Raybo Technology, a Tron Foundation partner in China related to cryptocurrency Tron, had filed for Tron trademark registration in the United States, but was rejected by Disney's opposition.
Initially, in 2018, the company applied for registration of three trademarks, TRON, TRONNETWORK, and TRONIX, but a major mass media company, Disney, had filed an opposition as a trademark infringement.
After the Tron Foundation failed to respond to Disney's claims, the United States Patent and Trademark Office (USPTO) adopted Disney's opinion and rejected the trademark application.
Disney released a science fiction movie called “TRON (Tron)” in 1982, with a focus on it, including the sequel movie “TRON Legacy”, as well as various TV anime, video games, music, etc. Products are being rolled out.
Compounding this problem is the fact that both companies have capitalized all alphabets as "TRON". Disney accused the Tron Foundation's notation of this notation as closely resembling its own "TRON" mark.
12/18/2019
Chinese digital renminbi will start testing in Shenzhen later this year
The Chinese economic magazine reported that the trial operation of the digital currency (digital renminbi) developed by the People's Bank of China, the central bank of China, is expected to take place in Shenzhen and Suzhou. The four major state-owned banks in China (China Industrial and Commercial Bank, China Agricultural Bank, China Bank, China Construction Bank) and 3 major carriers (China Mobile, China Unicom, China Telecom) will participate in the pilots led by the People's Bank. Prospect.
An official involved in the trial operation said, “We will conduct a small-scale operation in Shenzhen at the end of this year and expand it throughout Shenzhen next year.
In Shenzhen, IT companies representing China, such as Huawei and Tencent, are gathering, and social implementation of blockchain is also progressing in the public sector. In addition, the central bank established Fintech startup as a wholly-owned subsidiary in 2018. In November this year, the People's Bank Digital Currency Research Institute and Huawei signed a memorandum of cooperation for FinTech research.
In addition to Shenzhen, a fintech company co-founded by the People's Bank and Suzhou City is recruiting blockchain personnel, and Suzhou City is also considered a potential candidate for trial operation.
The People's Bank began researching digital currency in 2014, and according to media reports, a department was established at the end of 2018 to prevent tampering and counterfeiting of digital currency within the central bank's money and silver bureau. In addition, it is said that the establishment of standards related to digital currency and cooperation with payment systems are progressing at the same time.
An official involved in the trial operation said, “We will conduct a small-scale operation in Shenzhen at the end of this year and expand it throughout Shenzhen next year.
In Shenzhen, IT companies representing China, such as Huawei and Tencent, are gathering, and social implementation of blockchain is also progressing in the public sector. In addition, the central bank established Fintech startup as a wholly-owned subsidiary in 2018. In November this year, the People's Bank Digital Currency Research Institute and Huawei signed a memorandum of cooperation for FinTech research.
In addition to Shenzhen, a fintech company co-founded by the People's Bank and Suzhou City is recruiting blockchain personnel, and Suzhou City is also considered a potential candidate for trial operation.
The People's Bank began researching digital currency in 2014, and according to media reports, a department was established at the end of 2018 to prevent tampering and counterfeiting of digital currency within the central bank's money and silver bureau. In addition, it is said that the establishment of standards related to digital currency and cooperation with payment systems are progressing at the same time.
Coinfloor, The Britain's oldest cryptocurrency exchange delisted Ethereum
Coinfloor, the first crypto exchange in the UK, established in 2013, announced the delisting of Ethereum (ETH) on December 17. After January 3, 2020, the exchange will stop depositing and selling ETH. Although ETH withdrawals will be accepted after the due date, the administration fee will be raised.
January 3, 2020 is the 11th anniversary of Bitcoin (BTC) Genesis Block generation. From the same day, Coinfloor will use only Bitcoin as the virtual currency to handle, and will support the development of the ecosystem.
Regarding the delisting of ETH, Coinfloor CEO Obi Nwosu pointed out altcoin brand recognition and industry support issues while raising the maturity of the BTC market. “The focus on BTC is a reasonable decision,” he said.
January 3, 2020 is the 11th anniversary of Bitcoin (BTC) Genesis Block generation. From the same day, Coinfloor will use only Bitcoin as the virtual currency to handle, and will support the development of the ecosystem.
Regarding the delisting of ETH, Coinfloor CEO Obi Nwosu pointed out altcoin brand recognition and industry support issues while raising the maturity of the BTC market. “The focus on BTC is a reasonable decision,” he said.
Bitcoin will be 60K dollars in May 2020. A German bank calculates the right price
In a report, the Bavarian State Bank claims that Bitcoin is in common with gold in that it can “mine only a limited amount”. Applying the “stock / flow ratio” used to calculate the appropriate price of gold to Bitcoin, the appropriate price is calculated from “current distribution volume (stock)” and “future mining volume (flow)” did.
Bitcoin has a maximum supply of 21 million BTC from the beginning, and once every four years, it reaches a “half-life” in which the amount of rewards obtained by mining is halved. The report analyzed the impact of the bitcoin half-life in May 2020 on the stock-flow ratio, and then calculated a reasonable price of $ 90,000.
The report stressed that even if the price of gold rises, the stock will not increase if the price of Bitcoin rises, so that there will be no significant increase in production that will lead to a pressure to push down prices. He explained that while it took thousands of years for the gold stock flow ratio to rise to the current level, cryptocurrency increased at a much faster rate. It was concluded that in May 2020, it reached a value comparable to the gold ratio, and then became more valuable than gold.
