Ted Cruz Said Bitcoin Will Strengthen Texas’ Electrical Grid, What Does He Mean?
It’s official, Ted Cruz is a bitcoiner now. However, take into account that he is a Senator for Texas, and the state is quickly becoming the biggest Bitcoin hub in the USA. The politician might be catering to his constituency, but that doesn’t take away from his message. “In five years I expect to see […]
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Senator Cruz predicts that Bitcoin mining will be used to capture wasted renewables and Texas’ power grid within five years. U.S. Senator Ted Cruz believes The United States should be using natural gas to mine Bitcoin instead of flaring it.Speaking during the Oct. 8 Texas Blockchain Summit, Senator Cruz asserted that Bitcoin mining can be used to monetize energy created through oil and gas extraction rather than burning it, arguing that there is “enormous opportunity for Bitcoin [...] to capture that gas instead of wasting it.”According to a transcription of the talk shared to social media....
In an interview with Forbes, Texas Senator Ted Cruz voiced support for Bitcoin mining and affirmed that mining operations benefit the Texas economy and grid. Cruz admired the decentralized nature of cryptocurrency technology and talked about the financial freedom achieved through the uncontrollable nature of Bitcoin. The senator highlighted the distinctive quality of Texas during […]
The proposal, called the ACCEPT Resolution, would apply to gift shops, vending machines and restaurants. U.S. Senator Ted Cruz of Texas submitted a resolution on the Senate floor Monday that would require the acceptance of cryptocurrency payments at all gift shops, restaurants and vending machines located within the Capitol Complex. The resolution, titled Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions, or ACCEPT, also prohibits the Architect of the Capitol — a presidential appointee who oversees the administration of the Capitol Complex — from entering into....
U.S. Senator Ted Cruz has declared his bitcoin purchase worth up to $50,000. “I’m also particularly proud that my home state, Texas, is becoming an oasis for the blockchain community, for bitcoin miners, for innovators and entrepreneurs in the crypto world,” said the senator. Senator Ted Cruz Declares Bitcoin Purchase U.S. Senator Ted Cruz has bought the bitcoin dip. A Periodic Transaction Report filed on Friday shows that the senator from Texas personally bought bitcoin worth between $15,001 and $50,000 on Jan 25. On the date of the transaction, the price of bitcoin....
Houston-based tech company Lancium enables Texas’ grid to dial power demand up and down through bitcoin mining.