A Tokyo judge has ruled that bitcoin’s are not subject to ownership; Intel is hiring a researcher to investigate hardware and software to advance decentralized ledgers; the Italian banking group Intesa Sanpaolo says Bitcoin’s advantage is its network effect and more top stories for August 6.
Tokyo Court Says Bitcoin Not Subject to Ownership
Tokyo’s District Court has made a historic ruling that bitcoin is “not subject to ownership,” reported CoinDesk. Judge Masumi Kurachi ruled that since cryptocurrency is intangible and depends on third parties, bitcoins cannot be covered under existing law. In other words, the plaintiff could not file a claim for the bitcoins lost in the Mt Gox collapse.
Intel Hiring Cryptographic Researcher to Investigate Blockchain Related Hardware and Software
Intel, one the world’s largest producers of semi conductor chips, is hiring a researcher to investigate hardware and software to advance decentralized ledgers. In a job description posted on LinkedIn, the company cites Bitcoin and blockchain technology, and writes:
“The Special Innovation Projects group within Intel Labs is looking for a researcher to investigate hardware and software capabilities that advance the performance, robustness, and scalability of open, decentralized ledgers. Working with a team of distributed systems, operating systems, and