Crypto prices continue to rise

Crypto prices continue to rise

Throughout today, crypto prices continue to rise. Bitcoin has surpassed $ 9,750, but its evolution has been far outstripped by altcoins.

According to Tradingview.com, Bitcoin’s dominance declined to its lowest level since the beginning of July 2019. The decline to 65.8% occurred amid a resurgence of altcoins, which translates into intense trading activity. Even with the price increases this year, many cryptocurrencies are still at a low level.

According to Livecoinwatch, over 50% of the first twenty crypto assets have lost over 80% of the maximum historical value. These include ETH, XRP, BCH, LTC, EOS, ADA, XLM and TRX.

Report: IBM is the most active US company in the field of blockchain patents

Database Trends and Applications reported that IBM is the company that received the most patents in the United States. With the 9,626 patents obtained, IBM remains the leader of the list for the 27th consecutive year. Of these, 1,800 refer to artificial intelligence, more than 2,500 to cloud technology and over 100 to blockchain.

The review authors examined blockchain-related patents, which were granted from January 2014 to October 2019. They compared those granted by the National Intellectual Property Administration of China and the US Patent and Trademark Office. During this period, China granted 2,218 blockchain patents, compared to 227 by the US.

Bitspark closes despite positive developments

Bitspark, which offers cryptocurrency exchange and transfer services, has announced that it will close on March 4th. The decision was made despite the fact that it reported an exponential growth following the launch of its cash point product. According to the general manager, George Harrap, the Cash Point product has increased by 400% from month to month.

The problems inside the company arose after founder Maxine Ryan decided to leave the company. Launched in 2014, Bitspark has become one of the largest blockchain-based financial services companies for the Asia-Pacific region, serving countries such as Vietnam, the Philippines and Indonesia.

Bitspark achieved an ICO in 2017, launching the Zephyr token (ZEPH) as the basis for a project focused on transferring fiat money on a blockchain.

Lightning Labs gets $ 10 million in funding and launches Loop

Lightning Labs has announced that it has obtained $ 10 million from several investors to develop the network. It also announced the launch of Loop, its first paid service for traders who want to accept bitcoin.

Loop aims to help merchants more effectively manage their payment channels. Lightning payment channels must have bitcoin in them to stay open. This is a problem for those who actually use these channels without a perfectly balanced input and output stream.

“Loop helps people put money into their existing channel … like a prepaid debit card for a Ligthning account,”

said Lightning Labs CEO Elizabeth Stark.

This service, which will charge a small percentage of each complete loop, helps traders and exchanges maintain liquidity in the channels.