Authorities in a city in the state of New York are considering taking action against cryptocurrency mining. Plattsburgh attracts commercial miners thanks to their cheap power supplies. However, officials there believe the drain the activity places on the grid could be unfairly increasing the cost to other citizens of the city. Cheap Hydroelectricity Limited in […]
It’s unclear how Twitter identifies which accounts to penalize for propagating cryptocurrency scams.
Illinois has joined a growing number of US states looking to pave the way to allow cryptocurrencies as payment for taxes. House Bill 5335, aka the Revenue Cryptocurrency Bill, is being sponsored by Rep. Michael Zalewski, a Democrat. It’s an amendment to the current Department of Revenue Law of the Civil Administrative Code of Illinois, […]
Wyoming’s State Senate has cleared a bill that creates exemptions for certain types of blockchain tokens.
According to a recent patent filing, Paypal Inc. is developing a new protocol that will make crypto transactions faster — great news for Bitcoin and other digital currencies. Published last week, the patent details a new system that would transfer private keys outside of the blockchain to speed up transactions. Such off-chain solutions have been hailed by the likes […]
With the current market movement (or lack of it) it’s important to understand the forces behind it and, at least to some extent, find reasons for the current stillness. Why is the price moving sideways? –disclaimer: my opinion is not financial advisement. Investing in cryptocurrencies has huge risks associated so read as much as […]
Bitconnect promoter Trevon James confirmed Monday that he is speaking with an FBI agent over his involvement with the defunct investment scheme.
The rapid rise of cryptocurrency’s popularity left many people with the feeling that they’ve missed an opportunity to invest. This feeling hit harder when Bitcoin reached an all-time high of $20,000 at the end of last year and was projected to go up to $40,000 in 2018 and to jump up to $100,000 in 2021. […]
The US Marshals Service (USMS) has announced that it will auction off nearly $25 million worth of Bitcoin in less than two weeks. On Monday, the agency issued a statement revealing that it will hold a sealed bid auction to dispose of 2,170 BTC — worth $23.6 million at the present Bitcoin exchange rate — […]
This is the first in a series of weekly news highlights about blockchain technology and cryptocurrency in Russia. Last week’s headlines included an endorsement of blockchain technology from President Putin, tax exemptions for cryptocurrencies and a legal decision that prevented the seizure of cryptocurrency assets in a bankruptcy case. Putin Endorses Technological Development in Russia […]