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Elon Musk has not made any public comments regarding a bizarre $600,000 monument of him as a goat, which was delivered to the Tesla headquarters on the weekend. Go to Source Powered by WPeMatico
Though the mood among many who showed up in Austin was bullish, most commented on the collapse of FTX and the drop in the price of Bitcoin. Go to Source Powered by WPeMatico
“This is categorically a very, very negative thing for human beings and for the regulatory environment,” Yang said. Go to Source Powered by WPeMatico
Another bitcoin mining company is dealing with financial issues as Iris Energy’s Form 6-K filing with the U.S. Securities and Exchange Commission (SEC) shows the company could face default on two loans. Iris Energy’s Form 6-K filing explains to the SEC that the firm “received a notice from its lender alleging the occurrence of an … Read more
The Texas State Securities Board enforcement director downloaded an FTX Trading app – not an FTX US app – in Texas using his own information and was able to earn interest on it. Go to Source Powered by WPeMatico
Regulators from the state of Texas and the state’s attorney general are objecting to FTX purchasing Voyager Digital, as the state’s securities commissioner needs to “determine whether FTX US is complying with the law.” Texas State Securities Board, Department of Banking, and Attorney General File Objection Against FTX Buying Voyager Digital According to a bankruptcy … Read more
The Texas state authorities, SSB and DOB, argued that Voyager fails to explain the methodology used to calculate the average coin prices, among others. Go to Source Powered by WPeMatico
A number of Democratic U.S. policymakers have written a letter to the CEO of the Electric Reliability Council of Texas (ERCOT) in order to inquire about the cryptocurrency mining operations in the state. The letter that stems from senator Elizabeth Warren’s office says that the lawmakers are concerned with the so-called climate crisis, and the … Read more
According to a letter penned by seven U.S. lawmakers, ERCOT was “intimately connected” with the growth of crypto mining in Texas. Go to Source Powered by WPeMatico
While bitcoin is down more than 72% from the crypto asset’s all-time high, bitcoin mining operations are expanding at a rapid pace during the downturn. On Tuesday, the bitcoin miner Cleanspark said its hashrate has surpassed 4 exahash per second (EH/s), and the Texas mining company Rhodium revealed it raised $11.9 million, according to a … Read more
