Giant sportswear, accessories, and equipment product Nike have filed a blockchain and cryptocurrency-related patent confirmed by the United States Patent and Trademark Office. However, Nike is yet to confirm or giving any comments regarding the news where Cryptokicks trademark was created on 19th April 2019 and was listed under Nike Inc. which could indicate the beginning of new crypto venture by another American corporation.
The US finance regulator, the Securities and Exchange Commission (SEC), is hiring a dedicated staff member to provide expertise on cryptocurrency. The SEC, which keeps on resolving strategy with respect to U.S. local treatment of digital currency tokens, will pay up to $239k every year for its Crypto Specialist. The SEC is dedicating extensive vitality to ensuring tokens and their backers keep surviving securities laws, focusing on organizations with legitimate procedures to guarantee consistency.
Brave browser services launched, but as it turns out, there is a caveat: they’re currently only available in five countries: the US, Canada, France, Germany, and the UK, with more geographies to be available soon. Users of Brave’s desktop browsers, available for Windows, macOS, and Linux operating systems, can now opt into Brave Rewards to view Brave Ads and receive 70% of the ad revenue as a reward in the form of Basic Attention Tokens (BAT).
Twitter user, CobraBitcoin, Co-owner of Bitcoin.org and Bitcointalk.org, shed some light on this issue by talking about increasing the block size of Bitcoin to support Lightning function. The conflict over increased block size mainly revolves around the security part of Bitcoin, and an increased block size could lead to major security concerns. Bitcoin enthusiasts also brought up the risks associated with increased block size such as censorship.
A new agreement has been signed between technology giant company, IBM and Lenovo, a Chinese PC maker so that the blockchain technology by IBM will be implemented to the customer service process at Lenovo’s Data Center Group. In Lenovo’s recent article it explained that its blockchain solution will be based on its industry-leading ThinkSystem data center infrastructure portfolio of server, storage, networking and software products.
A tobacco company, Philip Morris has shared that they are currently working on developing a “public blockchain”. The global head of architecture and tech innovation at Philip Morris, Nitin Manoharan have shared at the London Blockchain Expo then commented, “The aspiration is an industry-wide blockchain that interested stakeholders can come in and subscribe to it and benefit from it. If they see no value they can just leave.”
A blockchain related event, Blockchain Expo Global 2019 had taken place and the main highlights of the event that is the blockchain’s relevance in provenance tracking and operational transparency.Sylvie Gleises, CEO of continental Europe for AXA ART explained, in the art industry there are cases of counterfeit artwork making its way into the market, and companies usually insure their artwork to safeguard themselves from fraud.
A payment service provider company, Bitspark have shared their plan in launching a stablecoin pegged to the Philippine peso (PHP). The announcement in launching the stablecoin was made in a press release where Bitspark has explained further that a technology start-up based in Cambodia Okra Solar will become the first to use peg.PHP launched by Bitspark.
Minister of Finance and Deputy prime minister of Japan, Taro Aso has appealed to adopt the newly-proposed legal name crypto assets and cease using other terms. In his statement: “While I think blockchain is a promising technology, it will take quite some time before it is firmly established. A variety of people will become involved with it, not all of them well-intentioned, so some could misuse this technology. To protect investors, it is essential for us to conduct a proper and strict review.”
Production Public Company Limited (PTTEP) and Siam Commercial Bank (SCB) will make use of Ripple’s blockchain technology solution. Khun Somporn Vongvuthipornchai CEO of PTTEP said, “ This results in lower costs which reflects PTTEP’s determination to seek new approaches or methods to increase the efficiency of work relentlessly in order to maintain business competitiveness and keep up with the changes that will always happen.”
