Texas
Core Scientific Bankruptcy Judge Approves Transfer of Over $20M of Equipment to Its Exclusive Energy Negotiator
Core Scientific had stopped paying Priority Power Management in May 2022.
Texas Regulators Say $1B Voyager-Binance Deal Benefits Halved if Alameda Loan Claim Succeeds
The benefits to creditors from Binance US' $1.02 billion offer to buy up bankrupt crypto lender Voyager hinge on a $445 million loan claim by Alameda Research, making the deal potentially not worth bothering with, Texas regulators said in a Friday court filing. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest details and an update on global crypto rules.
Bitcoin Mining Consulting Firm Sabre56 Raises $35M to Build 150MW of Hosting Sites
The company is moving into the hosting business and says it already has a "waiting list" of clients.
Asobitcoin President on El Salvador’s Bitcoin Experiment
El Salvador’s bitcoin experiment continues as President Nayib Bukele paid off the country's $800 million maturing bond issue in late January. Will Hernandez, president of the Bitcoin Association of El Salvador, discusses the current state of bitcoin adoption in the country and the key initiatives at Asobitcoin. Plus, his take on El Salvador's plans to build a Bitcoin Embassy in Texas and his reaction to IMF calling for greater transparency.
El Salvador Considers Opening 'Bitcoin Embassy' in Texas
El Salvador is in discussions to open a "bitcoin embassy" in Texas, El Salvador's Ambassador to the U.S., Milena Mayorga, said on Tuesday. "The Hash" panel discusses the latest in El Salvador's stumbling bitcoin experiment and the possible outcomes.
El Salvador Plans to Open 'Bitcoin Embassy' in Texas
The Central American country wishes to open a bitcoin embassy in "new ally" Texas, Mayorga said on Twitter, to aid "expansion of commercial and economic exchange projects."
Core Scientific to Hand Crypto Mining Rigs to NYDIG to Extinguish $38.6M in Debt
NYDIG had previously said it would object to a $70 million lifeline loan for Core if its own deal wasn't finalized.
Crypto Custodian Prime Trust to Cease Operations in Texas at End of January
The firm withdrew its Texas Money Transmitter License application but says it intends to reapply "swiftly."
Argo Blockchain's Bitcoin Mining Margin Widens Most in at Least a Year
December production fell 26% as Argo powered off during a Texas storm.
Bitcoin Miners Powered Off as Winter Storm Battered North America
Computing power on the Bitcoin network dropped about 40% over the weekend.
