While the International Monetary Fund (IMF) ‘warned El Salvador’ against boosting the government’s involvement with Bitcoin (BTC), the Central American country plans to open a second “Bitcoin Embassy” in Texas after establishing its first one in Lugano, Switzerland. According to a Twitter post from Milena Mayorga, El Salvador’s Ambassador to
Bitcoin hashrate which fell on Dec 25th nearly reaching a 39% low in the week started to surge. As per the CoinWarz data, the bitcoin hashrate was 168.85 EH/s on Dec 25th. And two days prior (Dec 23rd) it was 271.4 EH/s. The reason for the fall was stated to
The Texas State Securities Board began investigating FTX’s operations last month to see whether the exchange’s yield-bearing crypto accounts were providing people with unregistered securities. Since the company’s demise on November 11, the board has dramatically broadened its investigation into the consequences of this multibillion-dollar bankruptcy. Promotions of FTX by celebrities
RPT wants to establish a new clause in the Bill of Rights. The clause would permit people to possess any form of money including digital currency. The Republican Party of Texas (RPT) is planning to add a new amendment to the Bill of Rights, that would grant people in Texas
The Texas severance tax is a flat 7.5% of the market value of natural gas. Opponents argue that it encourages oil companies to continue drilling. Taxes on the sale of flared gas used to mine Bitcoins would be eliminated under new legislation proposed by the Texas cryptocurrency sector to lower
Virtual currencies are specifically addressed under the Texas UCC amendment bill. HB 4474 has a significant flaw that Long uncovered. House Bill 4474 was introduced on March 12, 2021, by Texas Representative Tan Parker to better adapt commercial law to blockchain innovation and the regulation of digital assets. Virtual currencies
Many Republicans have already declared their intention to run against him. Governor Greg Abbott signed into law Texas House Bills 1576 and 4474. When China decided to stop bitcoin mining, the ‘Great Mining Migration’ to Austin, Texas, was triggered. Lee Brachter, the President of the Texas Blockchain Council, has overseen
