Connect with us

Hi, what are you looking for?

Technology

Tennessee is seeking a contractor to hold cryptocurrencies on its behalf, the Nashville Post reported this week.

The state’s treasury posted a request that potential vendors explain how their companies would manage its virtual currencies, including bitcoin.

Tennessee currently holds no crypto, but is seeking a vendor in order to “be prepared in the event that unclaimed virtual currency is remitted to the state’s unclaimed property program,” the report said.

A treasury spokesperson declined to elaborate or make any state official available for comment. The state plans to announce the winning applicant on May 10, the report said.

The Block reported in February that a bill introduced in Tennessee’s legislature would, if approved, allow the state and other municipalities to invest in cryptocurrency and non-fungible tokens (NFTs).

Featured

Bitcoin Mining

Despite a $72 million rescue offer from creditors, concerns have been raised about the general viability of the Bitcoin trading community amid a protracted...

Altcoin

Ripple is attempting an upside break above the $0.365 resistance zone against the US Dollar. XRP price could fail to gain pace if it...

Bitcoin

Bitcoin price is facing resistance near $17,000. BTC could start another decline unless there is a strong move above the $17,000 resistance zone. Bitcoin...

Ethereum

Ethereum started a fresh decline from the $1,320 resistance against the US Dollar. ETH is struggling and remains at a risk of a move...