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From Missouri to Texas: Southern US Becomes Bitcoin Mining Hotspot
Missouri is gunning to become a hub for Bitcoin mining, thanks to a new bill by State Rep. Phil Christofanelli. This legislation, aiming to integrate cryptocurrency miners into the energy economy, joins CleanSpark's expansion in Mississippi and Riot's massive investment in Texas, signaling a significant shift in the Southern US towards embracing digital asset ventures. дальше »
2024-2-9 14:00 | |
Here's how Bitcoin mining can fight climate change
Texas, the global hub of Bitcoin mining, had the highest profit potential. The added revenue could be used to invest in renewable energy installations. Over the years, Bitcoin [BTC] mining The post Here's how Bitcoin mining can fight climate change appeared first on AMBCrypto. дальше »
2023-11-30 01:30 | |
Bitcoin advocates cite BTC mining as key tool for clean energy and grid balance
A new working paper by Bitcoin advocates and the former head of the Electric Reliability Council of Texas (ERCOT) identifies Bitcoin mining as a key tool for clean energy and balancing the grid. In a new academic paper called “Leveraging… дальше »
2023-11-28 15:26 | |
3 reasons why the VDE ETF is much better than MLPA
The energy industry has been relatively volatile in the past few months. After soaring to a multi-month high of $95, the price of Brent has moved into a bear market by falling to $75 a barrel. West Texas Intermediate (WTI) price has also dropped to $72. дальше »
2023-11-18 15:00 | |
Texas, Alabama securities regulators allege fraud against GS Partners in multiple crypto schemes
Securities regulators in Texas and Alabama have accused a group of companies tied to a metaverse real estate project of fraudulently raising millions from investors. The Texas State Securities Board last week issued an emergency cease and desist order against GS Partners, Swiss Valorem Bank, and several related entities controlled by Josip Heit. дальше »
2023-11-17 00:55 | |
California, Texas Among States Accusing GS Partners of Misleading Crypto Investors
Multiple U.S. states have ordered GS Partners to halt operations, accusing the company of defrauding investors in a number of crypto schemes, including tokenized pieces of a Dubai skyscraper and stakes of metaverse property. дальше »
2023-11-17 00:50 | |
SEC Gary Gensler Deems Bitcoin A Hub for Fraud, Yet These Nations Beg to Differ
Amidst the SEC's tough stance on crypto, portrayed by Gary Gensler, a narrative of Bitcoin mining nurturing local economies unfolds in Canada, Paraguay, and Texas, spotlighting a contrasting, beneficial facet of the crypto realm. дальше »
2023-10-26 10:59 | |
Bitcoin, gold, Shiba Memu thrive as the Treasuries rout continues
The financial market was relatively volatile this week as investors watched the ongoing war between Israel and Hamas, the soaring price of crude oil, and the ongoing bond rout. Brent crude oil surged to $95 while the West Texas Intermediate (WTI) rose to $93. дальше »
2023-10-21 09:43 | |
FBI warns of crypto scams impersonating agency in El Paso
Scammers are trying to lure victims into thinking a real investigation is being conducted, officials said. The Federal Bureau of Investigations (FBI) has warned residents of El Paso, Texas, about phishing email letters from scammers pretending to be the bureau.… дальше »
2023-10-13 14:28 | |
Texas takes the cake in U.S. Bitcoin mining, here's how
The state's meteoric rise was propelled by affordable energy prices and a welcoming regulatory environment. It further gained momentum after China's crackdown on crypto mining activities in 202The post Texas takes the cake in U. дальше »
2023-9-28 13:00 | |
US Senator Applauds Bitcoin Mining’s Role In Bolstering The Economy And Grid
In an interview with Forbes, Texas Senator Ted Cruz voiced support for Bitcoin mining and affirmed that mining operations benefit the Texas economy and grid. Cruz admired the decentralized nature of cryptocurrency technology and talked about the financial freedom achieved through the uncontrollable nature of Bitcoin. дальше »
2023-9-9 18:30 | |
Texas Bitcoin Miners Forced To Stop Operations Due To Energy Crunch
Bitcoin miners in Texas are facing a temporary setback as they power down their operations in response to the state’s ongoing energy crisis. The scorching heatwave that gripped the Lone Star State forced the Electric Reliability Council of Texas (ERCOT) to take drastic measures to ensure uninterrupted power supply to its 25 million customers, accounting […] дальше »
2023-9-9 15:30 | |
Texas provides Riot $31.7m to halt Bitcoin mining amidst energy crisis
Texas Bitcoin miners have cut back 90% of their operations during the energy crisis after the state offered $31.7 million in energy credits. Amid an escalating power crisis driven by extreme weather conditions, Texas has turned to an unlikely ally… дальше »
2023-9-9 22:06 | |
Riot Platforms ends August on a positive note, thanks to Texas
The net proceeds from Bitcoin sales totaled $8.6 million, down 29% compared to July. Despite the fall in production, Riot held 7,309 BTC, reflecting no change from the previous month. Riot PThe post Riot Platforms ends August on a positive note, thanks to Texas appeared first on AMBCrypto. дальше »
2023-9-7 15:00 | |
Texas Bitcoin Miners Contend With Energy Overload: A New Model for Grid Resilience?
