Chinese blockchain research team at Fudan University has developed a blockchain-based system that will assist in optimizing the power grid of China. The technique that Chinese blockchain research team has developed takes advantage of the ability of blockchain to allow automatic micro-payments. A patent has been filed by the researchers for their new system that they believe will resolve an ordinary issue for small-scale solar power manufacturers in China. In this country, the manufacture and utilization of solar power are mounting. Regrettably, in several cases, surplus energy is wasted. The team had this to state regarding the issue of wasted…

Coinjar, a financial services and cryptography company based in Australia and the United Kingdom, claiming more than $1.2 Billion in virtual currency transactions, announced the launch of first cryptocurrency index fund in Australia. The Coinjar Digital Currency Fund is an index fund for wholesale investors. To be eligible, investors must have net assets of at least AUD $2.5 Million or gross income of at least AUD $250,000 in the previous two years. The minimum contributions of new investors have been set at AUD $50,000, while current investors additional payments of at least AUD $10,000. The fund has two classes; Bitcoin…

According to the documents published by the US Patent and Trademark Office (USPTO) on August 2, Japanese electronics giant Sony has applied for two patents to stimulate blockchain-based ecosystems. With these patents, Sony intends to advance the design and organize the blockchain hardware by bringing in new circuits in the distributed ledger technology processes. The first application, titled “Electronic Node and Method for Distributed Ratio Management”, describes an electronic device to maintain a blockchain based on multiple electronic nodes, including several blocks associated with at least one of the existing blocks. The patent elucidates a scheme to add new blocks…

Coinbase, the leading cryptocurrency trade exchange, earlier this week, declared that it is now functional on the final parts for testing support for ETC (Ethereum Classic). Coinbase, in June, disclosed that it had intentions to include Ethereum Classic to its registered assets with reports to follow and at present, in its most recent update, it has notified the community of a provisional date for the accomplishment of final testing prior to legitimately registering the new asset. In the declaration, Coinbase mentioned, “We anticipate final testing to be finished by August 7, upon which we will declare that we are set…