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Gor Gevorkyan, a Los Angeles resident, has filed a lawsuit against Bitmain for allegedly mining cryptocurrency at his expense. The class action claims that bitcoin mining giant had redesigned its ASIC devices “to mine crypto currency for the benefit of itself rather than its customers who purchase the...
A twenty-one-year-old New Yorker has stolen cryptocurrency worth a million dollars from a Silicon Valley executive by exploiting a tactic known as “SIM swapping” to take over phone number accounts by duping wireless carriers. The thief, Nicholas Truglia, attempted to steal from other crypto bigwigs with no success. Twenty-One-Year-Old...
To many crypto savants, the modern political scene, which promotes centralization and censorship in some cases, is far from a topic of importance. But, as Tuesday’s U.S. midterm poll results have started to roll in, the ears of cryptocurrency enthusiasts have metaphorically perked up, as it was unexpectedly divulged...
The Fair Political Practices Commission, California’s campaign watchdog arm, has voted 3-1 to ban political donations with any cryptocurrency, including Bitcoin, because of transparency issues. The vote follows similar decisions made by other states in the country such as South Carolina. Others, like Colorado and Montana, allow cryptocurrency donations with...
Joel Robideaux, Mayor-President of Lafayette, Louisiana, announced yesterday that the city-parish government is considering creating its own digital currency and holding an accompanying initial coin offering (ICO). Doing so would position Lafayette to follow the lead of Berkeley, California, which earlier this year revealed plans to create a...
California millennial Assemblyperson recently pushed a bill to recognize digital signatures and contracts recorded on the blockchain, making California one of several US States using or considering implementing the technology. Millennial Assemblyperson Pushes Bill Assemblymember Ian Calderon (D-Cal), who was elected to the state assembly at the age of 27 as...
In attempts to establish more financial independence from the Trump administration, Berkeley, California is in the preliminary stages of launching its own cryptocurrency. The coins would be backed by municipal bonds — a security that local governments issue in order to pay for public projects — and distributed...
Policymakers continue to oppose bitcoin and cryptocurrencies in certain regions of the world. California legislators have tried to introduce their version of BitLicense a while ago. Luckily, those plans were shot down relatively quickly, not once, but twice. It appears a new proposal under the name AB 1123...
The State of California is all set to follow New York’s footsteps. The Golden State has drafted a new digital currency regulation along the lines of New York’s BitLicense, and it will be voted upon soon. The California Bitcoin License assembly bill – AB 1326 – was first introduced by...
Just when the things were looking right for Bitcoin in the State of California, a new draconian bill jumped in to step on the silver platter. Proposed by Californian Assembly Member Matt Dababneh, the Bill AB 1326 proposes an enduring law that could ban unlicensed Bitcoin businesses in...
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