Texas' Electricity Reliability Council paid Bitcoin mining company Riot Blockchain $31. 7m to temporarily halt operations, potentially preventing a statewide blackout and demonstrating the role Bitcoin miners can play in grid stability. дальше »
2023-9-7 11:54 | |
Riot Platforms power strategy reaps $31.7M in Texas energy credits
Continuing its strategic shift aimed at mitigating losses, Riot Platforms, a prominent Bitcoin miner, continues to capitalize on Texas’s energy credits system, earning a substantial $31. 7 million in August alone. дальше »
2023-9-7 10:30 | |
US DOJ freezes Alex Mashinsky’s assets in Celsius case
In August, US Department of Justice (DoJ) prosecutors filed a sealed order to freeze Mashinsky's business accounts and a Texas property дальше »
2023-9-7 22:48 | |
Marathon Digital Bitcoin mining production down 9% in August; CEO cites Texas heatwaves as contributing factor
Marathon Digital Holdings reported a 9% drop in Bitcoin (BTC) production in August 2023, with the company mainly attributing the decrease to increased shutdown activity in Texas due to record-high temperatures. дальше »
2023-9-6 00:30 | |
Bitcoin network reaches unprecedented 400 th/s amid global energy concerns
Quick Take The Bitcoin network has witnessed a significant milestone, with its hash rate peaking at 400 terahashes per second (th/s), a first in its history. This development is particularly noteworthy considering the ongoing energy crises in Texas and escalating electricity prices globally. дальше »
2023-8-28 13:00 | |
SEC appeal a bust? Judge’s ruling will favor XRP, crypto attorney predicts
Judge Analisa Torres will likely reject the U.S. Securities and Exchange Commission’s (SEC) interlocutory appeal, according to attorney John Deaton. Speaking at the first annual onXDC Live blockchain conference held in Texas, Deaton — founder of Crypto-Law.us and managing partner… дальше »
2023-8-28 22:19 | |
Despite Bitcoin’s slump and soaring Texas energy prices, miners display unexpected resilience
Quick Take In the face of a notable 7% upward adjustment in Bitcoin’s hash rate — one of the most significant this year — and a plummeting price below $26,000, Bitcoin miners have demonstrated remarkable resilience. дальше »
2023-8-23 20:30 | |
Bitcoin adjusts positively amid Texas heat wave, soaring energy costs
Quick Take Bitcoin’s positive difficulty adjustment of 0.12% marks the 12th of 17 such changes this year, demonstrating its resilience in the face of fluctuating energy costs. The positive adjustment comes at a time when Texas, a prominent hub of Bitcoin mining, grapples with soaring electricity prices resulting from an ongoing heatwave, as per CBS […] The post Bitcoin adjusts positively amid Texas heat wave, soaring energy costs appeared first on CryptoSlate. дальше »
2023-8-9 15:57 | |
Genesis Digital Assets opens three new facilities in South Carolina in US expansion
The company has 400 MW of capacity spread across three continents, but most of its power is concentrated in Texas.
