Earlier this month, the Arizona Senate passed a bill designed to allow taxpayers to use cryptocurrencies to pay their state income taxes. This week, Georgia state Senators Joshua McKoon and Michael Williams introduced a bill to provide the same benefit to their state’s residents, Senate Bill 464.
Venezuelan President Nicolas Maduro is reportedly claiming success in his effort to raise much-needed capital through the sale of his country’s controversial digital currency, the petro. Pre-sales for the coin began on Tuesday, and Maduro quickly took to Twitter to announce that investors had pledged $735 million dollars’ worth of yuan.
UK lawmakers have announced the launch of a Treasury Select Committee inquiry that will examine digital currency and blockchain technology, according to reporting from The Telegraph and Reuters. The committee will be tasked with examining cryptocurrency’s potential impact, including risks to the nation’s consumers and business community.
In a recent interview with the Wall Street Journal, PayPal CFO John Rainey was asked about his views on cryptocurrencies like Bitcoin. He said that he doesn’t believe that Bitcoin is currently ready to serve as a reliable payment option, and he cited the digital currency’s high rate of volatility as a major reason why:
Though some financial experts have expressed concern that a collapse in the digital currency markets might affect the broader financial sector, a new report from US-based financial ratings firm Standard & Poor’s contends that any impact would be almost negligible at this point. According to S&P’s assessment, the markets would only be impacted if cryptocurrencies became a serious asset class and enjoyed the market confidence that comes from proper regulatory oversight.
Cryptocurrency education platform DNotesEDU has announced a massive upgrade, offering expanded content that provides entry level educational material focusing on cryptocurrency and personal finance. According to DNotesEDU education director Brandon Cheliak, the changes are an effort to address the cryptocurrency market’s current lack of sound information about investor protection and education.
Florida’s Denison Yachting announced on Friday that digital currency owners can use their cryptocurrencies at the Miami International Boat Show to buy a luxury yacht. The company had previously made such transactions possible through BitPay, with customer crypto holding converted into fiat currency to make the purchase.
The United States government is still researching digital currency and examining its risks and potential benefits. As a result, US authorities are not yet ready to create a regulatory framework for the industry, according to remarks made by White House cybersecurity coordinator Rob Joyce at the Munich Security Conference on Friday.
The price of Bitcoin continued to rise on Thursday, peaking at above the $10,000 mark – a height last seen more than two weeks ago. The cryptocurrency markets have been rallying in recent days, as investor fears about potentially crippling government regulation have appeared to subside amid a host of more positive news.
Online news and opinion outlet Salon has introduced a new policy to help it recover revenue losses resulting from the growing use of adblocking software. The company now gives readers a choice when they arrive at the site: they can disable their ad blockers, or they can agree to allow Salon to use their computers’ unused processing power to mine digital currency.
An estimated 7% of all Americans are believed to own some type of cryptocurrency. According to early indications from tax firm Credit Karma, however, only a relatively small number of those people are apparently reporting digital currency gains and losses in this year’s tax filings.
More than 4,200 websites were infected with crypto-mining malware on Sunday, according to a report in The Register. The scheme used Browsealoud – a popular plugin that provides audio readings of web content for visually impaired internet users – to infect websites with the Coinhive Monera-mining malware. Browsealoud is used in many government websites around the world.
When we created DNotes nearly four years ago, we knew that we wanted it to be a different kind of digital currency. After examining other cryptocurrencies, it was clear to us that none of them were well-positioned to bring the benefits of digital currency to the mainstream. From the beginning, DNotes was designed to fulfill this purpose. With our four-year anniversary on the horizon, it’s important to remember some of the important milestones that we’ve marked along the way. Two of the most significant of those milestones occurred with the creation of the DNotesVault and the CRISP programs. Both represent the type of innovation that today’s consumers want and need.
Several Russian scientists have reportedly been detained by the authorities after they attempted to use a supercomputer to mine digital currency. The scientists, who work on Russian nuclear warheads at the Federal Nuclear Center in Sarov, were caught as they tried to connect the facility’s computer to the internet, according to reports from the BBC.
The state of Arizona moved one step closer to accepting digital currency for state income tax payments last night, after the state Senate voted to pass a bill designed to allow taxpayers to use cryptocurrencies to meet their tax obligations. Arizona Senate Bill 1091 was passed with 16 yeas, 13 nays, and one abstention.
If Brian Forde is successful in his quest to represent California’s 45th congressional district in Congress, Bitcoin and other digital currencies could soon have a new friend in the nation’s capital. The 37-year old former digital currency director at MIT’s Media Lab is one of several candidates in that hotly-contested race, but he’s already attracted the attention of a number of prominent crypto investors who have been impressed by his knowledge and support for digital currency technology.
On Tuesday, the Senate Banking Committee conducted a hearing on cryptocurrencies that included testimony from Commodity Futures Trading Commission (FCTC) Chairman Christopher Giancarlo and Securities and Exchange Commission (SEC) Chairman Jay Clayton. The two men testified about a wide variety of crypto-related topics, including regulations, ICOs, and distributed ledger technology.
The Ontario Securities Commission has formally approved Canada’s first blockchain exchange-traded fund (ETF). The fund is expected to be launched on the Toronto Stock Exchange this week.
Shares of Long Blockchain Corp. enjoyed a 4 percent increase on Friday, after the company announced that it will no longer be purchasing 1,000 Bitcoin mining rigs. Instead, the company formerly known as Long Island Iced Tea will focus its attention on its proposed merger with British technology firm Stater Blockchain Ltd.
Brisbane Airport has announced that it plans to begin accepting digital currencies in its restaurants, bars, and shops. The Australian airport has reportedly signed a deal with TravelbyBit Australia that will enable it to accept a variety of different cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Dash, and Steem, according to a report in The Telegraph.