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| January 23, 2018

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FAA gives Alaska Airlines certificate to complete consolidation with Virgin America

January 13, 2018 |

The slow disappearing act of Virgin America has completed a crucial step: the Federal Aviation Administration has issued a license that allows Virgin America and Alaska Airlines to operate as one.

The “single operating certificate,” issued Thursday, sets the stage for Alaska Air Group to finish…

L.A. Times – Business

Jeff Bezos gives ‘Dreamers’ $33 million to pay for college

January 13, 2018 |

​​​​Amazon founder Jeff Bezos and his wife, MacKenzie Bezos, donated $ 33 million to fund 1,000 scholarships for Dreamers, immigrants who were brought to the United States illegally as children.

The money will go to TheDream.US, the largest scholarship program for Dreamers. Each student receives…

L.A. Times – Business


Johnny Manziel Gives Deadline to CFL Team, Pay Me Or Else!

January 8, 2018 |

Johnny Manziel’s agent says the QB is actively negotiating a contract to play with the CFL’s Hamilton Tiger Cats — and he’s giving them a Jan. 31st deadline … or he’s moving on.  “Johnny wants to let Hamilton fans know where things stand and…

United States of Bitcoin: Illinois Gives Crypto Love While Other States Hate

January 6, 2018 |

United States of Bitcoin: Illinois Gives Crypto Love While Other States Hate

The United States continues to divide over the issue of cryptocurrency generally and bitcoin in particular. Idaho and Alaska issued crypto investment warnings, while Iowa’s Insurance Division cautions against the digital asset’s “high risk,” and Utah announces “scam” scares. Illinois bucks the worrywarts, however, and is instead crafting legislation that would welcome crypto businesses and innovation.

Also read: African Central Banks Urged to Ditch Dollar and Buy Bitcoin

Illinois Wants No Part of New York’s Bitlicense Overregulation

In a trend-bucking move, legislators in the midwest state of Illinois are trying to craft legislation that would help the state welcome what some in their ranks see as an innovation. “New York went in and over regulated [bitcoin] and what ended up happening was a lot of those companies left the state,” representative Jaime Andrade reminded.

Mr. Andrade was responding to a bureaucratic report declaring bitcoin to not be a currency. It just so happens Mr. Andrade is the Chair of the state’s House Committee on Cyber Security. He’s even, with colleague Mike Zalewski, set up a crypto subcommittee to help better educate the public.

Illinois is also home to the city of Chicago, Frank Sinatra’s kind of town. Birthplace of Jazz. The state was the first to use electric street lighting, and it generates more nuclear power than any other in the US. The state knows cool and useful.

United States of Bitcoin: Illinois Gives Crypto Love While Other States Hate

“With myself and Zalewski working on this together,” he continued, “I think we will be able to make sure we protect the consumer, but at the same time, we work with the companies and all the other organizations to make sure the state of Illinois is an inviting environment for this type of technology.”

For his part, Mr. Zalewski says: “We are under tremendous pressure in this state to make government more efficient,” presumably referencing bitcoin’s blockchain database. “This technology has the opportunity to help remake government. That’s what we’re interested in.”

And Chicago, of course, is home to the first bitcoin futures contracts (Cboe and CME). Illinois is well familiar with cutting edge innovation. “The goal of this is not to regulate it in a way that’s going to make people uncomfortable to use it in the future,” Representative Zalewski urged.

United States of Bitcoin: Illinois Gives Crypto Love While Other States Hate

The Usual Cannards and Half Truths

Meanwhile, Alaska and Idaho each issued separate warnings about cryptocurrencies. In Idaho, regulators worry too few of its inhabitants fail to “go beyond the headlines and hype to understand the risks associated with investments in cryptocurrencies” before plunking down their hard earned cash.United States of Bitcoin: Illinois Gives Crypto Love While Other States Hate

Alaska’s regulator believes its citizens are just plain confused. “What exactly do I get for my investments?” the regulator asks. “Will it be tangible? Is it kept in some sort of a blockchain? And if it’s in a blockchain, what is a blockchain and how does that operate with your investments?” That, or there might’ve been a contest for how many times a bureaucrat could weave the word blockchain into a quote.

In Iowa, regulators caution: “Investing in cryptocurrencies is not for the faint of heart,” they insist. Cryptos have “an unproven track record and carry a high risk of fraud that should cause consumers to be cautious.”United States of Bitcoin: Illinois Gives Crypto Love While Other States Hate

Finally, Utah minders urge “Utah’s reputation as a technically savvy and connected state makes our population ripe for crypto-currency fraud,” and yet, while “it’s a compliment to our population for being plugged into what’s trending, internet hype can lead to rash decisions”.

What do you think about Illinois? Tell us in the comments below! 

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The post United States of Bitcoin: Illinois Gives Crypto Love While Other States Hate appeared first on Bitcoin News.

Bitcoin News

California gives Medi-Cal enrollees something to smile about

December 24, 2017 |

Susan Inglett’s dental coverage changed just after she got a root canal on one of her top teeth.

It was 2009, and California was in the midst of a budget crisis. To cut costs, Medi-Cal, the state health insurance program for low-income residents, eliminated non-emergency dental benefits for adults.

L.A. Times – Business

Free WiFi on 100% of domestic flights gives JetBlue top ranking for onboard internet service

December 24, 2017 |

In the heated competition between airlines in the U.S., JetBlue Airways offers an extra perk that is pretty alluring to most travelers: Free, high-speed wireless internet.

For that reason, an internet comparison site named JetBlue as the top domestic airline for overall WiFi service, followed by…

L.A. Times – Business

White House Gives Up on 2 Controversial Nominations

December 14, 2017 |

One is a former ghost hunter who has never tried a case. The other described transgender children as “Satan’s spawn.” Neither man is going to become a federal judge. A White House official tells Politico that the administration will not be moving forward with the nominations of Brett Talley and…

Wal-Mart gives workers a way to get paid earlier

December 14, 2017 |

Wal-Mart is providing workers with an app aimed at helping them budget their money and get paid before payday.

The retailer said Wednesday that it teamed up with financial technology start-ups Even and PayActiv to provide an app to 1.4 million Wal-Mart workers.

The Even app automatically plans…

L.A. Times – Business

French President Gives US Climate Scientists Millions

December 11, 2017 |

French President Emmanuel Macron is making good on his plans to turn France into a “second homeland” for American climate scientists who feel unappreciated and underfunded in Donald Trump’s America, the Washington Post reports. Six months after Trump announced that the United States would be withdrawing from the Paris Agreement,…


Chris Pratt Gives Status Update on His Facebook Impostor, Shuns Online Dating

December 5, 2017 |

Chris Pratt, who just filed for divorce, will not join the hoards on online dating services. We got Chris leaving Jimmy Kimmel’s studio in L.A. Monday night, and asked for a status update on his Facebook impostor sitch. Sounds like it’s still…