BTCUSD Shorts went parabolic yesterday; it was, and currently stands as, the single largest intraday increase in shorts the community has ever seen. Interestingly enough, though shorts were dominant, the price of $BTC has been entirely unaffected 🙌.
In other news, a recent research study, conducted by WIPO data, shows that while China is overtly strict against decentralized cryptocurrencies, it is wildly accepting of its underlying technology: Blockchain.
The research study found that Chinese e-commerce juggernaut Alibaba and U.S. tech company IBM currently rank first and second, respectively, in terms of Blockchain technology patents filed. Alibaba has 90 filed patents whereas IBM has 89. 🎉
To illustrate the support China has for Blockchain technology, it is important to note that the most number of Blockchain-related patents filed in 2017 came from China, with 225 filed patents during that year alone. China’s 225 filed patents dwarfs that of the United States, which came in second with a mere 91 filed patents. Australia is in a distant, yet respectable, third, totaling 13 filed patents in 2017.
This information was made public on August 31st. The contents of the research occurred through the month of August, 2018, and involved data collection from China, the EU, America, Japan, South Korea, and the International Patent System from the World Intellectual Property Organization.