The Best in Crypto – 6/14/18

Michigan Introduces Bill to Prosecute Persons Who ‘Falsely Alter’ Data on Blockchain

The Michigan state legislature has introduced two bills that classify modifying data on a blockchain as a crime, House Bills 6257 and 6258. HB 6257 states any person who “falsely makes, alters, forges, or counterfeits a public record” and intends to “injure or defraud another person,” would be prosecuted of a “felony punishable by imprisonment for not more than 14 years” (Cointelegraph).

Adblock Plus to Use Blockchain to Detect Fake News

Adblock Plus developer eyeo GmbH will use blockchain technology in its browser extension Trusted News. According to its site, “the browser add-on labels fake news media while marking trustworthy sources and stories. Once added to the browser, the extension displays a small window with a brief description of a news source containing the labels ‘trustworthy’, ‘unknown’, ‘clickbait’ or even ‘satire'” (Cointelegraph).

Thailand’s SEC Expects to Approve 5 ICOs This Month

If the registrations pull through, Thailand will be one of the first nations to allow ICOs to proceed legally in a regulated environment (Coindesk).

Chinese Banks to Put Credit Blacklist on a Shared Blockchain

“Suning Bank developed the blockchain system in order to move its blacklist of suspect borrowers to a distributed database in an effort to allow collaboration with other banks on preventing credit fraud” (Coindesk).

Stephen Bannon Buys Into Bitcoin

Without revealing much about his crypto plans, Stephen Bannon believes “cryptocurrency can disrupt banking the way Mr. Trump disrupted American politics” (New York Times).

After targeting Li Xiaolai, a successful Chinese cryptocurrency investor and an early Bitcoin supporter, a Chinese entrepreneur who plans to create a blockchain “Uber”, Chen Weixing, may be in legal trouble over claims made about Xiaolai (Coindesk).

“Shatner is the spokesman for Solar Alliance, a Vancouver-based developer of alternative energy projects that announced plans to build a solar-powered Bitcoin mining operation in an abandoned southern Illinois factory… he said Illinois’ policy of requiring utility companies to buy renewable energy made the project economically feasible” (Chicago Tribune).

Bitcoin declined to $6,384.76 this morning – the lowest since February 6 (Forbes).

Should you buy Bitcoin now or is it too late?

What to know if you plan on buying now (Medium: Cryptonite).

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