First For The Nation: Texas Invests $10M In Bitcoin, Leading State Treasury Move

In mid-June, Texas Gov. Greg Abbott signed into law HB 483, paving the way for Texas to repatriate $1 billion in gold from an underground vault in Manhattan operated by HSBC bank, bringing it home to be stored in a yet-to-be-built Texas Bullion Depository, reports HNGN, which also speculated whether this is the first step in Texas' plan to secede. The gold is owned by the University of Texas' endowment fund. "Today I signed HB 483 to provide a secure facility for the State of Texas, state agencies and Texas citizens to store gold bullion and other precious metals,"Abbott said in an....

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....

Everything is big in Texas, many would say. Today, the state is looking past its current state of finances by adding Bitcoin to its coffers–and making things bigger in terms of its economic implications. Related Reading: BTC Goes Corporate: Major Brazilian Firm Adopts BTC Strategy Texas became the first US state to establish a crypto […]

Today, the Texas Coinitiative posted a new update to their blog: The Texas Alcoholic Beverage Commission OK's Bitcoin-For-Alcohol sales. Elsewhere in the country, Ohio lawmakers have stymied Bitcoin adoption somewhat by banning Bitcoin-For-Alcohol sales in their state. Elsewhere in Texas, the Texas Department of Banking (DOB) released a guidance which clearly states that businesses accepting cryptocurrencies do not require state money transmitting licenses. Texas, as one of the larger states in America, has understandably been leading the charge in Bitcoin adoption. In March, the Texas....

Anthem Vault, which owns the Bitcoin-accepting online precious metals retailer Amagi Metals, submitted a proposal to the state of Texas regarding the building of a new Bullion Depository that was recently signed into law in the Lonestar State. The plan to build a gold depository has mustered the interest and support of the international precious metals community. The official state bullion depository appears to be in its incipience as more than a dozen companies answered Comptroller Glenn Hegar request for advice on the project. Governor Greg Abbott signed House Bill 483 in June, directing....