Tag: Ohio

Crypto Fan Won Ohio Senate Primary That Could Alter the Industry’s U.S. Destiny

If Brown loses, it not only changes the leadership of the committee, but it may also change the party with majority status in the Senate. In this session, the Senate has teetered at a 50-50 split that’s broken to the Democrats’ benefit by the vice president. It only takes one seat to shift and grant Republicans the majority, which would also give the party control of all the chairs (and the agendas) of the committees that would need to pass crypto bills. Source

Blockchain Basics Act Introduced in Ohio, South Carolina, and Mississippi

The Blockchain Basics Act, a series of regulations aimed at safeguarding people’s cryptocurrency rights at a state level, has been introduced in three more U.S. states: Ohio, South Carolina, and Mississippi. With this move, similar cryptocurrency regulation has been introduced in seven states and passed in Missouri. Blockchain Basics Act Regulation Reaches Ohio, South Carolina […] Source CryptoX Portal

Arkon Energy Enters U.S. With Ohio Data Center Site Purchase, $26M in Fresh Funding

The company, which uses renewable electricity to mine bitcoin (BTC), also raised $26 million in fresh capital from Sandton Capital Partners, which it intends to use to fund an “aggressive expansion” into North America, according to an announcement shared with CoinDesk on Tuesday. That’s on top of the $28 million it raised in November, when it bought Hydrokraft AS, a renewable energy-based data center in Norway. Source

Mawson Infrastructure Group Expands to New Bitcoin Mining Site in Ohio, Plans to Boost Hashpower by 1 EH/s – Mining Bitcoin News

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Mawson Infrastructure Group announced on Monday that the company has secured a new mining site in Corning, Ohio. The bitcoin mining firm, on May 1, 2023, unveiled its plans to set up its miners at the new location by Q3 of this year, with an aim to raise the operation’s hashpower by 1 exahash per second (EH/s). Bitcoin Miner Mawson Acquires 24 MW in Ohio With Room for Expansion On May 1, 2023, Mawson Infrastructure Group revealed it has signed an agreement for a new site in Ohio. This development…

Unlicensed Cryptocurrency Kiosk Operation Exposed: Ohio Company Accused of Money Laundering and Scams

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More than 50 cryptocurrency kiosks were recently confiscated in Ohio after an inquiry spearheaded by the Cyber Fraud and Money Laundering Task Force of the United States Secret Service. The kiosks were owned by S&P Solutions, which conducted business as America’s Bitcoin, and three executives were charged with participating in an unlicensed cryptocurrency kiosk operation. The corporation is accused of conspiracy, money laundering, and other crimes, media reports said.  According to the prosecutor, romance scammers, robocallers, and law enforcement impersonators exploited the kiosks to extract funds from users’ cryptocurrency wallets…

Ohio Investment Manager Arrested for Allegedly Running a $10M Cryptocurrency Ponzi Scheme

Giri allegedly misled investor by promoting himself as an expert cryptocurrency trader with a specialty in bitcoin derivatives. According to the indictment, Giri falsely promised investors lucrative returns on the money they invested with him, with no risk to principal. In reality, he used funds from previous investors to pay off new investors in a classic Ponzi scheme set-up. Source

Bitcoin-friendly Republican candidate JD Vance wins Ohio Senate primary

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JD Vance has won the Ohio Republican Senate primary election, making him the GOP’s candidate in the highly anticipated Senate race against Democrat Tim Ryan in which both parties are trotting out crypto-friendly candidates. The Guardian reported that Vance may have been pushed to victory on Tuesday by a last-minute endorsement from former President Donald Trump on Apr. 23, helping him beat out presumed front-runner, the former state treasurer Josh Mandel. Both Vance and Mandel are crypto supporters, with Mandel famously tweeting “Ohio must be a pro-God, pro-family, pro-Bitcoin state.”.…