Site icon Icarus Signals. The home of economic insight

Coinbase Becomes a Founding Member of Square’s Crypto Patent Group

The Cryptocurrency Open Patent Alliance, or COPA, headed up by finance company Square, recently picked up Coinbase as a cornerstone participant. Square unveiled the group in September as a method of warding off patent overreach — an issue that has been known to limit technological advancement.

Coinbase senior counsel and COPA board member Brittany Cuthbert said in a public statement from the alliance on Friday:

“As the crypto economy continues to grow, we believe it is important to help empower all projects building towards an open financial system. […] We look forward to working alongside the members of COPA to create a foundational patent shield for our industry.” Read more…..

Chart of the Day

Icarus TV

Owned by the world’s largest cruise company, Carnival Corporation, the Ruby Princess was one of a fleet of cruise ships operating as the pandemic gathered speed. The company was well aware of the risks. Only five weeks earlier its sister ship, the Diamond Princess, created world headlines when its passengers were trapped on board as the virus spread.

Exit mobile version