Texan Bitcoin mining power demands could jump 5 times by 2023

2021-11-23 07:01

While the state is eager to become the global hub for Bitcoin mining operations, residents are concerned that the power grid will not be able to handle the load. origin »

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Bitcoin (BTC) на Currencies.ru

$ 75321.83 (-0.34%)

Объем 24H $70.363b

Изменеия 24h: -3.17 %, 7d: -16.11 %

Cегодня L: $74772.07 - H: $76794.37

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Цена в час новости $ 57200.26 (31.68%)

power bitcoin mining concerned residents operations grid

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Источник: cointelegraph.com

power bitcoin → Результатов: 126

US Storm Smashes Bitcoin Mining Power, Sending Hash Rates Tumbling

A fierce winter storm that swept much of the US over the weekend forced large parts of the Bitcoin mining fleet to cut power, leaving the network much weaker for a short time. Related Reading: Bitcoin Whales Are Back: 104K BTC Added As $1M Transfers Surge Reports say power outages and extreme weather pushed some operators to pause or slow their rigs so local grids could breathe.

2026-1-27 14:30
power bitcoin much mining storm extreme say

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Bitcoin Power Upgrade Scandal: YouTuber Under Fire For Alleged Bribery In Mining Scheme

According to recent reports, a crypto YouTuber and his former girlfriend face serious allegations in a recent lawsuit filed by a Minnesota power company. The lawsuit alleges that the couple attempted to bribe employees to upgrade a Bitcoin (BTC) mine that was allegedly stealing a significant amount of electricity. Accused Of Power Theft To Fuel […]

2023-12-5 07:00
power bitcoin lawsuit recent youtuber upgrade employees

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Bitcoin miners revive blocks but there’s a ‘power tussle’ in play

Bitcoin [BTC] mining activities plummeted since complaints of excessive power demand followed the process. This same power generation demand was what led to the block difficulty reaching a new high eaThe post Bitcoin miners revive blocks but there’s a ‘power tussle’ in play appeared first on AMBCrypto.

2022-9-1 03:30	BTC Trading View
power bitcoin tussle demand play revive miners

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U.S. Senate Candidate: Bitcoin Can Bring Power Back To The People

An interest in power decentralization and freedom is pushing U.S. senate candidate Morgan Harper to learn more about Bitcoin.

2021-12-15 23:29	Bitcoin
power bitcoin candidate senate pushing freedom morgan

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Venezuelan State Power Company Cuts Electricity to Bitcoin Miners

Corpoelec, the Venezuelan state power company, has cut power to bitcoin mining equipment, according to a local miner. As a result, mining farms scheduled a meeting to negotiate with the government.

2020-11-14 16:19	Venezuela
power bitcoin venezuelan company state mining result

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Bitcoin Miner Marathon Eyes Profitability Boost Through Joint Venture with US Power Provider

The joint venture will see Marathon co-locate a bitcoin mining facility within Beowulf's Big Horn Data Hub at its 105-megawatt power station in Hardin, Montana.

2020-10-13 17:18
power bitcoin joint venture marathon data hub

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Market Wrap: Bitcoin Edges Up to $7.7K as Mining Power Rebounds

Bitcoin’s price is on the upswing, and so is the computing power securing the network as a once-in-four-years event known as the halving approaches.

2020-4-29 23:52
power bitcoin network securing computing once-in-four-years halving

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New York Power Plant Sells 30% of Its Bitcoin Mining Hashrate to Institutional Buyers

Greenidge Generation, an upstate New York power plant that's using proprietary facility to mine bitcoin, has sold up to 30 percent of its computing power to institutional buyers.

2020-4-11 12:00	New York
power bitcoin new institutional buyers york plant

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Bitcoin Miner Imprisoned for Stealing Power from Trains

A Chinese bitcoin miner from Shanxi province has been jailed after admitting to the theft of 104,000 yuan ($15,000) worth of electricity from a train network. Cheap Day Return Obviously, stealing that much power would take an awful lot of train travel.

2018-10-11 20:00	China
power bitcoin miner stealing train return network

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Reasons Why Bitcoin Crashed Today

It only takes a few minutes for Bitcoin to lose $200 and that’s exactly was happened today. Not only has Bitcoin crashed earlier today but it took the whole market down with it including Ethereum, XRP, Monero, Stellar and so on.

