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Cryptocurrency Daily Roundup - Feb.5


Here is a summary of some of the widely followed stories on cryptocurrency and blockchain during the past 24 hours.

Bill Allowing New Hampshire To Accept Taxes In Crypto In Crucial Stage

A Bill allowing New Hampshire state agencies to accept cryptocurrencies as mode of payment for taxes has been unanimously approved by the House Subcommittee. The law will address any accounting, valuation, and management issues related to the acceptance of cryptocurrency, and identify a third party payment processor that will process cryptocurrency transactions at no cost to the state. 

Overstock Blockchain Unit To Develop Land Records Platform In Mexico

Online retailer Overstock.com announced that its blockchain-meets-property rights unit has signed a Memorandum of Understanding or MOU in Mexico to develop a digital land records platform. The blockchain-based unit Medici Land Governance or MLG will work jointly with the municipality of Tulum in Quintana Roo, Mexico to develop the platform.

U.S. Crypto exchange Karken buys U.K.'s Crypto Facilities

U.S.-based cryptocurrency exchange Karken acquired U.K.-based crypto derivatives trading platform Crypto Facilities to expand operations in the European market by offering futures trading in cryptocurrencies such as Bitcoin. It is claimed to be a "nine-figure" deal, Kraken's largest acquisition to date and one of the largest in the crypto industry. The products and services provided by Crypto Facilities will complement Kraken's core spot exchange and Over-The-Counter (OTC) service.

20-year-old Indicted For Stealing Funds Through 'SIM Swapping'

Manhattan District Attorney Cyrus Vance, Jr. announced the indictment of 20-year-old Dawson Bakies for stealing the identities and funds of more than 50 victims across the United States in a sophisticated "SIM swapping" scheme executed from his Ohio home. Bakies is charged in a New York State Supreme Court indictment with Identity Theft, Grand Larceny, Computer Tampering, and Scheme to Defraud, among other charges.

Current Prices

As of this writing, Bitcoin is rising 0.39 percent or $13.38 at $3414.40 on Coinbase. Ethereum is down 0.18 percent or $0.19 at $105.61.

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