Texas approves debtor-in-possession financing plan for BTC miner Rhodium

Rhodium filed for Chapter 11 with debts of up to $100M and assets of up to $500M. The debtor-in-possession financing plan is offered by Galaxy Digital. Galaxy Digital offers Rhodium a $30M loan or 500 BTC with a 9.5%-14.5% interest. Rhodium Enterprises, a Texas-based Bitcoin mining firm, has recently garnered significant attention following its Chapter […]

North Carolina approves bill on state study of Bitcoin

The “State Precious Metals Depository Study” bill received bipartisan support and passed 75-38. North Carolina could look into adding Bitcoin to its State Treasury if the bill is passed. In May, the house voted for another bill that seeks to ban CBDCs in the state.  North Carolina’s lower house has passed a bill that could […]