2018-10-11 17:30
bitcoin today bitfinex crashed market reasons past

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Cryptassist Announce Extension of their $37,000,000 Token Sale to 1st November, 2018

Bitcoin Press Release: Cryptassist announce details of their soon-to-end Token Sale, which will fund their Platform. Cryptassist simplifies the day to day use of cryptocurrency to truly make cryptocurrency ready for mass adoption, and has raised over $37m to date.

2018-10-11 09:12	Virtual Currency
cryptassist sale 2018 announce token extension day

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Report Links 74% of Bitcoin Mining to China, Sees Threat to Network

Bitcoin, the world’s most sought-after cryptocurrency, could be at the wish and whim of Asia’s economic giant. A recent study titled “The Looming Threat of China: An Analysis of Chinese Influence on Bitcoin,” jointly researched by Princeton University and Florida International University researchers, suggests China’s mining scene has an overwhelming influence over Bitcoin, something that could invite network manipulation.

2018-10-11 00:29	Mining
bitcoin china network miners mining country economic

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Examining Litecoin (LTC) Mining Profitability During Crypto’s Bear Market Prices

Is it Currently Worth to Mine Litecoin (LTC)? Cryptocurrency mining activities have been very profitable in different occasions. Users were able to earn extra income and at the same time make the network more secure.

2018-10-10 21:20	News
mining different litecoin ltc secure however make

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Litecoin Will Fly If It Makes The Most Of Social Media

The pursuit for cryptocurrency adoption seems to focus on three major cryptocurrencies, Bitcoin, Bitcoin Cash and Litecoin. Indeed, this isn’t to disregard the likes of XRP and Stellar, both of which also provide a solid use in mainstream society, however in terms of worldwide societal adoption, Bitcoin, Bitcoin Cash and Litecoin tend to be the go-to currencies.

2018-10-10 16:30	litecoin
litecoin bitcoin media social adoption payments one

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Chinese Government May Wield Power to Destroy Bitcoin

China has played a critical role in the crypto markets for several years now. A new paper written by academics from Princeton University and Florida International University suggests that China’s growing influence over Bitcoin’s key infrastructure has given the Chinese government the ability to heavily shape, or even destroy, Bitcoin.

2018-10-10 10:00
bitcoin government destroy chinese university infrastructure power

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With the CBAC, East Meets West in Search of Adoption and Innovation

The noise that surrounds economic relations between the United States and China is amping up exponentially. You can thank the latest trade wars for that, as fresh tensions boil over between the two nations who are currently trading new tariffs on imports, with no shortage of ill will underpinning the moves.

2018-10-10 23:38	Adoption & community
blockchain china technology cbac industry government financial

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xRapid Could Save Blockchain – Not A Long-Term Solution

Ripple has been making headlines for the past few weeks and is still making a push for the number two spot on the top 100 cryptocurrencies according to CoinMarketCap. In the last month, it took over for a short time but slunk back into the third spot on the chart.

2018-10-10 23:00	XRAPID
ripple xrapid xrp blockchain success coin long-term

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Cryptos Gain Adoption Amid Venezuela’s Economic Turmoil

Life in Venezuela is anything but. Last year, the South American nation of 32 million led the world with 652% inflation and this year the economic turmoil is even worse. As of September 2018, the annual inflation was estimated at 200,000% and International Monetary Fund (IMF) said it could spike to a mindboggling 1,000,000% by December.

2018-10-10 22:30	Venezuela
venezuela dash crypto people adoption turmoil maduro

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Perlin Network to Help Millions in Using Their Spare Computing Power

The Perlin network is helping to utilize the spare computing power of millions of computers, phones, and other devices. This will be the first practical decentralized privacy-preserving cloud network.

2018-10-9 20:49	blockchain
millions network spare computing perlin help power

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Unlocking the Full Potential of IoT Farming - [BTC Media Sponsor]

You don’t need to be an agriculture expert to see the writing on the wall. Current farming methods just aren’t working anymore for most farmers of the world. There are 2 billion smallholder farms managing fewer than five acres (PDF).

2018-10-9 20:10	Bitcoin
farmers data flux solutions farming iot these

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China: Man Sentenced to Prison for Stealing Railway Electricity to Mine Bitcoin

Although the Chinese regulatory bodies have maintained their distance from cryptocurrencies, it has not deterred the people in the country from partaking in the promising crypto mining industry – as a Chinese man was recently sentenced to 3.

