Colorado Proposes Accepting Cryptocurrency for Political Campaigns

Political candidates in Colorado could soon accept Bitcoin or other digital currencies for their campaigns, according to reports by the Denver Post on May 17. Secretary of State Wayne Williams made the proposal for allowing donations of cryptocurrencies in political campaigns in draft rules presented on May 16, the Denver Post reports. The US Federal …

Steve Wozniak Compares Ethereum to Apple at Vienna Conference

At the WeAreDevelopers tech conference in Vienna, Steve “Woz” Wozniak compared Ethereum’s platform with Apple and said it could become just as influential, Forbes reported May 18. While delivering his speech at the conference, Wozniak was enthusiastic about Ethereum (ETH), describing it as a platform similar to Apple’s. He said that in the long-term Ethereum …

SEC Lacks Fundamental Understanding of Core Nature of Crypto

William Mougayar, author of “The Business Blockchain” and advisor to the Ethereum Foundation, said in an interview with CNBC May 18, that regulators lack a foundational understanding of cryptocurrencies. Speaking to CNBC, Mougayar explained that in an attempt to regulate digital currencies, the US Securities and Exchange Commission (SEC) lacks an understanding of the core …

Kazakhstan’s President Calls for International Cooperation in Crypto Regulation

Kazakhstan’s President Nursultan Nazarbayev has called for global cooperation for cryptocurrency regulation, local news outlet Azernews reported May 17. Speaking at the plenary session of the Global Challenges Summit 2018, Nazarbayev stated that “most countries are actively exploring the possibility of adapting cryptocurrency to the current configuration of financial systems.” He then continued with a …

Swiss Government Requests Study on State-Backed Digital Currency

The Federal Council of the Government of Switzerland has requested a report on the risks and opportunities of introducing its own state-backed digital currency, or so called “e-franc”, Reuters reported May 17. The Federal Council moved to investigate the subject at the prompt of Swiss lawmaker and vice-president of the Social Democratic Party, Cedric Wermuth. …

Chicken Farms And New York

In the US, China, and South Korea, many individual cryptocurrency miners and large-scale mining centers were cracked down for conducting illicit operations. For example, in April 2018, cryptocurrency miners in South Korea were arrested for illicitly utilizing cheap electricity to produce cryptos. Chicken farm in South Korea In South Korea, places such as chicken farms …

Twitter CEO Jack Dorsey Reaffirms Bullish Future on Bitcoin, Crypto as Global Payment

Twitter and Square Inc. CEO Jack Dorsey expressed optimism about cryptocurrency’s role in the future of payments, saying that “the internet deserves a native currency” and “it will have a native currency,” Bloomberg reports May 16. At the Consensus conference on Wednesday, Dorsey shared crypto enthusiasts’ vision that virtual currencies are the future of a …

New Data Storage Platform Intends To Become The Safest Way Of Storing Information Online

A new blockchain-powered data storage platform, Memority, is aiming to provide “the most secure ever developed” solution for anyone looking to safely store sensitive data. The system would be entirely decentralised, self-sufficient, and protected against forgery and data deletion. Memority has also stated that “since we use Proof of Authority mining, there is no need …