Bitcoin has a maximum supply of 21 million BTC from the beginning, and once every four years, it reaches a “half-life” in which the amount of rewards obtained by mining is halved. The report analyzed the impact of the bitcoin half-life in May 2020 on the stock-flow ratio, and then calculated a reasonable price of $ 90,000.
The report stressed that even if the price of gold rises, the stock will not increase if the price of Bitcoin rises, so that there will be no significant increase in production that will lead to a pressure to push down prices. He explained that while it took thousands of years for the gold stock flow ratio to rise to the current level, cryptocurrency increased at a much faster rate. It was concluded that in May 2020, it reached a value comparable to the gold ratio, and then became more valuable than gold.
What's Ripple
Ripple is an instant gross payment system and a foreign exchange and remittance network using distributed ledger technology developed by Ripple Labs Inc. An open source Internet protocol that uses consensus leisure and a native currency called XRP is called the Ripple Transaction Protocol (RTXP) or Ripple Protocol.
Ripple development was started in 2004 by Ryan Fugger, a Canadian web developer. The consensus leisure that was later developed by Arthur Britto, David Schwartz, etc. using bitcoin technology was integrated. The project command has been transferred from Ryan Fugger to Ripple Labs Inc. (formerly OpenCoin Inc.), and development continues as the Ripple Transaction Protocol (RTXP). Ripple uses distributed ledger technology, just like Bitcoin, but detects double payments with its own consensus system rather than a proof-of-work system. This overcomes problems such as scalability and power consumption, which are fatal weaknesses of Bitcoin, and the settlement that took about 10 minutes on average in Bitcoin can be done in a few seconds in Ripple.
Ripple Labs Inc. is developing an interledger protocol that is being standardized by the World Wide Web Consortium, and will be integrated into Ripple
Ripple development was started in 2004 by Ryan Fugger, a Canadian web developer. The consensus leisure that was later developed by Arthur Britto, David Schwartz, etc. using bitcoin technology was integrated. The project command has been transferred from Ryan Fugger to Ripple Labs Inc. (formerly OpenCoin Inc.), and development continues as the Ripple Transaction Protocol (RTXP). Ripple uses distributed ledger technology, just like Bitcoin, but detects double payments with its own consensus system rather than a proof-of-work system. This overcomes problems such as scalability and power consumption, which are fatal weaknesses of Bitcoin, and the settlement that took about 10 minutes on average in Bitcoin can be done in a few seconds in Ripple.
Ripple Labs Inc. is developing an interledger protocol that is being standardized by the World Wide Web Consortium, and will be integrated into Ripple
What's Bitcoin
Bitcoin was launched in 2009 based on a paper submitted by a person who named Satoshi Nakamoto.
The bitcoin system is operated by a peer-to-peer type computer network, and transactions (bitcoin ownership transfer: transactions) are performed directly between users without an intermediary. This transaction is verified by nodes participating in the network and recorded in a public distributed ledger called a block chain. Transactions use bitcoin as the currency unit. Because the system operates without a central storage server or single administrator, the US Treasury classifies Bitcoin into the category of decentralized virtual currencies. Bitcoin is also said to be the first
cryptocurrency, but there are predecessor systems such as DigiCash and Ripple, and it is more accurate to describe it as the first decentralized digital currency.
Bitcoin is newly issued in the form of a reward for transaction processing work, and the transaction is verified and recorded in the public ledger by the users providing computing power. This transaction verification / recording operation is called mining, and the miner receives the transaction fee and newly issued bitcoin as a reward. While Bitcoin is obtained through mining, it can be received, purchased, or exchanged for other currencies, goods or services. When sending bitcoins, the user can pay the miner any amount of transaction fees.
Bitcoin allows for extremely low cost payments (and micropayments) with an average waiting time of around 10 minutes without a power agency or special issuer. The movement of money from one node to another takes place in a digitally signed transaction and is broadcast to all nodes in the peer-to-peer network. Proof-of-work systems are used for initial currency distribution and detection of double payments.
The bitcoin system is operated by a peer-to-peer type computer network, and transactions (bitcoin ownership transfer: transactions) are performed directly between users without an intermediary. This transaction is verified by nodes participating in the network and recorded in a public distributed ledger called a block chain. Transactions use bitcoin as the currency unit. Because the system operates without a central storage server or single administrator, the US Treasury classifies Bitcoin into the category of decentralized virtual currencies. Bitcoin is also said to be the first
cryptocurrency, but there are predecessor systems such as DigiCash and Ripple, and it is more accurate to describe it as the first decentralized digital currency.
Bitcoin is newly issued in the form of a reward for transaction processing work, and the transaction is verified and recorded in the public ledger by the users providing computing power. This transaction verification / recording operation is called mining, and the miner receives the transaction fee and newly issued bitcoin as a reward. While Bitcoin is obtained through mining, it can be received, purchased, or exchanged for other currencies, goods or services. When sending bitcoins, the user can pay the miner any amount of transaction fees.
Bitcoin allows for extremely low cost payments (and micropayments) with an average waiting time of around 10 minutes without a power agency or special issuer. The movement of money from one node to another takes place in a digitally signed transaction and is broadcast to all nodes in the peer-to-peer network. Proof-of-work systems are used for initial currency distribution and detection of double payments.
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