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   718

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.

Messari to Raise $4M

According to the CEO of the startup more than 60 cryptocurrency projects use company's services
14 November 2019   104

A crypto-industry-specific startup, Messari, has completed a funding round led by Uncork Capital, which also included Blockchain Capital, CoinFund, Danhua Capital, Fenbushi Capital, Coinbase Ventures and former Coinbase technical director Balaji Srinivasan.

Former Managing Director of CoinDesk and CEO of Messari, Ryan Selkis, noted that now more than 60 cryptocurrency projects, as well as “the world's largest exchanges, funds and information service providers” use his company’s services. According to him, the funds raised will be used to automate the processes of receiving and processing data, as well as to expand the product line.

Founded a year ago, the company previously raised $ 1 million in seed investment from Danhua Capital, Blockchain Capital, Anthemis Group and other venture capital firms.

In the third quarter, Messari introduced a regulatory compliance asset monitoring service that also measures the market supply of coins. In addition, the company launched a beta version of the Messari Pro platform, which includes a set of professional tools for market analysis.