On December 5 the U.S. Patent and Trademark Office (USPTO) granted the financial institution Bank of America a patent to build a cryptocurrency exchange. The patent’s summary describes three types of accounts within the platform’s system. The first account is for customers to store their digital funds. The second and third accounts operated by the business are called “float accounts” which allow quick digital asset swaps from behind the scenes similar to a centralized Shapeshift concept.
The Internet of Things was top of mind both for investors and startups in 2017, as companies including Cisco and Intel continued to invest in IoT startups spanning industrial IoT, IoT security and other areas.