SEC under fire for its custody rule: Law Decoded, May 8–15
Last week was harsh for the United States Securities Exchange Commission, with industry figures and officials publicly criticizing the regulator. Go to Source Powered by WPeMatico
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BTC miner Rhodium faces lawsuit over an alleged $26M in unpaid fees: Report
Crypto mining firm Riot Platforms seeks to terminate “certain hosting agreements” with Rhodium and requests exemption from any owed power credits to the counterparty. Go to Source Powered by WPeMatico
Texas votes to add crypto into state’s bill of rights
Texas lawmakers vote to add digital currency to the state’s Bill of Rights, granting individuals the right to use digital currencies like Bitcoin for trading. Go to Source Powered by WPeMatico
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 … Read more
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 Powered by WPeMatico
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 Powered by WPeMatico
‘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 Powered by WPeMatico
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 Powered by WPeMatico
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 Powered by WPeMatico
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 … Read more