IBM has applied to patent a system that would use blockchain tech to tackle privacy and security concerns for drones, according to a filing published by the U.S. Patent and Trademark Office (USPTO) September 20. The computing giant first filed the patent in March 2017, detailing how blockchain could be used to securely store data associated with unmanned aerial vehicles (UAVs) — more commonly known as drones. The patent notes that a blockchain system can provide “effective techniques for managing data related to a UAV [..] particularly when a security risk level is considered to be relatively high.”. According to the filing, such data may include the drone’s location, its manufacturer and/or model, its flying behaviour (“e.g. erratic”), the model’s capabilities such as camera resolution, contextual information such as weather conditions, and the vehicle's proximity to restricted or forbidden flight zones The patent filing suggests that transaction data could be added “more frequently” as a block to the chain if and when a risk level is considered to be high. In terms of managing privacy concerns, if a drone is equipped with a high-resolution sensor, for example, the filing proposes that this could be recorded on the blockchain, with additional data transactions added whenever the sensor is detected to be activated. The patent further proposes that smart contracts could be used to interface the blockchain system with extra information generated by machine learning models or other algorithms that compute historical data, both on- and off-chain.
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⏺️The SEC published an "order instituting proceedings to determine whether to approve or disapprove a proposed rule change" filed by Cboe BZX Exchange, Inc. If approved, Cboe would have the green light to list a bitcoin ETF pitched earlier this year by money management firm VanEck and crypto startup SolidX.
As part of that process, the SEC wants more input from the public – to date, according to the agency, more than 1,400 comments have been submitted. "Institution of such proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change. Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, as described below, the Commission seeks and encourages interested persons to provide comments on the proposed rule change." Wrote SEC secretary Brent Fields.
Under the terms of the proposal, VanEck and SolidX would create a bitcoin trust, in which SolidX would list shares. The SEC has already delayed making a decision on the matter once, and can potentially delay making a final decision through February under existing regulations.
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best.of.crypto Crypto exchange platforms coinbase and Bitifinex both announced yesterday, Mar 21, that they are now ready to implement the segregated witness (SegWit) scalability upgrade for Bitcoin(BTC). Coinbase tweeted the announcement that it has finished the final testing stages of SegWit for Bitcoin on the platform and is aiming for a 100 percent launch to all customer by mid-next week. Bitfinex announced an already functioning rollout of SegWit to all customers trading in BTC.
This is amazing. UN Women — a United Nations entity for gender equality and empowering women — will use blockchain technology for cash transfers in Jordanian refugee camps, according to a UN press release September 18. The new blockchain solution is based on a previous WFP project called Building Blocks, which has already allowed 76,000 Syrian refugees in Zaatari to purchase food using an iris scan instead of cash or cards. To access their funds, participants scan theirs eye, which subsequently links to an account on a blockchain. #cointelegraph#crypto#blockchain#womanincrypto
Where do you think #crypto is going?
My personal opinion is that it will increase but that a 1000x increase is highly optimistic - only so many more people will become involved and there will always be doubt surrounding crypto when compared to forex. However, inclusion in a fiat trading pair or a forex system would drastically increase the prosperity of crypto... hopefully it’s on the way.
Let me know your thoughts
"best.of.crypto Crypto exchange platforms coinbase and Bitifinex both announced yesterday, Mar 21, that they are now ready to implement the segregated witness (SegWit) scalability upgrade for Bitcoin(BTC). Coinbase tweeted the announcement that it has finished the final testing stages of SegWit for Bitcoin on the platform and is aiming for a 100 percent launch to all customer by mid-next week. Bitfinex announced an already functioning rollout of SegWit to all customers trading in BTC. DM me on [email protected]#coinbase#bitfinex#bitcoin#segwit#btc#cryptoexchange#bestofcrypto#cointelegraph#bitcoin"
Blockchains are making their presence felt around the world. Several tech giants from Europe, Asia, and the Americas are experimenting with a distributed ledger for a variety of use cases. The trickle-down effect of this adoption has now started reaching small and medium-sized businesses as well, which are increasingly adopting Blockchain as a Service (BaaS). The trend could develop further and help the blockchain industry’s valuation swell to almost $10 billion by 2024. Data compiled by Esticast Research and Consulting show that there is no stopping blockchain technology from taking over the world.
