Coinbase Wants To Patent BUIDL

According to recent news reports San Francisco-based Coinbase wants to patent the term BUIDL which is a popular term used by blockchain developer community which basically means building more real world use cases for cryptocurrencies or its underlying technology blockchain.

The patent filing was initiated last October 2, 2018 and will be assigned to an examining attorney three months after its application which is around January of 2019.

The term BUIDL is very much like the term HODL which means to hold to cryptocurrencies even if the price of the said asset is plummeting in the hope that it will rise again in the future, in so much as the misspelling of the term.

It is not yet clear why the new Tech unicorn wanted to patent the term as requests for more information of the initiative is still left unanswered at press time.

Only time will tell how Coinbase plans to use it when and if it gets the patent for the said term.

However it seems that the focus of the initiative is to get developers to build applications that utilizes cryptos and distributed ledger technology.

Bitwise Wants To Capitalize On Market Downturn

In a recent press release in December 5, 2018, digital asset manager Bitwise has recently launched two new beta funds for Bitcoin (BTC) and Ethereum (ETH).

According to the press release, these two new products seeks to provide low-cost and liquid means of capturing returns on the said digital assets who has lost 81% and 92% valuation from their all-time highs respectively.

To entice investors towards the new products the funds will not charge premiums, exit fees, impose lock-ups nor charge extra expenses outside the stated management fee.

A still unnamed institutional third-party custodian will be holding the digital assets in cold storage and Bitwise will be providing is customers with K-1 tax documents each year.

According to the global head of research of Bitwise, Matt Hougan, the decision to make the funds came upon the significant inbound demand what was catalyzed by positive development in the crypto space.

These developments include the launching of Bakkt bitcoin futures, Fidelity’s Fidelity Digital Assets and the onboarding of institutional investors such as Yale University and Standford University.

Houbi Acquires Gibraltar Distributed Ledger Technology License

Cryptocurrency news outlets have reported that one of the largest cryptocurrency exchanges in the world, Huobi has recently been awarded the Gibraltar Distributed ledger Technology (DLT) license.

The Singapore-based cryptocurrency exchange seeks to leverage the U.K. territory’s positive regulatory environment which is encouraging the growth of the nascent industry.

With the new DLT license, Huobi plans to launch a new international platform that is designed for both retail and institutional investors.

The new license is said to give Huobi the authority to store and transmit digital assets on behalf of clients worldwide.

According to the head of global international businesss, Lester Haoda Li, the new license will enable them to open doors to more institutional investors who were previously unable or unwilling to get involved in an unregulated sphere.

The said license also pits it against fellow exchange like Binance, Bittrex and Coinbase in serving traders many jurisdictions.

Bitcoin Lightning Network Capacity Quadruples

The second layer solution for Bitcoin, the Bitcoin Lightning Network (LN) has hit crypto-related news once again to mark a new milestone.

It seems that the project is regularly breaking fresh milestone on a weekly and monthly basis.

This is a very good sign for the project and the whole Bitcoin community as this is one of the main solution for one of its top problems, scalability.

According to the online news reports LN topped 4,000 nodes and increases its capacity significantly to over $2 million value of bitcoin.

Despite the bearish trend of bitcoin, its capacity is continuously increasing.

In addition to this, the number of open channels has also continued to rise, breaking the 16,500.

While the numbers are impressive and suggesting a 10,000% growth since its first release it must be noted that LN is still in its very early stage and is officially under testing.

Despite the excitement from the crypto community of bitcoin community there is still risk about the new protocol and its robustness is yet to be 100% confirmed.

However, the cypto community is not waiting, some already suggesting several use cases that seeks to leverage the new development and capability of bitcoin as an instant micropayments platform.

Fully Accredited Blockchain Courses In Australia

No one can deny that Blockchain related skill set is currently one of the hottest requirements of technology employers around the world.

Given the rise of cryptocurrencies as well as other blockchain-related projects use cases, the demand for blockchain professionals has risen exponentially.

To address this need several educational institutions around the world has began offering courses related to blockchain and its use cases, particularly in cryptocurrencies.

One of these initiatives comes from Australia where the first fully accredited blockchain course in the country will be launched soon.

The course was developed by the Australian Institute Blockchain Collective ad titled the Advanced Diploma of Applied Blockchain.

According to the online sources, the course comes with eight modules including six core modules and electives.

The course is recognized and accredited by the Australian Skills Quality Authority (ASQA) and will be available through registered training bodies, intensive learning retreats and online classes.

Since the course is recognized by ASQA made it the first formal and nationally recognized blockchain course in Australia.

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