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Crypto Mining and AI Growth Threaten North American Energy Grid Stability 😱
Cryptocurrency mining and AI data centers are driving electricity demand in North America to unprecedented levels, raising concerns about grid reliability and stability. A report by the North American Electric Reliability Corporation (#NERC ) highlights challenges such as fluctuating energy loads, increased risk of shortfalls, and the impact on renewable energy integration.
Regions like #Texas face the greatest strain due to concentrated crypto and AI operations. Strategies like better forecasting, advanced transmission planning, and the use of renewable energy are proposed to mitigate these challenges.
If you enjoy my content, feel free to tip me ❤️
#Binance
#crypto2024
Cryptocurrency mining and AI data centers are driving electricity demand in North America to unprecedented levels, raising concerns about grid reliability and stability. A report by the North American Electric Reliability Corporation (#NERC ) highlights challenges such as fluctuating energy loads, increased risk of shortfalls, and the impact on renewable energy integration.
Regions like #Texas face the greatest strain due to concentrated crypto and AI operations. Strategies like better forecasting, advanced transmission planning, and the use of renewable energy are proposed to mitigate these challenges.
If you enjoy my content, feel free to tip me ❤️
#Binance
#crypto2024
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Ohio Proposes Establishing a Bitcoin Reserve Fund: Opportunities to Protect Public Assets from Depreciation
Ohio is becoming the focal point of attention in the cryptocurrency community with Representative Derek Merrin introducing Bill 703 – also known as the Ohio Bitcoin Reserve Act. This bill proposes establishing a fund $BTC in the state treasury while empowering the state treasurer to independently decide on Bitcoin investments.
Bitcoin: Protecting Public Assets Against Inflation
According to Representative Derek Merrin, the USD is rapidly depreciating, causing public assets to lose value. Bitcoin is seen as a potential solution to protect this capital. He stated on platform X (formerly Twitter):
Bitcoin: Protecting Public Assets Against Inflation
According to Representative Derek Merrin, the USD is rapidly depreciating, causing public assets to lose value. Bitcoin is seen as a potential solution to protect this capital. He stated on platform X (formerly Twitter):
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Texas Builds Strategic Bitcoin Reserves: A Major Step in Blockchain Technology
Texas is considering a groundbreaking bill, H.B. No. 1598, aimed at establishing a strategic reserve fund $BTC , demonstrating a commitment to fostering innovation in digital assets and enhancing financial security for the state's residents.
Main Content of the Bill
Bitcoin Accumulation: The fund will hold Bitcoin for at least 5 years, with a prohibition on selling, in order to combat inflation and increase the long-term value of the assets.
Strict Management: Bitcoin will be stored in cold storage to ensure safety and not used in international transactions or with illegal entities.
Main Content of the Bill
Bitcoin Accumulation: The fund will hold Bitcoin for at least 5 years, with a prohibition on selling, in order to combat inflation and increase the long-term value of the assets.
Strict Management: Bitcoin will be stored in cold storage to ensure safety and not used in international transactions or with illegal entities.
Texas House Introduces Strategic Bitcoin Reserve Bill
On Thursday, the Texas House of Representatives introduced a measure to create a strategic Bitcoin reserve, incorporating cryptocurrencies into state financial policy.
Strategic Bitcoin Reserve Proposed by Texas Lawmaker
Capriglione introduced the measure at X Spaces, highlighting the potential advantages of a strategic Bitcoin reserve in boosting Texas's economic stability and Bitcoin innovation.
“Probably the biggest enemy of our investments is inflation,” Capriglione said. A strategic bitcoin reserve investment in bitcoin would benefit the state.”
The bill, “An Act Relating to the Establishment of a Bitcoin Reserve within the State Treasury of Texas and the Management of Cryptocurrencies by Governmental Entities,” reflects a growing institutional interest in the market leader.
Expecting New Regulations
Capriglione said, “My goal is to make this bill as big and as broad as possible.” This first move allows some flexibility, but if I obtain backing from other lawmakers, we will strengthen it.”
Following the election of pro-crypto President-elect Donald Trump, the movement for a national strategic BTC reserve has grown.
Besides public backing, President-elect Trump has already taken actions to help the digital asset market, including choosing Paul Atkins to oversee the US Securities and Exchange Commission (SEC), a major turnaround from Gary Gensler's attitude.
The now-47th US President has also appointed David Sacks, another pro-crypto member of his cabinet, as the White House "Crypto Czar" to bridge the gap between Congress, regulators, and the White House on crypto matters.
The possibility of a US Bitcoin reserve has helped BTC prices rise over 45% in recent months as investors expect new regulatory frameworks to boost prices.
The Texas effort was important, according to Satoshi Action Fund CEO and co-founder Dennis Porter:
The Texas ‘Strategic Bitcoin Reserve’ law permits Texans to donate Bitcoin.
#Texas #BitcoinKeyZone #BTCReclaims101K $BTC
On Thursday, the Texas House of Representatives introduced a measure to create a strategic Bitcoin reserve, incorporating cryptocurrencies into state financial policy.
Strategic Bitcoin Reserve Proposed by Texas Lawmaker
Capriglione introduced the measure at X Spaces, highlighting the potential advantages of a strategic Bitcoin reserve in boosting Texas's economic stability and Bitcoin innovation.
