Report: ‘Blockchain Is A Rapidly Maturing Technology in China’

Forkast Insights, the research arm of Asia-based Forkast, took an in-depth, comprehensive look at how blockchain technology is integrated in China.

On Dec. 5, Forkast Insights presented its first report on how blockchain is being applied by the Chinese government and companies across the country. According to the report, blockchain technology is rapidly maturing and has a slew of “real-world, practical use cases that are far beyond the experimental stage.”

Forkast Insights included the in-depth analysis and insights from top China-based blockchain insiders, academics, and leaders to see how one of the world’s lar

US SEC Hires In-House Attorney As New Chief Of Cyber Unit

The United States Securities and Exchange Commission (SEC) has hired Kristina Littman as Chief of the Division of Enforcement’s Cyber Unit, a specialized unit that aims to protect investors and markets from cyber-related misconduct. 

Littman’s credentials

On Dec. 2, the SEC announced the new hire. The press release elaborated that Littman started at the SEC’s Division of Enforcement in 2010 as a staff attorney. Since then, she has held several senior attorney positions in the Market Abuse Unit and the Trial Unit.

Since August 2017, she has served as the lead advisor to SEC Chairman Jay C

US and China Battle for Blockchain Dominance

When Chinese President Xi Jinping announced strong support for blockchain technology last month, pundits suggested that China would soon overtake the United States in dominating blockchain innovations. Our patent research at the Blockchain Center of Excellence at the University of Arkansas finds that China is already winning the Intellectual Property arms race against the U.S. 

We examined blockchain-related patents that were granted from January 2014 to October 2019 by China’s patent office, the National Intellectual Property Administration, or CNIPA,

IBM Files A Blockchain Patent For Fighting Package Theft By Drone

IBM has filed for a patent of a system that uses blockchain technology to prevent drone-enabled package theft.

According to a filing published by the United States Patent and Trademark Office (USPTO) on Nov. 12, IBM will track drone altitude using an Internet of Things (IoT) altimeter, while continuously uploading that data to a blockchain secure platform.

Drones might be a thief’s perfect tool

It might become ordinary for drones to be used f

American Citizen Arrested For Educating North Korea On Blockchain And Crypto

Today United States prosecutors announced the arrest of Virgil Griffith, who allegedly traveled to the Democratic People’s Republic of Korea (DPRK) to deliver a presentation on how to use cryptocurrencies and blockchain technology to circumvent sanctions.

According to the November 29 announcement, the 36-year-old Griffith was arrested at the Los Angeles International Airport, and will be charged with conspiring to violate the International Emergency Economic Powers Act (IEEPA). The charges carry a maximum term of 20 years in prison. U.S. Attorney Geoffrey S. Berman state

US Fed Weighs Up Potential CBDC as Countermove Against China

Where just a handful of years ago, the idea would have been immediately dismissed or even met with ridicule, the United States Federal Reserve is now taking the concept of an official dollar stablecoin seriously.

Markets have heard more frequent guidance from the Fed on cryptocurrencies in recent years, and thanks to two curious U.S. representatives — French Hill and Bill Foster — this guidance now includes an enlightening response from Fed Chairman Jay Powell to their letter on a central bank

Missouri Firm Launches New Software For Reporting Crypto Taxes

Missouri-based software maker CryptoTrader.Tax has launched a new product facilitating cryptocurrency tax reporting.

As the 2019 tax year comes to an end, the software is designed to help firms, certified public accountants and professionals counsel their clients about reporting their taxes from crypto in accordance with the tax guidelines set out by the United States Internal Revenue Service (IRS). CryptoTrader.Tax <a href="https://www.prweb.com/releases/cryptocurrency_tax_software_startup_launches_new_product_to

US ICO Scammer Sentenced to 18 Months In Jail

Maksim Zaslavskiy, a computer programmer from Brooklyn and the first person in the United States to be convicted of running a fraudulent initial coin offering (ICO) has been sentenced to a year and a half behind bars.

As Law360 reported on Nov. 18, the Brooklyn businessman received a prison sentence of 18 months for running two scam ICO’s, both of which were advertised as being backed by collateral — diamonds and real estate, respectively — that did not exist. Zaslavskiy pleaded

Presidential Hopeful Andrew Yang Plans to Regulate Crypto Industry

Democratic 2020 presidential candidate Andrew Yang has outlined how he plans to regulate the cryptocurrency industry.

Promise to promote legislation on cryptocurrencies

On Nov. 14, Yang, an entrepreneur, lawyer, philanthropist and a Democratic candidate in the 2020 United States presidential election, wrote in a Nov. 14 blog post on the tech industry that cryptocurrencies experience the levels of fraud that they do because of lack of adequate regulations. He said:

“Other countries, which are a

ConsenSys CSO Seeks to Raise $50M for New Blockchain Investment Fund

An executive at the Ethereum blockchain firm ConsenSys is launching a new blockchain-oriented investment firm, Aligned Capital. Sam Cassatt, the chief strategy officer (CSO) at ConsenSys, announced that the firm will be seeking to raise $50 million for its first fund in an announcement on Nov. 15.

Cassatt, who has been at the firm for five years, will continue to serve as an advisor to ConsenSys while working full-time as a founding managing partner at Aligned Capital.

Apart from blockchain, Aligned Capital will invest in safe AI and innovative healthcare

According to the announcement, Aligned Capital will be investing in three major areas including blockchain and crypto, safe artificial intelligence and inno

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