Bitcoin Is Well Aligned With The Texan Culture
Texas has proven to be a frontline state within the Bitcoin and Blockchain ecosystem. Sam Castaneda speaks with CoinTelegraph on the peculiar characteristics of the state and why they have led in breaking new grounds within the ecosystem and milestones that have been achieved by the people of Texas. Sam Castaneda is the Co-Founder of UTXO, a Bitcoin company based in Texas. Sam was born in south Texas and moved to Houston to pursue economics at the university of Houston. Sam proudly says: According to Sam, Texas has always been inclined to take a stance in monetary policies. Giving an....
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Yesterday, Texas Congressman Steve Stockman introduced a new House Resolution (HR 5777) entitled: "To protect cryptocurrencies." Congressman Steve Stockman is a Republican, from Texas's 36th Congressional district, who has become one of cryptocurrency's most ardent supporters in politics. Back in May, Stockman introduced HR 4602: Virtual Currency Tax Reform Act after the IRS revealed its virtual currency guidance for taxation. Texas has established itself as one of the most friendly states towards Bitcoin and cryptocurrencies. Also read: Texan Congressman to Introduce Virtual Currency Tax....
Animoca Brands co-founder Yat Siu has urged new NFT users to look past profiteering and examine how nonfungible tokens can redefine culture. Yat Siu, the co-founder and chairman of NFT game developer Animoca Brands, believes nonfungible tokens offer a new way for culture to be stored in the virtual sphere.In an interview with Cointelegraph, Siu argued that while the technology underpinning NFTs may be new, the desire to “store culture” has long been with us throughout human history. “We describe NFTs as stores of culture, because they embody a moment in history,” he said, adding: “What is....
Major Bitcoin miners have set up shop in a former aluminium smelting plant in the small Texan town of Rockdale. Two Bitcoin mining giants are duking it out for cheap electricity in the tiny town in Texas.Both Bitdeer, a mining firm that spun out from Chinese giant Bitmain, and Riot Blockchain, one of leading publicly traded Bitcoin mining firms in the United States, are operating data centers hosted at a former aluminium smelting facility in the Texan town of Rockdale.The town’s aluminium smelting plant was previously the world’s largest, until the company that ran it, Alcoa, began winding....