
According to Foundry’s data pool, Texas accounts for 28.5% of all Bitcoin hash rate in the United States.
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Digital asset providers would be restricted from comingling customer funds with any other type of operational capital.
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A legislative proposal has been introduced to support the bitcoin economy in the U.S. state of Texas. “The individuals who own bitcoin should be protected” under the Texas Constitution, the proposal describes. “No citizen of Texas shall ever be deprived of their right to own bitcoin and that all bitcoin owners will be protected as […]
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Given the unique positioning of the crypto mining market, Texas officials believe miners can participate in demand response programs — which involve turning off miners’ power during peak demand.
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Extreme heat won’t stop miners from setting up operations in Texas, but more sustainable practices may be required.
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Despite the price of BTC, the Bitcoin network is the strongest it’s ever been, according to industry experts.
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The Initial Public Offering (IPO) for Texas-based Bitcoin miner Rhodium Enterprises is another feather in the cap for the Bitcoin-friendly southern State.
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Will Texas follow in Wyoming’s footsteps to become the next crypto-friendly U.S. state?
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