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Wyoming promises to become the most crypto-friendly state in the US

Wyoming, being in the very North of the country, isn’t quite like Silicon Valley neither the rich East Coast. Yet, the government aims to partially replace ranchos with crypto companies and provide all conditions for their flourish. 

The state’s governor signed sweeping legislation that turns Wyoming to a particularly friendly to cryptocurrency place. The new law enshrines utility tokens as an asset class exempting cryptocurrency from state property taxes.

Blockchain-focused law practice

The Blockchain industry inevitably seeks for support by law, and the hole in the market will be soon filled by two competent entrepreneurs Angela Angelovska-Wilson and Lewis Cohen, who have started their own law practice focused on the nascent industry. 

The creators promise to read more

Iran Goes Crypto

The tension between Iran and the US rose since president Donald Trump quit the Iran nuclear deal. Iranian rial rapidly collapsed from 57,500/$1 to 85,000. Due to the threat of bigger sanctions, residents began to transfer their savings to crypto assets in order to take money out of the country or simply save them, and from now this tendency will only spread. Iranians have already spent $2.5 bln on crypto. 

Consensus 2018

This year Consensus, a large annual crypto conference, will take place in Hilton hotel, New York. The event may draw more than 7000 people, and around 250 of them will be speakers. 

Other than experts, Consensus will bring enthusiasts, journalists, governors together. On the agenda, there will be the SEC’s impact on the market, Blockchain government, the latest changes and new possible decentralized solutions. 

Consensus can be compared to the G8 Summit due to its credibility. It is expected to fuel the market. Last year, Bitcoin rose 69% during the conference, and 138% 2 months afterwards. 

Organized by CoinDesk, Consensus is held for the fourth time. 

There Is A Lot More Fiat Crimes Than Crypto, – Mary Beth Buchanan Says

We should “get rid of the negative connotations”, said Mary Beth Buchanan, former U.S Federal Prosecutor about Bitcoin on Monday, June 4 at the conference Money20/20 Europe in Amsterdam

In the past, she used to deal with a great number of crimes and states that saying there are more crypto crimes than usual ones is rather unfair, since, unlike fiat, cryptocurrency can be traced. read more

Iran Issues Its Cryptocurrency to Bypass the U.S. Sanctions

Iran Issues Its Cryptocurrency to Bypass the U.S. Sanctions

Iran is going to issue its own cryptocurrency as way to sidestep new sanctions enacted by U.S. President Donald Trump.

Preparing the Grounds to Adopt Blockchain Technology

The U.S. announced its withdrawal from a 2015 atomic agreement with Iran in May reactivating economic sanctions that will forbid Iran's access to U.S. dollars next month.

The plan to build up an "indigenous" digital money is on the agenda of the government’s Science and Technology Department, as indicated by Iran's official news outlet PressTV. "We are trying to prepare the grounds to use a domestic digital currency in the country,"  Alireza Daliri, the department’s representative head in charge of investments, was cited as saying in the report. read more

Have You Heard of Bitcoin? Research by IMG

Have You Heard of Bitcoin? Research by IMG

As blockchain-based technologies are being developed at a faster pace every day, the popularity of cryptocurrency grows in a geometric progression. ING International Survey prepared a research named “Cracking the code on cryptocurrency”, in which examines people’s engagement in the crypto industry. They carried out a survey across Europe, the United States, and Australia, and here are the results: read more

Obscure Cryptocurrencies Lack Attention from the U.S. Government, – R. Novy Says

Obscure Cryptocurrencies Lack Attention from the U.S. Government, – R. Novy Says

A U.S. Secret Service official called Congress on to consider potential legislative action towards cryptocurrencies that boast privacy-enhancing features.

Before the U.S. House of Representatives Committee on Financial Services, Robert Novy claimed that cryptocurrencies and services intended to obscure transactions require a particular attention from the government. But, no active measurements are expected anytime soon. 

"As such, continued Congressional attention is warranted to ensure law enforcement agencies maintain lawful access to critical sources of evidence, regardless of where, or in what form, that information is stored," Novy stated.

A Floating Utopia – Or Not?

A Floating Utopia – Or Not?

Oppressed by governments, slave owners, social inequality and unjust laws people have always dreamt of a place where everyone would be free. After realizing that leaving this planet is not an easy get-away plan, people started imagining utopian cities right here, on Earth. read more

Moving to a Central Bank-Issued Cryptocurrency Is Profitable for Canada and the U.S.

Moving to a Central Bank-Issued Cryptocurrency Is Profitable for Canada and the U.S.

Central bank-issued cryptocurrency might be financially beneficial for Canada and the U.S., as indicated by a central bank analyst.

What Do Numbers Say?

