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Texas
El Salvador Considers Opening 'Bitcoin Embassy' in Texas
El Salvador is in discussions to open a "bitcoin embassy" in Texas, El Salvador's Ambassador to the U.S., Milena Mayorga, said on Tuesday. "The Hash" panel discusses the latest in El Salvador's stumbling bitcoin experiment and the possible outcomes.

21 Americans Charged for Alleged Crypto Money Laundering Schemes
Federal prosecutors in Texas have slapped 21 U.S. citizens with an assortment of criminal charges for allegedly helping various transnational criminal rings launder their ill-gotten gains using cryptocurrency. "The Hash" panel discusses the latest in the world of crypto crime.

Worse Than Enron? Examining the FTX Collapse
"The Hash" panel discusses the parallels and differences between the implosions of crypto exchange FTX and the fall of the most infamous business fraud in American history – the Texas-based energy trading con Enron (ENE).

Client Demand for Crypto Led to BNY Mellon's Custody Offering; FTX.US Under Scrutiny Over Securities Allegations
Client demand for crypto was the key factor in launching a crypto custody offering, said BNY Mellon CEO Robin Vince. The Texas State Securities Board is investigating FTX.US over allegations it offers unregistered securities products in the U.S. through its yield-bearing service. It took more than an hour to mine a block of bitcoin (BTC) on Monday.

Texas Blockchain Council Exec: ‘Embarrassing’ to See Senators Concerned Over Bitcoin Mining’s Energy Use in Texas
A group of seven Democratic lawmakers in Washington, D.C., led by Sen. Elizabeth Warren (D-Mass.) are looking into the energy usage and carbon emissions of the bitcoin mining industry in Texas as well as the impact on the grid and local consumers. Texas Blockchain Council's Director of Bitcoin Analytics Steve Kinard weighs in.

Texas Bitcoin Miners Face Scrutiny; Core Scientific Will Defend its Interests in Celsius Bankruptcy
Grayscale Investments called the SEC's June rejection for a spot bitcoin exchange-traded fund (ETF) "arbitrary, capricious, and discriminatory" in its lawsuit against the regulator. Core Scientific intends to pursue what it feels it is owed by Celsius Mining, the mining affiliate of the troubled crypto lender. Sen. Elizabeth Warren (D-Mass.) and seven other lawmakers are probing Texas' bitcoin mining industry.

Texas Opposes Plan by Celsius to Fund Operations With Stablecoin Sales
Texas state agencies are objecting to a plan by bankrupt crypto lender Celsius Network to sell off its stablecoin holdings to pay for ongoing operations, according to a new court filing. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the details.

Fed’s Waller Sees Another ‘Significant’ Rate Hike This Month; SEC Enforcement Chief: We Can’t Ignore Crypto Law-Breaking
Federal Reserve Governor Christopher Waller said Friday he expects a big interest rate increase later this month. Gurbir Grewal, director of enforcement at the U.S. Securities and Exchange Commission, said his agency can’t look the other way as the crypto industry violates securities laws.

Riot Blockchain Earned $9.5M for Not Mining During Texas Heatwave
Bitcoin mining firm Riot Blockchain mined 318 bitcoins in July, 28% fewer than last July, as it shut some operations to accommodate the high energy demand during the heatwave in Texas. The miner gained $9.5 million in power credits and other benefits from the curtailment. Riot Blockchain Vice President of Capital Markets discusses the state of the mining industry and potential impact of the upcoming ETH merge on the sector.

How Power Grids Work for Bitcoin Miners in Texas
Gregg Dixon, co-founder, and CEO of energy software platform Voltus discusses the state of crypto mining and how it is impacting power grids in Texas, breaking down the data on the energy consumption of a bitcoin miner.
