Arizona primary involving crypto Super PACs $1.3M is a squeaker
The primary between two Democrats in Arizonas 3rd Congressional District will likely go to a recount, with money from crypto interests involved in the race.
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The primary between two Democrats in Arizonas 3rd Congressional District will likely go to a recount, with money from crypto interests involved in the race.
Democratic candidate Yassamin Ansari, supported by more than $1 million in crypto super PAC funds, claimed victory in an Arizona congressional primary.
Defend American Jobs used roughly $600,000 in a media buy for Republican Blake Masters, just one of three Arizona candidates crypto PACs supported in 2024.
Protect Progress used roughly $415,000 to fund a media buy for former Aspiration CEO Andrei Cherny, a Democrat running for Congress in Arizonas 1st District.
The Protect Progress political action committee has been behind media buys for candidates in many congressional races across the United States.
Arizona Governor Katie Hobbs signed House Bill 2749 into law on Wednesday, introducing provisions to allow the state to establish a digital assets stockpile, making it the second state in the United States to create such a framework. The move has been widely celebrated within the cryptoverse. Second state in two weeks. Not a fickle […]
Arizonas crypto reserve law is shaking up the marketlearn why Qubetics, Filecoin, and Cardano are being recognized as the most potential crypto picks to watch in 2025.
The post Qubetics, Filecoin, and Cardano Named Among the Most Potential Crypto Projects in 2025 appeared first on Kanalcoin.
Bitcoin has made a dramatic return to six-figure territory and reclaimed its $100k milestone for the first time since January 2025. On 8 May 2025, BTC surged 4.2% from an intraday low of $95,967. As optimism returns to the crypto landscape, Bitcoins recent push towards $100k can be credited to bullish macroeconomic signals, including a
The post Bitcoin Breaches $100K As US-UK Sign Trade Deal And Arizona Approves Crypto Reserve Law appeared first on BTC Ethereum Crypto Currency Blog.
Arizona Governor Katie Hobbs has decided to veto a bill that would have allowed state residents to pay their taxes using Bitcoin. This decision has sparked mixed reactions among Bitcoin enthusiasts. The bill, known as Senate Bill 8, was aimed at expanding the use of cryptocurrency in the state of Arizona. However, Governor Hobbs cited [...]
North Carolina moves forward with digital asset investments as Trump pushes federal Bitcoin reserves.
Arizona Governor Katie Hobbs vetoed two cryptocurrency-related bills this week, citing high risk and instability in the sector. The rejected bills aimed to integrate crypto assets more deeply into Arizonas public finance system. However, the Governor emphasized the need to protect Arizonas general fund from unpredictable crypto markets. Arizona Governor Blocks Crypto Reserve Fund Arizona […]
The bill has passed the Senate and is now being reviewed by the House.
The Arizona Strategic Reserve bills are advancing to a full floor vote in the House after passing through the necessary committees. These bills aim to establish a reserve fund that will help the state respond to emergencies like natural disasters or economic downturns. One of the key provisions of the bills is the creation of [...]
The post Arizona’s Crypto Reserve Legislation Gains Momentum Toward Full Floor Vote appeared first on Crypto Breaking News.
If passed into law it will give Bitcoin the same status as the U.S. dollar in the State of Arizona What – State Senator [...]
Arizona state senator Wendy Rogers also supported a tax-exempt crypto bill. (Read More)
A bill introduced by Sen. Wendy Rogers reflects growing interest in bitcoin from U.S. states.
Should the bill pass the legislature, Arizona voters could choose whether virtual currency is tax exempt as part of a November 2024 ballot measure.
Intel is not done yet. The company’s plan to become a big player in the semiconductor business is even more ambitious than we thought. Today’s news arrives via the WSJ, “Intel Corp. has struck an unusual $30 billion funding partnership with Brookfield Asset Management Inc.” Both companies will finance and build a new factory in Chandler, Arizona. Apparently, this is the first of many similar deals for Intel. The company wants to build chip manufacturing capabilities fast and it’s using co-investment as a way to raise money outside of the traditional banking system. For its part, Brookfield is a Canadian asset-management firm that has “more than $750 billion in assets under management.” If this goes well, these new pools of capital will allow Intel to build factories in other places. In this case, Intel will fund 51% of the new facility and thus have “a controlling stake in the financing vehicle that would own the new factories.” Brookfield will finance and own the rest, and both companies “will split the revenue that comes out of the factories.” The deal would be “the first of what could be a series of such arrangements Intel pursues to underpin Chief Executive Pat Gelsinger’s push to make the company a leading contract chip maker and regain its manufacturing advantage over competitors in Taiwan and South Korea.” What Does Intel ’s Chip Business Have To Do With Bitcoin? These chips are a crucial part of the Blockscale ASICs, Intel’s “energy efficient” bitcoin miners. In fact, before Intel, all Bitcoin miners were practically dependent on the Taiwan and South Korea factories. When the Blockscale shipped, we quoted Raja Koduri, Intel’s Architecture, Graphics and Software (IAGS) division’s senior vice president: “Intel AXG Custom Compute team is now shipping the Blockscale ASIC! First product will always be unforgettable, congratulations team. Excited to see how Argo, Griid and Hive improvise around Blockscale and our open design.” Before that, we quoted Intel ‘s CEO Pat Gelsinger overselling it a bit: “Intel is about to bring forward a blockchain chip that’s dramatically better. That is orders of magnitude better in terms of power performance. So, we’re helping solve the climate issue.” We even quoted President Joe Biden poetically describing Intel ’s other chip factory: “If you travel 20 miles east of Columbus, Ohio, you’ll find 1,000 empty acres of land. It won’t look like much, but if you stop and look closely, you’ll see a ‘field of dreams,’ the ground on which America’s future will be built.” BTC price chart for 08/24/2022 on Bitstamp | Source: BTC/USD on TradingView.com There’s No Business Like The Chip Business Back to the WSJ report, the numbers that Intel ‘s CEO is expecting for all of this hassle are astronomical: “Mr. Geslinger and other industry officials have said they expect annual semiconductor sales to roughly double by the end of the decade—topping $1 trillion—even if short-term demand softness is weighing on chip-industry earnings.” They are betting big, “Intel also has said it could spend as much as $100 billion each on new plant complexes in Ohio and Germany.” And they’re not the only ones, Taiwan and South Korea are also doubling down on semiconductors, and even The European Union is trying to get in on the action. In Intel ´s case, the already mentioned President Biden might have something to do with all of these investments: “In the U.S., whose share of the chip market has fallen to about 12%, according to Boston Consulting Group, President Biden this month signed legislation allocating more than $50 billion for domestic chip manufacturing and research. Intel and other chip manufacturers lobbied heavily for the bill. The European Union is considering incentives to double its share of global chip-making to 20% by 2030.” Is this good for bitcoin, though? Everything is good for bitcoin. Having more chip options for the new generation of bitcoin miners that’s coming down the pipeline is even more so. Featured Image by Kevin Woblick on Unsplash | Charts by TradingView
Arizona tea makers decided to step into the unsettled cryptocurrency ecosystem and bring some true liquidity by backing a new stablecoin with a can of $0.99 iced tea.
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