ChainCatcher news, according to The Block, the stock price of South Korean payment giant KakaoPay has surged over 200% in the past month, mainly benefiting from the rising expectations of its entry into the stablecoin sector. According to Google Finance data, the company's stock price has risen from 30,800 KRW (approximately $22.25) on May 23 to the current 94,700 KRW (approximately $68.6), and it increased by 17.3% in early trading on Monday.Reports indicate that KakaoPay has submitted six patent applications related to stablecoins, including PKRW, KKRW, KRWP, covering services such as crypto transfers, brokerage, electronic payments, and token issuance. Previously, newly elected South Korean President Lee Jae-myung promised to promote the issuance of a won stablecoin in collaboration with the private sector, further boosting market expectations.According to South Korean media ZDNET Korea, KakaoPay stated that the patent applications aim to prepare for potential regulatory changes and will continue to monitor policy developments.

ChainCatcher news, according to The Block, Uniswap responded that the lawsuit is "baseless," emphasizing that its protocol code has been publicly available for a long time, and condemned the move as an interference with the momentum of DeFi development. Bancor's actions have sparked controversy on social media, being criticized as "against the spirit of Web3." Uniswap CEO Hayden Adams also mocked the lawsuit in a post, calling it "not worth mentioning."Previous news, Bancor sued Uniswap for infringing its DEX smart contract technology patent.

ChainCatcher news, according to The Block, the developers behind Bancor have filed a patent infringement lawsuit against Uniswap Labs and the Uniswap Foundation, accusing them of illegally using its underlying decentralized trading platform technology.The lawsuit was filed by the nonprofit organization Bprotocol Foundation, which supports the development of the Bancor protocol, and Bancor's original developer LocalCoin Ltd. The lawsuit has been submitted to the U.S. District Court for the Southern District of New York, alleging that the Uniswap protocol is built on Bancor's patented Constant Product Automated Market Maker (CPAMM) infrastructure.Bancor invented the CPAMM model in 2016 and developed a mechanism for permissionless on-chain trading supported by smart contracts. The protocol published its white paper in 2017 and submitted a U.S. patent application. Bancor was granted two patents that same year and launched the first CPAMM-based DEX.The lawsuit claims that the original protocol launched by Uniswap in November 2018 used the same CPAMM design without authorization. Bancor accuses Uniswap of deploying its intellectual property without consent, thereby "profiting unfairly."

ChainCatcher news, according to Cointelegraph, a company that sells smartwatch face designs through NFTs has filed a lawsuit against luxury giant LVMH, accusing it of patent infringement.In a complaint filed on March 10 in a federal court in Texas, Watch Skins Corporation accused LVMH of stealing its "groundbreaking NFT display technology." Watch Skins claims to have developed a unique system that allows users to showcase verified NFT artworks on smartwatches and holds multiple patents related to the technology.The company states that a smartwatch from LVMH's TAG Heuer brand, as well as products from other brands within the group, illegally utilized NFT display technology based on three patents owned by Watch Skins.Watch Skins is seeking a jury trial and demands compensation for lost profits and royalties due to the infringement, while also requesting the court to issue an injunction to prevent LVMH from further using its patented technology. The company announced the launch of the world's first blockchain NFT watch face marketplace at the 2020 Consumer Electronics Show (CES) in Las Vegas. At that time, Watch Skins stated that the mobile application provided consumers with the ability to "purchase officially licensed smartwatch faces from their favorite brands."

ChainCatcher news, according to Coingape, Bank of America is using XRP for internal transactions and has filed 83 patents related to XRP.In an interview with FOX Business, Sound Planning Group CEO David Stryzewski revealed that Bank of America has integrated XRP into 100% of its internal transactions, and the bank has also applied for 83 patents around Ripple, making its native token a fundamental component of future finance.

ChainCatcher news, according to Financial界, WeBank has applied for a patent related to blockchain node consensus, aiming to improve the consensus efficiency of blockchain systems. The patent is titled "Node Consensus Method, Device, Equipment and Medium in Blockchain System," with publication number CN 119172383 A, and the application date is September 2024.The patent abstract shows that each node locally stores the corresponding node transaction chain list, and the batch package in any node's transaction chain list is packaged after meeting preset requirements based on voting information. Thus, the consensus master node only needs to determine the last batch package that meets the requirements, significantly improving packaging efficiency without the need for consensus on each transaction, thereby optimizing the node consensus process.

ChainCatcher news, according to a report by the Financial界, the National Intellectual Property Administration's information shows that Nokia Technologies Limited has applied for a patent titled "Device Method and Computer Program," with publication number CN 119155674 A, and the application date is June 2024.The patent abstract indicates that it provides a device, method, and computer program for use in user devices to perform the following: encrypt digital assets using a first key to form encrypted digital assets; provide the encrypted digital assets and an index for the encrypted digital assets to a first network function; and provide an identifier for the encrypted digital assets to a first entity.

ChainCatcher news, the cryptocurrency advocacy organization "Cryptocurrency Open Patent Alliance" (COPA) and the patent-focused organization "Unified Patents" have launched a campaign against "patent trolls" in the blockchain and cryptocurrency technology space.In a blog post on October 1, COPA stated that the partners initiated the "BlockchainZone" initiative aimed at combating patents controlled by non-practicing entities (NPEs), covering a range of technologies including non-fungible tokens (NFTs), wallets, and smart contracts.COPA indicated that the collaboration aims to protect blockchain companies and developers from the "unreasonable and exorbitant" legal claims of patent trolls (NPEs), who leverage the high costs of court litigation to negotiate settlements.

