Nevada News

The crypto exchange claims it is fully regulated, and the CFTC has jurisdiction over its sports contracts, not the state of Nevada.

The announcement’s timing is noteworthy, with the 2024 US presidential race having finished a month prior.

Prime Trust will have the opportunity to show why a petition from the Nevada Financial Institutions Division should not be permanently granted in an Aug. 22 hearing.

The CEO and other top executives are accused of a breach of fiduciary duties, unjust enrichment and wasting corporate assets.

The filing suggested Prime Trust had financial liabilities to its users totaling more than $82 million in fiat and $800,000 in crypto.

Nevada’s business regulator issued a cease and desist order to the crypto custodian, alleging it has a “shortfall of customer funds.”

The city of Reno, Nevada is developing its own DAO and NFT system on top of the Tezos blockchain network, Mayor Hillary Schieve said.

CEO Jeffrey Berns says the smart city could incorporate digital currency payments for goods and services as well as records on the blockchain.

It would seem that Mayor Hillary Schieve of Reno, Nevada is a supporter of Chainlink's blockchain oracle project.

Huobi Group is setting up a trust company in Nevada after closing down the U.S. subsidiary in 2019

A failed attempt to increase licensing obligations for Bitcoin ATMs earlier this year has returned to the spotlight.

The CEO of Blockchains LLC bought a bank in Nevada, citing financial inclusion, running a regulatory sandbox and issuing blockchain-based banking tools as motivations.

The University of Nevada, Reno’s Intelligent Mobility will work with blockchain firm Filament to develop an autonomous vehicle smart city project.

Representatives from blockchain- and crypto-related companies protested a bill in a committee hearing in the Nevada State Senate.

Blockchain is facing some obstacles to acceptance at local government level in Nevada despite proactive policy.