1. Home
  2. Massachusetts

Massachusetts

Elizabeth Warren vs. Innovation: It’s Time for Massachusetts to Choose

Elizabeth Warren vs. Innovation: It’s Time for Massachusetts to ChooseElizabeth Warren has been a major political figure in Massachusetts for over a decade. While she’s known for championing consumer protection and taking on big banks, her stance on modern financial innovation—particularly her aggressive opposition to cryptocurrency—shows that her leadership is increasingly out of touch with today’s fast-changing economy. Massachusetts needs fresh leadership that embraces […]

‘Infinite Money Glitch’ Putting MicroStrategy at Risk of Liquidation, According to BitMEX Research

Pro-XRP attorney John Deaton wins Republican US Senate primary

The pro-crypto lawyer secured victory in the Massachusetts Republican primary race and will now face off against industry antagonist Elizabeth Warren in November. 

Pro-crypto attorney John Deaton has won the Republican nomination for the U.S. Senate in the Massachusetts primary election and is set to face off against Democratic Senator Elizabeth Warren in November. 

Deaton, a former Marine and outspoken advocate of Ripple (XRP), defeated two other Republican candidates including industrial engineer Bob Antonellis and Quincy city council president Ian Cain to nab the Republican nomination, according to a Sept. 4 report from the Associated Press.

He has secured 64% of votes so far, with just over 43% of the total votes in Massachusetts being counted at the time of publication, according to election tracking data from Politico.

Read more

‘Infinite Money Glitch’ Putting MicroStrategy at Risk of Liquidation, According to BitMEX Research

Lawyer trying to unseat Senator Warren says 82% net worth is in Bitcoin

Attorney John Deaton will face off against two Republican candidates in a Massachusetts primary on Sept. 3.

John Deaton, the lawyer running as a Republican for a United States Senate seat in Massachusetts, said 82% of his net worth is in Bitcoin.

At the Bitcoin 2024 conference in Nashville on July 27, Deaton addressed his campaign against incumbent Senator Elizabeth Warren to a crowd of crypto enthusiasts. After disclosing his Bitcoin (BTC) holdings, the attorney referenced a 2022 interview with the Massachusetts senator, who suggested support for a central bank digital currency, or CBDC.

“I just disclosed to the Federal Election Commission that my net worth, 82%’s in Bitcoin, baby,” said Deaton.

Read more

‘Infinite Money Glitch’ Putting MicroStrategy at Risk of Liquidation, According to BitMEX Research

Winklevoss Twins Donate $1 Million to Elizabeth Warren Rival John Deaton

Winklevoss Twins Donate  Million to Elizabeth Warren Rival John DeatonThe Winklevoss twins, Tyler and Cameron, founders of Gemini and Winklevoss Capital, have donated $1 million to support the campaign of pro-crypto candidate John Deaton in the state of Massachusetts. Both stated that their goal with this donation is to help Deaton beat Sen. Elizabeth Warren, who has an anti-crypto stance. On X, Tyler explained […]

‘Infinite Money Glitch’ Putting MicroStrategy at Risk of Liquidation, According to BitMEX Research

Elizabeth Warren Explains Her ‘Anti-Crypto Army’ Stance; Waves of Democrats Oppose Her Bitcoin Criticism

Elizabeth Warren Explains Her ‘Anti-Crypto Army’ Stance; Waves of Democrats Oppose Her Bitcoin CriticismElizabeth Warren, the Democratic senator from Massachusetts, has recently launched a political campaign against cryptocurrencies as she seeks a third term in office in 2024. In a recent interview on “Meet the Press Reports” with NBC’s Chuck Todd, Warren likened buying bitcoin to “buying air.” Despite her stated distrust of banks, Warren told the show […]

‘Infinite Money Glitch’ Putting MicroStrategy at Risk of Liquidation, According to BitMEX Research

Bank Board Member and Dodd-Frank Co-Sponsor Barney Frank Suspects ‘Anti-Crypto’ Message Behind Signature Bank Failure

Bank Board Member and Dodd-Frank Co-Sponsor Barney Frank Suspects ‘Anti-Crypto’ Message Behind Signature Bank FailureBarney Frank, a former member of the U.S. House of Representatives from Massachusetts and leading co-sponsor of the 2010 Dodd-Frank Act, discussed his opinion on the recent failure of Signature Bank. In an interview, Frank stated that he believes regulators aimed to “send a very strong anti-crypto message.” Frank, who also serves as a Signature […]

‘Infinite Money Glitch’ Putting MicroStrategy at Risk of Liquidation, According to BitMEX Research

Man faces arrest over alleged crypto mine hidden under a school

A former facilities worker in the U.S. state of Massachusetts is alleged to have stolen nearly $18,000 worth of electricity to run 11 miners in a school’s crawl space.

