Bitcoin Hyper Boosts as Texas Is First US State to Buy Bitcoin
What to Know: Texas buying bitcoin via an ETF signals growing state-level comfort with regulated BTC exposure, but it primarily benefits long-term, low-beta allocators. As institutions choose ETFs, crypto-native investors may look one layer deeper, into Bitcoin Layer 2 infrastructure, for higher potential upside. Bitcoin still struggles with low throughput, variable fees, and limited programmability, keeping most complex DeFi and gaming activity on alternative smart contract chains. Bitcoin Hyper aims to solve this by bringing SVM-based, high-throughput smart contracts to a Bitcoin-secured....
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Quick Facts: ➡️ Texas allocating $5M into a BlackRock Bitcoin ETF during a dip shows a growing state-level conviction in Bitcoin’s long-term upside. ➡️ Broader adoption of spot Bitcoin ETFs by institutions reinforces $BTC as macro collateral, even as on-chain scalability and programmability remain unresolved bottlenecks. ➡️ Bitcoin Hyper aims to address these with 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 […]
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....
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....
What factors make Texas an ideal state for Bitcoin mining and Blockchain marketing, despite the reluctant attitude among governments and central banks around the globe towards the Cryptocurrency phenomenon? How ideal is the Bitcoin environment for the residents of the state? Are there any new frontiers for the oil and gas industry that are being created by Bitcoin in Texas? CoinTelegraph decided to ask Robert Gonzalez about the problems of Bitcoin and the Blockchain in Texas. Mr. Gonzalez, the founder of UTXO, a Bitcoin mining company based in Houston Texas, says the goal of his company is....