The former wife of crypto evangelist and computer programmer John McAfee has responded to a claim made by his ex-girlfriend that he faked his death and was currently in hiding. John McAfee died in a Spanish prison cell in June 2021 while awaiting extradition to the United States on charges of failing to submit tax returns from 2014 to 2018 and not reporting income related to pushing crypto projects and consulting work. He was 75 years old when he passed, and many in and out of the crypto space quickly developed conspiracy theories around his detainment and death. In a Netflix documentary on McAfee’s life and death released on Wednesday titled Running with the Devil: The Wild World of John McAfee, ex-girlfriend named Samantha Herrera claimed to have received a phone call from the computer p...
Scott Beck, chief executive officer of United Texas Bank, called on members of the state’s blockchain working group to recommend policy for leaving stablecoins to banks rather than crypto firms. Speaking before the Texas Work Group on Blockchain Matters in Austin on Friday, Beck suggested limiting the issuance of U.S. dollar-backed stablecoins to licensed banks rather than issuers like Circle. The United Texas Bank CEO cited a November report from the President’s Working Group on Financial Markets, in which the group said stablecoin issuers should be held to the same standards as insured depository institutions including state and federally chartered banks. “If such stablecoins are defined to be ‘money’, banks are the proper economic actor to issue and manage stablecoins,” said Beck. “Bank...
Amid many cryptocurrency mining firms in Texas scaling down operations to reduce the load on the power grid, at least one company set up miners not quite as affected by the state’s energy requirements during extreme heat. In June, White Rock Management expanded its crypto mining operations to Texas — its first in the United States — but reported its facility in the Brazos Valley region would mine Bitcoin (BTC) using “environmentally responsible” methods. While the firm’s mining operations in Sweden used hydroelectric power, White Rock CEO Andy Long told Cointelegraph that its Texas facility was “off grid”, powered only by natural gas that would otherwise be burned. “The U.S. is where the action is in terms of markets, so we plan to be in at least another couple of states as well as Texas w...
Crypto mining firm Core Scientific reported its operations produced 1,221 Bitcoin (BTC) in July even as the company powered down several times in response to demand on the Texas power grid. In a Friday announcement, Core Scientific said its month-over-month Bitcoin production had increased from 1,106 in June to 1,221 in July — roughly 10.4%. The firm reported curtailing operations “due to extreme temperatures at multiple data centers,” but also increased the number of its self-mining servers and hashrate by 6%, to 109,000 and 10.9 exahashes per second (EH/s), respectively. JULY 2022 HIGHLIGHTS:-1,221 #Bitcoin self-mined-10.9 EH/s self-mined-+190,000 ASIC servers in operation-8.4 EH/s colocation (hosting)-Deployed first BITMAIN ANTMINER S19 XPs in the United Stateshttps://t.co/Qt2...
Crypto mining firm Riot Blockchain reported it produced fewer Bitcoin (BTC) in July 2022 than that in July 2021 after scaling down operations at its Texas facility. In a Wednesday announcement, Riot said its miners had produced 318 Bitcoin in July, more than 28% less than the 443 BTC the firm reported generating in July 2021. According to Riot CEO Jason Les, the firm curtailed operations by 11,717 megawatt-hours in July in response to increasing demand on Texas’ energy grid. Many parts of the Lone Star State experienced several days with temperatures over 100 degrees Fahrenheit, requiring additional power for air conditioners. “As energy demand in [Electric Reliability Council of Texas, or ERCOT] reached all-time highs this past month, the company voluntarily curtailed its energy...
Lights All Night has announced an impressive lineup for its 12th festival, set for New Years weekend in Dallas, Texas. As to be expected with Lights All Night, heavyweight artists from all over the dance music spectrum, like Excision, Porter Robinson, ATLiens, Said The Sky, Ganja White Night, John Summit and more, are set to tear up the Dallas Market Hall during this year’s edition. The festival is scheduled for Thursday and Friday, December 29th and 30th, located just a few minutes from downtown. Check out the full Lights All Night 2022 lineup below. Lights All Night 2022 lineup with Excision, Porter Robinson, Said The Sky and more. Scroll to Continue Recommended Articles Lights All Night’s event last year brought in a crowd of nearly 18,000 concert-goers e...