Tag Archives: Texas

US W-2 Employees Can Now Get Paid in Bitcoin

Cryptocurrency payroll and HR company Bitwage has announced a rollout of new payment tools for businesses executives claim “closes the loop” in Bitcoin salaries for W-2 employees in the US. Paxful Completes Successful Trial Through a partnership with Texas-based HR firm Simply Efficient HR, Bitwage now offers client businesses a way to offer salaries in Bitcoin and Ether… Read More »

Mining Giant Bitmain Reportedly Suspends Mining Operations in Texas

China-based leading mining and mining ASIC hardware producer Bitmain has reportedly suspended its mining operations in Rockdale, public radio station Texas Public Radio reports on Jan. 10. Rockdale is located in Milam County, east of Austin, in the United States state of Texas. Steve Young, a Milam County Judge, issued a statement reporting that all Bitmain employees but… Read More »

Bitmain Puts Its Mega Mining Facility Project in Texas on Ice

Bitmain Technologies is shelving its plans to create a mega Bitcoin mining facility in Rockdale, Texas. The news comes as the Bitcoin mining behemoth continues to downsize both the scale of its operations as well as its staff numbers. $500 Million Bitcoin Mining Project on Hold According to Texas Public Radio (TPR), Bitmain his suspending its plans to build… Read More »

Stablecoin Issuers May Need Licenses in Texas, Unlike Most Crypto Startups

Stablecoins may qualify as “money” under Texas law, according to updated guidance from the state Department of Banking. A memo published Wednesday by Texas Banking Commissioner Charles Cooper outlines how cryptocurrencies are to be treated under local and federal regulations, in particular adding details of how stablecoins backed by sovereign, or fiat, currencies may be assessed. The guidance… Read More »

Op-Ed: Defrauded Municipalities Demonstrate Use Case For Smart Contracts

Advertisement In June, Galveston County (Texas) discovered that it had paid over $525,000 to someone it didn’t owe money to, a scam artist posing as a representative of a firm doing work for the county. The author contends this would be nearly impossible in a system of smart contracts described herein. The scammer used social engineering to talk… Read More »

Texas Securities Commissioner Issues Cease and Desist Order to Crypto Investment Firm

The Securities Commissioner of the U.S. State of Texas has issued an Emergency Cease & Desist Order (C&D) against crypto investment firm My Crypto Mine and its principal Mark Steven Royer, published to the regulator’s website Nov. 27. The C&D claims that “sufficient evidence has been found” to substantiate that Royer, “acting on behalf of a white-collar criminal… Read More »

Hodler’s Digest, November 5-11: Star Trek’s Captain Kirk Defends ETH Decentralization, While Fake Elon Musks Overrun Twitter

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