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Bitcoin (BTC) mining company BIT Mining plans to invest $12.14 million to develop an 85 megawatts crypto mining center in Ohio. As the company that owns the entire mining pool business operated under BTC.com, BIT Mining set up a joint venture agreement with Viking Data Centers to establish the Bitcoin mining facility. As part of the JV agreement, BIT Mining will pay $10.84 million in cash to Viking Data with the remaining sum settled in cash or company stock. Following its investment in Viking Data and the subsequent JV agreement, BIT…
House Bill 220 would enable Ohio’s governmental bodies to use blockchain and DLT in their operations if signed into law. Source link
In the Ohio House of Representatives, Democrats have included a new voting system pilot based on blockchain as part of their elections law overhaul bill. The system will be used to count and track the votes of military personnel stationed outside of the US but registered to vote in Ohio. On May 5, the Ohio Democrats introduced the elections overhaul bill which requests the set up of a pilot program for blockchain voting specifically for Ohio registered U.S military voters stationed overseas. The bill was introduced by Democrat Reps. Beth…
Democrats in the Ohio State House of Representatives have proposed launching a blockchain voting pilot for overseas military voters registered in the Buckeye State. Introduced Tuesday as part of the Democrats’ elections law overhaul, the bill calls on Ohio’s Secretary of State Frank LaRose to “establish a pilot program” of blockchain voting specifically for uniformed service members stationed outside the U.S. The bill was introduced by Reps. Beth Liston and Michele Lepore-Hagan, and cosponsored by a further 16 Democrats. The proposal is unusually detailed on blockchain’s role. If passed, it…
Ohio resident Larry Dean Harmon, 36, has been charged with laundering more than $300 million in bitcoin for darknet marketplace AlphaBay. The man from Bath Township, about 30 miles south of Cleveland, was arrested Feb. 6 for conspiracy to commit money laundering, operating an unlicensed money transmitter business and money transmission without a license, according to cleveland.com. He is being prosecuted in the Northern District of Ohio. Prosecutors said Harmon played a major role in scrambling illicit cryptocurrency transactions for AlphaBay. He is alleged to have run a mixing service…
An Ohio man has been charged by the United States Securities and Exchange Commission for allegedly defrauding 150 investors in a cryptocurrency trading scheme. The SEC’s complaint, filed in federal court in New York on Feb. 11, accuses Michael W. Ackerman of raising at least $33 million in violation of anti-fraud provisions for federal securities laws. Luring investors via a private Facebook group for “Physician Dads” Ackerman’s scam was operated together with two unnamed founding partners, with whom he established the Q3 Trading Club in June 2017. This was followed…
In a press release issued on October 2, 2019, Ohio Treasurer Robert Sprague announced the suspension of the OhioCrypto.com website which allowed businesses to file their taxes with bitcoin (BTC.) A Short-Lived Affair Ohio’s love affair with the premier cryptocurrency didn’t last particularly long as on October 2, 2019, the state’s Treasurer, Robert Sprague, stated that Ohio was shutting down its bitcoin payment portal OhioCrypto.com that allowed business enterprises to pay their taxes with digital currency. Sprague added that after an internal review, it came to light that an official…
Ohio Treasurer Robert Sprague announced the immediate suspension of the OhioCrypto.com website that allows businesses to pay taxes with Bitcoin (BTC). In an Oct. 2 press release, Sprague announced that according to an internal review, approval by the Board of Deposit was required before Ohio launched the website that allowed businesses to pay taxes with digital currencies. Furthermore, the State Board of Deposit has asked Attorney General Dave Yost to further research the legalities of how the crypto portal was set up and whether BitPay — the third-party processor that…
On July 1, Joshua Green, CEO of the Bitcoin Cash (BCH) implementation Bitcoin Verde, told the BCH community that the local government from Dublin, Ohio plans to mint a token using the Simple Ledger Protocol (SLP). The unnamed SLP token will be used for city events, redeemed for city-branded swag, discounts, and can be given to volunteers who help Dublin prosper. Also Read: Iranians Defy Warning and Share Pictures of Bitcoin Mining in Mosque Dublin Ohio Plans to Launch a Token Using the Simple Ledger Protocol on Top of Bitcoin…