State Texas Financial News
15.02 / 20:21
CME
boost
Booming Oil Exports Boost U.S. Role as Global Price Maker
The world’s oil traders are increasingly adopting an old slogan as they track crude prices and try to shield themselves from volatility: Don’t mess with Texas.
15.02 / 15:43
Government
Adoption
Bitcoin
open
El Salvador to open a ‘Bitcoin Embassy’ in the United States
The world’s biggest cryptocurrency, Bitcoin (BTC), is connecting more countries as the government of El Salvador is opening a “Bitcoin Embassy” in the United States.
15.02 / 01:51
Blockchain
BTC
Platform
RIG
ICE
Bitcoin
Riot
Riot Blockchain's Texas Mining Operations Disrupted by Winter Storms
The cryptocurrency mining company Riot Platforms, previously known as Riot Blockchain, has announced that 17,040 rigs that were installed at its facilities in Texas have been rendered inoperable as a result of the «extreme winter weather» that has been experienced in Texas.
14.02 / 04:49
business
Mining
Bitcoin
Hashrate
BTC Miners
Iris Energy to nearly triple hashrate with estimated 44,000 new BTC miners
Australia-based Bitcoin (BTC) mining company, Iris Energy, revealed it will nearly triple its mining capacity with the addition of thousands of mining rigs.
14.02 / 03:27
BitStamp
‘I’m far too old to be called a crypto bro’: An Audience With ex-Bitstamp boss Julian Sawyer
While crypto was burning in May 2022, Julian Sawyer was speeding down Route 66 in Texas in an open-top Ford Mustang.
13.02 / 18:25
12.02 / 19:37
Mining
Hash Rate
Bitcoin
Bitcoin production
Public miners increased Bitcoin production, hash rate in January
The first production update of 2023 from publicly listed Bitcoin (BTC) mining companies shows a steady increase in hash rate and a surge in BTC production compared to the previous month, according to a new analysis from Hashrate Index.
09.02 / 08:03
business
Mining
Bitcoin
Hut 8 merger would've happened even without FTX or crypto turmoil, says CEO
Crypto exchange FTX’s collapse and overall crypto market turmoil were not key factors in the decision to merge crypto mining firm Hut 8 with US Bitcoin Corp., according to Hut 8 CEO Jamie Leverton.
08.02 / 18:51
Government
Law
Adoption
regulation
Drugs
us government
Congress
Crypto and psychedelics: Clarifying regulations could help industries grow
This year, investors are watching for big spikes in biotech companies working with psychedelics, especially as the once-controversial compounds return to the spotlight touting mental health benefits — and uniting lawmakers at the United States Capitol across party lines.
07.02 / 19:31
business
Mining
Crypto mining firms Hut 8 and US Bitcoin plan merger
Canada-based cryptocurrency mining company Hut 8 Mining has announced plans to merge with U.S. Bitcoin to form Hut 8 Corp, or "New Hut".
07.02 / 01:11
business
Mining
Environment
reports
Riot
Riot reports 17K miners offline due to Texas weather
Crypto mining firm Riot Platforms — formerly Riot Blockchain — reported that 17,040 rigs deployed at its operations in Texas were offline due to “severe winter weather” in the state.
03.02 / 15:35
business
Mining
regulation
ASIC
Bankruptcy
Core Scientific to hand over 27K rigs to pay $38M debt
Crypto mining firm Core Scientific made a deal with the New York Digital Investment Group (NYDIG) to pay off an outstanding debt of $38.6 million by handing over more than 27,000 mining machines used as collateral.
03.02 / 06:11
business
Law
regulation
Court
class action
Logan Paul and CryptoZoo sued in class action lawsuit
CryptoZoo and Logan Paul have been named as defendants in a newly filed class-action lawsuit, which alleges they stole millions of dollars worth of purchaser's cryptocurrency via a "fraudulent venture."
01.02 / 01:51
business
Bankruptcy
Court permits Core Scientific to borrow $70M to replace existing loan
Core Scientific has received permission from the bankruptcy court for the Southern District of Texas to take out a loan of up to $70 million from investment bank B. Riley, one of the company’s biggest creditors. The loan would be used to pay off the bankrupt Bitcoin miner’s existing debtor-in-possession (DIP) financing loan, which also came from B. Riley.
27.01 / 04:11
27.01 / 02:47
markets
Binance
Federal Reserve
Central Bank
Interest rates
Bitcoin
Dollar
Data shows pro Bitcoin traders want to feel bullish, but the rally to $23K wasn’t enough
Bitcoin (BTC) price had a mixed reaction on Jan. 25 after the United States reported a 2.9% gross domestic product growth in the fourth quarter, slightly better than expected. Still, the sum of all goods and services commercialized between October and December grew less than 3.2% from the previous quarter.
23.01 / 15:25
UPS
Fighting
Returns
Debt Ceiling Looms Over Capitol as Congress Returns to Work
WASHINGTON—A deeply divided Congress will return to work this week, pushing ahead with partisan priorities in the Senate and House while also gearing up for a fight over how lawmakers will address raising the debt ceiling before a potential default later this year.
15.01 / 11:57
UPS
Ethereum
ETH
Bitcoin
Ethereum prices
Bitcoin and Ethereum Prices Soar 20% - How High Can The Cryptocurrency Markets Go?
Bitcoin and Ethereum prices have been on a wild ride lately, shooting up 20% in the last week alone. This surge has sparked speculation about how high the cryptocurrency markets can go.
15.01 / 04:53
Blockchain
education
Bitcoin
Colleges
One of the largest US colleges has begun teaching students about Bitcoin
Classroom adoption of Bitcoin and cryptocurrency courses continue to skyrocket, with Texas A&M now being the latest U.S. College to offer a Bitcoin course to some of its 74,000+ students.
14.01 / 20:33
business
Mining
regulation
New York State
New York sued by environmental group after approval of crypto mining facility: Report
The New York Public Service Commission (PSC) was sued by environmental activists on Jan. 13 for approving the takeover of a cryptocurrency mining facility in the state.
13.01 / 21:17
business
Mining
Bankruptcy
Celsius' mining arm announces $1.3M sale of equipment
The mining arm of crypto lender Celsius Network has issued a notice for the sale of $1.3 million worth of mining equipment as part of its bankruptcy case.
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