State Texas Financial News

09.04 / 09:53

Dogecoin Dogecoin price elon Elon Musk's drone show sparks 8% rally in Dogecoin

Elon Musk has once again sparked a rally in Dogecoin, the largest meme token in cryptoverse. It is the second time in the ongoing week when Dogecoin has been flying high, thanks to the mercurial technocrat. While hosting 'The Cyber Rodeo' party in Texas, Musk unabashedly used drones to project Doge. Following the presentation from Elon Musk, the prices of crypto tokens rallied more than 8 per cent to $0.1527 from $0.1418 in the last 24 hours, data from Coinmarketcap suggests.

08.04 / 19:17

business Blockchain Tesla Bitcoin Solar Blockstream and Block Inc to build solar Bitcoin mining facility powered by Tesla technology

On Friday, cryptocurrency storage company Blockstream and Block Inc. (formerly Square) announced the construction of a solar-powered Bitcoin (BTC) mining facility in Texas. As told by Blockstream, the mining site will be outfitted with 3.8 megawatts (MW) of electrical capacity using Tesla's Solar photovoltaic cell array and a 12 an MWh Megapack.

06.04 / 00:33

Twitter Adoption Energy Bitcoin Twitter debates the role of renewable energy in Bitcoin mining

It all started with a tweet by Dennis Porter, podcast host and self-described Bitcoin advocate, that led to a heady discussion about renewable energy and the role of Bitcoin miners. Porter asserted that Bitcoin (BTC) creates incentives to build out renewables, but environmental scientist Peter Gleick rebuffed the statement as a "self-serving lie."

04.04 / 12:37

Twitter NASDAQ Tesla Tesla's Token Rises Despite Shanghai Factory Shutdown

Regardless of Tesla's Shanghai factory shutdown recently, investors believe the automaker will survive the disruptions as its crypto-token trading suggests a rise in its shares, Bloomberg reported.

01.04 / 21:45

business Adoption Bitcoin Riot Bitcoin Miner Bitcoin miner Riot Blockchain files prospectus for $500M stock sale

In a document filed with the United States Securities and Exchange Commission (SEC) on Thursday, Bitcoin (BTC) mining company Riot Blockchain announced that it would be selling up to $500 million worth of common stock to finance general corporate expenses, such as working capital, repayment of corporate obligations, capital expenditures and acquisitions, and investing in existing and future projects.

31.03 / 14:25

CBDC regulation Federal Reserve US Senator Suggests Banning Fed From Issuing a Direct-to-Consumer CBDC

US Senator Ted Cruz has introduced companion legislation to a January 2022 bill drafted by Representative Tom Emmer, which prohibits the Federal Reserve (Fed) from issuing a central bank digital currency (CBDC) directly to individuals.

31.03 / 07:59

regulation New York State Texas Blockchain Adoption Washington state passes bill aiming to expand local blockchain adoption

Three years and one veto after it was first proposed, Washington state Governor Jay Inslee has signed a bill into law today that aims to expand the state’s adoption of blockchain technology across various financial and industrial sectors.

31.03 / 00:55

Blockchain Adoption regulation Federal Reserve retail CBDC Ted Cruz introduces companion to Emmer's bill to exclude Fed retail CBDC digital currency issue

Texas Sen. Ted Cruz introduced companion legislation into the U.S. Senate on Wednesday for Minnesota Rep. Tom Emmer’s bill prohibiting the Federal Reserve from issuing central bank digital currency, or CBDC, directly to individuals, Emmer announced. Emmer introduced the House bill Jan. 18. Fellow Republican Cruz’ legislation could potentially speed up passage or rejection of the bill by allowing it to be considered in both chambers of Congress at the same time.

30.03 / 07:13

regulation SEC lending Voyager ordered by New Jersey to 'cease and desist’

The New Jersey Bureau of Securities has issued a cease and desist order against Voyager Digital for selling unregistered securities through its Voyager Earn program.

29.03 / 13:15

business Adoption Environment Bitcoin The Bitcoin shitcoin machine: Mining BTC with biogas

Next time someone tries to poo-poo the renewable credentials of Bitcoin (BTC) mining, remember AmityAge Mining Farm. Founded by Gabriel Kozak and Dušan Matuska, the Bitcoin mining facility uses human and animal waste to generate electricity for mining.

