Cryptocurrency Analysis and News Portal
South Dakota governor Kristi Noem has formally rejected legislation that would have excluded bitcoin (BTC) and other cryptocurrencies from the definition of money. Bill excluded crypto but classified CBDCs as money The legislation, known as House Bill 1193, was intended to amend provisions of South Dakota’s Uniform Commercial Code to exclude digital
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Kristi Noem, the governor of South Dakota, has used her authority to veto legislation aimed at changing the definition of money to exclude cryptocurrencies.In a March 9 notice to South Dakota house speaker Hugh Bartels, Noem said she had vetoed House Bill 1193, which proposed amending the state’s Uniform Commercial
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Legislation has been introduced in the American state of South Dakota to amend the Uniform Commercial Code (UCC) to limit the definition of money to exclude cryptocurrencies. Central bank digital currencies (CBDC) would still be considered money under the proposed new definition. The 117-page amendment, introduced into the state house of
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This week the mining operation Applied Blockchain announced that it is changing its company name to Applied Digital. Furthermore, the mining operation released 2022 financial results and operational updates that noted that the mining firm entered a purchase agreement on August 15 for land in North Dakota. Applied Digital Enters
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Who’s putting his money where his mouth is? Mr. Wonderful AKA Kevin O’Leary is. As one of the main proponents of the industry’s need for green bitcoin mining, Mr. Wonderful invested in Bitzero. And now they’re announcing that the company will build its North American headquarters in North Dakota. Why
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Bitzero plans to invest about $400 million to $500 million to build 200 megawatts of data centers in the state. Source
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Crusoe Energy, which recently was recognized for its “innovative” solution to generating energy by the World Bank’s Global Gas Flaring Reduction Initiative report, has several sites across the U.S., including in North Dakota, Montana, Wyoming and Colorado, where it uses wasted natural gas to power bitcoin mining rigs. Crusoe’s customers
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So-called flaring, where excess natural gas is burned off into the atmosphere as part of oil drilling operations, has become standard industry practice because of the lack of transportation infrastructure. Aiming for the win-win of running their rigs while slashing carbon emissions from flaring, bitcoin miners, including Crusoe Energy and
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Digital asset custodian Aegis Custody has received the South Dakota Division of Banking’s blessing to start forming a trust company in the state.The full-service digital asset shop must clear a series of minor regulatory hurdles before it can secure the trust charter necessary to do business, President Michael McCarty said.
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