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Patent Applications per Country

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What a fascinating animation!

Over 88 million patent filings are in our database. Plotting these filings over time reveals the most important countries/patent authorities.

While it was solely Japan, North American and European countries on top until the end of the the last century, China and South Korea show strongly increasing figures in the most recent years. In 2006, the historical amount was almost even. Then the Chinese race began. In terms of filings per year, China is already greatly ahead of all other countries and it would not come surprising to see China taking over the first place in terms of total amount of patent filings in 2019.

The European Patent Office (EPO) has already passed most European national offices, only Germany (DPMA) left. With 3.4 millions, PCT filings at WIPO (country code WO) are at a very similar level than EP filings.

Australia (just outside the top 10) and Brazil on position 17 are the only two countries that are not from Europe, North America or Asia.

Source: https://www.patent-pilot.com/en/2019/04/10/patent-applications-per-country/

Blockchain

Ripple CEO files motion to dismiss SEC complaint citing ‘abuse of prosecutorial discretion’

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Ripple CEO Brad Garlinghouse has filed a motion to dismiss the SEC’s amended complaint against him, calling it “regulatory overreach.”

The exec took to Twitter to announce his position on the SEC’s charges against him and Ripple Labs Inc. by sharing a link to the letter filed on his behalf, saying that “it speaks for itself.” According to the said letter, the SEC’s allegations against Garlinghouse fail on account of a number of reasons.

The same, addressed to U.S District Court Judge Analisa Torres, claimed,

“First, the SEC fails to recognize the economic realities of Defendants’ transactions in XRP, the XRP market, and Ripple’s business, each of which exhibits none of the traditional characteristics of an investment contract.”

The motion to dismiss, filed by Cleary Gottlieb Steen and Hamilton, also commented on the SEC’s amended complaint, while also expanding on the regulatory agency personally targeting Garlinghouse for the alleged violation of securities laws.

“Straining to impose personal liability on an executive like Mr. Garlinghouse for simply doing his job where he reasonably understood that his actions complied with the law represents an abuse of prosecutorial discretion that has sent a dangerous signal to entrepreneurs and will chill innovation.”

Garlinghouse was reported to have sold over 60% of his XRP holdings for approximately $159 million at the time of those transactions, leaving him with 200 million XRP tokens. While holding 200 million XRP tokens is a considerably long position, some members of the community feel that Garlinghouse selling a majority of his XRP is disingenuous on his part.

In fact, Ripple’s lawyers have argued that the SEC’s allegations with respect to Garlinghouse’s XRP sales are “vague,” with no particular reference to any of these transactions occurring within the United States.

“The truth is that the vast majority of Mr. Garlinghouse’s XRP sales were made on foreign exchanges, and those transactions do not and cannot violate the federal securities laws,” they asserted.

XRP was trading at $0.4660 at press time, down by over 25% from a high of $0.6338 in February.


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Source: https://ambcrypto.com/ripple-ceo-files-motion-to-dismiss-sec-complaint-citing-abuse-of-prosecutorial-discretion

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Blockchain

Here’s why Bitcoin could be heading towards $45,000

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With Bitcoin‘s price breaching the $50,000-mark over the last 24-36 hours, many believe the world’s largest cryptocurrency has fully recovered from the depreciation that saw BTC drop from over $56,000 to under $47,000. However, it’s worth noting that the dip in Bitcoin’s price also coincided with a surge in Bitcoin’s Open Interest, something that has emerged as somewhat of a trend over the last few market cycles.

With the Open Interest in Bitcoin Futures above $15 million, there is a distinct possibility that this is a bearish signal for Bitcoin’s price. In fact, with the cryptocurrency dropping below $50k at the time of writing, this just seemed all the more likely.

Bitcoin futures open interest signal drop below $45000?

Source: The Block

Based on the chart representing Aggregate Open Interest in Bitcoin Futures, the last time Open Interest hit a high, it was reflected in the price drop, including a drop of nearly 10% in a single day. If something similar happens again, then the price may drop below $45,000, based on the cryptocurrency’s press time price action.

