California is one of the fifty US states located on the West Coast of the country. It is the first state in the USA in terms of GDP and is popular for its climate and multinational composition of its population. California is also famous because of Silicon Valley, which is the world’s center for digital technologies, the electronic industry and scientific research. In terms of Bitcoin in California, authorities are in the process of approving California’s Bitcoin License so that it can be possible to regulate operations using cryptocurrency. Using Bitcoin in California is definitely legal. However, getting this license will have a higher cost relative to other states. In addition, because of the high density of leading technology companies, Bitcoin conferences in California are quite frequent events that host famous cryptocurrency experts and speakers.
The consolidated class-action lawsuit against the Tezos Foundation appears likely to end in a $25M settlement which might forestall further SEC action.
Tezos Likely Avoiding SEC Action With $25M Class-Action Lawsuit Settlement
A Californian homeowner is suing a prospective buyer for attempting to pay for 30% of the property using a “worthless” cryptocurrency.
Home Seller Sues Buyer Over Payment in ‘Fool’s Gold’ Token
Alongside the internet, cryptocurrencies have made the world a global village. Here is a list of countries that are ideal for crypto enthusiasts to live in.
The Crypto Enthusiast’s Dream: Top Countries That Tick All the Boxes
New legislation in California may help establish definitions of digital assets as securities, though nationwide impact is uncertain.
New Bill Would Presume That Digital Assets Are Not Securities in California
Diversified holding company DPW Holdings suspends its crypto mining business Digital Farms about 2 months before Bitcoin halving.
US Holding Firm Halted Mining Business After Bitcoin Crashed Below $4K
A class action suit against Ripple Labs may set precedent for cryptocurrencies that aren't securities to face putative claims.
Ripple Court Ruling May Expand Legal Action Potential Against Crypto
A California judge has ruled startup ICOBox must pay $16 million after the firm failed to acknowledge initial legal action from the SEC.
ICOBox Startup Fails to Acknowledge US SEC Action, Owes $16M