Michigan Bill May Make It Illegal to Fake Blockchain Data

This is the first attempt by the state of Michigan authorities to introduce regulations on the cryptoindustry
14 June 2018   623

The state of Michigan is considering two draft laws that classify changes in the data in the blockchain as a crime. This is reported by CoinDesk.

As reported, first of two bills presented earlier this month by state representative Curt WanderWall tweaks the state's penal code pertaining to those who "makes, alters, forges or counterfeits a public record." Under the proposed legislation, this would be extended to "a person that accomplishes a violation...by altering a record made utilizing distributed ledger technology."

The second document includes changes to the current criminal code of Michigan. In particular, lawmakers suggest defining the terms "cryptocurrency" and "distributed ledger technology".

Both bills have already been submitted to the US Justice and Justice Committee.

Note, this is the first attempt by the state of Michigan authorities to introduce regulations on the cryptoindustry. In 2015, the management of the Michigan Department of the Treasury issued a paper, which explained that the purchase of a cryptocurrency is not taxed.

EOS to Buy $30M Worth Domain For Its Social Network

Earlier, CEO reported that his company will spent about $150M to develop Voice, and looks like "voice.com" purchase for $30M is one of the first steps
19 June 2019   71

The Block.One company, known for developing the EOS blockchain protocol, acquired a domain for its new social network Voice for $ 30 million. This is evidenced by documents published on the website of the US Securities and Exchange Commission (SEC).

Documents were provided by MicroStrategy, an analytical and mobile software provider. It follows the “voice.com” domain, registered in the GoDaddy domain name registry, was transferred to the EOS developer on May 30, 2019. After 2 days, Block.One officially announced preparations for the launch of a social network.

Block.one has made a smart strategic decision in choosing Voice.com to be the internet domain name for its new social media platform. The word ‘voice’ is simple and universally understood. It’s also ubiquitous — as a search term, it returns billions of results on the internet. An ultra-premium domain name like Voice.com can help a company achieve instant brand recognition, ignite a business, and massively accelerate value creation.
 

Marge Breya 

Senior Executive Vice President and Chief Marketing Officer, MicroStrategy Incorporated. 

The commercial model of MicroStrategy is based, among other things, on the accumulation and sale of such expensive domain names.

According to Block.One, the identification of users and the use of the EOS blockchain in the social network will help to avoid the massive influx of bots, which often affect other members of this niche. Earlier, CEO Block.One Brendan Blamer reported that his company spent about $ 150 million to develop Voice.