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The Latest Breaking News from Lee Bratcher

Texas launches cryptocurrency reserve with $5 million investment

Lawmakers created a state Strategic Bitcoin Reserve earlier this year and dedicated $10 million to investing in cryptocurrency.

The Texas Tribune

From Bullion to Bitcoin: Crypto Reserve Is Latest Fiscal Folly in Texas

Why?

Texas Observer

Texan Bitcoin miners profit by using less electricity; advocates say all Texans should get the same chance

Bitcoin miner Riot Platforms made headlines over the summer for making millions by selling pre-purchased power back to the grid. The news highlighted how the grid can benefit businesses more than consumers.

The Texas Tribune

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Will 2023 bring more crypto bankruptcies to weed out ‘the pumps and the frauds’?

The crypto industry had a rough go of it in 2022, with crashing cryptocurrency prices and a series of catastrophic bankruptcies.

Tribune News Service

Yes, you can use your credit cards to buy crypto

You can buy cryptocurrency with certain credit cards, but you'll face high fees and interest charges, and your creditor may even process the transaction as a loan.

Fortune

Texas Is Becoming a Bitcoin-Mining Capital. Can the Grid Handle It?

Despite the FTX crash, ERCOT continues to court the cryptocurrency industry.

Texas Observer

Cryptocurrency firm FTX’s fall pains industry, but Texas stays optimistic

FTX’s bankruptcy has been a painful setback for the industry. But many legislators, investors and enthusiasts remain believers in making Texas crypto’s top destination.

The Texas Tribune

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Cryptocurrency miners line up to come to Texas, and rural counties are welcoming them

Eager to bring new jobs to their towns and boost their tax base, rural Texas counties are courting companies that produce cryptocurrencies.

The Texas Tribune

Limiting crypto helped the Texas power grid weather a heat wave

Cryptocurrency mining requires huge amounts of electricity, prompting concerns over the industry’s environmental impact — and whether the state’s grid can keep up.

The Texas Tribune

Bitcoin miners pause operations in Texas to curb blackouts

For miners eating the cost of a massive crypto nosedive, the temporary pause may actually be welcome.

Input

‘We do not want this’: Texas town group protests Riot Blockchain’s Bitcoin mining facility

Jackie Sawicky, 42, was scrolling Facebook in late April when she saw a video about a surprise economic development announcement by the city of Corsicana, Texas. Intrigued, she clicked to watch.

Tribune News Service

Here’s why crypto companies are flocking to Texas

Mance Harmon graduated from college in 1993 when the World Wide Web was just getting ripples, so he remembers the frustrations of trying to explain it to his parents. It didn’t make sense to them until they got an email account, but now, everyone intuitively understands the Internet, he said.

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