State Texas Financial News

06.08 / 01:55

business Energy Consumption Texas Power Bitcoin production Core Scientific increased Bitcoin production by 10% in July amid Texas power cuts

Crypto mining firm Core Scientific reported its operations produced 1,221 Bitcoin (BTC) in July even as the company powered down several times in response to demand on the Texas power grid.

05.08 / 14:57

business Mining Bitcoin Argo Blockchain keeps cashing out BTC to pay the debt to Galaxy Digital

Cryptocurrency mining firm Argo Blockchain continues to sell its Bitcoin (BTC) holdings to cut its debt to Michael Novogratz’s crypto investment firm Galaxy Digital.

05.08 / 09:41

business Mining Texas Bitcoin Crypto bear market will provide ‘excellent’ M&A opportunities: White Rock CEO

White Rock Management CEO Andy Long believes bear markets "present excellent opportunities” for expansion via mergers and acquisitions in the crypto mining sector.

03.08 / 20:53

business Mining Texas Riot Riot Blockchain's Bitcoin mining productivity dropped 28% YOY amid record Texas heat

Crypto mining firm Riot Blockchain reported it produced fewer Bitcoin (BTC) in July 2022 than that in July 2021 after scaling down operations at its Texas facility.

03.08 / 12:23

European Union Heatwave Shunned at home for 'racist' comments, Orbán seeks solace at US conservative conference

Viktor Orban, the firebrand Hungarian prime minister who is increasingly isolated in the European Union over his "racist" anti-immigration policies, dismantling of rule of law safeguards and opposition to further Russian sanctions, is likely to receive a very warm welcome when he takes the stage at a right-wing annual conservative conference in the US.

02.08 / 23:07

business Mining Crypto miner Digihost plans to move rigs from New York to Alabama

Digihost, a United States-based cryptocurrency mining company, has announced plans to move part of its fleet from New York to Alabama in an effort to lower energy costs.

01.08 / 14:19

cryptocurrency market crypto market Celsius Crypto clients beg for their cash back after lender's crash

Irishman at risk of losing his farm. An American having suicidal thoughts. An 84-year-old widow's lost life savings: People caught in the meltdown of crypto lender Celsius are pleading for their money back.

31.07 / 16:13

Crypto Clients Beg For Their Cash Back After Lender Celsius's Crash

Celsius had billed the platform as a safe place for people to deposit their crypto currencies

27.07 / 01:37

COST Microsoft Stocks making the biggest moves after hours: Alphabet, Texas Instruments, Enphase and more

Check out the companies making headlines in after hours trading.

26.07 / 17:18

education Texas Bitcoin Crypto miners Texas a Bitcoin ‘hot spot’ even as heat waves affect crypto miners

Record-breaking heat waves are being documented across the world as extreme weather is worsening due to climate change. States throughout America are continuing to see temperatures rise above 100 degrees Fahrenheit (38 degrees Celsius), while the United Kingdom recently saw temperatures reach 104 degrees Fahrenheit (40 degrees Celsius).

26.07 / 16:41

BTC BLOCK CryptoQuant Bitcoin Bitcoin traders looking forward to making money can go…

A prominent on-chain metric is suggesting that Bitcoin could yet form a long-term bottom soon. The difficulty of mining a Bitcoin block recently saw the most significant negative decrease since 3 July 2021.

22.07 / 22:07

regulation California California again allows crypto contributions to state, local political campaigns

Candidates for state and local office in California will once again be allowed to accept donations in cryptocurrency, after a ban was lifted by the state Fair Political Practices Commission (FPPC) on July 21. The ban was imposed in 2018.

22.07 / 18:03

Ethereum cryptocurrency coinbase Indian All you need to know about the Indian men charged with crypto's first insider trading case

US authorities have charged on July 21 two Indian brothers and their Indian-American friend in the first global case of cryptocurrency insider trading that enabled them to make $1.5 million in ill-gotten gains.

22.07 / 09:37

business Blockchain Electricity Texas Compass Mining to add 25,000 ASIC miners just weeks after staff cuts

Mere weeks after announcing staff lay-offs and salary cuts, Compass Mining has unveiled expansion plans in the form of a 75 megawatt (MW) hosting partnership with Compute North for its data center in Granbury, Texas.

22.07 / 05:45

cryptocurrency Indian Friend Two Indian brothers, their Indian-American friend charged in first ever cryptocurrency insider trading tipping scheme: Official

Two Indian brothers and their Indian-American friend have been charged in the US in the first ever cryptocurrency insider trading scheme in which they made illicit profits totalling over a million dollars.

20.07 / 11:59

UPS cryptocurrency Bitcoin Power Bitcoin Miners In Texas Back Online After Power Surge Caused Curtailments

Power use in Texas is expected to break records again this week.

19.07 / 08:51

business Mining Mining Pools Marathon Marathon inks new arrangements to achieve 2023 hash rate target

Bitcoin miner Marathon Digital Holdings has secured a deal that it says provides electricity to generate enough power to contribute 23.3 exahashes per second (EH/s) to the Bitcoin network.

16.07 / 00:35

regulation Bitcoin lawmakers Consumption US lawmakers US lawmakers ask about EPA, DOE monitoring of crypto mining emissions, energy consumption

Democratic legislators from both houses of the United States Congress have sent a letter to the Environmental Protection Agency (EPA) and Energy Department (DOE) to inform them of their findings on the energy consumption of cryptocurrency mining and asking the agencies to require mining to report their emissions and energy use. Meanwhile, the Paraguayan Senate, the upper house of that country’s legislature, has passed a comprehensive bill to regulate cryptocurrency and allow miners to use excess electricity generated in the country.

15.07 / 12:39

Reuters Digital Platform Southern network $1.19B Deficit Hole Listed on Balance Sheet: Celsius Network

A $1.19 billion deficit was listed on Celsius Network's balance sheet in a court filing on Thursday.

15.07 / 01:13

business Mining Buy CleanSpark scoops up 1K+ mining rigs at 'substantially discounted price'

Crypto mining firm CleanSpark announced the purchase of more than 1,000 Bitcoin miners amid the market downturn, reporting a “substantially discounted price” compared to that earlier in 2022.

14.07 / 10:17

cryptocurrency Southern network Crypto Lender Celsius Network Files For Bankruptcy

Celsius froze withdrawals and transfers last month.

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