Texas Lawmaker Introduces Bill That Would Establish Bitcoin Reserve Within the State Treasury

December 13, 2024 The Daily Hodl

Bitcoin

A member of the Texas House of Representatives just proposed a new legislation that will enable the Lone Star State to establish a strategic Bitcoin (BTC) reserve within its treasury. Republican state Representative Giovanni Capriglione filed the Texas Strategic Bitcoin Reserve Act on Thursday. The bill says the strategic Bitcoin reserve aligns with the state’s […]

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Texas Representative Proposes Strategic Bitcoin Reserve Act

December 12, 2024 Bitcoin.com

Bitcoin

On Thursday, Dec. 12, Texas Representative Giovanni Capriglione introduced a bill to establish a bitcoin reserve as a financial asset within the state treasury, marking a significant step toward incorporating cryptocurrency into public financial management. Giovanni Capriglione Introduces Bill for State Bitcoin Reserve The legislation, titled the Texas Strategic Bitcoin Reserve Act, outlines the creation […]

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

October 21, 2024 Coin Telegraph

Bitcoin mining

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

October 19, 2024 Bitcoin.com

Allsup's

Cryptocurrency 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

October 18, 2024 Bitcoin.com

bank

Venmo’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

October 9, 2024 The Daily Hodl

Bitcoin

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 […]

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

October 8, 2024 Bitcoin.com

Alcoa

Ward 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

October 8, 2024 Bitcoin.com

Alcoa

Mayor 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

October 1, 2024 Coin Telegraph

Alabama

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

September 14, 2024 Bitcoin.com

Alabama

Five 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 […]

Texas

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