The Chinese Supreme Court believes that cryptocurrency property rights should be strengthened. In a document published on July 22, China’s Supreme Court calls for strengthening the protection of property rights pertaining to — among other things — “digital currency, network virtual property, and data.” The official court opinion aims to “promote the improvement of a modern property rights system with clear ownership.” The document also mentions the intention to strike against the “use of public power to infringe private property rights, illegal seizure [...] and freezing of private enterprise property.“ Furthermore, the court’s statement calls for the punishment of all …

Somnium Space sold 110 Ethereum (ETH) worth of virtual land plots during the first seven days of its multi-week affair. “During the first week of Road to SLO we have sold a total of 25 parcels for 110 ETH,” a Somnium representative told Cointelegraph. “Moreover we have seen a record high sale of a Bundle of 10 parcels from one user to another for whooping 100 ETH.” Last week, blockchain-based VR game, Somnium Space, completed the first week of its Road to Secondary Land Offering, a March 13 statement detailed. During this event, the startup sells 25 virtual land parcels …

The newly patched “Venom” vulnerability in virtualization software is “perfect” for any organization targeting bitcoin wallets, private keys and forum passwords, according to Robert Graham, chief executive officer of security firm Errata. Researchers first discovered the bug through the security firm CrowdStrike, which described Venom as a security vulnerability in the virtual floppy drive code used by computer virtualization platforms. They said: “This vulnerability may allow an attacker to escape from the confines of an affected virtual machine (VM) guest and potentially obtain code-execution access to the host.” “Absent mitigation, this VM escape could open access to the host system …

Bitcoin’s block chain has become well known for its use as a public ledger for digital currency transactions. By harnessing a decentralized network that is now more powerful than the top 500 supercomputers combined, it has removed the need for third parties like banks to verify online transactions, vastly reducing the costs of doing business. The extension of this technology has the potential to revolutionize the way people forms contracts, register domain names, and now, even prove ownership of intellectual property. A copyright is a form of intellectual property that grants the creator of an original work exclusive rights to …