‘Proof of reserves’ bill passes in Texas House of Representatives
Digital asset providers would be restricted from comingling customer funds with any other type of operational capital.
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Digital asset providers would be restricted from comingling customer funds with any other type of operational capital.
Given the unique positioning of the crypto mining market, Texas officials believe miners can participate in demand response programs — which involve turning off miners’ power during peak demand.
Extreme heat won’t stop miners from setting up operations in Texas, but more sustainable practices may be required.
Despite the price of BTC, the Bitcoin network is the strongest it’s ever been, according to industry experts.
The Initial Public Offering (IPO) for Texas-based Bitcoin miner Rhodium Enterprises is another feather in the cap for the Bitcoin-friendly southern State.