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| November 15, 2018

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Nevada Archives -

Nevada Ditches the ‘Pink Tax’

November 8, 2018 |

No more “pink tax” in Nevada: Voters on Tuesday amended the state’s 1955 tax act to remove the sales and storage tax on menstrual products. Feminine hygiene products are already exempt from sales taxes in nine other states and the District of Columbia, and in an additional five states there…
Newser

TMZ

Dennis Hof Wins Election For Nevada State Assembly Seat Weeks After Death

November 7, 2018 |

Voters in Nevada just elected a dead pimp to the State Assembly, sort of … voting in Dennis Hof only 3 weeks after the famous brothel owner died at one his whorehouses.  Dennis was still on the ballot as a Republican candidate for the…

TMZ.com

Lawyer Invests $300 Million to Build Crypto City in the Nevada Desert

November 4, 2018 |

Lawyer Invests $  300 Million to Build Crypto City in the Nevada Desert

Consumer protection lawyer Jeffrey Berns is the owner and CEO of Blockchains LLC, a company that bought more than 67,000 acres of land in northern Nevada for $ 170 million earlier this year. On Thursday, he revealed plans to build a crypto city in the desert, claiming to have invested $ 300 million to make it a reality.

Also Read: Bitcoin Trader Faces Five Years in US Jail for Unlicensed Money Transmitting Business

Welcome to Sandbox City

Lawyer Invests $  300 Million to Build Crypto City in the Nevada DesertBerns, who focused primarily on class action suits against big financial services companies during his law career, reportedly made a fortune by investing in Ethereum in 2015. Now he wants to give back to the crypto community and leave his mark on the world by establishing Sandbox City.

The sprawling complex is meant to be a model for running a smart city with a decentralized blockchain infrastructure powering all interactions. It will house a high-tech park for ventures combining blockchain technology with artificial intelligence (AI), 3D printing and nanotechnology. The planned city will include residential units for thousands of people to live in, alongside shops for commerce. The area will also host an esports arena and a studio for creating music, movies and games.

A Friendly Bank and Nuclear Bunkers

Lawyer Invests $  300 Million to Build Crypto City in the Nevada DesertBesides giving developers a place to gather, and investors an attractive tax location, Blockchains LLC has a few more offers for the industry.

According to the launch event speech by the CEO, he bought two decommissioned military bunkers in different parts of the United States in order to offer secure physical digital asset storage. For storage outside the U.S., the company also acquired a “fortress” under a granite mountain in Switzerland, and one in Sweden.

Berns also said he bought a bank that he promises to make the most friendly fiat banking solution for the cryptocurrency ecosystem. He explained that he decided to take this move when his own bank blocked all his cards after he outed himself as a Coinbase customer in order to fight in court against the IRS demand for the exchange to hand over all client data.

The company has also signed a Memorandum of Understanding with Nevada’s electricity public utility, NV Energy, agreeing to work together on energy projects powered by blockchain technology.

Does cryptocurrency technology development require a dedicated city? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


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The post Lawyer Invests $ 300 Million to Build Crypto City in the Nevada Desert appeared first on Bitcoin News.

Bitcoin News

Billionaires Buffett, Adelson battle over Nevada ballot measure on electricity supply

October 28, 2018 |

A ballot measure in Nevada reportedly has drawn in more spending than the state’s Senate race and has pitted two billionaires against each other in a battle for the fate of the state’s electricity supply.
FOX News

In Nevada, Trump says Democrats want to turn US into Venezuela

October 20, 2018 |

President Trump on Saturday continued his theme of portraying Democrats as campaigning on a platform of “radical socialism” and “open borders” and said they would turn the U.S. into Venezuela if they took power.
FOX News

Trump, Biden Rallies Put the Focus on Nevada

October 20, 2018 |

President Donald Trump and former Vice President Joe Biden, a potential White House challenger in 2020, are making election pushes several hundred miles apart from each other in pivotal Nevada, where early voting was beginning Saturday, the AP reports. Trump was wrapping up a visit to Western states with an…
Newser

Dennis Hof, Nevada brothel owner, dead at 72

October 16, 2018 |

Nevada brothel owner Dennis Hof has died. He was 72.
FOX News

Nevada Regulator, Inundated With Reports About Steve Wynn, Starts Website to Field Tips

February 12, 2018 |

Nevada gambling regulators on Monday introduced a new online system for the public to send in confidential complaints and tips after receiving a number of reports about Steve Wynn in the days after The Wall Street Journal published an article detailing sexual-misconduct allegations against the casino mogul.
WSJ.com: US Business

Man Opens Fire From Nevada High-Rise

November 29, 2017 |

A gunman with a hostage opened fire from the eight floor of a luxury high-rise condominium in Nevada onto the streets below Tuesday night, authorities say. No injuries were reported. The man died Tuesday after a SWAT team descended on him while he was barricaded at the Montage, Reno police…
Newser

Man Survives Vegas Bloodbath Only to Die on Nevada Highway

November 26, 2017 |

“I don’t understand why he wasn’t taken at the shooting, but a month later he was taken this way,” Denise McClellan tells CNN of her husband, Roy, who survived the Las Vegas massacre on Oct. 1 only to succumb to another tragedy. Roy McClellan was killed Nov. 17 as he…
Newser