Bitcoin’s Political Breakthrough Raises Questions About Its Regulatory Future
With state legislators attempting to recognize bitcoin as legal tender in the U.S., we’ve entered a new, uncharted phase of adoption.Is it actually possible for individual U.S. states to establish bitcoin as legal tender currency?Arizona State Senator Wndry Rogers seems to think so, based on the submission (SB 1341) she crafted and introduced late last month, aiming to establish bitcoin as legal tender in the State of Arizona. Meanwhile Texas Governor Candidate Don Huffines has promised to recognize bitcoin as legal tender if elected.But while there is growing interest in state leaders....
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The Ethereum community has voiced its concerns about the legitimacy and functionality of ride sharing app Arcade City in an AMA with its founder, Christopher David. The AMA follows a medium post from one of his previous associates accusing David of being a fraudster that has since been taken down, and the AMA seems to be doing little to address concerns surrounding the fraud accusations, and raises more questions as to the future and legitimacy of Arcade City. Arcade City CEO Fails to Address Community Backlash. The Medium post, an archived version of which can be found here, details....
Last November, the Federal Elections Commission (FEC) voted 3-3 over a proposal allowing political campaigns to accept bitcoin donations. While, in effect, the FEC didn't say no to bitcoin, it also left some important questions unanswered. The proposal was brought to the FEC by lawyers of the Conservative Action Fund (CAF), which, as a political action committee, wanted to pressure the FEC into looking at the merits of bitcoin as a tool for fundraising. During the hearing, FEC commissioners did come to some conclusions regarding bitcoin's role in political contributions, summarized in an....
Gavin Andresen, Chief Scientist at the Bitcoin Foundation, hosted a Reddit AMA yesterday. AMA means "Ask Me Anything" - Reddit users can ask the host all sorts of questions about any topic. Reddit AMAs use the site's comment system for both questions and answers, and are similar to online text-only press conferences open to all Reddit users. Many celebrities have hosted Reddit AMAs to connect with a global online audience, including President Barack Obama in 2012, Julian Assange, Bill Gates, and Madonna. Andresen answered a lot of questions about technical, organizational, regulatory and....
Coinbase raises important questions about employee activism, plus what the BitMEX indictments say about the future of the industry.
International remittance service Bitwala has released Lolabot, a crypto education tool based on artificial intelligence. It claims this is the world’s first “Siri for Bitcoin.” Lolabot ‘Hopes to Answer Every Possible Bitcoin Question’. Lolabot, named after the Bitwala office’s resident pet bulldog, uses voice recognition and “natural language processing”....