Singapore aims to reduce processing time for blockchain-based fintech patents, Chilean courts order reopening of exchange-owned bank accounts, top 5 cryptocurrency price changes, and more!
Singapore Aims To Reduce Processing Time For Blockchain-Based Fintech Patents
Singapore’s Intellectual Property Office has announced it will expedite the patent-granting process for blockchain-based fintech-related applications. According to CoinDesk, the office is aiming to reduce the approval time from two years to six months. The office wrote in a statement, “The incorporation of blockchain technology to improve the security and efficiency of clearing and settlement across borders for transaction and payment is deemed as a Fintech invention.”
Chilean Courts Order Reopening Of Bank Accounts Belonging To Cryptocurrency Exchanges
Chile’s appeals court has ordered the reopening of the bank accounts belonging to the Buda, Orionx, and CryptoMarket cryptocurrency exchanges. According to Bitcoinist.com, the bank accounts were registered with Itau Corpbanca, Bank of Nova Scotia, and state-owned Banco del Estado de Chile.
AMD and NVIDIA Reports Higher-Than-Usual Earnings Due To Demand From Cryptocurrency Miners
Revenue for AMD and NVIDIA, producers of high-powered graphics card, both reported higher-than-usual revenues this part quarter due to demand from cryptocurrency miners. According to NewsBTC.com, AMD has yet to express support for the cryptocurrency industry. Demand for graphic cards has also increased from traditional computer gamers.
Swiss Cryptocurrency Owner Loses Ledger Wallet Containing USD 815,000 Worth of Cryptocurrency
A Swiss cryptocurrency owner lost a shopping bag containing his Ledger hardware wallet. According to The Merkle, the victim’s lost wallet has approximately USD 815,000 stored on it. The police are searching for the wallet, and the owner has offered a 40,000 Swiss franc reward for anyone who recovers it.