Samsung Files Cryptocurrency Related Trademark
- Shortly after dismissing the Galaxy S10 cold storage wallet reports as “rumours and speculation”, the South Korean giant has apparently filed a cryptocurrency wallet trademark application in the United Kingdom.
- The trademark follows three other crypto-related filings in the European Union for “Blockchain key box”, “Blockchain core” and “Blockchain KeyStore”.
Shortly after dismissing the Galaxy S10 cold storage wallet reports as “rumours and speculation”, the South Korean giant has apparently filed a cryptocurrency wallet trademark application in the United Kingdom.
The “Classes and Terms” section includes:
“Smartphones; Tablet computers; Portable computers; Mobile telephones; Computer software; Computer software for use as a cryptocurrency wallet; Computer software for cryptocurrency transfer and payment using blockchain technology; Computer application software for smartphones, namely, software to allow users to transfer cryptocurrency based on blockchain technology and pay via 3rd party’s application software.”
The trademark follows three other crypto-related filings in the European Union for “Blockchain key box”, “Blockchain core” and “Blockchain KeyStore”.
This is yet another piece of news that showcases Samsung’s ambitions to conquer specific niches in the cryptocurrency market. This new development, in addition to their September deal with bitcoin mining company Squire for ASIC chip manufacturing does hint towards a level of confidence that the cryptocurrency market will remain lucrative for years to come.
- Coinbase’s Base blockchain was made available to the public on Wednesday, featuring over 100 dApps and services as part of its ecosystem.
- In order to show its capabilities and promote its mainnet partners, Base has also launched an event called “Onchain Summer” that will allow users to mint exclusive NFTs on the network.
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- The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against trading platform eToro over its contract for difference (CFD) product.
- The regulator claimed the product’s target market was too broad, and that eToro used insufficient screening tests when offering the leveraged derivative contracts to retail users.
- The current chaotic payroll system, marked by inefficiency and delays, stands to be completely overhauled through the use of blockchain technology.
- While blockchain might not take over all computing as some claim, it definitely has clear benefits in certain scenarios, and payroll management is one of them.