In a working paper published July 26, the Bank of Canada's S. Mohammad R. Davoodalhosseini states that presenting a central bank digital currency (CBDC) "can lead to an increase of up to 0.64 percent in consumption for Canada and up to 1.6 percent for the US, compared with their respective economies if only cash is used." read more

Mastercard Has Increased Cryptocurrency Transactions Speed

Mastercard Has Increased Cryptocurrency Transactions Speed

A high-end global payments giant Mastercard has won a U.S. patent for accelerating cryptocurrency transactions, according to the document published on Tuesday, July 17, by the U.S. Patent and Trademark Office (USPTO). The new public blockchain-based method will allow clients to manage “fractional reserves of blockchain currency”, thus associating fiat assets and blockchain money. Up to that moment, cardholders could only pay for things using legal tender – a currency recognized as official money by the government. Mastercard proposed to make purchases using bitcoin stored on a credit card. read more

Bitcoin Reaches $24,000 in Iran After Officials Recognise Crypto Mining Legal

Bitcoin Reaches $24,000 in Iran After Officials Recognise Crypto Mining Legal


Iran has recognized crypto mining as a legal activity, making steps toward issuing its own cryptocurrency; the news prompted a rapid rise in Bitcoin’s price on local exchanges. 

Cryptocurrency Mining Is a Lawful Activity

As indicated by a local media outlet IBENA associated to the Central Bank of Iran, Abolhassan Firouzabadi, the Secretary of Iran's Supreme Council of Cyberspace said that digital money mining "has been accepted as an industry in the government." 

Even though a final policy legislating for mining hasn’t been presented yet, the Ministry of Communications and Information Technology (ICT), the Central Bank and the Ministry of Economic Affairs and Finance has come to consensus. 

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West Virginia Is the First State to Use Blockchain for Voting

West Virginia Is the First State to Use Blockchain for Voting

The future is just around the corner. As Slate reported September, 25, West Virginia is the first state that will use blockchain for voting in elections. Boston-based startup Voatz provided an app that uses blockchain encryption to enable U.S. citizens who are currently abroad to participate in voting.  

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North Star for Market Operation: Coinbase Introduced Its Core Principles

North Star for Market Operation: Coinbase Introduced Its Core Principles

The largest crypto exchange in the U.S. has just introduced its core principles for its institutional financial products.

North Star for Crypto Voyagers

Three months after Coinbase presented its suite of institutional products in May, the company has disclosed a series of "fundamental beliefs" about how the organization will run and improve its institutional investor-focused business lines.

Adam White, Coinbase's vice president and general manager, compared the five fundamental principles to their “North Star” in the blog post published on August 20.

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North Korea is Going to Use Cryptocurrency to Evade U.S. Sanctions

North Korea is Going to Use Cryptocurrency to Evade U.S. Sanctions

Lourdes Miranda, a financial crimes investigator, and Ross Delston, Certified Anti-Money Laundering Specialist (CAMS), said that Pyongyang is about to create its own cryptocurrency. They added that North Korea is using cryptocurrency like bitcoin (BTC), not just for mining but money laundering. 

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California Is Forming a Blockchain Working Group

California Is Forming a Blockchain Working Group

California released a bill calling for the creation of a working group on blockchain, which has passed in both Senate and Assembly and is now waiting for the governor’s approval.

The Brightest Minds to Come Together  

The bill, main point of which is to form a group of specialists from different fields to focus on blockchain, defines the technology as “a mathematically secured, chronological, and decentralized ledger or database.” 

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Alibaba, IBM and Mastercard at the Top of Blockchain Patent Ranking

Alibaba, IBM and Mastercard at the Top of Blockchain Patent Ranking

Large financial and technical entities Alibaba and IBM from China and the U.S. respectively are leading in the new top-list that ranks companies by the number of blockchain patents filed.  

The World’s Leaders in Blockchain 

iPR Daily, a Chinese media outlet focused on intellectual property, released a report showing the total amount of patents filed by each of the world leaders. It demonstrates that Chinese web giant Alibaba is at the top of the list with 90 blockchain patent applications. 

IBM, an American technology company, has to date filed 89 applications, while Mastercard possesses third place with 80 patents. With 53 blockchain-focused patents, Bank of America made it to fourth place. 

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Looking for Blockchain: U.S. Introduce Bill to Define Blockchain

Looking for Blockchain: U.S. Introduce Bill to Define Blockchain

The U.S. Representatives  Doris Matsui and Brett Guthrie proposed Blockchain Promotion Act of 2018 that is going to find the common definition of blockchain.  

What Is Blockchain?

There are lots of definitions of blockchain that mostly seem to be difficult to understand. The U.S. decided to reveal a common and clear explanation of the blockchain technology. 

Matsui and Guthrie proposed the bill that is going to interpret blockchain for common use.

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