State Texas Financial News

30.05 / 12:27

Government Law regulation Texas legislative session winds down with crypto bills still in limbo

The 88th legislative session for the government of the state of Texas will end on May 29 without any resolution to certain bills affecting aspects of the digital asset space.

24.05 / 07:17

regulation Liquidity Bankruptcy Bitcoin Bitcoin Price exit boost Core Scientific moves for September bankruptcy exit, expects $46M boost

A restructuring plan for bankrupt Bitcoin (BTC) miner Core Scientific could be finalized by September and it expects to exit proceedings with an additional $46 million due to recent favorable market conditions.

19.05 / 15:59

Mining Crypto exchanges legislation lawmakers reserves Texas Lawmakers Pass Proof-of-Reserves Cryptocurrency Bill

The Texas legislature passed a bill this week requiring cryptocurrency exchanges to provide a “proof of reserves,” the latest move by the lone star state.

19.05 / 08:39

business regulation Senate Reserve Texas proof-of-reserve bill passes through the Senate

The legislation that could oblige exchanges to maintain reserves “in an amount sufficient to fulfill all obligations to customers” made it one step closer to reality in the state of Texas. The bill passed through a Senate vote and now awaits only the state governor's signature.

16.05 / 21:27

defi Liquidity DAO class action Bancor DAO hit with class action suit over impermanent loss protection promises

A group of investors has filed a class action suit against the Bancor decentralized autonomous organization (DAO), its operator BProtocol Foundation and its founders in the United States District Court for the Western District of Texas. The plaintiffs claim, among other things, that Bancor deceived investors about its impermanent loss protection (ILP) mechanism for liquidity providers and was an unregistered security.

16.05 / 14:31

Blockchain Binance CEO Gap Strategy Align Continental expansion Customer Betting Big on M&A and VC: Binance Eyes Expansion and Enriched Customer Base

Binance has been working to increase its customer base and influence across several sectors.

15.05 / 14:49

regulation SEC coinbase Terra SEC under fire for its custody rule: Law Decoded, May 8–15

Last week was harsh for the United States Securities Exchange Commission (SEC), with industry figures and officials publicly criticizing the regulator.

15.05 / 10:01

regulation SEC coinbase Exchange BitStamp regulatory US Crypto Firms Migrate to Bermuda Amid Regulatory Concerns

Crypto companies are increasingly turning away from the US in search of clear digital asset regulations, and some of the major companies are finding a home in Bermuda. Still, some experts warn that this may be a short-term solution as the issues in the land of the free are not getting fixed.

14.05 / 05:39

Law Mining regulation Report Court Bitcoin BTC miner Rhodium faces lawsuit over an alleged $26M in unpaid fees: Report

Crypto mining firm Riot Platforms – formerly Riot Blockchain – has taken legal action against Texas-based Bitcoin (BTC) miner, Rhodium Enterprises, in an effort to recover “more than $26 million” in alleged unpaid mining facility fees.

12.05 / 11:11

Blockchain Law regulation rights Texas votes to add crypto to state’s bill of rights

Texas legislators have voted by a large margin to amend the state's Bill of Rights and add a provision recognizing the right of individuals to possess, retain and utilize digital currencies. The decision was made on Wednesday, May 10.

11.05 / 15:49

CBDC Digital Currency legislation lawmakers rights Texas Lawmakers Vote To Cement Digital Currencies in Lone State’s Bill of Rights

Texas lawmakers voted almost unanimously to change the state’s bill of rights to include the right of its residents to own, hold and use digital currency.

09.05 / 05:13

business Blockchain Court Celsius Bitcoin ‘Unjustly enriched:’ Core Scientific knocks back $4.7M claim from Celsius

Bankrupt Bitcoin (BTC) mining firm Core Scientific has objected to paying a $4.7 million administrative claim put forward by crypto lender Celsius Network, leading to a battle between the firms over contractual obligations.

04.05 / 21:45

Law Mining regulation Montana governor signs pro-cryptocurrency mining bill into law

Greg Gianforte, the Governor of Montana, has signed into law a bill largely preventing local governments in the state from passing laws prohibiting cryptocurrency mining.

04.05 / 18:13

Target Citizens Platform Action Strategy ICO elon AI tokens State Regulators Target Fraudulent Cryptos Posing as 'Elon Musk AI Tokens' and 'TruthGPT Coin' – Here's What Happened

The influx of new crypto projects in the market, seeking to leverage the growing interest in artificial intelligence, has attracted US regulators.

04.05 / 13:59

Blockchain Ethereum Google MasterCard Consensus businesses regulatory Consensus 2023: Businesses show interest in Web3, despite US regulatory challenges

Consensus, the annual crypto and blockchain conference, attracted over 15,000 attendees, 220 sponsors and 410 speakers to its 2023 edition in Austin, Texas, despite recent regulatory struggles around cryptocurrency adoption in the United States.

04.05 / 12:51

Blockchain Remark Blockstream Bitcoin Blockstream Infrastructure Firm Foresees Rapid Growth in Bitcoin's Layer 2 Technologies

An engineer at the Bitcoin-focused development firm Blockstream has said she sees a “Cambrian explosion” coming for the development of layer 2 technologies on the Bitcoin network.

03.05 / 21:13

business Blockchain Technology Investments Fraud elon AI tokens State regulators crack down on fraudulent cryptos promoted as 'Elon Musk AI Tokens' and 'TruthGPT Coin'

The Texas State Securities Board, including several state regulators, have come together to issue cease-and-desist orders against Horatiu Charlie Caragaceanu and his organizations, The Shark of Wall Street and Hedge4.ai, for promoting two cryptocurrencies named TruthGPT Coin and Elon Musk AI Token. The orders seek to clamp down on what they claim is a fraudulent securities scheme attempting to capitalize on the growing buzz around artificial intelligence (AI).

02.05 / 15:11

Government regulation policies NOT British MP Lisa Cameron is 'not invested personally' in crypto but advocates for regulation

Lisa Cameron, a Member of Parliament in the United Kingdom since 2015, may not have used the Bitcoin Lightning Network in her time as a lawmaker, but spends a lot of her time in office focused on digital assets.

01.05 / 21:29

NFT Research Machine Learning ChatGPT Scientists in Texas developed a GPT-like AI system that reads minds

Researchers at the University of Texas at Austin have developed an artificial intelligence (AI) system capable of interpreting and reconstructing human thoughts.

01.05 / 18:53

regulation SEC Bittrex On the shutdown of Bittrex in the US and SEC actions — Bittrex Global CEO at Consensus 2023

Oliver Linch, chief executive officer of cryptocurrency exchange Bittrex Global, has pushed back against the United States Securities and Exchange Commission (SEC), claiming the company never had a clear opportunity to discuss a potential enforcement action.

30.04 / 14:49

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

It now costs Bitcoin (BTC) miners at least $17,000 to produce one BTC in the U.S. versus the $5,000-10,000 range a year ago, according to Bitcoin mining data resource Hashrate Index and Luxor.

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