Blockchain
Virginia passes crypto-friendly bill to foster blockchain expansion
U.S. Virginia Senate Bill No. 339, which aims to create a work group dedicated to studying cryptocurrencies, blockchain and crypto mining, received majority support from the Senate.
The Virginia Senate in the United States passed a landmark bill creating a workgroup dedicated to studying the overall crypto ecosystem and making recommendations to foster the tech’s expansion.
On Feb. 5, Virginia lawmakers introduced Senate Bill No. 339 to get recommendations on fostering and expanding blockchain technology, digital asset mining and cryptocurrency in the state.
The Virginia House of Delegates passed the bill on March 4 with 97 members in favor, one against and two choosing to abstain from voting.
Senator Saddam Azlan Salim proposed the bill on Jan. 9, which aims to exempt miners from obtaining money transmitter licenses and prohibits targeted ordinances:
“No license under this chapter shall be required of any person engaging in-home digital asset 37 mining, digital asset mining, or digital asset mining business activities, as those terms are defined in § 38 15.2-2288.9.”
The new crypto work group will consist of 13 members: five from the Senate, five from the House of Delegates, two nonlegislative citizen members from the blockchain industry and one nonlegislative citizen representing the local government.
The group has been given a deadline of Nov. 1, 2024, to conclude all of its studies related to the cryptocurrency ecosystem and share recommendations “no later than the first day of the 2025 Regular Session of the General Assembly.”
Related: U.S. Virginia introduces bill to protect digital assets mining rights
While other U.S. states, such as New York and Florida, rank higher in promoting various aspects of crypto, the state is home to one of the largest investors interested in Bitcoin BTC $67,984 and Ether ETH $3,790.
In a report shared by CoinGecko, internet users from California accounted for 43% of all Bitcoin and Ethereum web traffic searches on the crypto tracking website. Other states with a strong interest in the two cryptocurrencies include Illinois and Washington, followed by Pennsylvania, Texas, Virginia, Georgia and Arizona.
A recent Virginia proposal sought the allocation of a yearly general fund of $22,048 and $17,192, respectively, to the two newly formed commissions on artificial intelligence and cryptocurrency in the state of Virginia.
Source: Cointelegraph
The post Virginia passes crypto-friendly bill to foster blockchain expansion appeared first on HIPTHER Alerts.
WadzPay, a leading fintech company specialising in blockchain based technology for virtual asset payment solutions, is proud to announce its plan to enter the Stablecoin business, marking a significant expansion of its offerings. With a steadfast commitment to innovation and addressing evolving market demands, the company has strategically positioned itself to capitalise on the growing opportunities within the virtual asset financial services space.
ZettaBlock, a leading provider of blockchain solutions, has recently announced a significant enhancement to its offerings with the addition of blockchain data services. This development marks a strategic move aimed at bolstering ZettaBlock’s capabilities and further solidifying its position in the blockchain industry.
By integrating blockchain data services into its portfolio, ZettaBlock seeks to address the growing demand for comprehensive and reliable data solutions within the blockchain ecosystem. The new offering will enable clients to access a wealth of blockchain data, empowering them to make informed decisions and derive valuable insights from the vast amount of information available on various blockchain networks.
ZettaBlock’s decision to expand its services comes at a time when the importance of blockchain data analytics is increasingly recognized across industries. With blockchain technology continuing to gain traction and adoption worldwide, the ability to effectively harness and analyze blockchain data has become crucial for businesses and organizations seeking to unlock new opportunities and drive innovation.
Through its blockchain data services, ZettaBlock aims to cater to the diverse needs of its clients, providing them with access to real-time and historical data from a wide range of blockchain networks. This includes transaction data, smart contract metrics, network activity, and more, allowing users to gain deeper insights into blockchain transactions and activities.
The addition of blockchain data services represents a significant milestone for ZettaBlock, underscoring the company’s commitment to delivering cutting-edge solutions that meet the evolving needs of the blockchain industry. As businesses increasingly recognize the value of blockchain data in driving decision-making and enhancing operations, ZettaBlock’s comprehensive data services are poised to play a key role in shaping the future of blockchain analytics.
Source: cryptonewsz.com
The post ZettaBlock announces the addition of blockchain data appeared first on HIPTHER Alerts.
-
Blockchain24 hours agoMeritrust Credit Union Joins Metal Blockchain’s Banking Innovation Program
-
Blockchain7 days agoExisting Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak
-
Blockchain Press Releases3 days agoCoinRoutes partners with Coinbase International Exchange to improve institutional access to perpetual futures
-
Blockchain Press Releases3 days agoBosera HashKey Bitcoin and Ether Spot ETFs Officially Launch on HKEX with Two-Way Investment Flexibility
-
Blockchain4 days ago
RFK Jr.’s blockchain idea, Ethereum ETF approval in question, Bitcoin’s unlikely bull run | Weekly Recap
-
Blockchain3 days ago
Cryptocurrency market sees decline as Bitcoin and Ethereum slip
-
Blockchain Press Releases3 days agoKuCoin Campus Survey Reveals: 88% of Participants Eager to Build Careers in Blockchain
-
Blockchain7 days ago
FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers
