Ohio Becomes Latest US State to Legally Recognize Blockchain Data

Ohio Becomes Latest US State to Legally Recognize Blockchain Data

Ohio has become the latest U.S. state to legally recognize data stored and transacted on blockchain. The news comes after lawmakers from the state introduced a bill in May that sought to treat blockchain data and smart contracts as electronic records in a bid to provide safe harbor for the emerging technology. Part of the wording from that bill (SB 300) was later incorporated into a later piece of legislation (SB200), which was approved by the state’s senate in June and finally signed by the governor into Ohio law on Friday, according to a release published Monday. As passed, Ohio’s Uniform Electronic Transactions Act has been amended from the prior version to state that “a record or contract that is secured through blockchain technology is considered to be in an electronic form and to be an electronic record.” Electronic signatures secured through blockchain technology are also considered to have the same legal standing as any other electronic signatures defined under the act. However, initially proposed language to amend the law to recognize smart contracts has been omitted from the passed bill. As previously reported by CoinDesk, SB 300 originally suggested making it clear that electronic contracts can’t be denied legal effect or enforceability just “because the contract contains a smart contracts term” – wording would have cleared the way for smart contracts to be used for legal documents in the state. Elsewhere in the U.S., the state of Arizona has also passed a bill recognizing the legal status of data stored and transacted on a blockchain, while politicians in California have been working on a similar piece of legislation since February. However, the states of Florida and Nebraska have both postponed their proposed bills indefinitely. Ohio flag image via Shutterstock The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Ethereum Classic Tops $2 Billion to Set 3-Month Price High

Ethereum Classic Tops $2 Billion to Set 3-Month Price High

There’s a new top 10 cryptocurrency. As of press time, the total value of all ether classic (ETC), the cryptocurrency that powers the ethereum classic blockchain, in circulation has topped $2.2 billion, a move that helped it leap from 12th place at the start of the day to 10th place according to CoinMarketCap data. Best known as the original ethereum blockchain, or the version in which funds stolen in a high-profile 2016 hack still belong to the attacker, ethereum classic is benefiting from tailwinds provided by major market listings. Already, August 6 has seen the addition of ETC to U.S. crypto brokerage Robinhood’s trading platform, news that was followed by a pop in the price amid access to new market liquidity. As a result, the listing could be seen as a catalyst that helped ETC scale significant resistance at $19, a level it failed to scale on multiple occasions. Propelled in part by the announcement, ETC is currently up 8.5 percent on the day, a figure that has helped it gain ground on competing cryptocurrencies. At 2:00 UTC, ether classic passed MIOTA, the cryptocurrency that powers the IOTA blockchain, claiming the 10th spot on the CoinMarketCap chart and creating a fresh 3-month high of $20.37. Bitfinex data shows ether classic had largely traded between $14.18 and $18.99 since the middle of May, slipping only once below. However, an announcement from Coinbase, one which declared ETC’s listing on its exchange, helped push prices higher on June 21. As a result of increased retail investor interest spurred on by greater market accessibility, traders are once more switching over to ether classic, an activity that could continue ahead of Coinbase’s expected listing tomorrow. Daily Chart The daily chart for ether classic is in favor of the bulls with a widening of the MACD lines (blue and orange) and the histogram ticking up, confirming the strength of its most recent move. Further, a spike in bullish volume seen on August 3 and 6 provided substantial backing to nudge it over the $19 resistance line, which had acted as a stiff psychological barrier since May 13. A pullback is expected in the coming days as the Relative Strength Index (RSI) breached its highest levels in three months at 64.87 points and began to curve down, marking the…

PR: Stemcell-pj – Tech to Reverse Ageing: Blockchain Startup Joins the Fight for Longevity

PR: Stemcell-pj – Tech to Reverse Ageing: Blockchain Startup Joins the Fight for Longevity

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. The mythical fountain of youth. The tales of it appeared in writings by Herodotus, it was sought by the emperors of ancient China, for its sake alchemists spent years trying to create a philosopher’s stone. Centuries have passed, technological progress inexorably moves forward, but the issue of reversing the age is still hanging at poise. All over the world hundreds of clinics and laboratories spend millions of dollars searching for a way to slow down biological time. Now, in the heyday of blockchain and cryptocurrencies, high-tech startups are also joining the race for eternal youth. Chameleon-like cells According to the World Bank, about 8.7 percent of the world’s population is people over the age of 65. This is about 652 million humans! The forecasts are even more discouraging: the ageing population grows at an unprecedented rate and the percentage is projected to reach nearly 17 percent by 2050. The life expectancy increases as well. But a longer life does not necessarily mean a better life. With age, a person inevitably loses strength, beauty and is prone to serious chronic diseases. With the latter years comes an ever-growing risk factor for degenerative illnesses and the development of malignant tumors, Alzheimer’s disease, or dementia. By defeating ageing, we might overcome many diseases. And vice versa – preventing and curing these illnesses we may finally find longevity. For more than a decade, stem cell therapy has been at the forefront of a struggle against ageing and severe diseases. Stem cells are the “universal” building blocks – progenitors of all cell types in our body. They are able to repeatedly divide and transform into cells of any organ. Simply put, if the body needs to regenerate a tissue, stem cells have the capacity to transform into these required tissue cells. The same happens with bones, muscles, tendons. So, the body repairs itself with no medications or surgeries involved. Stem cell therapy is already being used to treat tendon ruptures and serious diseases like leukemia…

Trigger Warning: Why the 3D-Printed Gun Debate Matters to Crypto

Trigger Warning: Why the 3D-Printed Gun Debate Matters to Crypto

Marc Hochstein is the managing editor of CoinDesk. The views expressed here are his own, so please don’t blame his colleagues. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. While it may seem only tangentially related to cryptocurrency, the fight in the U.S. over publication of software for 3D printed firearms bears close watching by the whole blockchain community. The word “publication” should give you a hint why, as the case highlights freedom-of-speech issues that may resurface in future attempts by governments to regulate crypto and distributed networks. More broadly, the groundswell of media hysteria and political grandstanding around this issue is a reminder of the type of resistance any game-changing technology is bound to meet. Stepping back, last week a federal judge issued a temporary restraining order (TRO) against Defense Distributed, a company founded by the provocateur and crypto-anarchist Cody Wilson. The order barred the Austin, Texas-based firm from posting computer-aided design (CAD) files online for weapons that can be manufactured at home with a 3D printer or a computer numerical control (CNC) milling machine. Wilson had recently celebrated victory in a long-running fight with the federal government, which settled with his company and agreed to let it distribute the technical information, throwing in the towel on claims that doing so would violate munitions export rules. This capitulation prompted gasps of outrage from the likes of Senator Chuck Schumer of New York. Shortly thereafter, attorneys general from eight states and the District of Columbia sued to stop the settlement, claiming it violated administrative procedure law and states’ rights under the 10th Amendment to the Constitution. In response to that suit, the judge issued the TRO, which Defense Distributed abided by, refraining from posting the files. However, they are still available all over the internet. Is code speech? Wilson is a familiar figure in the crypto world, in part because of his work on Darkwallet, a privacy-enhancing bitcoin wallet, and also for his campaign to dismantle the Bitcoin Foundation during that organization’s heyday. But the relevance of Defense Distributed’s current struggle to the blockchain world goes deeper than that coincidence. “Winning this fight could prove crucial for bitcoin and other crypto projects,” Peter Todd, the perspicacious…

West Virginia to Offer Blockchain Voting Statewide in Midterm Elections

West Virginia to Offer Blockchain Voting Statewide in Midterm Elections

West Virginia is rolling out a blockchain-based mobile voting app to all of the state’s 55 counties so that military personnel stationed abroad can more easily cast their ballots in the midterm elections. CoinDesk previously reported that the state piloted the blockchain app in May for deployed military staff and their dependents from Harrison and Monongalia counties. Secretary of State Mac Warner said at the time that the plan was to extend the effort statewide during the midterms in November if the pilot proved to be successful. Now, according to CNN, Warner’s office claims that a round of four audits of the application’s blockchain infrastructure was completed following the pilot phase and “revealed no problems.” The app was developed and deployed by voting technology startup Voatz, which said the tech encodes and stores ballot data on a decentralized network, ensuring voting information is securely encrypted and quickly transacted. That said, Warner’s deputy chief of staff, Michael Queen, was quoted by CNN as saying that the state will leave the final decision to individual counties whether they will use the app come election time. While it remains to be seen how the overall adoption will play out in the state, technology experts have already weighed in, with one calling the idea of mobile voting “horrific.” Joseph Lorenzo Hall, the chief technologist at the Center for Democracy and Technology, told the network: “It’s internet voting on people’s horribly secured devices, over our horrible networks, to servers that are very difficult to secure without a physical paper record of the vote.” Ballot image via Shutterstock The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Bitmain Launches Key Crypto Mining Facility in Texas

