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Mining PAC launches ad for Ted Cruz as early voting begins in Texas

More than 18 million registered voters in the Lone Star State will decide whether to replace Senator Ted Cruz with Representative Colin Allred starting in 2025.

A political action committee (PAC) backed by cryptocurrency mining executives has launched two ad spots for Republican candidates as early voting continues in the United States for the November election.

In an Oct. 21 X post, the Bitcoin Voter PAC said it was responsible for an ad supporting Texas Senator Ted Cruz as residents of the state began early voting. The ad spot claimed Cruz understood “embracing Bitcoin” without explicitly mentioning any of his opponent Colin Allred’s policies. 

Executives from crypto mining firms Marathon Digital Holdings, CleanSpark, and Riot Platforms form the board members of the Bitcoin Voter Project, an advocacy group launched in June to identify potential voters and influence crucial elections. According to Federal Election Commission records as of Sept. 30, the organization’s PAC had filed no contributions or expenditures in the 2024 election.

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Crypto ATMs Coming to 45 New Locations Across Five US States

Crypto ATMs Coming to 45 New Locations Across Five US StatesCryptocurrency is becoming more accessible across the U.S. with the expansion of digital currency kiosks to 45 new locations in the Southwest and Midwest. Yesway, a fast-growing convenience store chain, is partnering with Coinflip to bring crypto ATMs to its customers, offering a seamless and secure way to buy and sell bitcoin and other digital […]

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Paypal Expands Crypto Reach: 60 Million Venmo Users Now Linked to Moonpay

Paypal Expands Crypto Reach: 60 Million Venmo Users Now Linked to MoonpayVenmo’s 60 million users can now fund transactions on the Moonpay platform, thanks to a new integration announced by Paypal. U.S. users can use Venmo balances, linked bank accounts, or cards to buy and sell cryptocurrencies through Moonpay, expanding payment flexibility. However, this option is unavailable in New York and Texas, continuing Paypal’s push into […]

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Town in Texas Sues Marathon Digital Over ‘Intolerably Loud’ Noise of BTC Miners

Town in Texas Sues Marathon Digital Over ‘Intolerably Loud’ Noise of BTC Miners

Residents of a town in Texas are suing a publicly listed Bitcoin (BTC) mining firm over noise pollution. According to a lawsuit filed earlier this month by Citizens Concerned About Wolf Hollow, a community group for residents of Granbury in Hood County, Texas, a cryptocurrency mine currently operated by Marathon Digital Holdings (NASDAQ: MARA) is […]

The post Town in Texas Sues Marathon Digital Over ‘Intolerably Loud’ Noise of BTC Miners appeared first on The Daily Hodl.

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Texas Mayor Ward Roddam Reveals How Bitcoin Resurrected Rockdale’s Economy

Texas Mayor Ward Roddam Reveals How Bitcoin Resurrected Rockdale’s EconomyWard Roddam, mayor of the City of Rockdale in Texas, explained how the arrival of bitcoin mining revitalized the city’s economy. In a recently published opinion piece, Roddam noted that bitcoin miners took advantage of the energy infrastructure left by Alcoa, an aluminum plant that closed in 2008 due to rising energy costs and regulations. […]

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Bitcoin Is Digital Oil Well Fueling Rural Texas Economic Revival, Mayor Says

Bitcoin Is Digital Oil Well Fueling Rural Texas Economic Revival, Mayor SaysMayor Ward Roddam of Rockdale, Texas, sees bitcoin mining as the key to his town’s resurgence after the devastating closure of its largest employer, Alcoa. Comparing it to Texas’ oil boom, Roddam highlights how this modern technology is creating jobs, boosting revenue, and funding essential services. With over $1 billion in investments, bitcoin mining could […]

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CleanSpark still to restore 165MW in aftermath of Hurricane Helene

The massive category 4 hurricane has killed at least 137 people, and many more are still missing — while millions of homes and businesses remain without power. 

United States Bitcoin mining firm CleanSpark says it is still working to turn the power back on across all its facilities in the aftermath of Hurricane Helene — which saw devastating flooding, power outages and widespread damage across several US states. 

The Bitcoin miner’s hashrate briefly fell from 28 exahashes per second to 10.5 EH/s when it was forced to shut down 365 MW at the southeast Georgia site shortly after the hurricane started on Sept. 27. 

However, CleanSpark has managed to turn 200 MW back online since then, increasing its current operating hash rate to 22 EH/s, CleanSpark’s CEO Zach Bradford noted in a Sept. 30 statement.

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5 US States Settle With GSB Group Over Unregistered Crypto Sales

5 US States Settle With GSB Group Over Unregistered Crypto SalesFive U.S. states have reached a settlement with GSB Group over unregistered securities sales tied to digital assets. Residents of the states will receive refunds for all fiat and cryptocurrency deposits. GSB chairman Josip Heit agreed to cease selling unregistered securities without admitting or denying violations. 5 States Reach Settlement With GSB Group Over Unregistered […]

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U.S. Federal Reserve Slaps Texas Bank With Cease-and-Desist Order Related to Crypto Services

U.S. Federal Reserve Slaps Texas Bank With Cease-and-Desist Order Related to Crypto Services

The U.S. Federal Reserve is hitting a Texas bank with a crypto-related cease and desist order, alleging that it violated several national laws. According to recent court documents, the Federal Reserve found that United Texas Bank had “significant deficiencies” in its corporate oversight, governance, and anti-money laundering (AML) protocols after launching an investigation into the […]

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Bitcoin (BTC) Mining in Texas Increases by 30% in August As Electricity Prices Plummet

Bitcoin (BTC) Mining in Texas Increases by 30% in August As Electricity Prices Plummet

New data reveals that Bitcoin (BTC) mining in Texas has seen a 30% increase during the month of August as electricity prices in the state nosedive. In a new thread, Pierre Rochard, the vice president of BTC mining firm RiotPlatforms, tells his 58,200 followers on the social media platform X that mining of the top […]

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