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G7 discusses crypto, supports CBDC — Law Decoded, May 15–22
22.5.2023
The European Council has approved updated rules that extend tax reporting requirements to include transfers of crypto assets
Ron Paul Denounces US Government ‘Deceptions’ on Inflation; Mentions Federal Reserve Involvement
22.5.2023
Ron Paul, a former congressman from Texas and former U.S. presidential candidate, has reflected on how the U.S. government is handling inflation and how it has been deceitful on the issue. Paul believes that if the U.S. government were to really point to the root of the inflation problem, it would...
Texas Lawmakers Pass Proof-of-Reserves Cryptocurrency Bill
19.5.2023
The Texas legislature passed a bill this week requiring cryptocurrency exchanges to provide a “proof of reserves,” the latest move by the lone star state.
HB-1666, co-sponsored by state Republicans Rep. Giovanni Capriglione and Sen. Tan Parker, applies to digital asset service providers that...
Texas proof-of-reserve bill passes through the Senate
19.5.2023
The legislation would oblige exchanges to maintain reserves “in an amount sufficient to fulfill all obligations to customers.”
US Bitcoin Corp Secures Hosting Agreements for 150,000 Bitcoin Miners
18.5.2023
On Thursday, the bitcoin mining company U.S. Bitcoin Corp revealed the firm has successfully secured hosting agreements with five different companies to install 150,000 application-specific integrated circuit (ASIC) bitcoin miners. The bitcoin mining machines will be hosted in data centers situated...
Entire Class Of College Students Almost Failed Over False AI Accusations
18.5.2023
A class of seniors at a Texas university almost had their diplomas rejected and graduation rescinded, all because a professor reportedly used ChatGPT to falsely determine that the students’ final essays were written by artificial intelligence. Read more
U.S. Bitcoin Corp to Host 150K Crypto Mining Rigs
18.5.2023
The contracts are the latest in a series of moves indicating the mining industry is getting back on its feet
Bitcoin Miner Cormint Raises $30M Series A to Build Texas Data Center
16.5.2023
Executives of Nasdaq-listed semiconductor firm Silicon Laboratories participated in the round
SEC under fire for its custody rule: Law Decoded, May 8–15
15.5.2023
Last week was harsh for the United States Securities Exchange Commission, with industry figures and officials publicly criticizing the regulator
BTC miner Rhodium faces lawsuit over an alleged $26M in unpaid fees: Report
14.5.2023
Crypto mining firm Riot Platforms seeks to terminate “certain hosting agreements” with Rhodium and requests exemption from any owed power credits to the counterparty
Bitcoin Miner Riot Sues Peer Rhodium Enterprises for Alleged $26M in Unpaid Fees
12.5.2023
Participation in demand response programs in Texas are at the core of a disagreement between the two mining firms
Texas votes to add crypto into state’s bill of rights
12.5.2023
Texas lawmakers vote to add digital currency to the state's Bill of Rights, granting individuals the right to use digital currencies like Bitcoin for trading
Interview: New Texas Chain Saw Massacre Game Could Redefine Asymmetrical Horror
11.5.2023
Tobe Hooper’s 1974 stomach-roiling film The Texas Chain Saw Massacre is a slasher masterpiece with unparalleled garish beauty. None of its prosaic sequels have quite managed to replicate its magnetic horror: Scorching viewers with an orange sun and tossing them into the orange smoker, where...
Texas Lawmakers Vote To Cement Digital Currencies in Lone State’s Bill of Rights
11.5.2023
Texas lawmakers voted almost unanimously to change the state’s bill of rights to include the right of its residents to own, hold and use digital currency.
The joint resolution was passed through a 139-2 vote on Wednesday....
Read More: Texas Lawmakers Vote To Cement Digital Currencies in Lone...
Texas House Advances Gold-Backed Digital Currency Bill
6.5.2023
Texas has taken its first steps in order to approve a bill that would issue a 100% gold-backed digital currency. If enacted as law, the bill, which is being discussed by a Texas House committee, would create an electronic system for users to transact and pay with this digital currency and would...
Supposed AI-Based Crypto Token Using Musk's Image Targeted by Texas Securities Board
4.5.2023
Five U.S. states are ordering TruthGPT Coin promoters to stop using images of Elon Musk, CZ and Vitalik Buterin to promote what they describe as an investment scam
Scientists in Texas developed a GPT-like AI system that reads minds
1.5.2023
A new study demonstrates how the tech underlining ChatGPT can decode brain scans; recent AI progress indicates this could have implications for blockchain and Web3
Mineflation: Cost to mine one Bitcoin in the US rises from $5K to $17K in 2023
30.4.2023
New Mexico is the cheapest US state to mine Bitcoin in terms of average electricity cost, while Hawaii is the by far the most expensive
Out of Compute North’s Bankruptcy Rises 300MW Bitcoin Miner With Novel Energy Offering
26.4.2023
Born out of the ashes of the Compute North bankruptcy, the new venture aims to give clients control over their energy strategy
Bitcoin advocates rally at Texas State Capitol to oppose bill cutting mining incentives
25.4.2023
“When you target one industry the way they are with this bill, that’s bad policy no matter what the industry you’re targeting,” said Satoshi Action Fund CEO Dennis Porter