Canadian Blockchain Startup Expands Into Wyoming

Nova Scotia-based blockchain startup BlockCrushr has chosen Wyoming for its new corporate subsidiary
12 February 2018   719

The startup chose this state due to the state’s openness to both the technology and cryptocurrencies. The state legislature suggests the startup is confident about the prospects of the policy.

The state is currently working on several blockchain-related proposed policies, including Bill HB0070. This bill supports a digital coin issued on an open blockchain that’s not subject to securities and money transmission regulations as long as it meets a set of the following criteria:

  • digital tokens are not marketed to the public as investments

  • token users  can exchange it for goods or services

  • there are no repurchase agreements involved

  • the token issuer must not be a broker-dealer or in any way deal in securities

This bill was introduced in January and sponsored by a trio of lawmakers. Policymakers are looking to enact the bill in July 2018.

Bill HB0070 would be a blessing to BlockCrushr Wyoming. The startup is in the process of being incorporated and is located in Cheyenne-based coworking space The Second Floor @ the Paramount.

Wyoming is one of the best places in the U.S. to do business. Between low startup costs, the most business-friendly tax system in the country, and lawmakers who are focused on supporting and fostering the growth of innovative business and technology, Wyoming just makes sense.

Scott Burke

BlockCrushr Labs chief

Sparkpool to Freeze $300k Reward

As reported, pool suggests that such a high commission could have been paid by someone in error and is considering the possibility of a refund
20 February 2019   68

The Sparkpool mining pool decided to freeze the remuneration in the amount of 2,103,1485 for the extraction of block # 7,238,290. The management of the organization suggests that such a high commission could have been paid by someone in error and is considering the possibility of a refund, CoinDesk reports.

The head of the Sparkpool Xin Xu argues that users of the pool understand and agree with the decision, given the size of the amount involved.

Unfortunately, and fortunately, blockchain is so far not completely run by machines; human are still involved. So we have an opportunity to correct the problem. Integrity is our pool’s priority.

Xin Xu

CEO, Sparkpool

While some users suggested that a large commission was paid by mistake, others admitted that this could be a goodwill gesture from an anonymous donor to the community of the miner or even an attempt to launder money through the blockchain cryptocurrency.