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Blockchain Patent Granted to Cybersecurity Company Owned by U.S. Defense Contractor

Texas-based cybersecurity company Forcepoint has been awarded a blockchain-related patent. Documents published by the United States Patent and Trademark Office (USPTO) on April 16 reveal that Texas-based cybersecurity company Forcepoint has been awarded a blockchain-related patent. Forcepoint is owned by U.S. defense contractor Raytheon and private equity firm Vista Equity Partners, and Crunchbase estimates its yearly revenue to be $600 million. The system described in the patent appears to be a complex user behavior monitoring and management system. The system would aim to store data about electronically-observable user interactions and then use this data to identify known good, anomalous and malevolent user actions to enhance the system’s cybersecurity. Some versions of the system employ blockchain technology, according to the patent: “In certain embodiments, the association of the additional context may be accomplished via a blockchain block within a user behavior profile block..

Report: Chinese Publicly Listed Construction Company Turned Mining Firm Lost Over...

A Chinese publicly listed construction company turned to cryptocurrency mining firm has been reportedly sold after its value decreased by over 90%. Chinese publicly listed construction company turned to cryptocurrency mining firm, Huatie HengAn, has reportedly been sold after its value decreased by over 90%. The development was reported by English-language local crypto-focused media 8btc on April 19. The firm has been reportedly sold for around 12 million yuan ($1.8 million), after its value decreased from 170 million Chinese yuan ($25.3 million) in under a year. Per the report, Huatie HengAn started as a subsidiary of the publicly listed parent company Huatie and claims to be mainly engaged in providing cloud computing services. Still, 8btc notes that its financial filings reveal that the company’s main business appears to be cryptocurrency mining, since in 2018, it purchased 36,500 machines from Avalon and Ebang. While the report allegedly calls the machines servers, the producers a..

Cyprus-Based Company, PLC Player Loyalty Ltd. Announces Launching of Pre-ICO for...

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: "CCN+Hacked". Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: "CCN+Hacked". Sign up here. Larnaca Cyprus, April 15, 2019. PLC Player Loyalty Ltd. (PBET) is a Cyprus-based software company that provides innovative solutions to the gaming industry. We have successfully commercialized software products to more than 20 gaming venues. The PBET project is a unique innovation that addresses the convergence between physical and online gaming while allowing the generation of synergies between these channels, thanks to our “Unified Gaming Platform” that embeds cryptocurrency payments. Studies, like the one conducted by Transparency Market Research, evaluates the total revenue generated from online gambling and sports betting to be wo..

Binance Partners With Blockchain Analytics Company CipherTrace to Enhance AML

The world’s third-top cryptocurrency exchange by adjusted volume has partnered with blockchain analytics company CipherTrace. The world’s third-top cryptocurrency exchange by adjusted volume, Binance, announced that it has partnered with blockchain analytics company CipherTrace. The partnership was announced in a blog post published on April 11. Per the announcement, the partnership is meant to strengthen the company’s regulatory compliance by enhancing its Anti-Money Laundering (AML) measures. The post claims that CipherTrace also serves regulators, financial institutions and auditors. Cointelegraph reported in March that the Malta Financial Services Authority has appointed the company to monitor activity by crypto businesses in Malta. CEO of CipherTrace Dave Jevans is quoted in the announcement as stressing the importance of transparency in gaining trust in the market. At the end of January, CipherTrace also released a report stating that about $1.7 billion in cryptocurrency had bee..

Bithumb Losses Totalled $180 Million in 2018 Bear Market, Company Reports

Bithumb confirmed that troubling market conditions spurred the losses, which come despite 17% sales growth. South Korean cryptocurrency exchange Bithumb had a net loss of 205 billion won ($180 million) in 2018 due to the Bitcoin (BTC) bear market, local English-language daily news outlet Korea Times reported on April 11. Citing data from the exchange’s operator, BTCKorea.com, the publication revealed Bithumb, South Korea’s largest exchange, endured the extensive losses despite sales growing 17.5% compared to 2017. “In terms of sales, we saw a 17% increase, and we continue to increase overseas investments,” a spokesman added in private comments. Bithumb’s performance falls in line with other similar losses in the cryptocurrency industry, which accepted the growing pains as Bitcoin maintained its now record bear market throughout last year. As Cointelegraph reported, other companies in the space, such as mining giant Bitmain and hardware manufacturer Nvidia, also reported shaky performa..

