Chinese Court Freezes $676K in Assets of Bitmain Manufacturing Subsidiary

Chinese Court Freezes $676K in Assets of Bitmain Manufacturing Subsidiary

The Shenzhen Bao’An District Court, China, has ruled to freeze roughly $676,000 in assets of a subsidiary of Bitcoin mining giant Bitmain. The Shenzhen Bao’An District Court in China has ruled to freeze roughly $676,000 in assets of a subsidiary of Bitcoin (BTC) mining giant Bitmain.According to a court filing released on Dec. 13, the Shenzhen Bao’An District Court ordered to freeze 4,718,710.68 yuan ($676,000) of Bitmain’s wholly-owned subsidiary, Shenzhen Century Cloud Core. The…

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Samsung’s Blockchain SSD Patent Could Disrupt Crypto Mining

Samsung’s Blockchain SSD Patent Could Disrupt Crypto Mining

Samsung’s entry into the crypto mining industry could disrupt the entire ecosystem if its latest patent comes to life. Electronics giant Samsung filed for a patent in May 2019 titled, “Programmable Blockchain Solid State Drive and Switch.” Even though few details are known about the newly designed system, a surge in patent applications filed by large corporations on blockchain is clearly visible.Related: Bank of America’s Blockchain Foray: Patent Trolling or Hedging Risks?Patent wars —…

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