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New York Assembly Receives Crypto Payment Bill For State Agencies

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The New York State Assembly has received a bill that will legalize state agencies to accept cryptocurrency as a means of payment for fines, taxes, fees, civil penalties, and other state-related dues. 

The bill was introduced on Thursday during a legislative session by Clyde Vanel, a prominent cryptocurrency advocate and a member of the Democratic party.

Clyde Vanel serves as the representative of the 33rd district of New York and is quite popular for sponsoring several crypto-friendly bills in the past, most notably the Cryptocurrency and Blockchain Study Task Force bill.   Read more...

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Arizona Senator Introduces Bill To Make Bitcoin Legal Tender In The State

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A bill introduced by Sen. Wendy Rogers reflects growing interest in bitcoin from U.S. states.

State Sen. Wendy Rogers (R-AZ) has introduced a set of bills aimed at making bitcoin legal tender in Arizona and allowing state agencies to accept bitcoin.

The proposed legislation aims to recognize bitcoin as a legal form of currency in Arizona, allowing it to be used to pay for debts, taxes and other financial obligations. This would mean that all transactions that are currently done in U.S. dollars could potentially be done with bitcoin, and individuals and businesses would have the option to use bitcoin as they see fit.  Read more...

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UAE Sees Key Role For Crypto As Gulf State Eyes To Boost Trading Policies

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The United Arab Emirates (UAE) is looking to adopt cryptocurrency in a ‘major role’ in its trading policies, according to a report by Bloomberg.

Speaking with Bloomberg Television in Davos, Switzerland – where the World Economic Forum is currently being held – UAE’s minister of state for foreign trade, Thani Al-Zeyoudi, made some positive statements on the potential role of cryptocurrency in the economy of the gulf nation.

“Crypto will play a major role for UAE trade going forward,” said Al-Zeyoudi. For years now, the UAE government has been working on transforming the nation into a global crypto hub, mainly by implementing crypto-friendly policies with the goal of attracting the big guns in the $ 1 trillion industry.   Read more...

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The State Will Stifle Innovation, Unless We Opt Out With Bitcoin

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As governments around the world prepare for central bank digital currencies, it is imperative that we use bitcoin to solve challenges of the 21st century.

This is a transcribed excerpt of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, they are joined by Izabella Kaminska, editor at the Blind Spot and former editor at the Financial Times, to talk about how she realized that Bitcoin is an important piece of the puzzle for humanity to move forward and continue innovating.

Watch This Episode On YouTube Or Rumble

Listen To The Episode Here:  Read more...

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South Carolina State Treasurer Travels To El Salvador To Learn About Bitcoin Adoption

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Curtis Loftis and other SC officials spent five days in El Salvador experiencing first-hand the country’s Bitcoin adoption.

A delegation from South Carolina, U.S. traveled to El Salvador to learn how the country’s recognition of bitcoin as legal tender is transforming its economy, per a release sent to Bitcoin Magazine.

Business and technological leaders, healthcare officials and State Treasurer Curtis Loftis toured El Salvador for five days, traveling from one end of the country to the other. The delegation met with multiple local government officials to get an understanding of what the emerging technology was achieving.  Read more...

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How The State Of Global Markets Could Be Pushing The Federal Reserve To Adopt Bitcoin

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Analyzing the precarious positions of the world’s fiat economies can drive a conclusion that the Federal Reserve will have to adopt bitcoin.

This is an opinion editorial by Mike Hobart, a communications manager for Great American Mining.

Photo by Daniel Lloyd Blunk-Fernández via Unsplash

In the wee hours of the morning on Friday, September 23, 2022, markets saw yields on the U.S. 10-year bond (ticker: US10Y) spike up over 3.751% (highs not seen since 2010) shocking the market into fears of breaching 4% and the potential for a run in yields as economic and geopolitical uncertainty continued to gain momentum.  Read more...

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Colorado Becomes First US State To Accept Bitcoin As Payment For Taxes

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Colorado residents can now pay state taxes with bitcoin and cryptocurrency –– but only with a PayPal account.

