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

September 7, 2024 The Daily Hodl

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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Coinbase Opposes Billion Lawsuit Over WBTC Delisting by Bit Global

Coinbase Opposes $1 Billion Lawsuit Over WBTC Delisting by Bit Global

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

August 30, 2024 The Daily Hodl

Bitcoin

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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Coinbase Opposes $1 Billion Lawsuit Over WBTC Delisting by Bit Global

Texas Senator discloses up to $100K BTC after blockchain endorsement

August 16, 2024 Coin Telegraph

Texas Senator discloses up to 0K BTC after blockchain endorsement

Assets

After visiting a Bitcoin mining facility and receiving the endorsement of a blockchain advocacy group, Senator Ted Cruz reported purchasing up to $100,000 worth of BTC in 2023.

Ted Cruz, the junior United States senator representing Texas, disclosed he purchased up to $100,000 worth of Bitcoin through financial services firm River Financial.

In an Aug. 13 disclosure filing with the US Senate, Cruz revealed he bought between $50,001 and $100,000 worth of Bitcoin (BTC) as part of his personal holdings in 2023. The filing came just one day after the advocacy group Texas Blockchain Council endorsed the senator for his 2024 reelection campaign, highlighting his views on crypto.

The Texas senator also reported he purchased Bitcoin in 2022, declaring between $15,001 and $50,000 worth of the cryptocurrency. His 2023 disclosure form did not include three BTC miners he claimed to have purchased in May, which will likely be officially reported sometime in 2025.

Coinbase Opposes $1 Billion Lawsuit Over WBTC Delisting by Bit Global

Bitcoin Miner Iris Energy Expands Power Capacity at Texas Data Center

July 24, 2024 Bitcoin.com

AI cloud computing

Iris Energy Limited has announced an increase in its power capacity at the Childress site in Texas from 600 megawatts (MW) to 750 MW. This expansion follows approval from the Electric Reliability Council of Texas (ERCOT) and an amended connection agreement with American Electric Power (AEP). Iris Energy Expands Texas Operations On Wednesday, Iris Energy […]

Coinbase Opposes $1 Billion Lawsuit Over WBTC Delisting by Bit Global

US Bitcoin miners hodl in expectation of BTC price rises

July 15, 2024 Coin Telegraph

Bitcoin mining

US mining firms are confounding pre-halving expectations by hodling the BTC they mine.

Marathon Digital Holdings didn’t sell any of its Bitcoin in June.

The decision marks a growing trend among United States-based Bitcoin (BTC) miners, who are choosing to keep the Bitcoin they mine rather than sell it.

Cointelegraph spoke to Salman Khan, Marathon’s chief financial officer, to better understand how miners decide when to accumulate their Bitcoin and when to move them onto the market.

Coinbase Opposes $1 Billion Lawsuit Over WBTC Delisting by Bit Global

Crypto Exchange Abra Acquires Several Valkyrie Funds After Settling With US State Regulators: Report

July 14, 2024 The Daily Hodl

Abra

Crypto exchange Abra is reportedly purchasing a number of funds from digital asset management firm Valkyrie Investments after settling with US state regulators. According to a new report by Bloomberg, Abra has bought several trusts from Valkyrie after settling up with 25 regulators. Marissa Kim, Abra’s head of asset management, tells Bloomberg that the deal […]

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Coinbase Opposes $1 Billion Lawsuit Over WBTC Delisting by Bit Global

Marathon Digital Bitcoin Mine Manager Acquitted of Noise Violations In Texas

July 13, 2024 Bitcoin.com

bitcoin.com

David Fischer, who serves as a plant manager for a Bitcoin mine owned by Marathon Digital, a public Bitcoin mining company, has been acquitted of having responsibility for several noise complaints brought by citizens living nearby. The operation, located in Texas, is one of the least remote mines managed by the company. Marathon Digital Plant […]

Coinbase Opposes $1 Billion Lawsuit Over WBTC Delisting by Bit Global

Bitcoin Miner Hut 8 Secures 205 MW Power Agreement in Texas

July 9, 2024 Bitcoin.com

Bitcoin

Bitcoin miner Hut 8 Corp. has entered into a definitive power purchase agreement for a site in West Texas. The agreement provides Hut 8 with 205 megawatts of power capacity, marking the first conversion from its 1,100 megawatts development pipeline. Hut 8 Finalizes 205 MW Power Purchase Agreement in West Texas The new site, connected […]

Coinbase Opposes $1 Billion Lawsuit Over WBTC Delisting by Bit Global

Judge signs off on expedited schedule for Consensys suit against SEC

July 2, 2024 Coin Telegraph

Coin Telegraph

While Judge Reed O’Connor granted the SEC an extension to respond to Consensys’ lawsuit, he also approved a timeline for considering the case’s merits proposed by the firm.

A federal judge overseeing software firm Consensys’ lawsuit against the United States Securities and Exchange Commission (SEC) and its commissioners has greenlighted a timeline for the court to consider the case’s merits.

In a July 1 filing in the U.S. District Court for the Northern District of Texas, Judge Reed O’Connor granted a motion requiring SEC and Consensys lawyers to file opening and opposition briefs by September and November, respectively. The judge also granted the SEC a 28-day extension to respond to the complaint.

As part of Judge O’Connor’s timeline, all five SEC commissioners and the regulator will need to file answers by July 29, with reply briefs filed by Nov. 26. Bill Hughes, Consensys’ senior counsel and director of global regulatory matters, said in a July 2 X post that he expected a ruling on the case to happen around December.

Coinbase Opposes $1 Billion Lawsuit Over WBTC Delisting by Bit Global

Oil land buyer LandBridge makes a nod to crypto miners in $320M IPO

June 19, 2024 Coin Telegraph

Oil land buyer LandBridge makes a nod to crypto miners in 0M IPO

Bitcoin mining

LandBridge has a huge amount of land in the middle of America’s oil country, but it also says it can make big money off crypto miners.

LandBridge, a United States firm that acquires large swaths of land for oil and gas production, says it intends to court crypto miners as part of its future strategy — amid the launch of its initial public offering (IPO) on Monday.

The company said on June 17 that it’s offering 14.5 million shares, which it anticipates will be priced between $19 and $22, potentially giving it a valuation of up to $1.6 billion. It plans to be listed on the NYSE under the ticker “LB.”

Regulatory filings show LandBridge owns around 220,000 surface acres in and around the oil and natural gas-rich Delaware subbasin in the Permian Basin area of Texas and New Mexico.

Texas

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