2018-10-9 15:00
bitcoin mine chinese stealing man sentenced prison

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Chinese Bitcoin Miner Gets 3.5 Years in Prison for Stealing Train Power

A Chinese court has sentenced a local resident to three and a half years in prison and a fine of about $14,500 for stealing power from a train network to run his Bitcoin mining gig.

2018-10-9 14:38	News
train stealing chinese power prison bitcoin years

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FlyMining: Real And Profitable Green Bitcoin Cloud Mining Service?

What Is FlyMining? FLYMINING is a cloud-mining farm that is completely eco-friendly and offers cloud-mining facilities in a clean and transparent manner. The farm consists of three 20ft. containers that have more than five hundred and forty mining machines, which provide a total hash power of almost seven Petahashes per second—the fastest so far. The FLYMINING […]

2018-10-9 09:01
flymining cloud-mining farm mining provide total machines

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Research: China has the power to destroy Bitcoin

A damning new study has suggested China holds threatening influence over Bitcoin – and perhaps even the ability to attack and ultimately destroy the entire Bitcoin network. Academics from Princeton and Florida International Universities have explored how China “threatens the security, stability, and viability of Bitcoin” with its “political and economic control over domestic [cryptocurrency] activity […] [and] internet infrastructure.

2018-10-8 19:07	hard fork
bitcoin china even economic power destroy worse

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Chinese man arrested for stealing electricity to mine Bitcoin

I’ve heard some pretty innovative ways to avoid the electricity bill while mining cryptocurrency, but this is a new one. A Chinese man has been stealing electricity from a local railway network operator in order to power his Bitcoin mining rigs.

2018-10-8 15:45	hard fork
electricity man chinese bitcoin mining stealing arrested

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Five Years After The Silk Road, Things Are Worse

Five years after the closure of the Silk Road, bitcoin has changed dramatically. No longer does society see it as an underground currency used by addicts, dealers and pornographers. Today it is the third pillar of futurism alongside Virtual Reality and Artificial Intelligence.

2018-10-6 22:25
five road silk years things worse intelligence

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Federal Election Committee Asked to Consider Crypto Mining for Political Contributions

OsiaNetwork LLC has reached out to the Federal Election Committee (FEC) in the hopes that it will allow computer sharing for crypto mining for campaign donations. Osia says it would like to be the platform in which volunteers share their computer power to mine cryptocurrencies, which are then donated to political campaigns of their choice.

2018-10-5 23:57	Mining
osianetwork volunteers osia campaigns mining political committee

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The Dapp Revolution: Rebuilding Society Through Decentralization

This article about the Dapp Revolution was written by Heidi Yu. Heidi is a serial entrepreneur, influencer, marketing evangelist, and AI enthusiast. Heidi founded Boosto. io, a decentralized app store that returns power to creators and makers.

2018-10-5 22:30
heidi revolution dapp decentralized through rebuilding decentralization

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US rules cryptocurrencies are commodities in $6M fraud case

The US Federal Court has ruled that virtual currencies (like Bitcoin) are commodities – like coffee or oil. The judgement comes as part of a wider commodities fraud case, involving an (allegedly) illegitimate cryptocurrency called My Big Coin (MBC).

2018-10-4 13:04	hard fork
commodities court commodity fraud cryptocurrency like mbc

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Brave CEO Pens Letter to Senate Committee Asking for GDPR-Like Privacy Regulation

Brendan Eich, the CEO of Brave, has written a letter to the U. S. Senate Committee on Commerce, Science and Transportation urging them to implement GDPR-like legislation in the United States.

2018-10-4 20:51	Regulation
data eich gdpr gdpr-like privacy states united

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Coca Cola Vending Machine Operating On Lightning Network For Bitcoin Payments

We all dream of the day we can buy a coke (or other cola flavoured soft drink) through the power of the lightning network. Wouldn’t it be great if we could swap a few satoshi’s for a nice cold glass of coke? Well, now, thanks to the creative mind of Ricardo Reis, a hardware hacker from Spain, you can do just that.

2018-10-2 08:00
network lightning cola vending coca machine bitcoin

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UN Women to Tap Into the Power of Blockchain for Economic Empowerment

Agencies of the United Nations are adopting the power of distributed ledgers. The latest among them is UN Women and World Food Programme (WFP). The two will work together to use a blockchain-based solution to assist Syrian refugee women who work in the UN Women’s cash for work programmes.

2018-10-2 17:49	blockchain
women blockchain work power empowerment tap economic

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AI Grid Foundation Receives $20-Million in Investment for ELONCITY

Opening new frontiers to a world that runs on safe and sustainable power, the ELONCITY model of AI Grid Foundation provides reliable and affordable energy to all. In a recently closed funding round, the project received $20 million in investment from several prominent companies, venture capitalist firms, and private investors.

2018-10-2 17:19	blockchain
investment eloncity grid foundation funding round blockchain

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Why you should buy icon

In 2009, with the release of the first bitcoin, the world reckoned a new era in technology. An era that focussed on returning the power back to the user from the facilitators and the removal of central points of control.

2018-10-1 10:43
era technology should buy icon advent points

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A Guide to Building Your Own Crypto Mining Rig

Cryptocurrency mining has in many respects become an industrialized business. But despite the concentration of hashing power, the increasing difficulty and diminishing returns, in some cases it can still be profitable to mint coins as an amateur miner, probably the most honest way to earn some digital cash.

2018-10-1 03:10	ZCash
guide mining building your crypto rig own

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Bitcoin Price Watch: Lee Still Predicting Large End-of-Year Swell

At press time, bitcoin’s price is unchanged from yesterday, and the father of crypto is still trading for just under $6,600. Head analyst at Fundstradt Tom Lee is back in the news again. Lee has often touted bitcoin’s power throughout 2018, claiming the currency could spike all the way to $20,000 by the year’s end.

2018-10-1 23:28	Tom Lee
bitcoin lee still price swell predicting end-of-year

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Canaan AvalonMiner A921 Bitcoin ASIC Miner: Quality Crypto Mining Specs?

Canaan Creative has decided to upload the specifications of its latest miner launched to the market, the AvalonMiner A921. This Bitcoin ASIC miner should be soon available for users to purchase it. The first model A921 will be delivering 20 THS with 1700 watts of power usage. The hash rate can have a small variation […]

2018-9-30 10:55	Mining
miner a921 canaan avalonminer asic bitcoin ths

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Bitcoin Price Watch: Currency on the Rise, Puts Bears’ Power in Doubt

At press time, the father of cryptocurrency is back up at $6,600. This is $100 higher than where it stood yesterday and about $300 higher than where it was at the beginning of the week. Thus far, the currency seems on the rise again, and many are wondering if the bears are losing their footing.

2018-9-28 23:35	Hong Kong
bears rise currency higher bitcoin power puts

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Would Al Capone Have Used Cryptocurrency?

Wars have been started and peace agreements signed, all over money-either a lack of it or the desire to control what’s valuable. Now, many people, including government leaders, understand that Bitcoin and cryptocurrency are valuable, and they know this new kind of money isn’t going away.

2018-9-27 21:30	Cryptocurrency
cryptocurrency money used desire valuable way capone

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Cryptojacking Becomes More Sophisticated With Time: Chinese Researchers

Cryptojacking, an attempt to use a device’s spare computing power to mine digital currencies, is gaining ground ever since crypto assets started getting mainstream acceptance. Researchers from China’s Fudan University and Tsinghua University collaborated with the University of California Riverside to produce the first systematic study of these attacks.

2018-9-27 17:59	security
researchers university cryptojacking time becomes sophisticated chinese

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Novice, Intermediate or Expert? A Quiz to Test Your Bitcoin Knowledge

Think you know the ins-and-outs of bitcoin? Test yourself with 30 questions that grill you on Bitcoin’s history, technology and politics. The 30 questions are split up into three segments ranging from novice to intermediate to expert, and cover a wide range of topics across the Bitcoin landscape.

2018-9-26 02:13	Op-ed
bitcoin block fork transaction transactions new satoshi

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Miracle Tele Announces Details of the TELE Token Sale to Offer the Lowest Mobile Call Rates to Consumers

Bitcoin Press Release: Mobile virtual network operator Miracle Tele has released details of its’ ongoing Token Sale, where funds raised will be used to create a decentralized mobile network services that disrupts the mobile network industry, and hand power back to the consumer.

2018-9-25 20:09	Virtual Currency
mobile tele sale network token miracle details

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Renewable Energy Can Solve Bitcoin’s (BTC) Energy Consumption ‘Achilles Heel’

Global Bitcoin mining operations have been reported to consumer enough energy to power an entire country. BTC mining has also been calculated to consume enough energy to power all the global electric cars for one year.