Here, a valuation of $45,000 would be an important psychological level for Bitcoin’s price. Coupled with the fact that BTC’s price has historically dropped in March, nearly every year since 2013, it is likely that the two may have a negative impact on the cryptocurrency’s valuation, recovery from which might even take a month.

It’s also worth noting that Plan B’s S2F and its target for Bitcoin’s price do not have a clear prediction for the number of corrections or dips it will see, before hitting $100,000.

On the contrary, according to a recent tweet by Upstream Data Inc’s Steve, Bitcoin reverses the Cantillon Effect and therefore, we can expect central banks to retreat to a gold standard, then obsolescence, governments to shrink, mass elite insolvency/write-downs, the fracturing of megacorps, and renaissance of small businesses and family wealth.

Though this may be more of a long-term impact of Bitcoin, one or more of these factors may have an impact on Bitcoin’s price in the short-term. Change in the policy of central banks, for instance, or mass elite insolvencies, may lead to a hike in Bitcoin’s price after corrections have mellowed down.

Apart from the S2F model’s predictions and lists of such factors that may positively influence Bitcoin’s price, most predictions are bearish in the short-term. In conclusion, Open Interest, among other factors like transaction volume, demand on spot exchanges, and institutional demand, suggests that the price may drop below $45,000 or lower in the short-term.


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Source: https://ambcrypto.com/heres-why-bitcoin-could-be-heading-towards-45000

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100-artist NFT collaboration sells out in minutes, increases 7X in price in 24 hours

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An NFT made up of 100 individual pieces from 100 different artists has sold out within minutes on the Rarible platform, raising almost $89,000.

Although the sale amount is far from record-breaking, the project is noteworthy in that it is a mass collaboration th has taken shape through an individual non-fungible token, or NFT. 

NFT curator “Loopify” told Cointelegraph the work had been inspired by the current limitations for lesser-known artists to mint and sell their own NFTs such as high gas fees, limited understanding of the tech, and little visibility.

“The main idea behind it was that I chose a lot of artists and they had a huge barrier [minting fees] — this allows them to pursue creating NFTs.”

Minted on NFT platform Rarible, Loopify originally listed 150 editions for 0.3 ETH (approximately $475) each on March 3. Less than 24 hours later the editions have already risen in value by almost 7X, and are changing hands for 2 ETH, with the most expensive edition currently listed at 4 ETH by “Artist.” That’s more than 13 times the original price.

While the identities of all 100 artists are yet to be revealed, Loopify told Cointelegraph that the compilation includes work from Vexx, whose YouTube channel has almost three million subscribers and a quarter of a billion views, adding:

“We do have a couple of big artists and one that is new to NFTs”

The funds raised will be transferred into stablecoin USDC before being distributed equally to the artists. This process allows artists to enter the space and reap the rewards without having to pay gas fees or understand the technology behind NFTs Loopify explained.

Enjin running faster

Enjin, whose team created the ERC-1155 token, or semi-fungible token, is also tackling the gas fee barrier for incoming NFT artists. The project has just announced plans to release a new scaling solution dubbed JumpNet that will use the ERC-1155 token to allow users to mint and port tokens on multiple chains without gas fees.

Enjin CTO Witek Rodmoski explained that, “These technologies will enable developers to reach mainstream users and provide modern experiences without worrying about unpredictable business overhead caused by gas fees,” adding:

“JumpNet is our high-speed bridge network that will allow creators to mass-distribute thousands of NFTs at no cost. Tokens on JumpNet can jump between the Ethereum network or Efinity (our upcoming NFT highway) when it launches later this year.”

Although phase one is due to launch on April 6 and will support the free minting and trading of NFTs on Ethereum, it will not be until the second phase Efinity before the solution will support “assets from *any* blockchain.”

Interest in NFTs has snowballed this week, with Banksy, Grimes, Paris Hilton, and Deadmau5 getting in on the act.

Source: https://cointelegraph.com/news/100-artist-nft-collaboration-sells-out-in-minutes-increases-7x-in-price-in-24-hours

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