New Hampshire Bitcoin bill passes through House committee in a landslide
The state of New Hampshire is making strides towards embracing the world of cryptocurrency, as its House commerce committee has recently voted in favor of a Bitcoin bill. This bill, which aims to regulate and recognize Bitcoin as a legal form of payment, will now move on to be voted on in the House.
The bill, which was introduced by Representative Dennis Acton, has received widespread support from both the cryptocurrency community and lawmakers. In fact, the committee voted in favor of the bill with an overwhelming 16-1 majority, showing a strong belief in the potential of Bitcoin and other cryptocurrencies.
If passed, this bill would make New Hampshire one of the most progressive states in terms of cryptocurrency regulation. It would officially recognize Bitcoin as a legal form of payment, allowing businesses to accept it as a method of transaction. This would not only benefit the state’s economy, but also provide more options for consumers and businesses alike.
The bill also includes provisions for the state to accept Bitcoin as a form of tax payment, further solidifying its legitimacy and potential as a mainstream currency. This move could potentially attract more businesses and investors to the state, as they would have the option to pay their taxes in a digital currency that is gaining more and more recognition and acceptance worldwide.
New Hampshire’s Bitcoin bill is a step in the right direction towards embracing the future of finance and technology. With the increasing popularity and adoption of cryptocurrencies, it is important for states to stay ahead of the curve and create a welcoming environment for this new form of currency. The House vote will be a crucial moment for the state and the cryptocurrency community as a whole, and we can only hope that it will pave the way for more states to follow suit.
Trump’s crypto reserve likely to be mostly Bitcoin, bigger than expected: Bitwise
In a recent announcement, US President Donald Trump revealed that his administration is considering investing in cryptocurrencies as part of the country’s strategic reserves. This news has sparked a lot of speculation and debate within the crypto community, with many wondering what this could mean for the future of digital currencies.
Matt Hougan, the chief investment officer at Bitwise Asset Management, believes that this announcement should be seen as a positive development for the crypto market. In fact, he argues that the market is “misreading things” and that Trump’s interest in cryptocurrencies should be seen as a bullish sign.
Hougan points out that the US government has been exploring the potential of digital currencies for some time now, and this latest announcement is just another step in that direction. He also notes that other countries, such as China and Russia, have already started investing in cryptocurrencies as a way to diversify their reserves.
But what does this mean for the average crypto investor? According to Hougan, it could lead to increased adoption and acceptance of digital currencies, which would ultimately drive up their value. He also believes that this move by the US government could pave the way for more institutional investors to enter the market, bringing in more capital and stability.
Of course, there are still many unknowns and uncertainties surrounding this announcement. It’s unclear which cryptocurrencies the US government would invest in, and how much they would allocate to this asset class. But one thing is for sure, this news has put cryptocurrencies back in the spotlight and has reignited the conversation about their potential as a legitimate asset class.
In conclusion, while some may view Trump’s crypto reserve announcement with skepticism, Hougan sees it as a positive development for the market. Only time will tell how this will play out, but one thing is certain, the world of cryptocurrencies is constantly evolving and gaining more mainstream attention.
Mt. Gox wallet moves $1B Bitcoin amid market volatility
The infamous Mt. Gox exchange, which was once the largest Bitcoin exchange in the world, has made headlines once again with its latest move. The defunct exchange, which filed for bankruptcy in 2014 after losing over 850,000 BTC, has recently shuffled 12,000 BTC to an unidentified wallet address.
This news has sparked speculation and concern among the cryptocurrency community, as many are wondering what the purpose of this move could be. Some believe that the exchange may be preparing to sell off the BTC in order to pay back its creditors, while others speculate that the move could be a sign of a potential revival of the exchange.
Mt. Gox has a long and tumultuous history in the world of cryptocurrency. It was once the go-to platform for buying and selling Bitcoin, but its downfall began in 2014 when it was hit by a major hack that resulted in the loss of over 850,000 BTC. This incident not only caused the exchange to file for bankruptcy, but it also had a significant impact on the entire cryptocurrency market.
Since then, Mt. Gox has been embroiled in legal battles and attempts to recover the lost BTC. In 2018, the exchange’s former CEO, Mark Karpeles, was found guilty of embezzlement and data manipulation, and was sentenced to two and a half years in prison. However, the recent move of 12,000 BTC has raised questions about the status of the exchange and its remaining assets.
