Microsoft is entitled to apply for and be granted a patent for a first claim (claim 1) to use human body activity associated with a task provided to a user for a mining process of a cryptocurrency system. According to the International Application Status Report of the filing, first made in Ju...
The People’s Bank of China (PBoC) has reportedly finished the first-technical-step of developing its sovereign digital currency. Yet, the launch date is still vague; now the central bank needs to come up with relevant laws for its circulation, and that can take even more time. An anonym...
In recent Chinese cryptocurrency news: major Chinese miner manufacturers gradually resume business as coronavirus gets controlled; Huobi and Binance distance themselves from the Steem scandal amid community backlash; A university in Chengdu is about to launch the nation’s first blockchain e...
A job opening posted by the U.S. Office of the Director of National Intelligence has given a hint at possible threats to the USD's domineering status as the most used world reserve currency. They include the mention of China and India for their large growing economies that could compete...
China’s social media giant Tencent is planning to set up a cryptocurrency research team in response to the country’s push for digital currency, according to an internal notice the firm circulated on December 23. The team will be responsible for the promotions of digital currency researc...
Chinese police has recently busted another major cryptocurrency scam called CloudToken, with 72 suspects arrested and 30 million yuan (over $4 million) involved. According to local police in Taiyuan, the capital and largest city of Shanxi province in Northern China, they have arrested a g...
After five long years, the Internal Revenue Service (IRS) in the U.S. finally decided to release additional guidelines in October 2019 regarding crypto taxes. While the guidelines have brought some measure of relief by clearing up some important ambiguities, many say they’ve left more ...
China has launched a nationwide crackdown on cryptocurrency as crypto-related illegal activities in the country go rampant again alongside the increasing speculation following the country’s president Xi Jinping’s great push for blockchain adoption. The clampdown effort since 2017 has led to...
China’s ambition of cracking down on illegal activities involving cryptocurrency has reinvigorated as crypto-related illegal activities in the country go rampant again alongside the increasing speculation. Following Shanghai’s move to investigate local cryptocurrency marketplace, China’s t...
China is looking to crack down on cryptocurrency trading again as they notice the speculative fever returns following president Xi Jinping’s laud for blockchain technology. Of late, financial regulators in Shanghai has issued a notice to combat illegal cryptocurrency trade in the region. I...
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