Five U.S. states have reached a settlement with GSB Group over unregistered securities sales tied to digital assets. Residents of the states will receive refunds for all fiat and cryptocurrency deposits. GSB chairman Josip Heit agreed to cease selling unregistered securities without admitting or denying violations. 5 States Reach Settlement With GSB Group Over Unregistered…
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A pro-cryptocurrency political group, Fairshake PAC, has invested millions in supporting Democratic Senate candidates in Michigan and Arizona against former President Donald Trump-endorsed Republicans, causing tension within the GOP. Fairshake PAC, along with its affiliated super PACs, committed about $3 million each to Democrats Ruben Gallego in Arizona and Elisa Slotkin in Michigan. Both candidates…
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The US state of Arizona has joined a slew of pro-Bitcoin states in embracing the asset class. Arizona Senate has proposed a resolution to consider recently-approved Bitcoin ETFs as potential investments tool for the state’s retirement system. Arizona has already been proven open to technological advances. In January 2023, it introduced a bill which would…
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The bill aimed to have only state authorities impose regulations and taxes on individuals and businesses running blockchain nodes, as opposed to those at the city and county level. Katie Hobbs, the governor of the American state of Arizona, has vetoed legislation that would have largely stopped local authorities from imposing taxes on individuals and…
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Even though this winter continues to stress test the case for Bitcoin advocation, some lawmakers strive to put their names on the crypto hot list. Even though this winter continues to stress test the case for Bitcoin (BTC) advocation, some lawmakers strive to put their names on the crypto hot list among the likes of…
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Should the bill pass the legislature, Arizona voters could choose whether virtual currency is tax exempt as part of a November 2024 ballot measure. Lawmakers in the Arizona State Senate are considering a bill aimed at having voters decide whether virtual currency is exempt from property taxation. In legislation introduced to the first session of…
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On September 2, the crypto market aggregation web portal Coingecko.com published a study that identifies the top ten states in America that are most interested in the two leading digital currencies, bitcoin and ethereum. The team leveraged Coingecko’s page traffic data and found that California captures 43% of the traffic visiting the site’s bitcoin and…
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The Brazilian voting authority (TSE), has publicly declared it is studying blockchain as a technology that might help the organization in its task of organizing ballots. Celio Castro Wermerlinger, coordinator of modernization of the institution, stated that this decentralized ledger tech was included in a research program called “Elections of the Future.”
Brazilian TSE…
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The financial regulator of the U.S. state of Arizona has warned investors about crypto interest-bearing accounts. “Some companies may materially overstate the degree to which their collateral practices protect their ability to pay investors the stated return,” the regulator said. State Regulator Warns About Crypto Interest-Bearing Accounts The Arizona Corporation Commission issued an investor alert…
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Major mining hardware manufacturer TSMC has announced plans to build a $12 million facility in Arizona. The world’s largest semiconductor manufacturer and third-largest chip manufacturer, Taiwan Semiconductor Manufacturing Co., or TSMC, has announced plans to build a $12 factory in Arizona. The move comes after TSMC suffered significant disruptions across its supply chain amid the…
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