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California


California may soon be forming a working group to examine the potential benefits of blockchain to the state – and how best to update laws to make use of the technology. California bill 2658, first introduced in February 2018, originally recognized “a record that is secured through blockchain technology is an electronic record,” as previously reported. However, …

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Candidates for public office in California may soon be able to accept cryptocurrencies as donations. The California Fair Political Practices Commission met on Thursday to discuss a number of election issues facing the Golden State, including whether candidates for public office can accept cryptocurrencies as part of campaign donations. Ultimately, the commissioners didn’t make a decision …

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The chives growing in one crypto tycoon’s California mansion carry a hidden message. Guo Hongcai, a beef salesman turned early bitcoin adopter from China’s Shanxi province, is one of many freshly minted millionaires funneling parts of their wealth out of the country by purchasing real estate abroad. In April, Hongcai sold 500 bitcoin in the …

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A Los Angeles bitcoin trader was sentenced Monday to one year in federal prison after she admitted to operating an unlawful money transmission business. Theresa Tetley, a former stockbroker and real estate investor based in California, was also fined $20,000 and will give up 40 bitcoins (an amount worth roughly $254,000), nearly $300,000 in cash …

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A group of crypto startups and organizations are sponsoring a new blockchain research center headquartered at Stanford University. The Center for Blockchain Research is being led by Dan Boneh and David Mazières, two professors who have specialties in blockchain and cryptocurrencies. The research outfit plans to “develop best practices” for blockchain by bringing the university scientists …

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California could become the next U.S. state that allows companies to store data – including information about stockholders – on a blockchain. Bill 838 was first introduced by Senator Robert Hertzberg in January, but public filings show that the measure has picked up steam in recent days. The State Senate’s Banking and Financial Institutions Committee referred the …

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Confronted with substantial federal funding reductions, Berkeley, California, is turning to crypto tokens as away to fund services like affordable housing. Mayor Jesse Arreguin and councilman Ben Bartlett have teamed up with San-Francisco-based investment startup Neighborly to advance an initiative that would divide municipal bonds into micro-bonds and then sell them as tokens in what …

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A California lawmaker has introduced a bill that, if passed, would update the state’s electronic records laws to account for blockchain signatures and smart contracts. Assembly Bill 2658, submitted by Assemblymember Ian Calderon last week, expands the definition of electronic records and signatures – contained in the Uniform Electronic Transactions Act – to include records …

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The US Securities and Exchange Commission (SEC) has announced the temporary suspension stock trading for The Crypto Company, a publicly traded company based in Malibu, California. The SEC cites concerns information provided by the firm and possible manipulation. Based on its website, the firm provides digital currency consulting and investment services. In its release, published …

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AngelList Co-founder Naval Ravikant has claimed that Bitcoin and the other cryptocurrencies have what it takes to solve the money problems of different kinds of people around the world. He added that the general public is looking for potential alternative places to store their money and watch it grow. In his presentation at the Token …

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Professional services major Deloitte claims that over 26,000 new Blockchain technology-based projects were launched on the code repository GitHub in 2016. GitHub is a development platform that houses codes for more than 86,000 Blockchain programs, including large projects such as Bitcoin. In its report titled “Evolution of Blockchain Technology: Insights from the GitHub Platform,” Deloitte …

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Shaun Bridges, the secret service agent twice arrested for theft of Silk Road Bitcoins, has received a further two-year jail sentence for his second offense. As Reuters, Ars Technica and others report Wednesday, Bridges who is already serving six-and-a-half years for theft, plead guilty to extended charges in August and received the verdict this week. …

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The behemoth Tezos ICO, once the darling of the ICO world backed by VC icon Tim Draper, is now the subject of at least one major class action lawsuit with potentially more to follow. The threat of class action came some weeks back after infighting at the top of the company went public. The class …

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Well-respected University of California Professor of Economics and Political Science Barry Eichengreen has claimed that he favors the use of central bank-issued virtual currencies over decentralized cryptocurrencies. He added that the latter will not play a major part in the future of the financial sector. In his interview with CNBC, Eichengreen said that the central …

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Bitcoin is a next-gen, all-digital currency that’s already a global phenomenon. Developed with high levels of security and anonymity in mind, it’s touted as a potential replacement for paper- and coin-based money in the near future. Some industries, including real estate, are capitalizing on this emerging trend by letting clients buy property via Bitcoin. It’s …

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