Bitman Subsidiary Has $676,000 Frozen By Chinese Government
The Shenzhen Bao’An District Court in China has ruled to freeze about $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 about 4.7 million yuan of Bitmain’s wholly-owned subsidiary, Shenzhen Century Cloud Core. This ruling follows an application submitted by a manufacturer of electronic components, Dongguan Yongjiang Electronics, on Sept. 24
Venezuelan Government To Pay Petro To Citizens As Christmas Gift
Venezuelan President Nicolás Maduro announced that this week the government will pay half a Petro to Venezuelan retirees and public workers as Christmas bonus. With a total of 4,500,000 retirees and 3,500,000 public workers, Maduro said in a speech in recent days that he expects to deliver half a Petro to more than 8 million Venezuelans this week.
The United Nations Is Looking To Blockchain To Help Poor Workers
Blockchain financial services firm Diginex and the United Nations-led International Organization for Migration (IOM) have launched a blockchain tool looking to prevent the exploitation of migrant workers in Hong Kong. According to a Diginex press release the tool was designed to be used by about 1,500 Hong Kong-based migrant domestic worker recruitment agencies and some associated agencies in worker-sending countries.
Algorand The Decentralized Blockchain Network Is Going Through An Upgrade
Algorand, which is a decentralized blockchain network developed by the American blockchain firm, is expected to upgrade to version 2.0.2 today. The upcoming network upgrade is poised to increase the amount of time for nodes to upgrade to new consensus versions after voting thresholds have been met. As announced, the primary cause for the upgrade is to change the length of the upgrade-required window from 10,000 blocks to 140,000 blocks, which is expected to extend the time for node upgrades from 12 hours to seven days.
New Moves In The World Of Blockchain And Gaming
The United States transnational IT firm Advanced Micro Devices (AMD) has joined the Blockchain Game Alliance and forged two new partnerships to help advance the technology’s use in the industry. A recent press release stated that the chip manufacturing giant is partnering with blockchain technology providers Robot Cache and ULTRA — both of whom are working to develop and operate blockchain-based online gaming marketplaces.