texas

Blockcap Mined $33M in BTC in First Quarter, Q1 Bitcoin Revenue Outshines US Competitors

<div class=”featured_image_container”> </div> <b>The Texas-based Blockcap Incorporated revealed the blockchain and mining firm has mined approximately 544 bitcoins during the first quarter of 2021. Blockcap says the $33 million worth of bitcoin stems from the firm’s fleet of 12,176 mining rigs.</b> Blockcap Rakes in 544 Bitcoins During the last three months, bitcoin (BTC) markets have …

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Riot Blockchain Bitcoin production jumps 80% over pre-halving levels

In an announcement on Monday, Riot Blockchain reported that it produced 187 Bitcoin (BTC) — roughly $11.2 million — last month, an 80% increase over its BTC mining in March 2020. The company said it held more than 1,565 Bitcoin on its balance sheet as of March 31, representing more than $94 million in crypto. The …

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Texas Bitcoin Mining Swells- Riot Purchases Mining Site for $650M, Blockcap Establishes HQ in Austin

<div class=”featured_image_container”> </div> <strong>The Lone Star State of Texas is solidifying its role as a bitcoin mining and blockchain hub. This week two major bitcoin mining companies established operations in Texas. The company Riot Blockchain purchased a mining site in Rockdale and the bitcoin mining firm Blockcap announced establishing headquarters in Austin. </strong> Blockcap Sets …

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Texas Issues Orders to Stop ‘Binance Assets’ and 2 Other Fraudulent Crypto Investment Platforms

<div class=”featured_image_container”> </div> <strong>The Texas securities commissioner has entered emergency cease and desist orders to stop three cryptocurrency investment platforms from duping investors in the state. One scheme operates under the name “Binance Assets.” The regulator has found that all three platforms are fraudulent.</strong> Texas Seeks to Stop 3 Crypto Platforms Operating in the State …

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Twitter sues Texas AG to stop “retaliatory” content-moderation probe

Enlarge Thomas Trutschel / Getty Images Twitter is suing Texas Attorney General Ken Paxton, alleging that a probe Paxton launched into its business is an act of retaliation against the platform’s choice to ban the account of former US President Donald Trump. The suit (PDF) accuses Paxton of using his office to “intimidate, harass, and …

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Twitter sues Texas AG alleging political retaliation for Trump ban

Twitter isn’t happy that Texas Attorney General Ken Paxton launched an investigation into the company after it banned former President Trump. CBS News reports Twitter has sued Paxton in federal court, alleging the AG is violating the First Amendment by trying to punish the social network for exercising free speech rights over the content it …

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Report: Bitcoin Mining Firm Northern Data AG Plans for a $500 Million IPO

<div class=”featured_image_container”> </div> <strong>While the public prepares for the upcoming Coinbase public offering, the mining firm Northern Data AG is reportedly planning to go public as well. Sources say that the mining business is in talks with Credit Suisse Group to launch an initial public offering (IPO) in the United States.</strong> Report: Sources Say Northern …

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Deep in the heart of Texas’s collapsing power grid

Enlarge Aurich Lawson / Getty Images Texas is now entering its third day of widespread power outages and, although supplies of electricity are improving, they remain well short of demand. For now, the state’s power authority suggests that, rather than restoring power, grid operators will try to shift from complete blackouts to rolling ones. Meanwhile, …

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Extreme cold snap causes T-Mobile outages in Texas and other parts of the US

If you’re not getting wireless service on your T-Mobile device, you’re not the only one. Inclement winter weather in Texas and other parts of the US is causing issues with the carrier’s network, with Downdetector tracking more than 1,000 outage reports since 1PM ET. We’re experiencing network issues following severe weather in several areas of …

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Serbian Man Extradited to US After Being Indicted In $70 Million Crypto Fraud

Serbia has extradited a man to the U.S. after he was indicted by a Dallas-based federal grand jury on allegations that he duped investors around the globe–several of whom are in northern Texas–out of more than $70 million. The scheme involved soliciting investments in binary options and cryptocurrency mining, the U.S. Department of Justice alleged.  …

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