Nasdaq wins patent for blockchain based news service
Nasdaq has won a patent outlining how blockchain could be used to release information as part of a wire service. The US patent explains how a blockchain could be used to securely release time-sensitive information when necessary. Nasdaq’s patent describes a blockchain platform that can utilize smart contracts to incorporate a number of encryption and workflow features, while maintaining a log that becomes more difficult to change over time.
The patent states “Access to the sensitive information that is stored on the blockchain may include a multi-signature requirement that is part of the embedded scripts that make up a given blockchain transaction. The intended recipients of the information may then directly interface with the blockchain at the scheduled time, to access information that has been securely stored,”
Japans SBI to launch new crypto wallet
Japanese financial services giant SBI Group has partnered with a blockchain security startup to develop a digital wallet for its recently launched crypto exchange. SBI launched VCTRADE in June to become Japan’s first bank-backed, government-licensed cryptocurrency exchange.
Yoshitaka Kitao, representative director, president and CEO of SBI Holdings, said “After extensive investigation, our security research team determined threshold signatures based on multiparty computation (MPC) offered our desired level of security, performance, and scalability needed to manage transactions for our growing SBI Virtual Currencies customer base.” Saying that the “vast majority” of crypto hacks since 2014 were down to poor key security, Sepior claimed that its wallet technology “eliminates the need for any device or entity to possess the entire private key at any time, making it effectively impossible for an attack to result in key theft.”
Forbes launches crypto tracking website
Forbes CryptoMarkets features real-time pricing and volume information on cryptocurrencies along with crypto indices. Forbes CryptoMarkets team of data scientists and programmers are leveraging a wide range of quantitative data sources, including cryptocurrency exchanges and blockchain data sources, to clarify and present a comprehensive, real-time view of the cryptocurrency and blockchain ecosystem.
Jim Preissler, CEO of trade.io and Executive Director of Forbes CryptoMarkets said “Forbes is the most-respected business media brand in the world, and our partnership allows us to bring the same high standard of quality to this cryptocurrency industry.”
Coinbase approved for crypto custody service in New York
Coinbase has received approval from New York regulators to form a qualified custodial firm for cryptocurrencies. The New York Department of Financial Services granted Coinbases application to create the Coinbase Custody Trust Company LLC, as well as approving the Coinbase Trust to offer custody services for bitcoin, litecoin and others.
Coinbase COO and president Asiff Hirji praised the move, noting that the NYDFS has been “a strong advocate” for the “responsible growth of the cryptocurrency industry.”
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