New data predict that the global blockchain market that was valued at $26.1 million in 2016 will grow to $9.6 billion by 2024. During the next half a decade, the industry will grow with a compound annual growth rate (CAGR) of 60.8 percent. While the public blockchain sector will continue to grow exponentially, it will be the private sector that will dominate the market, contributing over 50 percent to the market.
IBM will be one of the most prominent corporations in the blockchain segment as it held over 10 percent of the global blockchain market in 2016 alone. The initial boost could help IBM become instrumental in the sector. Other important corporations in the segment will be Accenture Plc., Intel Corporation, Deloitte and Microsoft Corporation, among others.
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Texas Regulators Shut Down Three #Cryptocurrency Scams
The #Texas State Securities Board has issued an emergency action to halt the deceitful offerings of investments in three #cryptocurrency related schemes.
The agency entered a cease and desist order against Coins Miner Investment Ltd, DigitalBank Ltd, as well as Ultimate Assets, who is charged for offering Texans misleading ROIs and promising to grow an initial investment of $1,000 into $10,000 in three weeks.
Coins Miner Charged for CyberFraud
According to the emergency order, Coins Miner was found to have used emails and manipulating online media to solicit funds from Texas residents by pretending to represent #Coinbase, a San Francisco-based company that operates an online platform for buying, selling, and storing digital currency.
Ana Julia Lara, an affiliate of #Coins Minter who crafted the fake email, is also accused of claiming to be a vice president of #CoinTelegraph Media Group.
The organization is also accused of fabricating photographs to show its “state-of-the-art office,” as well as using stock photos to portray its employees. A video featuring stock footage of its servers, facilities, and financial professionals was also cited.
The regulator’s second cease and desist letter was targeted towards #DigitalBank for claiming to be building an external wallet called “Photon Encrypted Ledger Key” and raising capital for an illegal initial coin offering (ICO). Also, DigitalBank was found to be offering shares issued by the company and the issuance of a utility coin, called DBGK, set for an ICO next year.
According to the order, the company told likely investors to purchase DGBK at a price of $0.50 and sell it for $10.00 during the ICO. With these terms, a $5,000 investment would rise to $100,000 in the ICO period.
The Texas Securities Board, however, concluded the offering was deceptive, as it misled investors on the profitability of the company, while hiding key information needed to make unbiased decision.
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The Bull Is Back 📈
According to McAfee, “Bitcoin will surpass $15,000 in June.” The controversial crypto proponent, however, predicts that the spike will be short-lived as he said the number one crypto would dip in July. Bitcoin wasn’t the only digital currency whose price McAfee predicted. He also said that both Docademic (MTC) and Bezop (BEZ) would reach new highs by the middle of July. McAfee said that MTC, the healthcare platform token recently listed on a few exchanges like HitBTC, would climb to $0.73 in July. Docademic is currently trading at $0.13. John McAfee is no stranger to cryptocurrency predictions. He once famously declared that Bitcoin will be worth $500,000 in 2020, a position that he still defends. Earlier in the week, he tweeted about an impending crypto bull rally, urging traders to pay attention to events in the news and “use their heads.”
📌Do you think McAfee’s predictions are accurate? If not, why?
⬇️Drop a comment and let us know what you think! #CoinGage
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Fork In the Road 🛣
Speaking in a biweekly video call, developers said the upgrade will activate around October 9 on a cross-client testnet, named Ropsten, which mimics the conditions of the ethereum network itself. However, due to the unpredictability of block confirmation times in the testing environment, an exact block number – the way most upgrades are timed within the blockchain space – for the testnet activation has yet to be finalized. Similarly, the timing for activating Constantinople on ethereum's mainnet, or live blockchain, has yet to be fixed either. Speaking on the call, though, Ethereum Foundation communications officer Hudson Jameson tentatively suggested November or December for the upcoming code change. Vitalik Buterin, ethereum's creator, was also on the call, and noted the difficulty bomb — a piece of code designed to slow down the blockchain and necessitate system-wide upgrades — should not be perceptible for several months, meaning then, that there is little urgency to get the Constantinople upgrade out. “It's totally not urgent," Buterin said, adding: "We could probably have three months of safety and likely even more." While the ethereum improvement proposals (EIPs) that are a part of the Constantinople upgrade have caused some debate – especially from miners who see their revenue decreasing with a pullback on the issuance of ether from three to two – overall the upgrade features minor technical changes.
📌What do you think about this move from Ethereum?
⬇️Drop a comment and let us know what you think! #CoinGage
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