Cryptocurrency
Colin Read, the Mayor of Plattsburgh, NY, will propose an 18-month moratorium on cryptocurrency mining while the city creates new zoning laws and regulations regarding non-residential energy consumption. The town’s two Bitcoin operations are soaking up excess cheap power from local hydroelectric plants, risking higher power bills for ordinary homeowners. Plattsburgh is a small town […]
Garrett Camp, the co-founder of ride-hailing service Uber, is working to launch his own brand of cryptocurrency. Camp’s proposed cryptocurrency project, which he has been researching for half a year now, will be called “Eco.” His grand vision for Eco is to create an affordable, borderless form of digital currency with instantaneous and effortless transactional […]
Mexico is close to passing legislation that will bring major changes to how cryptocurrency is regulated and defined there. While some critics of crypto in the country have vociferously warned against legitimizing Bitcoin and its crypto peers, the rule change set the stage for eventual acceptance and possibly mainstream use. Recently passed by the lower […]
A prominent Chinese politician, Wang Penjie, has proposed that China develop a national cryptocurrency trading platform. Wang Penjie is a member of China’s top political advisory board, the Chinese People’s Political Consultative Conference (CPPCC). A Chinese news outlet reported that Wang Penjie has suggested that the People’s Bank of China (PBOC) and the Chinese Securities Regulatory […]
The U. S. Attorney’s Office in Chicago has charged a former bond broker with stealing $2 million dollars’ worth of cryptocurrencies and lying about it to cover investment losses. Joseph Kim, a 24-year-old trader formerly in the employ of Consolidated Trading LLC, has been charged one count of wire fraud by U. S. Attorney John Lausch. If […]
Both the Arizona Senate and House have moved ahead on a bill that will allow residents to pay their taxes via Bitcoin or other cryptocurrencies. If the measure becomes law, it would take effect in 2020. Arizona could be first to legitimize crypto as a form of currency. Georgia, Illinois and Wyoming are moving toward […]
The U.S. government has no plans to regulate or legislatively legitimize cryptocurrencies anytime soon, a policy void that leaves Bitcoin speculators out in the cold for now. At a recent security conference in Munich, White House and other government officials commented on the political, criminal, regulatory and public relations obstacles that prevent cryptocurrencies from becoming […]
The era of quantum computing is now closer than probably any of us realize, promising a radical new era of technological advance. IBM recently announced at a San Francisco developer conference that the company has created a 50-qubit quantum computer, easily the most state-of-the-art machine in existence. A quantum computer is able to make calculations considerably […]
A four-year-old Chinese computer hardware company made about $1 billion more in profits in 2017 than American computer chip company Nvidia, which has been in business for a quarter century. Bernstein, a finance and investment research company, recently published a report revealing that China’s Bitmain generated anywhere from $3 billion to $4 billion dollars in […]
Hartwig Löger, the Finance Minister of Austria, is suggesting that his country and the broader European Union regulate Bitcoin the way it regulates gold and financial derivatives. Löger’s stance on cryptocurrencies suggests that at least some financial regulatory bodies may preemptively embrace and regulate the public use of cryptocurrencies. His reasoning appeared to be that authorities […]
