A recent market report by Grand View Research suggests that blockchain is one of the digital technologies driving market growth in the global transportation management systems (TMS) sector, according to a press release on July 11. According to Grand View Research, a market research company based in San Francisco, the TMS market is expected to reach $198.82 billion by 2025 with a compound annual growth rate of 16.2%. A number of digital technologies are credited as driving forces for current and projected TMS market growth alongside blockchain, including аrtificial intelligence, cloud transportation management systems, the so-dubbed Internet of Things, and …

Robert W. Wood is a tax lawyer representing clients worldwide from the offices at Wood LLP in San Francisco. He is the author of numerous tax books and writes frequently about taxes for Forbes, Tax Notes and other publications. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. This discussion should not be regarded as legal advice. The United States Internal Revenue Service (IRS) treats Bitcoin and other cryptos as property. That means each property transfer can trigger taxes, with a tax hit to both the recipient and …

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 of electricity daily. The location was chosen due to its high annual quota of sunlight, which averages 70%, with the company planning to enter agreements with local utilities providers to secure low-cost power for the remaining time. “The preeminent combination of nature and technology will usher in the next stage …

The company behind cryptocurrency zcash (ZEC) is facing a $2 million legal challenge over unpaid shares, documents originally filed on May 29 confirm. According to the complaint, which appeared at the Superior Court of California for the County of San Francisco, an ex-employee brought the charges after he did not receive $15,000 of stock in 2016. Simon Liu worked for Zerocoin, now known as the Electric Coin Company, and additionally claims the company was not legally permitted to offer the equity. “Plaintiff is informed and believes, and thereon alleges, that Zerocoin did not have the authorization to issue common stock …

United States blockchain and crypto investor Michael Terpin has won $75.8 million in a civil case against 21-year-old Nicholas Truglia, who reportedly defrauded him of crypto assets. Reuters reported the news on May 10. Per the report, the California Superior Court last week ordered Manhattan resident Truglia to pay the amount above in compensatory and punitive damages. The amount is reportedly one of the largest court judgments awarded to an individual in the crypto space thus far, Reuters notes. As previously reported, Terpin filed the complaint against Truglia in particular in late December, after first filing a lawsuit against AT&T …

A former employee at United States-based crypto exchange Kraken is suing the firm for over $900,000, claiming the exchange failed to pay him for his work there. Bloomberg reported the news on April 7. Jonathan Silverman — who reportedly joined the exchange in April 2017 to manage institutional sales and its trading desk in New York — claims he reached an oral agreement with exchange founder Jesse Powell to receive a $150,000 salary, as well as 10% commission of the trading desk’s annual profit. In his lawsuit filed in New York on April 4, Silverman reportedly claims the trading desk …

Blockchain games developer Lucid Sight has raised $6 million to expand its digital scarcity-powered games to traditional game platforms, tech news website VentureBeat reports April 2. Los Angeles-based Lucid Sight now has $11 million in funding to expand offerings of its digital ownership games company by bridging the gap between blockchain and traditional gaming. Leading investment bank and wealth management firm Salem Partners participated in the new funding round, as well as crypto and blockchain venture capital funds such as Digital Currency Group and the Galaxy EOS VC Fund. According to the report, the company will use the investment to …

Facebook’s HQ in Menlo Park, California, has opened five new positions in its blockchain department, according to listings posted today, March 29. The new jobs were posted in the company’s LinkedIn account. According to the announcements, the company is now seeking a growth product manager, product manager, data scientist, software engineer and business operations manager to join its blockchain team. The description of the positions also hints at the possible areas in which the firm may implement the technology: “The blockchain team is a startup within Facebook and we're exploring lots of areas of interest across all facets of blockchain …

Last week, Colorado lawmakers filed a bill exploring how blockchain technology could be applied to water rights management. Now, California is also studying blockchain for use in water rights management, as reported by Cointelegraph. But coming off a severe drought, which saw water restrictions throughout the state, they are facing a far different set of circumstances than Colorado, as water rights in California have always been a highly political issue. The film “Water & Power: A California Heist” examined how a handful of corporate landowners took advantage of a state-engineered system and gained control of its water, leaving local homeowners …

Stablecoins will play a key role in mainstream adoption of crypto technologies, according to a report published by California-based stablecoin startup Reserve on Wednesday, Feb. 20. The report, entitled “The State of Stablecoins 2019: Hype vs. Reality in the Race for Stable, Global, Digital Money” is based on information collected from 40 crypto and stablecoin firms. The report’s lead author is George Samman, a blockchain and cryptocurrency advisor. According to the document, Samman “was commissioned to research the stablecoin landscape and then independently report his findings for the broader industry to learn from.” The analysis is presented by a number …

A collaborative IBM project using blockchain and the Internet of Things (IoT) to tackle drought is underway in the United States state of California, according to a press release published Feb. 8. IBM Research and sensor tech provider SweetSense have reportedly partnered with non-profit organization The Freshwater Trust (TFT) and the University of Colorado Boulder to use blockchain and IoT technology to sustainably manage groundwater use in what they describe as “one of the largest and most at risk aquifers in North America” — located in northern California's Sacramento-San Joaquin River Delta. An aquifer is an underground layer of water-bearing …

United States law enforcement has indicted two more men over alleged SIM-swapping scams involving cryptocurrency. A press release from the Northern District of California Attorney’s Office confirmed the indictment on Feb. 4. Ahmad Wagaafe Hared and Matthew Gene Ditman, who prosecutors accuse of conducting fraud, extortion and identity theft, were released on bond pending two trials set for Feb. 6 and 19. SIM-swapping, an increasingly popular scam among cryptocurrency thieves, involves perpetrators convincing cellphone operator staff to transfer cell phone numbers from victims’ devices in the hope of hacking crypto exchange accounts. Hared and Ditman, along with unnamed co-conspirators, also …