State Texas Financial News

11.01 / 14:15

business Mining Bitcoin Argo Blockchain mines 25% less Bitcoin due to winter storm at Helios

Publicly-listed Bitcoin (BTC) mining company Argo Blockchain saw a significant drop in mining activity in December due to a winter storm in Texas.

10.01 / 10:19

business Law Mark Cuban to face questioning under oath over promotion of Voyager

Dallas Mavericks owner Mark Cuban is set to be deposed next month as part of a defense against a proposed class-action lawsuit alleging that he promoted a Ponzi scheme” in the form of now-bankrupted crypto lender Voyager Digital.

09.01 / 23:03

business Binance Bankruptcy Voyager tells court Binance acquisition plan is ‘sound business judgment,’ urgently needed

Bankrupt crypto brokerage Voyager Digital filed documents in United States court Jan. 8 in response to objections raised to the Binance US proposal to buy out its debt. Voyager announced it had approved the offer Dec. 19. The Securities and Exchange Commission (SEC), four states, the U.S. Trustee and Alameda Research filed objections to it.

06.01 / 13:41

Adoption Energy Bitcoin 1.5M houses could be powered by the energy Texas miners returned

During the winter storm in Texas in December 2022, Bitcoin (BTC) mining operators returned up to 1,500 megawatts of energy to the distressed local grid. It became possible due to the flexibility of mining operations and the ancillary services, provided by the state authorities.

05.01 / 01:15

Blockchain Ethereum Binance Bitcoin Celebs who got burned endorsing crypto and those that got away with it

Celebrities had a shaky year promoting crypto firms and projects throughout 2022.

30.12 / 00:13

Blockchain Ethereum Digital Bitcoin Bitcoin Price Prediction – How High Can BTC Go in 2023?

Bitcoin price prediction remains bullish after recovering above the $16,450 level. Bitcoin (BTC) and Ethereum (ETH), the two most valuable cryptocurrencies, have failed to break out of their consolidation phase and are now trading at around $16,000 and $1,100, respectively.

28.12 / 23:37

business Binance Binance's Cloud Mining affected by extreme weather conditions in North America

The severe winter storm in North America shut down Binance's cloud mining products between Dec. 24-26, according to an official announcement on Dec. 28. As a result of the power outage, the company announced that users' subscriptions to cloud mining products were extended for three days.

27.12 / 09:21

Ethereum BTC Platform Bitcoin Price and Ethereum Prediction; Winter Lowers Texas BTC Hash-Rate

On December 27, Bitcoin price prediction stays neutral during the Asian session as BTC is maintaining a narrow range of $16,800 to $17000. Similarly, Ethereum has stayed relatively stable at $1,223. The global crypto market cap gained 0.14% to $813.38 billion in the previous day, as major cryptocurrencies traded in the green early on December 27.

26.12 / 10:51

UPS Ethereum Platform Bitcoin Hashrate Bitcoin Price and Ethereum Prediction; BTC Hashrate Recovers

According to on-chain data research, the current state of the Bitcoin market is one of the least volatile in its history. Late in 2018, volatility last plummeted to levels comparable to today. The price of cryptocurrencies fell steadily throughout the year, just like it has done recently.

26.12 / 06:45

business Adoption Bitcoin Shuts Down Hashrate freeze Bitcoin hashrate recovers after big freeze shuts down miners

Bitcoin’s network hashrate has returned to regular levels again, days after freezing temperatures across the United States put a strain on the nation's electricity grid — leading to a temporary drop in hashrate.

24.12 / 11:35

business Mining Loans Public Bitcoin mining companies plagued with $4B of collective debt

The recent bankruptcy filing of Bitcoin (BTC) miner Core Scientific despite a $72M relief offer from creditors raised questions about the overall health of the bitcoin mining community amid a prolonged bear market. Turns out, the public bitcoin miners owe more than $4 billion in liabilities and require an immediate restructuring to get out of the unsustainably high debt levels.

23.12 / 22:07

business VISA FTX Bankruptcy Crypto Biz: Contagion engulfs Bitcoin miners as bear market continues

Never underestimate how quickly things can deteriorate in a sector as volatile as crypto, especially in a bear market. Prices can always go lower in the depts of crypto winter and casualties can multiply overnight. 2022 has been a year of never-ending contagion; with everyone focused on Binance, high-profile Bitcoin (BTC) miners were going bust.

23.12 / 05:53

business Bankruptcy Bitcoin BTC miner Core Scientific gets interim nod for $37.4M bankruptcy loan

A U.S. bankruptcy court has granted Bitcoin (BTC) miner Core Scientific interim approval to access a $37.5 million loan from existing creditors to fund the firm amid its liquidity issues.

22.12 / 13:39

Mining Bankruptcy Core Scientific One of the Largest Bitcoin Mining Firms Just Filed For Bankruptcy – Here’s What it Means for the Crypto Industry

Core Scientific, one of the largest Bitcoin mining companies, has filed for bankruptcy amid plunging cryptocurrency prices and skyrocketing energy prices, becoming the latest victim of the ongoing crypto winter.

22.12 / 08:45

UPS BTC Dash Bitcoin Moon Bitcoin Price Prediction as $25,000,000,000 Trading Volume Comes In – BTC to the Moon?

On December 21, the price of Bitcoin remained relatively stable near $16,750. BTC/USD began trading at $ 16,925 on December 21. It is currently trading at $ 16,857, up 0.19% in the last 24 hours. BTC/USD has ranged from a high of $16,934 to a low of $16,794. Furthermore, its value has fallen by approximately 5.2% in the last week.

22.12 / 05:15

cryptocurrency Bankruptcy Core Scientific files for bankruptcy as crypto winter bites

Core Scientific Inc, one of the biggest publicly traded cryptocurrency mining companies in the United States, said on Wednesday it filed for Chapter 11 bankruptcy protection, the latest in a string of failures to hit the sector.

21.12 / 14:49

cryptocurrency Bankruptcy Crypto miner Core Scientific files for bankruptcy as industry contagion bites

21.12 / 12:47

Law regulation regulatory Alaska adds 'virtual currency' to its regulatory regime

From Jan. 1, 2023, the term “virtual currency” will take its place in the money transmission regulations of Alaska. It will oblige the companies dealing with digital currencies to obtain a money transmission license in the state.

21.12 / 12:27

Bankruptcy Crypto Mining Firm Core Scientific To File For Chapter 11 Bankruptcy: Report

Bitcoin miners have been under severe pressure as their profitability dropped.(File)

21.12 / 11:05

business Bitcoin Bitcoin Miner Bitcoin miner Core Scientific reportedly files for Chapter 11 bankruptcy

Just days after creditors offered to help Core Scientific — a Bitcoin (BTC) mining company — avoid possible bankruptcy, reports emerged confirming the business’ inevitable fate. Core Scientific reportedly filed for Chapter 11 bankruptcy protection in Texas owing to falling revenue and BTC prices.

21.12 / 01:49

regulation Charity Donations Who has returned donations or contributions from FTX amid the firm’s reputational risks?

Before its downfall, crypto exchange FTX and its then-CEO Sam Bankman-Fried had been some of the most prolific spenders in the space, bailing out crypto firms and donating to political campaigns and media outlets. With more than 1 million FTX creditors looking to be made whole, what’s happening with these funds?

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