Cryptocurrencies now legally recognized under commercial law in Texas
Texas House Bills 4474 and 1576 officially took effect on Sept. 1 after being signed into law by Governor Greg Abbott in June. Go to Source Powered by WPeMatico
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Kentucky Regulators Crack Down on Blockfi Interest-Bearing Accounts
The crypto lender Blockfi is now dealing with regulators from five states as Kentucky has joined the fray against the firm’s Blockfi Interest Accounts (BIAs). On July 30, Blockfi shared a statement on Twitter that explained the Kentucky Department of Financial Institutions (DFI) has sent the company an order that aims to ban new BIA … Read more
Crypto cowboys: Texas counties welcome Bitcoin miners with open arms
Bitcoin mining facilities are setting up shop in Texas, but not only for obvious reasons like wind and land opportunities. Here’s why the state is becoming popular. Go to Source Powered by WPeMatico
Texas and Alabama Regulators Crackdown on Blockfi’s Interest Bearing Account Product
Fresh off the heels of Blockfi’s issues with the New Jersey Bureau of Securities, the company is now having problems in the state of Alabama. The director of the Alabama Securities Commission (ASC), Joseph Borg, explained on July 21 that he issued a show cause to the firm. Borg wants Blockfi to explain why the … Read more
Texas alleges that BlockFi is offering unregistered securities
The state’s financial regulator join its counterparts in New Jersey and Alabama in taking action against the crypto lending platform. Go to Source Powered by WPeMatico
Bit Mining raises $50M to take operations out of China
Bit Mining is looking to exit China’s market in response to the recent government crackdown on mining. Go to Source Powered by WPeMatico
Riot Blockchain Bitcoin Production Jumps More Than 400% Year-on-Year Amidst Mining Exodus
Riot Blockchain, a Nasdaq-listed mining company, reported Thursday on its Bitcoin production last month. The company’s numbers jumped a little more than 400% year-on-year, as a result of the increase in mining power. The recent mining crackdown in China is also helping companies like Riot to keep growing. The company plans to continue increasing its … Read more
Argo Blockchain receives $20M Bitcoin-backed loan from Galaxy Digital for Texas mining facility
The U.K.-based mining firm’s announcement comes amid the country’s Financial Conduct Authority cracking down on crypto exchanges. Go to Source Powered by WPeMatico
More Than Two Dozen Crypto ATMs to Be Installed in Texas-Based H-E-B Grocery Stores
H-E-B shoppers will soon be able to obtain digital assets at more than two dozen locations in Texas. Coin Cloud, a crypto automated teller machine (ATM) provider, says 29 H-E-B stores will feature kiosks that provide access to more than 30 crypto assets including defi tokens and stablecoins. H-E-B Stores in Texas to Host Coin … Read more
Texas crypto users will soon be able to buy and sell tokens at major supermarket chain
The state is already becoming known for attracting miners and attempting to pass pro-crypto legislation, with Governor Greg Abbott saying he was a “crypto law proposal supporter.” Go to Source Powered by WPeMatico