Colorado has become the first U.S. state to accept bitcoin for tax payments.

Gov. Jared Polis announced the implementation of the new payment method on Monday, at Denver Startup Week, according to a report by Axios Denver.

Citizens can use cryptocurrency to pay individual income tax, business income tax, sales and use tax, withholding tax, severance tax and excise fuel tax are eligible, per the report.  Read more...

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Money, The State And The Global South: Alternative Roles For Bitcoin

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Bitcoin has various use cases and applications that shouldn’t be ignored for narratives that obscure more than educate.

This is an opinion editorial by Taimur Ahmad, a graduate student at Stanford University, focusing on energy, environmental policy and international politics.

Author’s note: This is the first part of a three-part publication.

Part 1 introduces the Bitcoin standard and assesses Bitcoin as an inflation hedge, going deeper into the concept of inflation.

Part 2 focuses on the current fiat system, how money is created, what the money supply is and begins to comment on bitcoin as money.  Read more...

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Bitcoin What-If: The State Was Demonetized By Sound Money?

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The bloated modern State’s existence depends upon the control of money creation, and Bitcoin will expose that.

This is an opinion editorial by Ulric Pattillo, contributor at Bitcoin Magazine and co-author of the Declaration of Monetary Independence.

Author Disclaimer: The following work is a combination of real world commentary and fan fiction, similar to your favorite sci-fi world. I do not intend to infringe or misappropriate any real world ideas or work. Any similarity to concepts or work in the fan fiction portion is purely coincidental. This is Part 2 of a series I call “Bitcoin: What-If?”. Marvel can’t own that, right?  Read more...

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New York State Slings Another Arrow At Bitcoin Mining

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While current operations will not be ceased, New York continues to show an adversarial stance to bitcoin mining as a whole.

This is an opinion editorial by Rick Mulvey, author of The Fraud Within and contributor to Bitcoin Magazine.

New York State’s Department of Environmental Conservation dealt another blow to the upstate Greenidge Generating Facility, which produces electricity for the power grid and also mines bitcoin.

Greenidge stated that the decision, announced on Thursday, to deny them a new “Title V” Air Emissions permit will “not have any impact on our current operations.”  Read more...

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Short The State: How Bitcoin Enables Jurisdictional Arbitrage

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Bitcoin lets anyone live and thrive wherever they want, ending government monopoly on our jurisdictions.

This is an opinion editorial by Katie The Russian, CEO of Plan B Passport and co-host of the “The Bittersweet Podcast.”

Because you are born into a nonconsensual monopoly brought upon you by the government, you have no real options — no real choices to pick the services that you want to receive from the State, the taxes you are willing to pay for it or the regulatory environment under which you decide to operate.  Read more...

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New Yorkers Are Safer After State Senate Bans Elon Musk’s Flamethrower

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By CCN Markets: In a legislative move that only Bizarro World could love, the New York State Senate has passed a bill that makes possession of a flamethrower for recreational use a crime. The bill now moves to the Assembly. Even more bizarre, this bill appears to be the direct result of everyone’s favorite circus ringmaster, Elon Musk. The Boring Company Flamethrower Eighteen months ago, Elon Musk and The Boring Company introduced a $ 500 flamethrower that uses propane. Ever-a-sucker for anything Elon Musk announces, 20,000 orders for The Boring Company flamethrower were placed. Perhaps Tesla owners grew impatient waiting for  Read more...

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Facebook’s Crypto Libra Won’t Be Legalized in Russia: State Press

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By CCN Markets: TASS, a major news agency in Russia wholly owned by the federal government, has reported that Russia will not legalize Libra, merely days after its highly anticipated announcement. An excerpt from TASS’ report read: “Russia will not legalize the use of Libra cryptocurrency, which Facebook plans to introduce into circulation in 2020. This opinion was expressed by the chairman of the State Duma Committee on the Financial Market, Anatoly Aksakov, in an interview with the radio station Kommersant FM on Tuesday.” With France and the U.S. currently evaluating Libra based on existing regulatory frameworks governing the crypto sector,  Read more...

