Arizona news
Arizona senator doubles down on crypto amid the winter of discontent: Law Decoded, Jan. 23-30
Even though this winter continues to stress test the case for Bitcoin (BTC) advocation, some lawmakers strive to put their names on the crypto hot list among the likes of United States Senators Cynthia Lummis and Pat Toomey. State Senator Wendy Rogers, 68, introduced two bold bills in the Arizona legislature. One focuses on making BTC legal tender in the U.S. state. If passed into law, BTC will have the same status as the U.S. dollar, becoming an accepted medium of exchange for debt payment, public charges, taxes and dues in the state. The bill is not Rogers’ first attempt …
Regulation / Jan. 30, 2023
State senator pushes bill to make Bitcoin legal tender in Arizona
Wendy Rogers, a state senator in Arizona, United States, has launched bills concerning cryptocurrency, including one that aims to make Bitcoin (BTC) a legal tender in Arizona. In a recent tweet, Rogers cited data from investment firm Goldman Sachs that BTC is the best-performing asset in the world and announced that she launched a set of crypto bills. “Breaking: #Bitcoin is the best performing asset in the world this year according to data from Goldman Sachs.” Launched my #Crypto bills today, as well as Photo Radar Prohibition, which included nearly all my Republican senator colleagues as cosponsors @JeffWeninger @JDMesnard pic.twitter.com/ueUeFSEybo …
Bitcoin / Jan. 27, 2023
Arizona lawmakers seek to make crypto a tax-exempt property
Lawmakers in the Arizona State Senate are considering a bill aimed at having voters decide whether virtual currency is exempt from property taxation. In legislation introduced to the first session of the Arizona State Senate in 2023, Senators Wendy Rogers, Sonny Borrelli, and Justine Wadsack proposed having Arizona residents decide on amending the state’s constitution in regards to property taxes. Should the measure pass the legislature, voters could choose whether virtual currency — specifically not “a representation of the United States dollar” — be tax exempt in the state in November 2024. Under Arizona’s constitution, all federal, state, county and …
Regulation / Jan. 24, 2023
Arizona State University adopts blockchain-based app to track COVID-19
Open The New York Times' rolling survey of coronavirus cases on United States college campuses, and the picture looks bleak: As of Nov. 5, over 252,000 cases had been confirmed across 1,600 colleges nationwide. The spread of infection, combined with an at best incompetent and at worst cynical and exploitative policy toward college students and staff has resulted in university communities facing stringent quarantines in unsafe accommodations or being summarily sent home. All the while, students are expected to foot the bill for the full cost of their tuition fees. With over 2,500 reported cases as of Nov. 5, Arizona …
Technology / Nov. 19, 2020
Critical Mining Hardware Manufacturer to Launch Second US Factory
The world’s largest semiconductor manufacturer and third-largest chip manufacturer, Taiwan Semiconductor Manufacturing Co., or TSMC, has announced plans to build a $12 factory in Arizona. The move comes after TSMC suffered significant disruptions across its supply chain amid the coronavirus outbreak in China. With Bitmain relying on TSMC for its next-generation chips and wafers, disruptions to TSMC specifically have been cited among the reasons for delays in shipping for its new Antminer S19 ASICs. TSMC to open Arizona factory The factory’s construction is slated to commence next year, with TSMC hoping the facility will begin producing 5-nanometer transistors in 2024. …
Technology / May 17, 2020
Arizona to Test Marijuana-Oriented Stablecoin in State Fintech Sandbox
The state of Arizona has accepted a blockchain-based, cannabis industry-oriented payments solution into its fintech sandbox. According to a recent press release from the Office of the Attorney General, the company — called Alta — is a cash management solution for licensed medical marijuana providers and vendors. The Arizona-based financial services startup intends to offer a stablecoin that is pegged 1:1 with the United States dollar. During its sandbox testing phase, Alta will trial its member onboarding and remittances platform. The end goal of the platform is to let users pay for goods and services using the stablecoin instead of …
Blockchain / Aug. 1, 2019
Arizona State University to Use SalesForce Blockchain for Academic Records
Arizona State University is working with local community colleges on using blockchain to innovate data sharing for academic records. The development was reported by university news site Inside Higher Ed on July 9. Arizona State aims to use blockchain to establish whether students who transfer from community colleges have already earned enough credits to be awarded an associate’s degree — an intermediary qualification between a high school diploma and a full-fledged bachelor’s. Tracking credits during this process — known as a reverse transfer — becomes complex and time-consuming to navigate: in addition to mere data exchange, colleges are required to …
Adoption / July 9, 2019
‘Bitcoin Baron’ Hacker Arrested By Police in Arizona
The notorious “Bitcoin Baron” hacker has been remanded in custody in Arizona following a six-month police investigation. The serial DDoS attacker, whose real name is Randall Charles Tucker, has openly written and gone on record about his favored practice of taking down websites of government authorities he considers to have committed injustices. The episode which ultimately led to his arrest, Open Ledger reports, involved a YouTube video and an email sent to Arizona local authorities threatening to compromise their systems following the release of a convicted felon who later committed murder. “Hello, My name is Bitcoin Baron and I have …
Bitcoin / April 14, 2015