Bitmain Launches Key Crypto Mining Facility in Texas

Mining Bitmain Technologies Ltd. is launching a crypto mining facility and blockchain data center in the U.S. state of Texas at a former aluminum smelting facility with a recently-retired coal power station. The company is reportedly getting a tax abatement phased in over 10 years. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Crypto Mining Facility in Texas Bitmain Technologies Ltd. announced Monday the launch of its newest blockchain data center and mining facility in a rural part of the U.S. state of Texas. According to the company’s announcement: The Milam County blockchain data center and cryptocurrency mining facility represents a key component of Bitmain’s strategic investment and expansion plans within North America. The facility will be located in the city of Rockdale, roughly 50 miles northeast of Texas’ capital, with an estimated population of 5,595. It will occupy a section of the former Alcoa Rockdale operations site which includes an aluminum smelting facility and a recently-retired coal-burning power plant. Alcoa Inc. is the world’s sixth largest producer of aluminium. Milam County Judge Dave Barkemeyer confirmed to local newspaper Temple Daily Telegram last week that Bitmain is moving to the county. With the construction and facility setup underway, the facility is expected to be completed “early in the fourth quarter of 2018, with the data center initiation in early 2019,” according to the mining giant. “Bitmain is working with Alcoa Inc. to repurpose the former aluminum smelter to become the home of Bitmain Technologies Ltd. site,” the publication elaborated, adding: An incentive plan that includes a tax abatement phased in over 10 years was approved by the Milam County Industrial Development Corp. and the Milam County Commissioners Court. Founded in 2013 and headquartered in Beijing, the global semiconductor and electronics manufacturing company has offices in Amsterdam, Hong Kong, Tel Aviv, Qingdao, Chengdu, Shanghai and Shenzhen. Bitmain owns several brands including Antminer, Antpool, and Hashnest. The company was recently valued at $12 billion. $500+ Million Investment & 400+ Jobs The facility “represents an investment of more than US $500 million by Bitmain over an initial period of seven years into the local, county, and statewide economies,” according to the company’s announcement. Bitmain expects to bring in 400 local jobs to the Rockdale economy over the first…

West Virginia to Offer Statewide Blockchain Voting in Midterm Election

West Virginia to Offer Statewide Blockchain Voting in Midterm Election

Officials from West Virginia are bringing a blockchain-based mobile voting app to all 55 counties in the state in a move aimed to allow absentee voters in the military to cast ballots remotely in the midterm election. CoinDesk previously reported that the state piloted the blockchain app in May that allowed deployed military personnel and their dependents from Harrison and Monongalia counties to cast ballots in the primary election. Mac Warner, West Virginia’s Secretary of State, said at the time that the plan was to extend the effort statewide during the midterm general election in November if the pilot proves to be successful. And CNN reported on Monday that Warner’s office claimed that a round of four audits of the application’s blockchain infrastructure was completed following the pilot phase and “revealed no problems.” The app is developed and deployed by voting technology startup Voatz, which said the tech encodes and stores data of ballots via a decentralized network in a bid to ensure voting information is encrypted and transacted more promptly. That said, Warner’s deputy chief of staff Michael Queen was quoted by CNN saying that the state will leave the final decision to individual counties whether they will use the nascent tech. While it remains to be seen how the overall adoption will play out in West Virginia ahead of the November election, technology experts already weighed in, calling the idea of mobile voting to be “horrific.” Joseph Lorenzo Hall, the chief technologist at the Center for Democracy and Technology, told the network: “It’s internet voting on people’s horribly secured devices, over our horrible networks, to servers that are very difficult to secure without a physical paper record of the vote.” Ballot image via Shutterstock The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Ethereum Classic Tops $2 Billion to Set 3-Month High

Ethereum Classic Tops $2 Billion to Set 3-Month High

There’s a new top 10 cryptocurrency. As of press time, the total value of all ether classic (ETC), the cryptocurrency that powers the ethereum classic blockchain, in circulation has topped $2.2 billion, a move that helped it leap from 12th place at the start of the day to 10th place according to CoinMarketCap data. Best known as the original ethereum blockchain, or the version in which funds stolen in a high-profile 2016 hack still belong to the attacker, ethereum classic is benefiting from tailwinds provided by major market listings. Already, August 6 has seen the addition of ETC to U.S. crypto brokerage Robinhood’s trading platform, news that was followed by a pop in the price amid access to new market liquidity. As a result, the listing could be seen as a catalyst that helped ETC scale significant resistance at $19, a level it failed to scale on multiple occasions. Propelled in part by the announcement, ETC is currently up 8.5 percent on the day, a figure that has helped it gain ground on competing cryptocurrencies. At 2:00 UTC, ether classic passed MIOTA, the cryptocurrency that powers the IOTA blockchain, claiming the 10th spot on the CoinMarketCap chart and creating a new 2018 high of $20.37. Bitfinex data shows ether classic had largely traded between $14.18 and $18.99 since the middle of May, slipping only once below. However, an announcement from Coinbase, one which declared ETC’s listing on its exchange, helped push prices higher on June 21. As a result of increased retail investor interest spurred on by greater market accessibility, traders are once more switching over to ether classic, an activity that could continue ahead of Coinbase’s expected listing tomorrow. Daily Chart The daily chart for ether classic is in favor of the bulls with a widening of the MACD lines (blue and orange) and the histogram ticking up, confirming the strength of its most recent move. Further, a spike in bullish volume seen on August 3 and 6 provided substantial backing to nudge it over the $19 resistance line, which had acted as a stiff psychological barrier since May 13. A pullback is expected in the coming days as the Relative Strength Index (RSI) breached its highest levels in three months at 64.87 points and began to curve down, marking the…

