A bill requiring users to identify themselves while using digital currencies has been filed on March 8, according to the official Texas legislature portal. The bill’s text contains the definitions of digital currencies, digital wallets, distributed ledgers and verified identity digital currencies (VIDC). The latter is defined as “a digital currency that allows the true identities of the sender and the receiver to be known before a person has access to another person's digital wallet.” Per the proposed bill, before accepting a payment in digital currency, a person must verify the identity of the person sending the payment unless a …

Texas’ state securities regulator announced it had reached an agreement with four cryptocurrency companies it accused of selling unregistered securities, according to an order released on Feb. 21. The result of a nine-month process, Mintage Mining, BC Holdings and Investments, Social Membership Network Holding, Nui Social and manager Darren Olayan agreed to refrain from offering cryptocurrency tokens to investors. As respondents listed in the order, the entities will also pay an administrative fine of $25,000. In July last year, the Texas State Securities Board (SSB) identified token offerings by the companies as falling under the definition of securities according to …

The Texas State Securities Board (SSB) issued a total of 16 orders against suspected cryptocurrency scam investments in 2018, the regulator revealed in its 2018 Enforcement Report published on Feb. 7. Targeting actors luring Texas residents with various investment schemes, the SSB said it had successfully cited a total of 60 people and entities over the twelve-month period that reportedly sold unregistered securities. Scams included the now-infamous BitConnect, an investment racket which lost almost its entire market cap after a string of revelations about its authenticity worldwide. “Promoters of cryptocurrency-related offerings are taking advantage of the anonymity of the internet …

China-based leading mining and mining ASIC hardware producer Bitmain has reportedly suspended its mining operations in Rockdale, public radio station Texas Public Radio reports on Jan. 10. Rockdale is located in Milam County, east of Austin, in the United States state of Texas. Steve Young, a Milam County Judge, issued a statement reporting that all Bitmain employees but two engineers and the director of human relations had been laid off, and all operations had been suspended. According to the article, Young said later that the company told him Bitmain will scale down the operation rather than shut it down, now …

The Securities Commissioner of the U.S. State of Texas has issued an Emergency Cease & Desist Order (C&D) against crypto investment firm My Crypto Mine and its principal Mark Steven Royer, published to the regulator’s website Nov. 27. The C&D claims that “sufficient evidence has been found” to substantiate that Royer, “acting on behalf of a white-collar criminal [Bruce Bise] and disbarred attorney [Samuel Mendez], offered tokens that are now nearly worthless” via a crypto investment scheme dubbed “BitQyk.” The document does not disclose details surrounding Bise’s status as a “white collar criminal,” but states that Mendez was disbarred as …

Former U.S. Congressman Ron Paul has asked Twitter users Nov. 15 how they would prefer to receive $10,000 if they had to keep it in this form for a decade, with the majority picking Bitcoin (BTC) . Of the respondents, 50 percent answered that they would prefer to receive their $10,000 in Bitcoin, the second most chosen asset was gold (37 percent), the third U.S. 10 year treasury bonds (11 percent), and the last was the U.S. dollar at only 2 percent. Screenshot of Ron Paul’s Nov. 14, 2018 tweet. Source: Twitter Bitcoin’s price had recently been stable for a …

Bitcoin (BTC) mining firm Bitmain will build a $500 million blockchain data center and mining facility in Texas as part of its expansion into the U.S. market, the company revealed in a press release August 6. Bitmain, which is valued at around $12 billion after its early July funding round, is also reportedly looking to plan an overseas Initial Public Offering (IPO) in a market with U.S. denominated shares. Bitmain’s new data center will take over the former Alcoa smelter in Rockdale, Texas, with the estimation that the construction and set-up will be completed in the fourth quarter of 2018 …

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 in creating a …

CoinSource, a Bitcoin ATM network in US, has just announced the instalment of two Bitcoin ATMs in two of America’s most highly populated states: California and Texas. The Bitcoin ATMs installed today are one-way GenesisCoin BTMs where customers can instantly purchase bitcoin in a convenient way. Both BTMs found their new homes today, December 16, 2015. The new Bitcoin ATM installed in Palo Alto, California is strategically located in the city’s technology district just two miles from Stanford University and four miles from Google’s headquarters, at the Barron Park Market at 3878 El Camino Real, otherwise known at State Route …

Bitcoin core developer Jeff Garzik has signed a deal to have his full-node satellites built, ready to be launched into orbit. IBM is rumored to be working on its own version of Bitcoin designed to introduce instant euro and dollar payments. Large sybil attack discovered as huge node network found to be working to undermine blockchain anonymity, and much more that happened on March 13. Garzik signs deal to deploy his BitSats to space Bitcoin core developer Jeff Garzik has brought his plans to deploy blockchain full nodes into space on mini satellites a step closer to reality. Garzik's Dunvegan …

The Texas Department of Banking (DOB) has announced that it will not treat Bitcoin and other cryptocurrencies as money in a memo, whose pdf document version, interestingly enough, is no longer available. Ahead of the curve Lately, Texas has been in the headlines quite often alongside mentions of Bitcoin, from the launch of one of the first Bitcoin ATMs in the US to the State’s Attorney General accepting Bitcoin contributions for his gubernatorial campaign. Indeed, the Lone Star state has been at the forefront of embracing the peer-to-peer digital currency as of late. This is why Daniel Wood, assistant general …