While the reasons behind this latest move remain unclear, it serves as a reminder of the importance of security and trust in the world of cryptocurrency. The Mt. Gox incident was a wake-up call for the industry, highlighting the need for better security measures and regulations.
As the cryptocurrency market continues to grow and evolve, it is crucial for exchanges and platforms to prioritize security and transparency in order to gain the trust and confidence of investors. Only then can we truly move towards a more stable and sustainable future for cryptocurrency.
US sanctions crypto addresses linked to Nemesis darknet marketplace
The US Office of Foreign Assets Control (OFAC) has recently taken action against an Iran-based marketplace known as Behrouz Parsarad for facilitating illegal activities. According to OFAC, this marketplace has been used to sell drugs, fake IDs, and hacking resources, posing a threat to global security and stability.
The marketplace, which operated under the name “Behpazar,” was shut down by OFAC for violating US sanctions and engaging in illicit activities. It was a popular platform for buying and selling a wide range of illegal goods and services, including drugs, fake IDs, and hacking tools. This posed a significant risk to the safety and well-being of individuals and communities worldwide.
OFAC’s investigation revealed that Behpazar was created and operated by Behrouz Parsarad, an Iranian national. The marketplace was designed to evade US sanctions and provide a safe haven for criminals to conduct their illegal activities. It allowed users to make purchases using cryptocurrencies, making it difficult for authorities to track and trace the transactions.
The shutdown of Behpazar is a significant victory for OFAC and a step towards disrupting the operations of criminal networks. It sends a strong message to those who engage in illegal activities that they will be held accountable for their actions, regardless of their location.
This action by OFAC highlights the importance of international cooperation in combating illicit activities and enforcing sanctions. It also serves as a reminder that the use of cryptocurrencies does not provide immunity from law enforcement.
The US government remains committed to disrupting the operations of illicit marketplaces and protecting the safety and security of its citizens and the global community. The shutdown of Behpazar is a significant step towards achieving this goal and serves as a warning to others who may attempt to engage in similar activities.
US Customs has started releasing seized crypto miners: Report
After months of delays, thousands of crypto miners have finally begun to make their way out of various US ports of entry. This comes as a relief to many in the industry, who have been eagerly awaiting the arrival of these miners to help boost the crypto market.
The delay in the arrival of these miners was due to a combination of factors, including supply chain disruptions and increased demand for mining equipment. This caused a backlog at the ports, leading to frustration and uncertainty for those waiting for their miners to arrive.
But now, as the backlog begins to clear and the miners start to make their way to their new homes, the excitement is palpable. These miners are expected to have a significant impact on the crypto market, as they will help to increase the overall hash rate and make mining more accessible to a wider range of individuals.
One of the main reasons for the high demand for these miners is the recent surge in the value of cryptocurrencies. With Bitcoin hitting record highs and other altcoins following suit, many see mining as a lucrative opportunity to get involved in the crypto world.
But it’s not just about the potential profits. The arrival of these miners also signifies a growing interest and acceptance of cryptocurrencies in the mainstream. As more and more people and businesses begin to embrace digital currencies, the demand for mining equipment is only expected to increase.
While the delays may have caused some frustration and uncertainty, the fact that these miners are finally making their way out of the ports is a positive sign for the future of the crypto market. With their arrival, we can expect to see a boost in mining activity and a further increase in the value of cryptocurrencies. So, let’s welcome these miners with open arms and see where they take us on this exciting crypto journey.
Bitwise files to list a spot Aptos ETF — the 36th largest cryptocurrency
Bitwise, a leading provider of crypto index funds, has recently filed a spot ETF application for Aptos, a promising layer-1 blockchain platform. This move comes as no surprise, as Aptos has been gaining attention in the crypto community for its potential to rival Solana, a popular blockchain network.
Founded by two former Facebook employees, Aptos has been making waves in the industry with its innovative approach to blockchain technology. The platform boasts high scalability and low transaction fees, making it a strong contender in the competitive world of blockchain.
Bitwise’s decision to file an ETF application for Aptos is a testament to the platform’s potential and the growing interest in the crypto market. An ETF, or exchange-traded fund, is a type of investment vehicle that tracks the performance of a specific asset or group of assets. In this case, the Aptos ETF would allow investors to gain exposure to the Aptos blockchain without having to directly purchase the cryptocurrency.
