paid for producing it is often essential for providers to be able to produce more. Micropayment solutions have been seen as a viable option for a while, but there are issues. The very small transactions are incredibly inefficient due to the relatively high cost of transactions in the fiat money system. However, Coinetize are currently beta testing their new micropayment solution that uses bitcoin as its payment structure, offering the low transaction cost and convenience of digital currencies in combination with the benefits of micropayments.

Op-Ed: Bregret and Breconciliation, but No Breverse: Brexit, Uncertainty and the Future of Digital Currencies in Europe

“At 20 minutes to five, we can now say the decision taken in 1975 […] has been reversed by this referendum to Leave the EU: it is absolutely clear now that there is no way that the Remain side can win.” With these words, veteran broadcaster David Dimbleby – a mainstay of BBC Election Broadcasts for forty years – announced that Britain had voted to leave the EU, by a slim 4% lead, despite the predictions of Pollsters. Brexit is no longer a theoretical possibility: Britain enters a volatile time, Pound Sterling is in freefall. So what does this mean for the short and medium term future of digital currencies in the UK and the rest of Europe?

Digital Currency Weekly Recap 6-26-2016

Colu Continues Focus on Central Bank Cryptocurrency Issues

DAO White Hats Counter Attack to Prevent Additional Theft

Winklevoss Twins to Open Gemini Branch in UK

Despite Fears Over Brexit Impact on FinTech in UK, Reasons for Optimism Remain

Blockchain Weekly Recap 6-25-2016

Toyota Financial Services Joins R3 CEV

Greenwich Survey: Blockchain Investment to Exceed $1 Billion in 2016

FSOC Calls Bitcoin and Blockchain Threats to Financial Stability

Blockchain’s Role in Reducing Corruption

Bitcoin Weekly Recap 6-24-2016

PayPal Partners with Coinbase to Increase Bitcoin Options for its Customers

Qioine and BitMEX Offering Bitcoin/Yen Futures Contract

Coinetize Empowers Website Bitcoin Monetization

Wright Goes on Patent-Filing Spree

Claimed Bitcoin Creator Is Trying to Patent Blockchain

After the controversy of his claim to be mysterious Bitcoin creator Satoshi Nakamura, Craig Wright has become the story again as an article covering the behind the scenes events that led up to the initial interview where he made the claim has been published. In it is revealed that Wright has been trying to patent various key aspects of both digital currencies and blockchain. This year alone a company associated with wright have applied for over 50 UK patents related to aspects of the technology, this could be potentially harmful to the entire industry.

Bitcoin Influence Continues to Expand

The digital currency industry has seen vast levels of investment over the last couple of years, and it is not surprising that most of the focus of the industry has been focused on the major European and U.S. industries where that funding has originated. However, UK based startup Caricoin Ltd is still pushing bitcoin into new markets to expand both awareness of digital currencies and the user base itself, with the recently launched wallet and social media app specifically targeted at the region.

Central Banks and the Digital Currency Question

Interest in all aspects of the cryptocurrency industry, whether it is digital currencies themselves or the underlying blockchain technology, from central banks has been increasing rapidly over the last 24 months. While on the surface this brings a level of validity and publicity to the cryptocurrency industry, it is important to examine exactly how the technology is being proposed to be implemented to understand whether this is good for the industry moving forward.