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Texas Blockchain Council Welcomes FTI Consulting s Technology Segment as a New Member

Texas House Gives Crypto-friendly Bill the Green Light

Texas House Gives Crypto-friendly Bill the Green Light Last Updated: 12 May 2021 The Texas House of Representatives has passed a crypto bill to include cryptocurrencies under the state’s commercial laws. In a session at the Texas Legislature, the House passed the proposal that would amend the Uniform Commercial Code (UCC) in the state. If approved by the Senate, the new commercial law will include blockchain innovation and digital assets regulations. The bill was introduced to the House by Tan Parker in March. The bill will now be handed over to the Senate, who will make any amendments and pass it if members approve. If passed, it will be signed by the Governor of Texas, Greg Abbott, and become law.

Bitcoin mining company Blockcap moves headquarters to Austin

Blockcap, a bitcoin mining and blockchain company, is moving its corporate headquarters from Las Vegas to Austin, with plans to continue to grow its operations, according to the company.  The company, which describes itself as one of the fastest-growing cryptocurrency mining operators in North America, was founded last year and combined assets from five existing bitcoin mining companies. Blockcap estimates it accounts for nearly 1% of all bitcoin network transactions. What is Bitcoin? Bitcoin is a cryptocurrency, which is a form of currency that exists only in digital or electronic form. Companies such as Blockcap  mine bitcoins through a process that includes solving complex computational math problems. The companies often use equipment in bulk and scale operations to save on costs. 

Amid a Bitcoin Boom, Texas Leaders Get Cozier With Cryptocurrency

Texas Monthly; Getty Two and a half years ago, Bitcoin crashed. The cryptocurrency fell from a peak value of nearly $20,000 in late 2017 to lows of about $3,200 a year later. The severe drop brought renewed scrutiny of the underlying technology, known as “blockchain,” as well as plentiful I-told-you-sos from critics. Put as simply as possible, blockchain is a digital ledger on which transactions can be recorded anonymously across decentralized computer networks. When someone receives a Bitcoin, that asset is secured by a transaction ID, a unique string of numbers and letters. Bitcoin was the first, but other cryptocurrencies, such as Ethereum and Dogecoin, have joined the market. Bitcoin was designed as a finite resource there will only ever be 21 million Bitcoins that must be “mined” by giving over computer power to the network that secures each Bitcoin transaction. The more computer power granted to the network, the more Bitcoins received as a reward.

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