This move by Bitwise could potentially open up the Aptos market to a wider range of investors, as ETFs are often seen as a more accessible and less risky investment option compared to buying individual cryptocurrencies. It also signals a growing trend of traditional financial institutions embracing the crypto market and recognizing its potential for growth.
Aptos has been gaining traction in the crypto space, with its native token seeing a significant increase in value in recent months. With Bitwise’s ETF application, the platform’s growth and adoption could potentially accelerate even further.
In conclusion, Bitwise’s decision to file an ETF application for Aptos is a significant development for both the platform and the crypto market as a whole. It highlights the potential of Aptos as a strong competitor in the blockchain space and the increasing interest and acceptance of cryptocurrencies in the traditional financial world.
Ethereum price ‘double top’ hints at 42% drop as ETH bull market ends
Ethereum, the second-largest cryptocurrency by market capitalization, has been experiencing a prolonged downtrend for the past 357 days. This has left many investors and traders wondering if the bull market has forgotten about ETH and if a price turnaround is on the horizon.
The downtrend for Ethereum began in June 2020, when the cryptocurrency reached an all-time high of $4,362. Since then, it has been on a steady decline, with occasional short-lived spikes. As of September 2021, ETH is trading at around $3,300, a significant drop from its peak.
This prolonged downtrend has raised concerns among investors and traders, who are questioning whether Ethereum will ever regain its bullish momentum. Some experts believe that the current market conditions, including increased competition from other cryptocurrencies and regulatory uncertainty, have contributed to the decline of ETH.
However, others argue that this downtrend may just be a temporary setback for Ethereum. They point to the fact that the cryptocurrency market is highly volatile and that price fluctuations are a normal part of the market cycle. They also highlight the potential for Ethereum to bounce back, given its strong fundamentals and widespread adoption.
One factor that could potentially trigger a price turnaround for Ethereum is the upcoming Ethereum 2.0 upgrade. This major upgrade aims to improve the scalability and efficiency of the Ethereum network, making it more attractive to developers and users. If successful, this could lead to increased demand for ETH and potentially drive up its price.
Additionally, the recent surge in interest and adoption of decentralized finance (DeFi) applications built on the Ethereum network could also play a role in boosting the price of ETH. As more users and investors flock to DeFi, the demand for ETH to power these applications could increase, potentially driving up its value.
In conclusion, while the current downtrend for Ethereum may be concerning, it is important to remember that the cryptocurrency market is highly unpredictable. With upcoming upgrades and increasing adoption, there is still potential for a price turnaround for ETH. Only time will tell if the bull market will remember Ethereum and bring it back to its former glory.
Bitcoin network used to secure local GOP convention election results
Blockchain technology has been making waves in recent years, with its potential to revolutionize various industries. One area where it can have a significant impact is in preserving sensitive data and ensuring election integrity. With the rise of digital voting systems, concerns about security and tampering have become more prevalent. However, sufficiently decentralized blockchain networks can provide a solution to these issues.
Decentralization is a key feature of blockchain technology, where data is stored and verified across a network of computers rather than in a central location. This means that no single entity has control over the data, making it nearly impossible for anyone to tamper with it. In the context of elections, this can be a game-changer.
By utilizing blockchain technology, election data can be stored in a tamper-proof way, ensuring its integrity. Each vote can be recorded as a transaction on the blockchain, making it immutable and transparent. This means that any attempts to alter or delete votes would be immediately detected, making election fraud virtually impossible.
Moreover, blockchain technology can also enhance the security of digital voting systems. With its decentralized nature, there is no single point of failure, making it difficult for hackers to compromise the system. Additionally, blockchain networks use advanced encryption techniques, making it extremely challenging for anyone to access or manipulate the data.
Furthermore, blockchain technology can also increase trust in the election process. With its transparent and decentralized nature, voters can have confidence that their votes will be accurately recorded and counted. This can help address concerns about election fraud and increase participation in the democratic process.
In conclusion, the potential of blockchain technology to preserve sensitive data and ensure election integrity is undeniable. By utilizing its decentralized and tamper-proof nature, we can create a more secure and transparent voting system. As we continue to embrace digital advancements, it is crucial to consider the potential of blockchain technology in safeguarding our democratic processes.