Business

China's crypto-miners look abroad as regulators tighten noose

When a prefecture in northwestern China's Xinjiang region ordered a halt on cryptocurrency mining projects this month, Chris Zhu scrambled to move clients' machines southward, spending over a week to reassemble in Sichuan.

Business

Bitcoin proves double-edged sword for criminals

Regulators have repeatedly criticised the growth of cryptocurrencies such as bitcoin because of their popularity with criminals but the technology's transparent transactions can also work against law breakers.

Business

PayPal earnings soar on e-commerce boom

PayPal on Wednesday reported record quarterly profit as the online financial transactions service benefited from an e-commerce trend boosted by the pandemic.

Computer Sciences

Blockchain pet adoptions

The blockchain concept underpins digital currencies, such as BitCoin. It acts as a distributed register that holds all transactions of the currency in an encrypted and immutable table. The technology is not limited to cryptocurrencies ...

Computer Sciences

Cleaning up money laundering

Money laundering is big business but wholly illegal big business. It has an enormously negative impact on local, national, and international economies as well as providing the financial means to fund other criminal activities ...

Business

Virus upends outsourcing as firms 'reshore', embrace AI

Coronavirus is permanently shaking up the global outsourcing industry as lockdowns from Bangalore to Manila prompt firms to "reshore" jobs and, with AI, to move further away from needing humans at all.

Computer Sciences

Giving cryptocurrency users more bang for their buck

A new cryptocurrency-routing scheme co-invented by MIT researchers can boost the efficiency—and, ultimately, profits—of certain networks designed to speed up notoriously slow blockchain transactions.

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