Bitcoin News Thebittimes.Com

Just two days after Donald Trump said he would keep 100% of the bitcoin that the US government seized, they have moved $2 billion worth of the leading crypto. Indeed, the transferred BTC was connected to the infamous Silk Road marketplace. Amid his ongoing reelection campaign, Trump has certainly embraced crypto. The 45th President of the US has consistently stated his interest in the asset. Speaking at Bitcoin Conference 2024, he discussed Bitcoin’s importance if he were to win reelection in November. JUST IN: US Government moves $2 billion worth of #Bitcoin to a new address. Two days ago, Donald Trump said he would create a strategic national Bitcoin stockpile and the Government would keep 100% of the Bitcoin it owns, if elected. pic.twitter.com/kSyy4s6peb — Watcher.Guru (@WatcherGuru) July 29, 2024 Also Read: Currency: Why Trump’s US Dollar Devaluation Plan Might Be A Bust? US Moves $2 Billion in Bitcoin Two Days After Trump’s Pro-BTC Speech Speaking in Nashville...

An Earthjustice lawyer said the hearings and discovery process would give Kentuckians a good idea what they would be paying for by subsidizing the facilities. The Kentucky Public Service Commission (PSC) has reportedly opened a formal investigation into two proposed contracts that would offer discounted electricity prices to new crypto-mining operations. According to a Dec. 5 statement from environmental law group Earthjustice, the government department would be looking to determine whether subsidizing crypto mining operations will raise electricity costs for Kentucky residents. The two Mining contract s under investigation include one between Kentucky Power and Ebon International LLC, which runs a 250-megawatt Mining facility in Louisa, as well as Mining company Bitki-KY, which operates a 13-megawatt facility in Waverly, Kentucky. The contract proposes to give discounted electricity rates to the Ebon Facility, while the Bitki-KY has already received a $250,000 tax credit from the sta...