A new bill is making its way to the Texas House of Representatives that might make it hard for crypto mining companies within the state to gain access to the funds and resources they need to stay afloat and function properly. Texas Crypto Bill Is the Wrong Move The bill, for one thing, would ensure that power costs for the largest crypto miner in the state will increase by as much as $30 million each year. Also, miners would only be able to provide a limited...
Read More »Vivek Ramaswamy Is Making Crypto a Big Part of His White House Campaign
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Crypto is likely to be a big topic in next year’s presidential election, and republican candidate Vivek Ramaswamy is proof of this. Vivek Ramaswamy is Making Crypto Part of His Presidential Policy In a recent interview, Ramaswamy commented that he’s not only accepting bitcoin donations to his campaign, but he’s...
Read More »Kevin O’Leary: The U.S. Needs to Change Its Attitude on Crypto Regulation
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Kevin O’Leary of “Shark Tank” fame is worried about how the U.S. government is dealing with crypto regulation. He says the federal government is less concerned about policy and more concerned with taking fast action, and this is coming back to hurt innovation. Kevin O’Leary: All the U.S. Needs is Policy Right...
Read More »Buncombe County in North Carolina Shuts Down Crypto Mining for One Year
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Buncombe County commissioners in North Carolina are taking a page out of New York’s crypto playbook and are enforcing a one-year moratorium on all crypto mining operations so they can explore regulations and laws. North Carolina County Halts Crypto Mining Planning director Nate Pennington said in an interview:...
Read More »Biden Wants to Tax Crypto Mining Companies at 30%
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Biden and his fellow group of nation haters are once again setting their sights on cryptocurrency. Biden is asking Congress to pass a new 30 percent tax on all crypto mining operations. Biden is Again Attacking Crypto The goal is to allegedly prevent climate change and stop the crypto mining arena from having a...
Read More »Report: Texas Is Suffering from too Much BTC Mining
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Is bitcoin mining running the state of Texas into the ground? Texas Could Wind Up on the Wrong Side Texas declared itself open for bitcoin mining about two years ago. During that time, the nation of China said the practice would be declared illegal, meaning those taking part in crypto mining within its borders...
Read More »New York Town of Brasher Implements Crypto Moratorium
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Right when we thought New York was going to become a more crypto-friendly state, the region of Brasher announced it is implementing a six-month cryptocurrency moratorium on all digital currency mining and related activities. Brasher Ain’t Too Keen on Crypto Mining The moratorium is set to go into effect on...
Read More »New York to Allow Crypto Mining Firm Block Fusion to Set Up Shop
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The Niagara Falls Planning Board in New York is permitting a crypto mining facility known as Block Fusion to move forward with its blockchain and crypto extraction plans following a long legal battle. The company recently applied to set up quarters in the Empire State, and those on the planning board heard no...
Read More »Texas Paid Crypto Mining Firm a Lot of Money to Shut Its Machines Off
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up In early 2021, the state of Texas paid a bitcoin mining company called Bit Deer approximately $175,000 per hour. Texas Doled Out Cash for No Work For what purpose, you ask? Well, it wasn’t because the Lone Star State wanted to gain access to mined BTC units. It wasn’t to create jobs, and it wasn’t to help build...
Read More »Buncombe County Considers Crypto Mining Moratorium
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Buncombe County in North Carolina doesn’t like the fact that so many crypto miners have set up operations within its borders. Officials of the region are now considering taking a page out of New York’s books and establishing a temporary moratorium on crypto mining facilities. Buncombe County Doesn’t Think Much...
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