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North America’s Largest Solar Bitcoin Mining Farm Coming to California

California-based mining company Plouton Mining will build North America’s largest solar-powered bitcoin mining farm, the company confirmed in a press release on June 25.Plouton, which is a subsidiary of Plouton Group Holding, says the site in Western Mojave will feature around 49 acres of solar panels generating 10-13 megawatts

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California Public Accounts Seek Clarity on Cryptocurrency Holdings

The California Society of Certified Public Accountants (CalCPA) is seeking clarity on cryptocurrency holdings from the Financial Accounting Standards Board (FASB), according to a recent letter obtained by Cointelegraph.In the letter, CalCPA stated that accounting for digital currencies is not adequately captured under existing United States Generally Accepted Accounting

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SEC Charges California Resident for Alleged $26 Million Crypto Pyramid Scheme

The United States Securities and Exchange Commission (SEC) has initiated court proceedings against a California resident for allegedly operating a multimillion-dollar cryptocurrency pyramid scheme, according to a press release published on May 23.The SEC alleges Daniel Pacheco of conducting a fraudulent, unregistered offering of securities through two California-based companies,

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California Bill Would Legalize Crypto for Tax Payments From Cannabis-Related Businesses

Lawmakers in the United States state of California have introduced a bill to allow cannabis-related business to pay fees and taxes in stablecoins. The bill was introduced by the California State Assembly on Feb. 21.Assembly Bill 953 would allow the state, city and county tax offices in California to

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