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CoinShares' research team evaluates major Bitcoin mining facilities in Texas, highlighting innovations and industry growth. (Read More)
The partners at the Texas facility had troubled relations almost from their start in 2020.
While Judge Reed OConnor granted the SEC an extension to respond to Consensys lawsuit, he also approved a timeline for considering the cases merits proposed by the firm.
US mining firms are confounding pre-halving expectations by hodling the BTC they mine.
Digital asset regulation and policy were at the center of discussion for many panels at the crypto event when news of Donald Trumps 34 felony convictions broke.
Other states can join in the settlement, which will see up to $82.1 million returned to customers.
In fact, the hashrate has already started to come down since reaching an all-time high in March. As of June 17, it is lower by 10% to 589 EH/s, according to Hashrate Index data. Since most miners are located in the U.S., particularly in steamy Texas, companies in North America shutting down their operations will [...]
The post Bitcoin Hashrate May Finally Slow as Miners Face Scorching Summer Heatwaves appeared first on Crypto Breaking News.
While there are many challenges for a new stock exchange in the U.S., many observers are optimistic about what it could mean for the crypto industry.
U.S. Bitcoin miners have remained tight-lipped following a recently released Kerrisdale Capital report criticizing the industry.
The Electricity Reliability Council of Texas (ERCOT) is considering integrating Bitcoin miners as Controllable Load Resources (CLRs) to enhance grid stability. During a Texas Senate Business & Commerce Committee hearing, ERCOT CEO Pablo Vegas emphasized that classifying more Bitcoin miners as CLRs would improve the reliability of the state’s power grid. A CLR is a […]
The post Texas wants to use bitcoin miners for grid stability as power demand soars appeared first on CryptoSlate.
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.
The Texas State Securities Board has taken action againstArkbit Capital, issuing a cease and desist order for its involvement in allegedfraudulent crypto cloud mining activities. Led by Financial Examiner AlexisCantrell, the board's investigation revealed purported deceptive practices byArkbit Capital and its associated entities.
Allegations of Deceptive Practices
Among the accusations, Arkbit Capital stands accused ofemploying deceptive image and video manipulation tactics to promote itsinvestment offerings. The company, along with its affiliates Arkbit CapitalHoldings, ABC Holdings LLC, and ABC Mining, allegedly misrepresented itsoperations, claiming to run Arkansas-based data centres for cryptocurrencycloud mining.
Investors were enticed with promises of significant dailyreturns ranging from 1.6% to 2.8% over a 120-day period on digital assetdeposits within a specific range. However, the board's order asserts that thesepromises were unfounded.
Furthermore, Arkbit Capital purportedly usedCoinPayments.Net, a payment processor, to handle transactions for itsinvestment plans, despite restrictions barring users from certainjurisdictions, including the United States. It was discovered that the accountholder linked to Arkbit's CoinPayments account was Paras Khivesara, located inHyderabad, India, rather than in Arkansas as claimed.
Additionally, the board highlighted instances of manipulatedmedia, including a video purportedly featuring the company's CEO and founderspeaking at a cryptocurrency conference in Austin, Texas. However, no evidencewas found to support the presence of Delmar Estabrook or Arkbit Capital at thesaid event.
Texas regulator orders Arkbit Capital to cease operations for alleged crypto scamThe Texas State Securities Board has issued a cease and desist order against crypto miner Arkbit Capital for engaging in fraudulent crypto cloud mining activities, Cointelegraph reported. The
CoinNess Global (@CoinnessGL) May 29, 2024Official Highlights Risks
In response to these findings, Joe Rotunda, Director of theEnforcement Division at the Texas State Securities Board, emphasized theimportance of vigilance when encountering social media investmentopportunities.
This is a common tactic we see in online crypto investmentscams. By appearing to be part of the cryptocurrency industry, bad actorsattempt to seem like legitimate contributors to the space. Dont be fooled,said Rotunda.
This incident adds to a series of Ponzi scheme casesinvolving cryptocurrency that have surfaced in the United States over the pastyear, reflecting challenges within the digital asset investment landscape.
This article was written by Tareq Sikder at www.financemagnates.com.
Arkbit falsely claimed to operate Arkansas-based data centers for cloud mining various cryptocurrencies.
The Texas House of Representatives has officially passed Senate Bill 21, a bill that paves the way for the establishment of a state-managed Bitcoin reserve.
The Texas House of Representatives advanced the Bitcoin reserve bill, Senate Bill 21, following a strong bipartisan vote. Lawmakers adopted a key amendment and approved the bill with a 105-23 margin. This legislative move positions Texas closer to managing a state-run Bitcoin reserve through official mechanisms. Bitcoin Reserve Bill Receives Key House Amendment The House […]
The global bitcoin mining company will harness wind and solar energy from West Texas to expand its operations.
The company warned that the SEC reversing a position it had held since 2018 on Ether as a security could spell disaster for the network and halt innovation in the United States.
Samsung Electronics has secured $6.4 billion in US government grants to expand its Texas chip manufacturing operations, aiming to boost production for automotive, aerospace, and defense industries, including two production facilities and a research center. (Read More)
In addition to the Texas bills, the latest proposed debt ceiling deal did not include the Biden Administration’s proposed 30% tax on Bitcoin miners.
The Lone Star State has become one of the hottest points on the U.S. map in terms of crypto regulation.
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