Tag Archives: JP Morgan

Update: 62 weird but strangely useful facts about bitcoin

$100 invested in bitcoin in July 2010 is worth about $6M today. For many, it is still unclear if blockchain is a viable alternative currency, an investment or a scheme that has made some people rich.

One Bitcoin today currently equals $7,416.88, up from under $500 over a year ago.

With those multiples you can see why patent and other IP holders are highly interested in the future not only of bitcoin, but other blockchain based crypto-currencies and transaction platforms. If bitcoin, which started it all, is far from perfect, blockchain, the technology that provides its basic infrastructure, can be seen as bitcoin 2.0.

The number of cryptocurrency and blockchain-related patent applications being submitted and published in the US has nearly doubled in 2017, reports Coin Desk.

Data from the US Patent and Trademark Office (USPTO) database indicates that there were 390 patent applications related broadly to blockchain technology published between January and July of this year.

“Overall, this represents a 90% increase compared to the same period in 2016, when 204 applications were sent to the USPTO,” said the publication.

The dataset includes combined keyword search results using terms such as “bitcoin,” “ethereum,” “blockchain” and “distributed ledger,” among others.

Bank of America has been among the most active filers. Three new submissions, initially filed with the USPTO early last year, add to a total of 20 blockchain and cryptocurre

ncy-related patent applications filed by the bank since 2014.

Diversity of Perspective

Not everyone agrees that bitcoin should be greeted with unbridled enthusiasm.

“Right now these crypto things are kind of a novelty,” JP Morgan CEO Jamie Dimon told a CNBC-TVreporter in New Delhi. “People think they’re kind of neat. But the bigger they get, the more governments are going to close them down…”

“It’s creating something out of nothing that to me is worth nothing,” he said. “It will end badly.”

Dimon was concerned that with bitcoin, ethereum and various initial coin offerings (ICOs), there are now cryptocurrencies everywhere. Several nations have even banned bitcoin.

Early Adopters

Despite Dimon’s comments, 69% of banks that participated in an Infosys survey reported that they were experimenting with permissioned or private blockchains, and some governments and an increasing number of companies, including Dell, Microsoft and Expedia accept bitcoin as payment.  The FBI, states the image below developed by a gambling site bitcoinplay.net the developed the image, owns 1.5% of all bitcoins.

Below is an infographic that updates an earlier IPCU post. It’s called “62 Insane Facts About Bitcoin.”

 

Image source: bitcoinplay.net; bitcoin.com

Wall Street to Patents: "We Love You, Man"

IP Cash is King Right Now –

JP Morgan analyst Paul Coster takes a long look at Acacia Research Corporation (NASDAQ: ACTG), a company that barely survived 2003 that Wall Street currently values at $1.5 billion. He generally likes what he sees.

My look at Coster’s 44-page report in the upcoming IAM magazine, out June 1, regards an equity analyst who specializes in computers and peripherals trying to get his arms around a nascent industry built on uncertainty, lumpy returns and unaccustomed to public scrutiny.

*     *     *

Wall Street’s love-hate relationship with IP rights is heating up. It remains to be seen whether this is an enduring marriage, momentary fixation or potentially dangerous obsession.

Is public ownership of patent licensing (or patent defense) an oxymoron? While they are unproven business models, there is good reason to believe that public patent companies will enjoy a symbiotic relationship with each other and can serve as an alternative to some high cost litigation.

For better or worse, some of the smartest underwriting money is bullish on the patent business.

By racking up a critical mass of patent settlements and some forward-looking licenses Acacia has caught the attention of mainstream investors. With the help of Barclays Capital (RPX co-underwriter), the company recently raised another $175 million in a stock offering. (Goldman Sachs and Allen & Co are other RPX backers.)

*     *     *

In an industry that prides itself on the ability to discount almost any type of risk, Wall Street currently finds IP-centric companies such as Microsoft and IBM interesting; those that license patent rights as their primary source of income it finds tantalizing.

The difference is in the financials, especially operating margins, which can be double or higher than those of the average S&P 500 company.

For the JP Morgan report on Acacia, click here. You will have to wait a few weeks for IAM 48 and The Intangible Investor column addressing public ownership of patent licensing.

*     *     *

Acacia CEO Ryan to Speak to Investors

FYI: Acacia Research Corporation Chairman and CEO, Paul Ryan, will discuss the growth of Acacia’s patent licensing business at the JP Morgan 39th Annual Technology, Media and Telecom Conference being held at the Westin Copley Place in Boston. Ryan’s presentation will take place on Wednesday, May 18, 2011 at 9:20 AM (EDT). It will be webcast live at http://www.acaciaresearchgroup.com/events.htm.

Image source: zonebourse.com-Thomson Reuters


%d bloggers like this: