Category: Texas

Texas following El Salvador? Poll shows 37% of residents want crypto payments

September 20, 2021

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Two pieces of legislation related to cryptocurrencies recently took effect in the state, and many businesses already accept digital payments. 3443 Total views 52 Total shares A new poll from Newsweek suggests that as many as 10.8 million Texans may support legislation that makes cryptocurrency legal in the next election. According to a Sept. 20 […]

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Bit Mining raises $50M to take operations out of China

July 14, 2021

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Bit Mining is looking to exit China’s market in response to the recent government crackdown on mining. 1938 Total views 5 Total shares Shenzhen-based crypto mining firm, Bit Mining, is raising $50 million to fund an expansion out of the Chinese market. Announced on July 12, the firm has entered into an agreement with select […]

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Texas crypto users will soon be able to buy and sell tokens at major supermarket chain

June 18, 2021

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The state is already becoming known for attracting miners and attempting to pass pro-crypto legislation, with Governor Greg Abbott saying he was a “crypto law proposal supporter.” 5973 Total views 61 Total shares Shoppers wanting to cash out their crypto holdings to buy groceries may soon be able to do so at many H-E-B supermarkets […]

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Crypto miners eye cheap power in Texas, but fears aired over impact on the grid

June 16, 2021

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The recent crackdown on crypto mining in China has seen concerns expressed over the potential impact a hashrate migration could have on Texas’ unreliable electricity market, as an increasing number of dislocated miners eye the Lone Star State. Texas’ abundant sources of renewable energy and highly deregulated power grid make the state an obvious choice […]

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Riot Blockchain Bitcoin production jumps 80% over pre-halving levels

April 12, 2021

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The company said it held more than $94 million in crypto as of March 31, all from Bitcoin it has mined. 837 Total views 6 Total shares In an announcement today, Riot reported that it had produced 187 Bitcoin (BTC) — roughly $11.2 million — last month, an 80% increase over its BTC mining in […]

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Texas chases after Wyoming with crypto law proposal, but challenges remain

March 25, 2021

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Everything is bigger in Texas, but when it comes to crypto-friendly legislation, this doesn’t seem to be the case… just yet. On March 12, 2021, Texas Representative Tan Parker introduced the Uniform Commercial Code, also known as UCC, amendment bill (House Bill 4474) to better adapt commercial law to blockchain innovation and digital asset regulations. […]

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Serbian Man Extradited to US After Being Indicted in $70M Crypto Fraud

February 6, 2021

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The scheme allegedly included offering bitcoin at “half market price.” Feb 6, 2021 at 5:35 p.m. UTCUpdated Feb 6, 2021 at 8:35 p.m. UTC Serbian Man Extradited to US After Being Indicted in $70M Crypto Fraud Serbia has extradited a man to the U.S. after he was indicted by a Dallas-based federal grand jury on […]

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