ChainCatcher news, according to Cointelegraph, automotive giant Ford and Toyota applied for a total of 43 blockchain-related patents in the second quarter of this year. Among them, Ford's patent applications increased from 3 in the first quarter to 14 in the second quarter, while Toyota's applications rose from 25 in the first quarter to 29 in the second quarter. The patents include introducing smart contracts into vehicle management, establishing blockchain systems for managing vehicle NFTs, and more.

ChainCatcher news, according to Coinpost, The Pokémon Company has obtained a patent related to distributed ledger and NFTs. It is reported that the patent application date was October 27, 2022, and the official approval registration date is June 25, 2024.According to the application content, the goal of the patent is to "preserve players' emotional connection to cards in digital TCGs (trading card games)." Through the NFT platform, users can freely trade and exchange cards used to build decks or collections, which will help increase trading volume and may also generate corresponding transaction fee revenue.In addition, the patent application also mentions that players can receive a certain "reward" based on the battle results in the game or by meeting specific conditions.

ChainCatcher news, the Japanese intellectual property platform J-PlatPat shows that the well-known anime and game IP "Pokémon" has completed a patent application regarding distributed ledger and NFTs by the company Pokémon.It is reported that Pokémon is the main company managing and operating the "Pokémon" IP, which was jointly established by Nintendo, Game Freak, and Creatures.

ChainCatcher news, the DeFi Education Fund (DEF) reached an agreement with True Return Systems (TRS) on Monday to purchase a patent for oracle-like technology. This controversial patent is at the center of two lawsuits against MakerDAO and Compound. DEF declined to disclose the settlement amount, citing that the negotiations are of a "confidential" nature.According to DEF, TRS sued MakerDAO and Compound in 2022 for using oracle-like technology, claiming to own "a method and system for separating the storage and processing of computerized ledgers to improve functionality." However, the advocacy organization and the lawyers for both protocols have disputed these allegations, stating that the scope of the patent litigation is overly broad.DEF stated that it plans to make the patent available to the public, meaning that each protocol will have the legal right to use the oracle-like technology mentioned in its intellectual property documents.

ChainCatcher news, according to Jinshi reports, based on the latest list published by the United States Patent and Trademark Office (USPTO), Apple has obtained a communication patent that allows users nearby with Apple devices such as iPhone and AirPods to voice chat without relying on Wi-Fi or cellular networks.

ChainCatcher news, on July 5, 2024, the Wudang Branch of the Guiyang Public Security Bureau issued a "Notice of Termination of Patent Technology Services for Crimes Involving Virtual Currency," with the reason for project termination being that the supplier's commitment letter was not stamped with an official seal.The project content includes the "Dandelion Organization Leadership Pyramid Scheme," which involves analyzing criminal behavior and profiles related to nearly 10T+ data addresses and over 2.5 billion account relationships on public chains such as Ethereum and Tron. It requires secure blockchain data collection for Ethereum and Tron, splitting blockchain data fields, obtaining valid wallet addresses from massive amounts of addresses, locating the flow of funds, identifying fund retention, and determining transaction relationships. Additionally, it needs to have extensive data labeling analysis capabilities, overseas exchange address recognition capabilities, and services for verifying overseas exchanges. The project funding is 9.5 million RMB.

ChainCatcher news, Yuga Labs co-founder Garga.eth posted on social media: "Sharing some latest news: In order to better align with the spirit that initially led to our success and to enable builders and creators to access democratically, we have decided to donate these patents to the open-source community.Some of the patent applications were submitted under the previous leadership team at Yuga, and some have now been approved. The first of these patents will be announced later this week, and the donation should be completed soon."

ChainCatcher news, the Ethereum Name Service (ENS) tweeted that it has applied to the United States Patent and Trademark Office, questioning the validity of the patent obtained by Unstoppable Domains for the open-source technology developed by ENS Labs.ENS stated that Unstoppable Domains' patent application for ENS technology is an act of theft, and that it refuses to open-source the patent or make any irrevocable commitments.

ChainCatcher news, according to a report by Financial界, the National Intellectual Property Administration announced that Tencent Technology (Shenzhen) Co., Ltd. has applied for a patent named "Blockchain Transaction Packaging Method, Device, Equipment, Storage Medium and Program Product," with publication number CN117609361A, and the application date is October 2023.

ChainCatcher news, "Satoshi Nakamoto" Craig Wright has proposed a settlement to the Crypto Open Patent Alliance (COPC) and the parties involved in the upcoming intellectual property litigation.Craig Wright stated that the primary focus of the previous legal proceedings was not to reveal his identity as Satoshi Nakamoto, but to ensure that Bitcoin remains true to its core principles.It is reported that Craig Wright has agreed to waive his database rights and copyrights in BTC, BCH, and ABC, and that this settlement proposal aims to preserve the integrity of the Bitcoin system as it was initially developed, while limiting unnecessary costs of lengthy trials in the High Court for all parties involved. The effective time for the agreement is 7 days.

ChainCatcher news, Circle announces the acquisition of a patent for parallel block processing on the blockchain. The patent was developed by its Engineering Director Marcus Boorstin, allowing for the simultaneous processing of multiple pieces of information while still serially validating blocks.

ChainCatcher news, according to Blockworks, based on a recently published series of patent applications, the Layer2 and NFT sectors seem to be the focus of PayPal's R&D efforts.Since September 21, PayPal has published three patent applications:One of the patent applications proposes a so-called new "method and system" to facilitate off-chain transactions through the NFT market.Another application mentions the concept of a "metaverse," suggesting a product that handles multiple metaverses. PayPal states that it has developed an "online transaction processor" that can provide recommendations on which digital assets users should purchase based on their blockchain preferences and the metaverses they interact with most frequently.The third application describes another conceptual "online transaction processor." The goal of this processor is to facilitate payments between users and merchants operating on different network layers (L1 and L2) in a more efficient manner.