News Explorer — A Flexible Grid and Cheap Renewable Energy Have Made Texas a Mecca for Bitcoin Miners

A Flexible Grid and Cheap Renewable Energy Have Made Texas a Mecca for Bitcoin Miners

Bitcoin miners have flocked to Texas due to the state’s flexible power grid and abundance of cheap renewable energy. Texas recognizes the fluctuating balance of energy supply and demand throughout the day, allowing miners to reduce their energy demand during peak times and sell excess power. The state’s power grid, ERCOT, offers credits to mining companies, attracting major players like Core Scientific, Genesis Digital Assets, Riot, and Marathon Digital.

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Coindesk

A Flexible Grid and Cheap Renewable Energy Have Made Texas a Mecca for Bitcoin Miners

Bitcoin miners have flocked to Texas due to the state’s flexible power grid and abundance of cheap renewable energy. Tex… Read Summary

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Jul 24, 8:38 am

Decrypt

Binance and Other Crypto Exchanges Kick Off Worldcoin Trading

Binance has announced that it will begin trading Worldcoin (WLD), with support for leveraged trading and token deposits…. Read Summary

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Jul 24, 8:11 am

Coindesk

Musk’s Twitter Rebrand to ‘X’ Sparks Launch of Various Cryptocurrencies

Elon Musk’s Twitter rebranding to the symbol “X” has led to the emergence of several tokens with the same branding on de… Read Summary

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Jul 24, 7:01 am

Decrypt

Worldcoin Launches Protcol, Token on Optimism

The Worldcoin Protocol has officially launched on the OP Mainnet after migrating from the Optimism layer-2 blockchain. T… Read Summary

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Jul 24, 3:16 am

Cointelegraph

Republican Representative Warren Davidson Urges Congress to Ban, Criminalize the Development of CBDCs

Republican Representative Warren Davidson has called for a ban on Central Bank Digital Currencies (CBDCs) and criminaliz… Read Summary

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Jul 23, 10:31 pm

Decrypt

SEC Appeal Not a ‘Setback’ for Ripple XRP Ruling, Crypto Lawyer Says

Crypto lawyer John Deaton believes that the appeal from the SEC in the Ripple case is not a significant setback for Ripp… Read Summary

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Jul 23, 5:31 pm

Decrypt

Nevada Woman Sentenced for Hiring Hitman With Bitcoin to Kill Ex-Husband

Kristy Lynn Felkins, a Nevada woman, has been sentenced to five years in prison for attempting to hire a hitman on the d… Read Summary

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Jul 22, 9:52 pm

Decrypt

Americana Makes Its ‘Phygital’ Vault Service Available to the Public

Americana, a vaulting platform backed by OpenSea and venture capital firm 776, aims to provide a one-stop shop for secur… Read Summary

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Jul 22, 7:49 pm

Decrypt

SEC Asserts Ripple XRP Case was ‘Wrongly Decided’, Signals Appeal

The SEC has filed new documents in its lawsuit against Terraform Labs and its CEO Do Kwon, indicating a possible appeal… Read Summary

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Jul 22, 4:10 pm

Decrypt

House Crypto Bill Won’t Restrain SEC and Could Threaten DeFi, Legal Experts Say

The recently introduced digital assets bill in the US aims to address the regulatory shortcomings in the crypto industry… Read Summary

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Jul 22, 2:59 pm

Cointelegraph

Celsius Network May Exit Bankruptcy With $78 Billion Settlements

Bankrupted crypto lender Celsius Network has reached two settlements that will allow it to return assets to customers an… Read Summary

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Jul 21, 10:42 pm

The Block

Bankrupt Celsius Settlements May Lead to Return of Customer Funds

Celsius Network, a bankrupt crypto lender, has reached settlements that could lead to the return of customer assets. The… Read Summary

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Jul 21, 10:25 pm

Decrypt

HAMS Token Jumps 783% Amid Hype Over Crypto Gambling on Hamster Races

The price of the HAMS token, associated with the Hamsters.gg website, experienced a significant surge, jumping 783% in a… Read Summary

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Jul 21, 7:32 pm

Coindesk

Craig Wright Wins Appeal in UK Bitcoin Copyright Case

Craig Wright, who claims to be Bitcoin inventor Satoshi Nakamoto, has been granted the opportunity to argue his case for… Read Summary

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