A former facilities worker who allegedly set up a secret cryptocurrency mining operation inside a Massachusetts school’s crawl space is due for arrest after missing a scheduled court hearing to answer to charges. 

Nadeam Nahas was scheduled to be arraigned on Feb. 23 facing charges of vandalizing a school and fraudulent use of electricity, according to media reports.

A default warrant is a type if warrant issued by courts when a person fails to appear in court or comply with an order, and authorizes law enforcement officers to arrest the person.

Nahas, who is said to have previously worked in the facilities department for the town of Cohasset, Massachusetts, United States, is alleged to have stolen electricity worth almost $18,000 in order to power his crypto mining operation in 2021, between April 28 and Dec. 14.

Local police were reportedly initially informed about the operation in December 2021 after Cohasset’s facilities director noticed computers, wiring and ductwork that seemed out of place given they were in a crawl space near the school’s boiler room.

A total of 11 computers were found there, and Nahas was identified as a suspect after a three-month investigation.

Nahas resigned from his position with the town of Cohasset in March.

Related: The economics of cryptocurrency mining: Costs, revenues and market trends

It is certainly not the first time someone has been charged with stealing electricity in order to mine cryptocurrency.

In July 2021, Malaysian officials destroyed $1.2 million worth of Bitcoin (BTC) mining rigs that were confiscated from residents who were stealing electricity to mine.

A year prior, in August 2020, Bulgarian authorities arrested two men for illegally siphoning off more than $1.5 million in electricity to operate two crypto mining farms.

‘Infinite Money Glitch’ Putting MicroStrategy at Risk of Liquidation, According to BitMEX Research

Former Cohasset High School Employee Accused of Stealing Thousands in Electricity to Mine Bitcoin in School Campus Crawlspace

Former Cohasset High School Employee Accused of Stealing Thousands in Electricity to Mine Bitcoin in School Campus CrawlspaceA former school assistant facilities director in Cohasset, Massachusetts, has been accused of operating a cryptocurrency mining operation inside a crawlspace at Cohasset High School. The Cohasset Police Department alleges that Nadeam Nahas stole nearly $18,000 in electricity to power the crypto mining scheme. Former Cohasset School Employee Faces Charges for Electricity Theft in School […]

‘Infinite Money Glitch’ Putting MicroStrategy at Risk of Liquidation, According to BitMEX Research

Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs

Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining RigsThe Amesbury, Massachusetts-based Bankprov, a subsidiary of Provident Bancorp, has announced that it will no longer provide loans secured by cryptocurrency mining rigs. In a filing with the U.S. Securities and Exchange Commission (EX-99.1), Bankprov stated that revenue from its digital asset loan portfolio will continue to decrease as the company has discontinued new loan […]

‘Infinite Money Glitch’ Putting MicroStrategy at Risk of Liquidation, According to BitMEX Research

Massachusetts Senator Forwards Bill Aimed at Forcing Crypto Miners to Report Greenhouse Gas Emissions

Massachusetts Senator Forwards Bill Aimed at Forcing Crypto Miners to Report Greenhouse Gas EmissionsOn Dec. 8, 2022, three Democratic politicians from Massachusetts, Oregon, and California revealed legislation aimed at combatting “energy-intensive” cryptocurrency mining operations. The bill introduced by senator Ed Markey (D-MA) alleges that crypto mining “strains the grid” and the industry “undermines U.S. climate goals.” 3 U.S. Bureaucrats Believe Crypto Miners Need to Report Carbon Emissions and […]

‘Infinite Money Glitch’ Putting MicroStrategy at Risk of Liquidation, According to BitMEX Research