“Probably the biggest enemy of our investments is inflation,” Capriglione said. A strategic bitcoin reserve investment in bitcoin would benefit the state.”
The bill, “An Act Relating to the Establishment of a Bitcoin Reserve within the State Treasury of Texas and the Management of Cryptocurrencies by Governmental Entities,” reflects a growing institutional interest in the market leader.
Expecting New Regulations
Capriglione said, “My goal is to make this bill as big and as broad as possible.” This first move allows some flexibility, but if I obtain backing from other lawmakers, we will strengthen it.”
Following the election of pro-crypto President-elect Donald Trump, the movement for a national strategic BTC reserve has grown.
Besides public backing, President-elect Trump has already taken actions to help the digital asset market, including choosing Paul Atkins to oversee the US Securities and Exchange Commission (SEC), a major turnaround from Gary Gensler's attitude.
The now-47th US President has also appointed David Sacks, another pro-crypto member of his cabinet, as the White House "Crypto Czar" to bridge the gap between Congress, regulators, and the White House on crypto matters.
The possibility of a US Bitcoin reserve has helped BTC prices rise over 45% in recent months as investors expect new regulatory frameworks to boost prices.
The Texas effort was important, according to Satoshi Action Fund CEO and co-founder Dennis Porter:
The Texas ‘Strategic Bitcoin Reserve’ law permits Texans to donate Bitcoin.
#Texas #BitcoinKeyZone #BTCReclaims101K $BTC
Bitcoin Sees Huge Surge with Growing Interest from Officials and Global Companies
In an exciting development in the world of digital currencies, Bitcoin has witnessed a remarkable surge in recent weeks, rising by 50% since Donald Trump's victory in the U.S. presidential elections. Meanwhile, Trump has expressed significant plans to engage with the world of digital currencies, stating, "We are going to do something great with crypto!"
Amid these new developments, U.S. Senator Cynthia Lummis remarked that "America must win the Bitcoin race," highlighting the importance of modern financial technology. According to some analysts, such as Tom Lee from FundStrat, Bitcoin is expected to reach $250,000 by 2025.
In another significant move, Giovanni Capriglione, a Texas state representative, introduced a bill to establish a strategic Bitcoin reserve for the state. This initiative comes at a crucial time with increasing interest from institutions and government entities in digital currencies.
On another front, Abu Dhabi saw great success with the first-ever Bitcoin conference, attended by representatives from 90 countries, with 8,000 in-person attendees and more than 1.5 million livestream views.
BlackRock, one of the world's largest asset managers, confirmed that Bitcoin, with a market capitalization of $2 trillion, presents a similar risk profile to major tech stocks like Apple, Amazon, and Tesla. They suggested that allocating 2% to 3% of one's wealth to Bitcoin could be a reasonable strategy.
The news continues with Eric Trump’s statement, where he described his father, the elected president, as the "crypto president" and stated that the U.S. would become the "global crypto capital," with Bitcoin potentially reaching $1 million in the near future.
In another development, Australia's largest pension funds purchased $27 million worth of Bitcoin, becoming the country's first major pension fund to adopt the digital currency.
Sources:
Bloomberg
FundStrat
Australian Financial Review
BlackRock
Eric Trump
#Bitcoin #DigitalCurrencies #CryptoInvestment #Trump #Texas
Amid these new developments, U.S. Senator Cynthia Lummis remarked that "America must win the Bitcoin race," highlighting the importance of modern financial technology. According to some analysts, such as Tom Lee from FundStrat, Bitcoin is expected to reach $250,000 by 2025.
In another significant move, Giovanni Capriglione, a Texas state representative, introduced a bill to establish a strategic Bitcoin reserve for the state. This initiative comes at a crucial time with increasing interest from institutions and government entities in digital currencies.
On another front, Abu Dhabi saw great success with the first-ever Bitcoin conference, attended by representatives from 90 countries, with 8,000 in-person attendees and more than 1.5 million livestream views.
BlackRock, one of the world's largest asset managers, confirmed that Bitcoin, with a market capitalization of $2 trillion, presents a similar risk profile to major tech stocks like Apple, Amazon, and Tesla. They suggested that allocating 2% to 3% of one's wealth to Bitcoin could be a reasonable strategy.
The news continues with Eric Trump’s statement, where he described his father, the elected president, as the "crypto president" and stated that the U.S. would become the "global crypto capital," with Bitcoin potentially reaching $1 million in the near future.
In another development, Australia's largest pension funds purchased $27 million worth of Bitcoin, becoming the country's first major pension fund to adopt the digital currency.
Sources:
Bloomberg
FundStrat
Australian Financial Review
BlackRock
Eric Trump
#Bitcoin #DigitalCurrencies #CryptoInvestment #Trump #Texas
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🇺🇸 Rockdale, Texas Mayor: Mining Benefits Rural Communities
Ward Roddam noted the multi-billion dollar investment in the region, the amount of taxes in local budgets and hundreds of new jobs - all these are the benefits of mining farms.
In addition, miners are actively involved in charity.
#america #texas #mining #newsdaily #newscrypto
In addition, miners are actively involved in charity.
#america #texas #mining #newsdaily #newscrypto