2018-9-25 11:33	bitcoin mining
energy power global btc bitcoin renewable enough

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Iceland’s Bitcoin Mining Industry Losing Allure, Interest Now Shifting to Core Blockchain Technology

Iceland has been a hotbed for bitcoin and other cryptocurrency miners due to its very cold climate and the availability of cheap power supply. However, 2018 has seen a shift of interest from bitcoin mining to core blockchain ventures in the country, partly due to the slump in the price of bitcoin, reported Red Herring on September 23, 2018.

2018-9-25 09:00	Mining
bitcoin iceland due blockchain core interest 2018

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Study Reveals Growing Sophistication in Malicious Mining of Cryptocurrency

Several Chinese researchers from Fudan University, Tsinghua University and the University of California Riverside have produced the first systematic study of the malicious mining of cryptocurrencies, known as cryptojacking, unveiling increasing complexity over time.

2018-9-25 23:59	#scams
cryptojacking mining cryptocurrency malicious coinhive websites study

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Canadian city will kill power to $100M Bitcoin farm to keep citizens cool

Canada’s largest cryptocurrency mining operator has been threatened with having its power cut off. Due to growing environmental concerns, Hut 8’s Bitcoin operation in Medicine Hat is to be one of the first to go in case of intense heat waves, CBC reports.

2018-9-24 14:02	hard fork
bitcoin mining hat medicine power people hut

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How Cryptocurrency Mining Could Help to Minimize Energy Wastage

Concerns regarding the carbon footprint of the cryptocurrency mining industry continue to grow after it came to light that the power required to run the Bitcoin network exceeded that power consumption of entire countries.

2018-9-24 13:00
mining cryptocurrency power energy could economic turn

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RBI Argues Supreme Court Should Not Interfere With Its Crypto Decision

The Reserve Bank of India has filed an affidavit with the country’s supreme court in response to one of the petitions against its crypto banking ban. The central bank reportedly argues that it has acted within its power and that none of the petitioners have shown reasonable grounds for the supreme court to intervene.

2018-9-24 02:25	Virtual Currency
court supreme crypto argues rbi interfere bank

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Bitcoin Magazine’s Week in Review: The Resilience of Bitcoin

Altcoins may come and go; hacks may challenge exchanges; mainstream financial advisors might not get it — but even in the face of a protocol bug, Bitcoin perseveres and develops.

2018-9-22 19:33
bitcoin bug week miner exchange released magazine

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Coinbase seeks legal sanctuary in Texas amid Delaware drift

According to FOX Business, Coinbase will reincorporate in Texas after shareholders voted to approve the move, formally ending its registration in Delaware.

Custodia and Vantage Bank launch tokenized deposit platform for US banks

U. S. banks, Custodia Bank, and Vantage Bank have launched a blockchain-based solution for tokenized deposits and stablecoin support that can be integrated by traditional banks looking to offer digital asset services.

U.S. bankruptcy court denies crypto swindler’s $12.5m escape hatch

A Texas bankruptcy court has slammed the door on Nathan Fuller, denying his discharge in a landmark move. His attempt to use Chapter 7 to erase debts from an exposed crypto Ponzi scheme backfired, setting a powerful precedent. According to…

Texas passes SB1498 allowing seizure of digital assets tied to crimes

Texas has passed a law granting law enforcement the authority to seize digital assets, with the measure set to take effect on Sept. 1. On June 20, Texas lawmakers passed Senate Bill 1498, a bipartisan law that gives law enforcement…

Lone Star ledger: Texas clears final hurdle for Bitcoin reserve fund

The Texas Senate has approved the conference committee report for Senate Bill 21 by a decisive 24-7 margin. This move has cleared the final legislative hurdle for the state’s proposed Bitcoin reserve fund.

Texas approves Bitcoin reserve bill, awaits governor’s signature

Texas is on the verge of becoming the third U.S. state to establish a state-managed Bitcoin. The Texas Strategic Bitcoin Reserve and Investment Act, SB 21, was approved by the House of Representatives with a vote of 101-42. The bill…

Sangha raises $14m to launch solar-powered Bitcoin mine in Texas

Sangha Renewables has raised $14 million in equity funding for its flagship 19.9-megawatt Bitcoin mining project in West Texas. The facility, developed alongside a major independent power producer, will operate directly on a solar energy site and is expected to…

2021-11-23 07:01

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