The post South Carolina drops Genesis Mining from cease and desist appeared first on CoinReport.
The state of North Carolina has pushed the passage of House Bill 86 and some digital currency advocates and firms like Coinbase believe the bill makes the state more friendly towards cryptocurrency businesses. At the moment North Carolina’s House Bill 86 has been presented to Governor Roy Cooper and awaits his signature.
The Attorney General of South Carolina has served a cease and desist order on Genesis Mining. In documents filed before its Securities Commissioner, it has declared cloud mining contracts to be securities, in a move that could have repercussions beyond the confines of the Palmetto State.
The county government of Mecklenburg, North Carolina, has been hacked, leaving their server files being held for a ransom of 2 bitcoins.
One of the growing problems for businesses and governments today is having their electronic files hacked and held for ransom. Last month, computer hackers targeted the Sacramento Regional Transit system, resulting in 30 million files being deleted. The ransom price demanded by the hackers for that attack was a single bitcoin. Now that ransom price is being doubled as hackers have hit the Mecklenburg, North Carolina county government and are demanding 2 bitcoins.