Texas
Texas Bitcoin Miners Face Scrutiny; Core Scientific Will Defend its Interests in Celsius Bankruptcy
Grayscale Investments called the SEC's June rejection for a spot bitcoin exchange-traded fund (ETF) "arbitrary, capricious, and discriminatory" in its lawsuit against the regulator. Core Scientific intends to pursue what it feels it is owed by Celsius Mining, the mining affiliate of the troubled crypto lender. Sen. Elizabeth Warren (D-Mass.) and seven other lawmakers are probing Texas' bitcoin mining industry.
US Senator Warren Leads Congressional Group's Probe Into Bitcoin Mining Energy Use in Texas
Seven Democrats from both the Senate and House are asking Texas grid operator ERCOT how bitcoin mining is impacting the state.
Texas Opposes Plan by Celsius to Fund Operations With Stablecoin Sales
Texas state agencies are objecting to a plan by bankrupt crypto lender Celsius Network to sell off its stablecoin holdings to pay for ongoing operations, according to a new court filing. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the details.
Texas Objects to Celsius Plan to Fund Operations With Stablecoin Sales
Celsius had asked for permission to sell millions in stablecoins to fund itself, but Texas is arguing the bankruptcy court should reject the request.
Riot Blockchain Sues Northern Data Over Disclosures Related to Texas Bitcoin Mine Acquisition
This is the second lawsuit related to the giant Texas mine that Riot acquired last year.
Fed’s Waller Sees Another ‘Significant’ Rate Hike This Month; SEC Enforcement Chief: We Can’t Ignore Crypto Law-Breaking
Federal Reserve Governor Christopher Waller said Friday he expects a big interest rate increase later this month. Gurbir Grewal, director of enforcement at the U.S. Securities and Exchange Commission, said his agency can’t look the other way as the crypto industry violates securities laws.
Bitcoin Mining Middleman Compass' Georgia Facilities to Close as Energy Prices Soar
The company is offering to move approximately 5,000 machines to Texas.
Bitcoin Miners' Profitability May Narrow as Mining Difficulty Hits Second-Biggest Increase This Year
Bitcoin miners are stepping up production as the weather cools down, so the network automatically adjusted to increase the difficulty of mining a block.
Bitcoin Mining Difficulty Poised to Spike by Most Since January Amid Colder Weather
Some analysts are starting to see this as start of a new seasonal trend in bitcoin mining
The End of the Texas Bitcoin Mining Gold Rush
The new era for mining in the state might look more like a slog than a boom – but it could also be better for the electric grid.