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What a bit! New York Introduces a State Bill to Decriminalize Sex Work

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New York introduces a bill that will decriminalize sex workers. This state-wide bill is back by a coalition of more than 30 organizations across LGBTQ R’ US, racial justice and immigrant rights. This is truly amazing sex workers have always been in the shadows almost like the boogeymen of our society. We know they exist but we choose to ignore them and most of us, just accept prostitution as this vile and low act. I’ve always found it strange that prostitution was illegal.

The post What a bit! New York Introduces a State Bill to Decriminalize Sex Work appeared first on CCN Markets  Read more...

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Blockchain State of Affairs in Europe: Part Three

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Blockchain State of Affairs in Europe: Part Three
This is the final part of a three-part series of articles about the state of blockchain in Europe. The series covers the blockchain scene in some of the most important European nations. I would like to thank PR firm Wachsman for sharing with me the facts & figures and the commentaries present in…

The post Blockchain State of Affairs in Europe: Part Three appeared first on CoinReport.

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Blockchain State of Affairs in Europe: Part Two

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Blockchain State of Affairs in Europe: Part Two
This is part two of a three-part series of articles about the state of blockchain/distributed ledger technology (DLT) in Europe. The series covers the blockchain scene in some of the most important European nations. I would like to thank PR firm Wachsman for sharing with me the facts & figures a…

The post Blockchain State of Affairs in Europe: Part Two appeared first on CoinReport.

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Blockchain State of Affairs in Europe: Part One

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A blank map of Europe. The continental boundary to Asia indicated follows the standard convention of the crest of the Greater Caucasus, the Urals River and the Urals Mountains to the Sea of Kara.
This is part one of a three-part series of articles about the state of blockchain in Europe. The series covers the blockchain scene in some of the most important European nations. I would like to thank PR firm Wachsman for sharing with me their compilation of the facts and figures and collection of …

The post Blockchain State of Affairs in Europe: Part One appeared first on CoinReport.

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A conversation with Jamie Burke, CEO & founder of Outlier Ventures, on state of blockchain investments, Big Tech’s future & way to build next Internet

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A conversation with Jamie Burke, CEO & founder of Outlier Ventures, on state of blockchain investments, Big Tech's future & way to build next Internet
Editor’s note: The following interview was conducted by Nick Ward (NW), director at communications agency Fire on the Hill. CoinReport would like to thank Fire on the Hill for sharing this interview with us.   Jamie Burke (JB) believes that the Internet is broken. The FAANGs have a monopoly on…

The post A conversation with Jamie Burke, CEO & founder of Outlier Ventures, on state of blockchain investments, Big Tech’s future & way to build next Internet appeared first on CoinReport.

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Bitcoin and the Agora: Every Transaction Outside the Nexus of State Control Is a Victory

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The cryptoconomy means many things to many people. For example, since the inception of Bitcoin in 2009, some individuals have used digital currencies as a form of agorism otherwise known as counter-economics. These people believe that using bitcoin as a tool to avoid state harassment is one of the technology’s key features with the potential to reduce the manipulation and civil abuses perpetrated by government bureaucracy.

Also read: This Short Animation Might Make You Think Twice About Taxes  Read more...

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State Treasurer: Ohio Companies Now Paying Tax in BTC

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Ohio Companies Now Paying Tax in BTC, Says State Treasurer

Treasurer in the U.S. state of Ohio Robert Sprague has revealed that at least two companies have paid their taxes using bitcoin since the state launched its cryptocurrency payment platform in December. Sprague did not disclose details pertaining to the amount or companies involved, citing confidentiality.

Also read: Liechtenstein Bank Creates Cryptocurrency Trading Platform for Institutional Investors

State to Review BTC Tax Payments

Speaking at a forum organised by the Ohio State Associated Press on Feb. 19, Republican politician Robert Sprague said: “We’re reviewing how [the program] might be either curtailed or might be expanded, and what our counter-party risk is with that vendor.”  Read more...

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