For Wall Street, Bitcoin ETF Decision Could Answer ‘$1 Billion’ Question

For Wall Street, Bitcoin ETF Decision Could Answer ‘$1 Billion’ Question

“I wish I knew the answer to your $1 billion question. Seriously.” That’s Gabor Gurbacs, director of digital asset strategy at New York-based investment management firm VanEck, the company has been making headlines of late for a proposed bitcoin exchange-traded fund (ETF). No lightweight in the arena, though, the VanEck proposal has been deemed by some to have the best shot of being approved by the U.S. Securities and Exchange Commission (SEC). Indeed, all eyes are on the SEC in the wake of its comment period, with a possible yes or no – or further delay – expected by Friday. Even so, Gurbacs is cautious about what to expect from the SEC in coming months. When asked what he suspected the outcome would be, he deferred. He told CoinDesk: “Unfortunately, I don’t know the answer. I do know that we have addressed market structure issues and this is a chance for regulators to bring bitcoin under existing frameworks and protect investors.” Still, if the measure fails, it won’t be for a lack of effort. For one, VanEck’s specific proposal came about nearly three years ago when SolidX, a financial technology company also headquartered in New York, first began to work toward bringing a bitcoin ETF to market. Since a partnership between VanEck and SolidX, announced in early June, commentary on the matter has since significantly increased in favor of approval. And it’s not just crypto investors who are pushing the concept, but economists, CEOs, financial analysts and even one SEC commissioner herself (though the latter was made in support of a different bitcoin ETF proposal). The difference So, what makes the VanEck-SolidX bitcoin ETF unique? Simply put, it’s different from past efforts such as the recently rejected Winklevoss ETF. As Gurbacs explained, “it is an insured product.” As such, the physical bitcoins backing ETF shares would be covered in case of “theft and hacks and losses of all sorts.” This, however, isn’t the selling point for Phil Bak, a former managing director at the New York Stock Exchange and current CEO of Exponential ETFs. The way Bak sees in, the insurance aspect of the VanEck/SolidX proposal may be useful but “could also open up a can of worms and more questions,” explaining that “[the SEC is] always going to…

Ethereum Classic Tops $2 Billion to Set New 2018 Price High

Ethereum Classic Tops $2 Billion to Set New 2018 Price High

There’s a new top 10 cryptocurrency. As of press time, the total value of all ether classic (ETC), the cryptocurrency that powers the ethereum classic blockchain, in circulation has topped $2.2 billion, a move that helped it leap from 12th place at the start of the day to 10th place according to CoinMarketCap data. Best known as the original ethereum blockchain, or the version in which funds stolen in a high-profile 2016 hack still belong to the attacker, ethereum classic is benefiting from tailwinds provided by major market listings. Already, August 6 has seen the addition of ETC to U.S. crypto brokerage RobinHood’s exchange, news that was followed by a pop in the price amid access to new market liquidity. As a result, the listing could be seen as a catalyst that helped ETC scale significant resistance at $19, a level it failed to scale on multiple occasions. Propelled in part by the announcement, ETC is currently up 8.5 percent on the day, a figure that has helped it gain ground on competing cryptocurrencies. At 2:00 UTC, ether classic passed MIOTA, the cryptocurrency that powers the IOTA blockchain, claiming the 11th spot on the CoinMarketCap chart and creating a new 2018 high of $20.37. Bitfinex data shows ether classic had largely traded between $14.18 and $18.99 since the middle of May, slipping only once below. However, an announcement from Coinbase earlier this month, one which declared ETC’s listing on its exchange, helped push prices higher on June 21. As a result of increased retail investor interest spurred on by greater market accessibility, traders are once more switching over to ether classic, an activity that could continue ahead of Coinbase’s expected listing tomorrow. Daily Chart The daily chart for ether classic is in favor of the bulls with a widening of the MACD lines (blue and orange) and the histogram ticking up, confirming the strength of its most recent move. Further, a spike in bullish volume seen on August 3 and 6 provided substantial backing to nudge it over the $19 resistance line, which had acted as a stiff psychological barrier since May 13. A pullback is expected in the coming days as the Relative Strength Index (RSI) breached its highest levels in three months at 64.87 points and began to curve down,…