Texas – Page 3 – DIGIT INFO

Texas House Advances Gold-Backed Digital Currency Bill

Texas has taken its first steps in order to approve a bill that would issue a 100% gold-backed digital currency. If enacted as law, the bill, which is being discussed by a Texas House committee, would create an electronic system for users to transact and pay with this digital currency and would also allow them […]

Go to Source

Mineflation: Cost to mine one Bitcoin in the US rises from $5K to $17K in 2023

New Mexico is the cheapest US state to mine Bitcoin in terms of average electricity cost, while Hawaii is the by far the most expensive.

Go to Source

Bitcoin advocates rally at Texas State Capitol to oppose bill cutting mining incentives

“When you target one industry the way they are with this bill, that’s bad policy no matter what the industry you’re targeting,” said Satoshi Action Fund CEO Dennis Porter.

Go to Source

‘Proof of Reserve’ bill passes in Texas House of Representatives

Digital asset providers would be restricted from comingling customer funds with any other type of operational capital.

Go to Source

Crypto firm Mawson sells Texas sites for $8.5M ahead of vote on anti-mining bill

A Singapore-based fund manager will purchase Mawson Infrastructure Group’s Texas subsidiary and said it will participate in the state energy grid’s load response program.

Go to Source

Bill limiting incentives for crypto miners passes Texas Senate, moves to House

Senate Bill 1751 will next move to the Texas House of Representatives, which is scheduled to meet and discuss legislation on April 13.

Go to Source

Bitcoin Proponents Accuse the New York Times of Publishing One-Sided ‘Hit Piece’ on Bitcoin Mining

After the New York Times was accused of writing favorable pieces about disgraced FTX co-founder Sam Bankman-Fried and inviting him to speak at the news outlet’s Dealbook Summit, it is once again being criticized for publishing a “hit piece” about bitcoin mining. The article’s authors claim that bitcoin mining is harmful to the environment, while […]

Go to Source

Texas’ gold-backed digital currency project: Law Decoded, April 3–10

While Ted Cruz and Ron DeSantis attack the idea of American CBDC, Texan lawmakers propose to create a statewide one.

Go to Source

‘Don’t Mess with Texas Innovation’ — advocates criticize bill removing crypto mining incentives

Lawmakers in a Texas Senate committee moved forward on Senate Bill 1751 on April 4, paving the way for a floor vote for the legislation some have labeled as against crypto miners.

Go to Source

Texas Lawmakers Introduce Bill Proposing to Establish a Gold-Backed Digital Currency

Two Republican lawmakers from Texas, senator Bryan Hughes and representative Mark Dorazio, have introduced legislation to create a gold-backed digital currency that could be enacted by the state legislature. The policymakers believe that this currency could greatly benefit the Lone Star State and, as an alternative digital currency, it could provide Texas residents with the […]

Go to Source