дальше »2023-8-2 20:30 | |
Texas heatwave triggers downward spiral in Bitcoin mining operations
Quick Take Bitcoin difficulty has seen a downward adjustment of 3% today. Remarkably, this marks the ninth negative adjustment in difficulty over the last year. Impacts of Texas Heatwave on Hash Rate The recent negative trend in difficulty adjustments can be partly attributed to the intense summer heatwave experienced in Texas. дальше »
2023-7-26 17:00 | |
How Texas Became a Global Mecca for Bitcoin Mining
Miners have flocked to the state since China banned mining in 2021, encouraged by cheap energy, grid incentives and an alignment of values. “Bitcoin is all about freedom,” says one miner. “And in my dealings with the utilities and the regulators, Texas is all about freedom.” дальше »
2023-7-25 16:47 | |
Bitcoin hash rate nears record levels amid Texas grid challenges
Quick Take The Bitcoin network’s computational power, measured by its hash rate, is closing in on its all-time highs. The momentum slowed over the past week due to issues with the Texas power grid amidst a heatwave. дальше »
2023-7-10 15:02 | |
Riot’s Power Strategy Pays Off: $10 Million In Revenue While Mining 460 Bitcoin In June
Riot Platforms, a leading Bitcoin mining and data center hosting company, has announced its unaudited production and operations updates for June 2023. Despite challenging conditions due to extreme heat and high power demand in Texas, the firm was able to mine 460 BTC while significantly leveraging its power strategy. дальше »
2023-7-8 23:00 | |
Riot leverages Texas power strategy to fund operations as BTC balance increases
Riot Platforms, Inc. recently reported its June 2023 Bitcoin mining performance, revealing that it produced 460 Bitcoin while executing an effective power strategy. The mining firm produced 40% fewer Bitcoin in June, mining just 460 BTC compared to 757 BTC in May. дальше »
2023-7-7 15:50 | |
Marathon Digital Reports 21% Decline In Bitcoin Production In June
Prominent Bitcoin mining company Marathon Digital Holdings has published its Bitcoin production and mining operation update for June 2023. In the report released yesterday, Marathon revealed that its Bitcoin production decreased by 21% from May due to weather-related issues in Texas and a decline in transaction fees on the Bitcoin network. дальше »
2023-7-7 18:30 | |
Record-breaking Texas power demand amid largest Bitcoin hash rate drawdown of 2023
Quick Take The Bitcoin network is witnessing its most substantial drawdown of 2023. There has been a significant decline in the network’s hash rate, from a peak of 382 terahashes per second (th/s) down to 360 th/s. дальше »
2023-7-3 11:39 | |
Riot Platforms expands operations with 33,000 new miners
Riot Platforms, a major bitcoin mining company, has invested $162.9 million to acquire 33,280 advanced Bitcoin miners for its Texas data center in anticipation of the 2024 halving event. To prepare for the upcoming halving cycle projected for mid-2024, Riot… дальше »
2023-6-27 11:33 | |
BTC mining firm Core Scientific files for Chapter 11 plan
Bitcoin miner Core Scientific has filed its Chapter 11 bankruptcy plan six months after it filed for Chapter 11 bankruptcy in December 2022. The firm filed for the Chapter 11 plan in the Southern District of Texas Houston Division Bankruptcy Court. дальше »
2023-6-22 17:14 | |
Shares of Bitcoin miner Iris Energy surges after hashrate expansion
The company's shares rose by a whopping 18% within a day on Nasdaq, from $3.55 to $4.20. Iris Energy has three datacenters located in BC, Canada and one in Texas, U.S. which is the focus of theThe post Shares of Bitcoin miner Iris Energy surges after hashrate expansion appeared first on AMBCrypto. дальше »
2023-6-21 16:00 | |
Parcl broadens its real estate market: Introduces more tradable indexes for significant US cities like Austin, Chicago, Seattle, and Boston
Due to Parcl’s market development, more investors will have access to Real World Asset (RWA) Indexes, which provide exposure to real estate values. Austin, Texas, has been added to Parcl’s ever-expanding list of tradable city indexes, the leading blockchain-powered real estate trading platform, which made the announcement today. дальше »
2023-6-17 16:51 | |
Crypto Trading Platform Abra In Hot Water: Texas Regulator Accuses It Of Fraud
Abra and its CEO, Bill Barhydt, faced a significant blow as the Texas State Securities Board initiated enforcement actions against the crypto lending firm. The board firmly asserts that both Abra and its CEO are guilty of securities fraud and deceptive practices linked to the solicitation and distribution of investment opportunities related to Abra Earn […] дальше »
2023-6-17 15:50 | |
Texas regulator says Abra secretly moved funds to Binance, has been insolvent for months
The Texas State Securities Board filed an emergency cease and desist order on June 15 against the cryptocurrency lending firm Abra. In its order, the regulator said, based on its investigations, it found that Abra and related parties committed fraud and made misleading statements. дальше »
2023-6-16 00:27 | |
CBDC Stealth Mode: Unraveling The Privacy Puzzle Of A U.S. CBDC
US Treasury official, Graham Steele, emphasizes the advantages of a retail CBDC backed by the Federal Reserve, providing safety during bank runs and stabilizing private sector lending. Striking The Anonymity Balance During a recent Texas payments conference, Graham Steele highlighted the significance of anonymity when contemplating the development of a future Central Bank Digital Currency […] дальше »
2023-6-15 00:21 | |
Bitcoin Depot at Center of Texas Legal Battle After Police Return Cash to Scam Victim
A legal battle is underway in a Texas county, pitting a crypto kiosk manager against a sheriff's office over an alleged scam involving a crypto ATM. The post Bitcoin Depot at Center of Texas Legal Battle After Police Return Cash to Scam Victim appeared first on BeInCrypto. дальше »
2023-6-15 22:30 | |