29.03 / 06:31

regulation Tax reduction committee Senate Finance Committee Chair probes “lack of safeguards” in crypto tax incentives

Democratic Senator Ron Wyden is digging into the activities of crypto companies that take advantage of tax breaks provided by the Opportunity Zone program.

29.03 / 04:21

Law Law Decoded: Crypto taxes and taxes on crypto, March 21–28.

It was relatively quiet in the digital asset policy department last week, as regulators and lawmakers in most key jurisdictions retreated to their offices to do the necessary homework. In the U.S., federal agencies got on with the various reports that President Joe Biden’s recent executive orders directed them to produce. Over in the United Kingdom, both the central bank and the Financial Conduct Authority also dropped position papers on crypto-related issues. After thorough deliberation, Thailand’s financial authorities spoke out against using crypto as a means of payment, while rumors of potential legal tender adoption of crypto emerged and died in Honduras.

29.03 / 01:23

NASDAQ DOW Stock futures are flat ahead of consumer confidence data

Stock futures were flat in overnight trading ahead of Tuesday's consumer confidence data and a big week for economic data.

28.03 / 00:35

Government Blockchain Is Austin the next US crypto hub? Officials approve blockchain resolutions

Innovative cities across America are racing to become the next hot spot for cryptocurrency and blockchain adoption. Miami was the first city to adopt its own part of CityCoins last year, allowing it to implement its own cryptocurrency called “MiamiCoin” to be used for civic engagement.

23.03 / 18:39

Citi JPMorgan Chase 500 Wall Street bonuses climb to record $257,500 per worker last year, New York's fiscal chief says

The average bonus paid to securities industry employees in New York climbed 20% to a record $257,500 for last year, according to state comptroller Thomas DiNapoli.

22.03 / 20:17

NFT Sport Crowdfunding NFT-funded racing aims to disrupt sports sponsorships

German GT racer Laura-Marie Geissler, creative agency Amsterdam Berlin and NFT startup Unblocked partnered up to launch the first nonfungible token, or NFT, funded motorsport team. Named after the driver herself, the LMG racing team has decided to forgo external sponsors to fund Geissler’s race season by way of NFT sales. Whether she earns the necessary amount to race or not in the upcoming season will depend solely on her fans.

22.03 / 05:51

Environment Energy Texas Bitcoin Bitcoin mining could be good for US energy independence: Research

Republican Congressman Pete Sessions from Texas has come out with a bold statement about the impact Bitcoin mining will have not just on his state but on the United States as a whole.

22.03 / 01:13

NASDAQ DOW Fighting Stock futures inch higher after Powell says bigger hikes may be needed to fight inflation

Stock futures inched higher in overnight trading after Federal Reserve Chair Jerome Powell said the central bank is open to higher rate hikes to combat rising inflation.

21.03 / 10:17

Facebook cryptocurrency Platform CryptoExplainer NFTs On Instagram? Mark Zuckerberg Says Coming Soon: Report

In the future, you might be able to mint NFTs on instagram

20.03 / 16:45

Blockchain Bitcoin SXSW 2022 showcased immersive NFT experiences, lacking crypto and Bitcoin sessions

South by Southwest — commonly referred to as “South By” or “SXSW” — has returned to Austin, Texas this year to showcase the latest trends in interactive media, music, art, film and technology. While SXSW runs through March 20, 2022, the entertainment and technology festival kicked off its first weekend with a large focus on Web3 and nonfungible tokens (NFTs).

19.03 / 01:15

event NFT community NFT collections brought to life at SXSW: Doodles and FLUF World

Cointelegraph journalists at South by Southwest, or SXSW, in Austin, Texas reported that NFTs were everywhere this year, marking a new phenomenon for what began as a music festival in 1987. Since evolving into a film, tech and general culture gathering, and after a two-year hiatus, SXSW added blockchain programming to the mix with crypto-related panels, blockchain company sponsors and NFT community interactive experiences.

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