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Cardano Ecosystem

TodayQ News

11/07/2021

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Coinbase helps to prevent patent overreach to No one will ban Bitcoin

1) Coinbase will join COPA to prevent patent overreach. In September, Square, the United States-based financial services company launched the Cryptocurrency Open Patent Alliance (COPA) which seeks to democratize access to innovative technologies in the crypto sector. Coinbase recently...

Coinbase helps to prevent patent overreach to No one will ban Bitcoin

1) Coinbase will join COPA to prevent patent overreach.

In September, Square, the United States-based financial services company launched the Cryptocurrency Open Patent Alliance (COPA) which seeks to democratize access to innovative technologies in the crypto sector. Coinbase recently joined COPA to prevent patent overreach. Brittany Cuthbert, Coinbase senior counsel and COPA board member said:

As the crypto economy continues to grow, we believe it is important to help empower all projects building towards an open financial system. […] We look forward to working alongside the members of COPA to create a foundational patent shield for our industry.

2) Ripple can be the reason for the drop in Moneygram’s stock value.

From November 27 to December 4, Ripple Labs has sold 2,264,113 shares of MoneyGram which valued at $15,303,792.60 in total. Recently money gram’s stock value has dropped to 6.52 USD because of the news of Ripple’s sell-off. We can say Ripple’s partnership with MoneyGram may not be as warm as it was earlier, but it’s surely paying off. Ripple spokesperson said:

Ripple is a proud partner in MoneyGram’s digital growth transformation. This is purely a judicious financial decision to realize some gains on Ripple’s MGI investment and is in no way a reflection of the current state of our partnership.

3) Cardano will undergo a hard fork in mid-December.

IOHK, the technology company behind Cardona announced a new hard fork of the protocol scheduled later this month. A software engineer at IOHK said:

Cardano handles hard forks automatically, without stopping block production. This gives a uniquely smooth upgrade process that allows new features to be introduced easily and evolve the platform’s capabilities.

4) Alex Mashinsky believes Eth2 scale quickly and significantly to remain in the spotlight.

Ethereum 2.0 recently concluded phase 0 but Alex Mashinsky, Celsius CEO and founder believes Eth2 scale quickly and significantly to remain in the spotlight. Mashinsky said:

Ethereum needs to prove it can scale its transactions 100x without compromising on security or decentralization. If it fails to scale, Cardano and Polkadot will take over.

5) OCC leader ensures nobody will ban Bitcoin.

Brian Brooks, the head of the Office of the Comptroller of the Currency said in an interview with CNBC’s Squawk Box on Friday that:

We’re very focused on getting this right. We are very focused on not killing this, and it is equally important that we develop the networks behind Bitcoin and other cryptos as it is that we prevent money laundering and terrorism financing.

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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