Tether Claims to Be Okay With Merger of Class-Action Lawsuits Against It

Tether says it did not deny prosecutors’ request to consolidate three lawsuits the stablecoin and its sister exchange Bitfinex are facing. Currently facing multiple lawsuits, cryptocurrency stablecoin issuer Tether (USDT) received a request from prosecutors asking for consolidation, combining three lawsuits into one, which Tether has not denied. “We did not oppose the plaintiffs’ requests […]

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China Continues to Streamline Its Blockchain Patent Application Process

China’s National Intellectual Property Administration is further streamlining the rules in regard to the guidelines of blockchain patent applications. The National Intellectual Property Administration (NIPA) in China continues to clarify the guidelines for blockchain patent applications, which are set to become effective as of Feb. 1. At the end of December 2019, the NIPA announced […]

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COSO to Release Guidance on Blockchain for Businesses Aiming to Deploy Tech

The Committee of Sponsoring Organizations of the Treadway Commission is planning to release guidance on blockchain for companies looking to deploy the technology. The Committee of Sponsoring Organizations of the Treadway Commission (COSO) is planning to release guidance on blockchain for companies looking to deploy the technology. As The Wall Street Journal reported on Dec. […]

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China Is Opening Doors to Blockchain — Private and Public

Chinese President Xi publicly supports blockchain development in the country. The first blockchain industrial park was opened in Shanghai’s Baoshan District in November 2016 with the goal of not only developing blockchain technology for government-related work, but also for connecting the technology with finance, insurance, real estate, intellectual property and other industries. Shortly after the […]

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