CryptoWatch Today: Arizona could soon accept bitcoin as payment for income taxes
The volatility on Wall Street put cryptocurrency markets in the back seat for another day as a wild session inequities saw the Dow Jones Industrial Average post a 500-point range before lunchtime Friday.
The price of bitcoin, the No.1 cryptocurrency, held steady above $8,000 after some selling pressure to start the day.News in the virtual currency and Blockchain market was quiet to finish the trading week.
Scientists arrested in Russia for mining bitcoin
A number of Russian scientists were arrested Friday for allegedly mining bitcoin on computers that are used at aRussian nuclear warhead, the BBC said. In a news release, the centers press service said, "there has been anunsanctioned attempt to use computer facilities for private purposes including so-called mining."
A spokeswoman for the center, Tatiana Zalesskaya, told Interfax (http://www.interfax.ru/russia/599218)that as far asthey were aware, a criminal charge has been launched against those bust mining.
See also: Here's proof that this bitcoin crash is far from the worst the cryptocurrency has seen (http://www.marketwatch.com/story/heres-proof-that-this-bitcoin-crash-is-far-from-the-worst-the-cryptocurrency-has-seen-2018-02-09)
Arizona closer to accepting bitcoin as payment for income taxes
Late Thursday the Arizona Senate passed a bill (https://legiscan.com/AZ/text/SB1091/2018) that would allow residentsto pay their income taxes and interest using bitcoin. The bill passed the Senate 16-13 with one no-vote. The bill statesa taxpayer can pay his or her taxes using a "payment gateway such as bitcoin, litecoin, or any other cryptocurrencyrecognized by the department."
Co-sponsor of the bill and Arizona Rep. Jeff Weninger recently told Fox News that "Arizona is going to be the place tobe for blockchain and digital currency technology in the future."
CryptoWatch: Check bitcoin and cryptocurrency prices, performance, and market capitalization, in one dashboard (https://www.marketwatch.com/graphics/cryptowatch/#/)
-Aaron Hankin; 415-439-6400; AskNewswires@dowjones.com