Tag: bitcoin

OBJ Is Getting His Whole Rams Bag in Bitcoin

OBJ Is Getting His Whole Rams Bag in Bitcoin OBJ, who also announced today that he’s expecting his first child with girlfriend Lauren Wood (h/t Buzzfeed), signed a one-year contract with the Los Angeles Rams on Nov. 12 worth as much as $4.25 million after being released from a controversial and unproductive stint with the […]

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‘Financial Colonialism’: A Bitcoin Mine in Navajo Nation Flares Tensions

Just outside of Shiprock, New Mexico, on land belonging to the Navajo Nation, a Bitcoin mine owned and operated by a Canadian investment company consumes seven megawatts of power each month—enough to power 19,600 homes.  The operation is run by a firm called WestBlock Capital and mines between 23 and 25 bitcoins per month, equivalent […]

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Ted Cruz Says Bitcoin Mining Can Fix Texas’ Crumbling Electric Grid

Texas’ energy grid has problems. Those issues were laid bare this past winter when a storm put the state in a deep freeze, causing blackouts for millions and killing hundreds of people. Sen. Ted Cruz told a cryptocurrency conference in Austin last week that he believes the state’s Bitcoin mining boom could repair its floundering […]

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Bitcoin Miner Facing $5.6M Fine for Starting Rogue Power Plant

A Bitcoin miner in Inner Mongolia, China. Image: Bloomberg / Contributor via Getty Images It started with a mysterious humming noise that sounded like a wave “but 100 times more annoying,” according to local reports. Then residents of an estate in Alberta, Canada did some investigating and found out that the weird racket was actually a […]

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Documents Reveal Miami Mayor’s Struggle to Make the City a Bitcoin Utopia

Miami Mayor Francis Suarez speaks at Bitcoin 2021 in Miami. Image: Joe Raedle / Staff via Getty Images Miami Mayor Francis Suarez is a celebrity in the world of cryptocurrencies for his much-publicized efforts to turn the city into a Bitcoin haven. He proposed paying city employees in Bitcoin and allowing citizens to pay taxes with crypto in […]

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