Ripple’s xRapid Gets Honored By Fast Company Marking Another Win For...

As a digital asset investor who is invested in XRP, it is important that you learn as much as you can about xRapid. This is because Ripple’s xRapid is going to be the vehicle that will drive massive adoption for the XRP token. For the past few weeks, most XRP news have been about the influence of xRapid. xRapid has also gotten a lot of endorsements recently from well-known figures and institutions including the World Bank. This has influenced the XRP price prediction 2019 and the future of XRP. Today’s XRP news is also about how xRapid got honored by Fast Company for its efficiency. What does this mean for the XRP price prediction 2019? XRapid Price Prediction – XRP News Today – xRapid News Today – Fast Company Honors xRapid Fast Company is in the center of our XRP news today. It is an American business brand, and magazine that focuses on technology, business and design. Recently, Fast Company honored xRapid in its publication stating it as one of the “world changing ideas of 2019”. T..

German Blockchain Company Builder NBT Secures $13.5 Million in New Funding...

Next Big Thing AG, a Berlin-based IoT and blockchain company builder, has completed an investment round led by HDI Global SE. Next Big Thing AG (NBT), a German Internet-of-Things (IoT) and blockchain company builder, has secured 12 million euros ($13.5 million) in a new funding round, according to a press release on April 8. NBT announced that the firm has successfully completed its Series A investment round led by global industrial insurance giant HDI Global SE through Hannover Digital Invest, with participation by the FinLab EOS VC Fund, a $100 million joint venture by fintech incubator FinLab AG and blockchain software developer Block.one. According to the press release, HDI Global decided to invest in NBT to support the combination of IoT and blockchain technologies with a focus on machine economy. Thomas Kuhnt, a member of the board of management of HDI Global SE, stated that HDI is not only investing, but also will actively participate in the development of new projects to expan..

Global Consulting Company Accenture Patents Two Solutions for Blockchain Interoperability

Global consulting company Accenture wins two patents aimed to increase blockchain interoperability. Global consulting company Accenture has patented two solutions focused on blockchain interoperability, according to the data published by the United States Patent and Trademark Office (USPTO) on April 2. The first patent, filed August 2018, patents a method for cryptologic blockchain interoperability. As described in the technical section of the patent, participants can share the token data stored on a distributed ledger (DLT) network by using a digital signature within the solution. The document also mentions the ability to send a multi-signature certification message to a recipient who solicits information. According to the patent, the receiver can then verify the digital signatures via public keys. The second patent, originally filed in September 2018, describes an interoperability smart contract solution that uses a pre-commit authorization. According to the patent, the sender is ab..

Biotech Company-Turned-Mining Firm Riot Blockchain Reports 2018 Net Loss of $58...

The company also reportedly generated about $7.7 million in revenue through its cryptocurrency mining. Biotechnology company turned mining firm Riot Blockchain reported a 2018 net loss of about $58 million in its financial report released on April 2. Per the report, the company’s net loss was primarily attributable to the noncash aggregate impairments, depreciation, amortization and stock-based compensation expenses amounting to about $45.2 million. The company also reportedly generated about $7.7 million in revenue through the mining of 1,081 Bitcoins (BTC), including converted Bitcoin Cash (BCH), and 3,023 Litecoins (LTC) during the year. The company claims that it has no long-term debt and that before depreciation, amortization, and impairment, it perceived a positive gross margin on 33 percent. Riot Blockchain also notes that the U.S. Securities and Exchange Commission (SEC) probe into the company is still ongoing and that the company is collaborating with the regulator. Lastly, t..

Japan’s Largest Railway Company Considers New Crypto Payment System for Transport...

The president at Japanese cryptocurrency exchange DeCurret unveiled the new cryptocurrency payment system. Kazuhiro Tokita, representative director, board member and president at Japanese cryptocurrency exchange DeCurret, unveiled a new cryptocurrency payment system during a business presentation in Tokyo on March 27. Cointelegraph Japan reported on the presentation the same day. The new system would enable the SUICA payment card issued by the East Japan Railway Company (JR East), Japan’s biggest railway company, to be topped-up with cryptocurrency. Still, the report points out that there are no concrete plans as of press time, and that JR East is only considering the implementation. Data released by the company shows that as of the end of March last year, nearly 70 million SUICA cards were issued. According to the dedicated website, SUICA is a prepaid e-money card which allows its users to pay both for some goods and services, as well as transport. As Cointelegraph recently reported,..
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