The weekend has arrived or is almost here, depending on your location. But there still are people angry in India, lawsuits in New Jersey, and momentum building for a miner pay cut in ethereum land.
Arizona governor Doug Ducey wasted no time, signing into law a bill that makes blockchain signatures legally binding in his state.
That bill, passed by the state Senate in Arizon 28-1 after unanimous state House of Representatives approval, will allow blockchain and smart contracts to be held as legal documents.
Blockchain personal finance platform Wirex will soon begin to allow users to exchange bitcoin for Japanese yen.
Wirex offers a hybrid banking platform as well as pre-paid virtual and plastic cards which can be topped up with conventional currencies and cryptocurrencies.
The U.K. government is mulling whether to expand a public benefits pilot program that uses blockchain to securely deliver funds.
The Department for Work and Pensions (DWP) started the pilot program last summer. London-based FinTech firm GovCoin Systems Ltd. (which later became Disc) manages the program.
“We are currently working with the central bank of the UAE to add the blockchain security feature to our paper checks so we can prove that the technology is fit for purpose at production volumes,” said Emirates NBD CFO Ali Sajwani.
Ledger, a bitcoin hardware wallet provider, has raised $7 million in Series A funding.
The round was led by MAIF Avenir. Wicklow Capital, GDTRE, Libertus Capital, Digital Currency Group, The Whittemore Collection, Kima Ventures, BHB Network and Nicolas Pinto participated in the funding round.
India police have arrested five people who are accused of smuggling LSD from the US using bitcoin.
The arrests come in the wake of comments earlier this week from the Minister of State for Finance Arjun Ram Meghwal, who said that bitcoin and other cryptocurrencies “could subject the users to unintentional breaches of anti-money laundering and combating the financing of terrorism laws.”
The Times of India claimed the alleged drug smuggling group was operating in Mumbai and paid for transporting blots of LSD with bitcoin.
Bitcoin will be recognized in Japan as a legal form of payment starting April 1.
After months of contentious debate among lawmakers, bitcoin exchanges will now be characterized as payment instruments and fall under the purview of the country’s anti-money laundering rules.
New capital requirements for exchanges (a minimum of JPY10 million (US$89,430) is required),
The Berlin-based Taikonauten will overhaul Lisk’s corporate design, developing a new logo and media kit. In addition,
Digital asset management platform ICONOMI has initiated a repayment program that aims to increase the stake every participant has in the company.
The company’s repayment program will purchase ICN tokens from exchanges using returns made via its actively managed performance array and destroy them on a weekly basis.