By CCN Markets: Elon Musk is bringing the FOMO, or Fear of Missing Out. The Tesla CEO tweeted out a reminder that federal tax credits for buying a Tesla will drop by half on July 1. He pointed out in another tweet that EV buyers in California will still have the Golden State’s $ 2,500 tax credit. US tax credit of $ 3750 drops in half for Tesla on July 1. Order online in a few mins at https://t.co/46TXqRrsdr. Return in 7 days for full refund. — Elon Musk (@elonmusk) June 14, 2019 The Tesla Tax Credit Halvening The current tax credit
IBM and two other organizations will marry blockchain and IoT to help manage groundwater usage in an “at-risk” Californian aquifer.
A Rancho Cordova, California nurse has been charged by federal authorities with selling illegal narcotics via dark net markets. Allegedly, her username Farmacy41 earned over 200 BTC across three markets. Carrie Alaine Markis made an appearance in federal court in Sacramento, charged with numerous counts of drug dealing. Farmacy41 Markis reportedly used the handle Farmacy41 across several DarkNetMarkets beginning in 2013. She told customers that her source was people who bought pills from those who had them legally prescribed to them. In total, she allegedly sold almost 9,000 hydrocodone pills, over 2,500 oxycodone, nearly 1,000 methadone pills, 70 morphine tablets
By CCN.com: The Fremont Police Department has announced that it is launching a pilot program to use electric vehicles to reduce carbon emissions while patrolling the sunny California locality, and it’s turning to hometown company Tesla for help. Tesla: Coming Soon to a Police Department Near You? The first stage of the ongoing pilot makes
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By CCN.com: Over a week ago, PG&E stocks lost most of their value faced with PG&E’s possible $ 30 billion in liabilities pertaining to wildfires and potential bankruptcy. PG&E’s share price hiked 75% today. PG&E has been cleared of responsibility for the 2017 Tubbs Fire. The fire destroyed 2,800 homes, a total of 5,643 structures, and
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U.S. utility Pacific Gas and Electric Company (PG&E) disclosed on Monday that it will file for bankruptcy. US’ largest energy utility firm with a market cap of $ 13+ billion said that the decision was forced by the wildfires which destroyed lives and property in California in 2017 and 2018. Per a BBC report, the utility
A class-action lawsuit for over $ 5 million has been filed in northern California against Chinese mining giant Bitmain. The company is being accused of utilizing customers’ newly purchased machines to mine cryptocurrency at full power for its own benefit while customers were configuring their equipment.
Official court documents read:
There are few people in the American government who are open to being pro-Bitcoin and Gavin Newsom is one of them. He was willing to accept Bitcoin for campaign contributions and he has also got a history of being pro for technology in general. He even believes that the government should be based on performance and that “government information and services at every level should be thoroughly ‘digitized,’ enabling citizens to conduct business with public agencies online.”
What’s this all about?
Gavin Newsom is considered to be “pro-bitcoin.” Certainly, he’s willing to accept BTC for campaign contributions. He also has a record of being pro-technology in general, believing the government should be “performance-based” and that “government information and services at every level should be thoroughly ‘digitized,’ enabling citizens to conduct business with public agencies online.” California’s New … Continued
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Following the 2018 midterm elections, the U.S. will see two new pro-Bitcoin governors sworn into office.
Jared Polis (D-CO) and Gavin Newsom (D-CA) both won out against their respective Republican contenders last night, November 6, 2018. While their campaign points and platforms were capitalized by a progressive agenda, their favorable attitudes toward cryptocurrencies and blockchain technology have caught the crypto community’s attention.
Using cryptocurrency for political donations has been a hot topic in many societies. Two recent developments demonstrate different views on the matter. A Taiwanese politician who has accepted bitcoin from his supporters believes crypto donations can help keep his country’s political system clean and transparent. At the same time, the California campaign watchdog says cryptocurrency can raise questions about transparency and is hard to track.
A number of blockchain-focused bills have been making the rounds in California’s State government. Elected officials are working to have them signed by Governor Jerry Brown.
News out of California concerning blockchain and cryptocurrency has been intriguing over the last few months, to say the least.
In mid-August, a U.S. Federal Court permitted a defendant to pay bail with Bitcoin.
In April, a firm made headlines after purchasing a cryptocurrency tracking application developed by a 16-year old girl in India.
It is evident that residents and businesses in the state are expressing interest in blockchain and different virtual currencies. Legislators certainly have taken note.
The California Legislature has passed Assembly Bill 2658, which provides a legal framework for the recognition of blockchain technology in the state’s insurance code. Introduced by Democrat Ian Calderon, the bill sought to amend Sections 1624.5, 1633.2, and 1633.75 of the Civil Code, Section 25612.5 of the Corporations Code, Section 16.5 of the Government Code, and Section
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Back in July, news.Bitcoin.com reported on the cryptocurrency-backed USD lending platform, Blockfi, which raised $ 52.5m from investors in an investment round led by Michael Novogratz’s Galaxy Digital. On Monday, Blockfi announced the firm is now servicing residents from California and the latest expansion leads to the crypto-lending service being available in 44 states.
A US Federal Court in California has allowed a defendant to pay his bail fees in Bitcoin, local news media reported August 15 in what sources say is not a first-time use case for the cryptocurrency.
Attorney: Objective Is ‘Compliance’
According to Palo Alto-based Daily Post, this week a federal judge allowed Martin Marsich, who faced charges of hacking into a local video game company, to pay his $ 750,000 bail in “Bitcoin or any cryptocurrency.”
Modern agriculture is an over $ 5 trillion industry that faces more unique obstacles than ever before. Climate change and jurisdictional regulations continue to challenge farmers, who are tasked with meeting the nutritional needs of an ever-growing world population with fewer and fewer land resources. Traditional agricultural techniques alone can no longer accommodate world demand, while catastrophic weather events can wipe out an entire region’s crops, driving up costs globally.