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Market Wrap: Oil in Turmoil, Bitcoin Gains Slightly to $6.9K
21.4.2020
While oil futures continue to collapse, bitcoin holds steady, even making gains as the U.S. market closes lower
Texas Cloud Mining Firm Shut Down After Fake Charity Pitch
10.4.2020
Ultra Mining is accused of running a ‘recession special’ and touting a fraudulent $100,000 donation to coronavirus relief efforts
Texas Regulator Spots Crypto Firm at Fraudulent COVID-19 Charity Claims
8.4.2020
The Texas State Securities Board issues an emergency action against an alleged crypto mining scam making fraudulent COVID-19 charity claims
US State Regulators Order ‘Fraudulent’ Crypto Mining Scheme to Shut Down
8.4.2020
The Texas State Securities Board and Alabama Securities Commission filed an emergency action against Ultra Mining, alleging it offered unregistered securities by promising to double investments in a cloud mining scheme
Texas Regulator Warns of New Crypto Frauds Amid Coronavirus Outbreak
24.3.2020
Texas state watchdog issued a warning of the boost in crypto scams amid Coronavirus-related fake news
Analyst Claims 98% of Mining Rigs Fail to Verify Transactions
1.3.2020
Digiconomist’s founder has claimed the power expended in a single BTC transaction could power a British household for two months
Peter Thiel-Backed Startup Says Texas Is the Best Place to Mine Bitcoin
29.2.2020
Layer1 is not the only mining company to launch flagship facilities in Texas, with Bitmain and Northern Bitcoin vying for their Texas-based operations to be the largest worldwide
Oil Prices Are Now More Volatile Than Bitcoin
20.2.2020
For skeptics and traditional market investors, bitcoin is synonymous with extreme bouts of price volatility. However, in recent times, oil has become a relatively risky asset
Texas Securities Board Added Cryptocurrencies to List of Top Threats to Investors
14.1.2020
Texas State Securities Board has added cryptocurrency to the list of investments that raise red flags and require careful scrutiny
Japanese Firms SBI and GMO Join the Digital Gold Rush in Texas
8.1.2020
The city of Rockdale, Texas is attracting attention again, similar to the interest the region saw back in the fifties when the Alcoa aluminum smelting facility set up shop. These days, Rockdale’s change is due to the influx of bitcoin miners coming to town from all around the world....
SBI, GMO to Rent Capacity at Massive Bitcoin Mine in Texas: Report
7.1.2020
Potentially the world's biggest bitcoin mine, one still under construction, is said to have signed up two top corporate customers in the form of SBI Holdings and GMO
Hackers Failed to Execute $400K Worth Bitcoin Scam in Texas
14.12.2019
A Texas-based couple was subjected to an unfavorable incident of extortion from a malicious hacker who demanded a whopping amount of $400k in Bitcoin holdings after sabotaging their Amazon Ring doorbell. Tania Amador, the 28-year-old woman who became the target of the hacker, used her intelligence...
Ride ‘Em, Cowboy: Bitmain’s Marketing Gambit Ups Its Texas-Sized Position on Bitcoin
12.12.2019
Bitmain's new strategy of giving put options on bitcoin to buyers of its miners amounts to a "Texas hedge": doubling down on risk, not offsetting it
Texas-Based Data Center CyrusOne Hit by Ransomware Attack
5.12.2019
One of the largest data centers in the U.S., CyrusOne, has reportedly been exposed to an attack from the REvil (Sodinokibi) ransomware
New Bill Would Put Facebook’s Libra Stablecoin Under US Securities Law
21.11.2019
American lawmakers have introduced a bill to put Facebook’s Libra under the jurisdiction of the Securities and Exchange Commission
1 Gigawatt Bitcoin Mine Under Construction in Texas Would Dwarf Bitmain’s
20.11.2019
The $150 million bitcoin mine could become the world's largest – surpassing Bitmain's, whose own mega mining operation is in the same Texas town
Mining Giant Bitmain Confidentially Files for U.S.-Based IPO
30.10.2019
According to reports, bitcoin mining manufacturer Bitmain Technologies confidentially filed for a U.S.-based initial public offering (IPO) with the Securities and Exchange Commission. The news follows the alleged removal of cofounder and executive director Micree Zhan and the recent announcement...
Bitmain Aims to Build a 300MW Texas Mining Farm
23.10.2019
The Beijing-based Bitmain Technologies and DMG Blockchain Solutions announced the launch of a 25MW mining facility in Rockdale, Texas. The new mine aims to bolster Bitmain’s international expansion which will soon expand to 50MW of processing power and then extend the operation’s...
Why Bitmain Is Building the World’s Largest Bitcoin Mine in Rural Texas
22.10.2019
Bitmain's new bitcoin mine exploits cheap electricity in Texas, the nation's biggest power market. Locals are happy for the new jobs
Bitmain Launches ‘World’s Largest’ Crypto Mining Facility in Texas
21.10.2019
Major crypto mining hardware manufacturer Bitmain has launched the purportedly largest facility for Bitcoin mining in the world, in Rockdale, Texas