Mastercard Patents Blockchain-based Coupon Authentication System

Credit card giant Mastercard has been awarded patent by the US Patent & Trademark Office (USPTO) on May 31 for a Blockchain-powered system or platform for authenticating coupons.

This will enable merchants limit coupon fraud and add to its capability for targeted discounts to specific consumers. This particular patent was filed November of 2016.

One possible application of this system is a user being assigned a unique blockchain address that is associated with her or her credential.

The address will be the unique identifier of the user and will use credential associated with it for verification and authorization of certain transaction such as redeeming of coupons.

It is clear that the main aim of this platform his to help merchant prevent coupon fraud allowing them to issue more valuable coupons to its customers with the assurance that the discounts could not be counterfeited or claimed by unauthorized participants.

Binance’s $1 Billion Venture Capital Fund

One of the world’s largest cryptocurrency exchange is said to be launching a $1 billion Venture Capital Fund designed to help upstart Blockchain companies.

The head of Binance Labs, Ella Zhang, has announced the funds this week at an online meetup in which she explains that the venture will invest directly to Blockchain projects as well as to other Blockchain funds.

One of the first projects it plans to invest in to is a new Blockchain-based ride-hailing app created by Weixing Chen the founder of Kuaidi Dache.

It will also seek out about 20 other funds to invest in that have at least $100 million under its management.

Binance is widely considered as the largest cryptocurrency exchange in terms of daily volume which is about $1.6 Billion.

Coins.ph 5 millions Customers Milestone

The leading cryptocurrency wallet in the Philippines, Coins.ph, has announced that they have reached 5 million users on its block-chained powered platform in since its founding more than 4 years ago.

Ron Hosem, founder and CEO of Coins.ph attributed their success in its relentless focus on creating financial inclusion to all Filipinos and providing them with a wide array of financial services that requires no bank account.

Leveraging Blockchain technology early on, the company enable its customer to make fast, secure and low cost cross-border payments.

Recently, in response to customer’s demand for additional Blockchain-based services it has added support for Ethereum (ETH) with the possibility of supporting smart contract based financial services. Bitcoin Cash (BCH) support is next in line in an effort to support lower cost Blockchain based payments.

Bitcoin Bull Reveals His 239% Crypto Profit Making Tip

Dan Morehead, CEO of Pantera capital and co-Chief investment officer, reveals that we might have seen the bottom for the year therefore it is a good time to invest in cryptocurrencies in general not only bitcoin.

The secret is to buy bitcoin after it breaks 230-day moving average and after a year without doing really anything will make you around 239% profit.

This has happened 5 times in the last 6 years for bitcoin.

Dan also tackled the issue of SEC-approved custodian regulations saying that institutions are essentially buying the rumor of potential SEC regulations and selling the fact.

They are getting their positions now before the institutional, quality-regulated custodians come online.

Morehead founded Panter Capital Management in 2013 one of the first hedge funds to handle bitcoins.

It has 35 pre-auction ICO’s and handles over 25 blockchain based currencies.

Huobi To Launch ETF

Huobi is said to be launching a crypto-based exchange-traded fund (ETF), an investment option that will allow retail investors to gain exposure to a specially selected assets instead of just one digital asset.

The investment option will be called HB10 and currently is open for subscription through cryptocurrency purchases.

The company said that it will be very similar to Huobi 10 Index which tracks 10 different assets in real time, based on their market capitalization and liquidity.

The new financial instrument is said to help retail investors diversify risk and give them exposure to major cryptocurrency assets. US residents not yet allowed to invest in the said ETF due to U.S. regulatory uncertainties.

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