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California legalizes blockchain data and smart contracts

The California state legislature has approved a draft of a new law creating a legal framework for using blockchain-data and smart contracts. The new bill legalizes the use of blockchain and smart contracts both in domestic and international trade. It provides for the introduction of 2658 amendments to the Civil Code of the State, the

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3 months ago
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U.S. Congressman calls for making crypto a key focus

US Congressman Rep. Bill Huizenga has affirmed strict regulation to protect investors in crypto trading. The Michigan Republican called for an oversight of the cryptocurrency market which is ‘muddled and fairly opaque’. An applicant to lead the House Financial Services Committee, Huizenga promised to make crypto regulation his key agenda, if he assumes the office

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5 months ago
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The authorities of South Carolina lift the ban on two blockchain startups

The Securities Division of the Office of the Attorney General of South Carolina canceled the decision to terminate the activities of the ShipChain and Genesis Mining blockchain startups. In May, ShipChain was accused of running afoul of securities laws during their private SHIP token sale. In response, ShipChain said that it operates within the law,

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5 months ago
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The SEC representative criticized the rejection of Winklevoss brothers’ Bitcoin ETF application

The SEC official representative Hester Peirce expressed disagreement with her own department, which for the second time rejected to launch the Winklevoss Bitcoin Trust. According to Hester Peirce official statement on the SEC website, the Commission was considering whether the proposal from the Winklevoss twins complies with the Securities Exchange Act of 1934. The SEC representative

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5 months ago
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Columbia University has collaborated with IBM to open blockchain research and education center

On July 7, IBM published a press release, according to which the company has partnered with Columbia University to develop an entity aimed at blockchain research and education. Researchers from the Columbia-IBM Center for Blockchain and Data Transparency will explore how blockchain technology can be used for important issues, such as secure multi-party computation, safe

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5 months ago
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Cryptocurrency application Robinhood now supports Litecoin and Bitcoin Cash

The Robinhood application, which was released this year on the US market, announced that it now supports two new cryptocurrencies: Litecoin and Bitcoin Cash. According to the company’s announcement, the decision to add these two coins was made after numerous requests from customers. Until now, the Robinhood application has supported Bitcoin and Ethereum. In addition,

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5 months ago
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USA to use blockchain for cancer medicine distribution

The FedEx Institute of Technology, an emerging technologies research institution, based in USA with Good Shepherd Pharmacy are preparing to unveil a blockchain-based service which will help cancer patients get medications easier. Companies elaborate the technology which is able to transfer unnecessary medications from cancer patients and pass them on to that ones who needs

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5 months ago
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Crypto platform Uphold acquires NY-based broker-dealer

On June 27, digital money exchange Uphold announced that it has reached an agreement to buy JNK Securities Corp. – a member of NY Stock exchange. Currently, the company is waiting for the Financial Industry Regulatory Authority approval to change the ownership. If the the request is approved, Uphold will be able to legally provide

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6 months ago
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US special services are going to seize $24 million in dark web bitcoin

According to the website of the U.S. Department of Justice, two men, Ryan Farace and Robert Swain, are accused of manufacturing narcotics and selling them through darknet marketplaces. Later, Farace and Swain were alleged to have gained profits from drug distributing in BTC during the period from November 2013 to June 2017, which were confiscated

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6 months ago
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US Senate Will Inspect the Impact of Cryptocurrencies on Elections

The U.S. Senate is planning to estimate the influence of digital currencies on elections in America. On June 26, The Senate’s Subcommittee on Crime and Terrorism will have a hearing called “Protecting Our Elections: Examining Shell Companies and Virtual Currencies as Avenues for Foreign Interference”. The Federal Election Commission (FEC) has previously announced that BTC

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6 months ago
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Square received BitLicense

Square, an American company developing solutions for accepting and processing electronic payments, announced on Monday its BitLicense reception from the New York regulators. New Yorkers can now buy bitcoins using the Square’s Cash application, which is available to a wide range of users since last fall. Representatives of the department said that they continue to

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6 months ago
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The Factom startup received $192,380 from US Government

The Factom startup from Austin received funding from the US Department of Homeland Security (DHS). $ 192,380 will be used for beta testing of the security capabilities of border-and-customs data collected by surveillance equipment using blockchain-based tools. The grant was provided for the fourth and last stage of the Silicon Valley Innovation Program. While beta

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6 months ago
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