Crypto Kiosks in Texas: The Silent Trap Fueling Massive Financial Losses

The post Why Are “Retail Choice” Electricity Markets More Expensive? appeared on BitcoinEthereumNews.com. CEDAR CREEK, TEXAS – the Bastrop Energy Center Power Plant is seen on December 30, 2024 in Cedar Creek, Texas. (Photo by Brandon Bell/Getty Images) Getty Images Deregulation for American electricity markets was supposed to usher in cheap electricity for consumers. It has not. Far and away, utility customers in regulated electricity markets are paying less for power. The most recent tally for 2024 shows overcharges ranging up to $480 per residential account. In aggregate, Americans in retail choice markets paid almost $4 billion in overcharges to receive the same electrons that everyone else receives. In “Caveat Emptor: America’s $48 Billion Competitive Retail Electricity Bust,” author Laurel Peltier, using data from the U.S. Energy Information Administration, shows cost differentials in service areas where consumers can choose to buy from a chosen retailer or from the incumbent, pr

The post 46 states reach $45 million Cash App settlement with Block over fraud appeared on BitcoinEthereumNews.com. Block (NYSE: XYZ) agreed to pay $45 million and rebuild Cash App’s fraud protections to settle claims from 46 state attorneys general that it misled users about the app’s safety and abandoned fraud victims, the coalition announced Wednesday. The bipartisan group, led by Oregon and Texas, said the payments company assured Cash App’s 56 million-plus users that their money was as safe as it would be in a bank, even as fraud on the platform climbed. New York Attorney General Letitia James, who helped secure the deal, said Block “cared more about profits than protecting its users.” Who gets the money? The $45 million will be shared by the participating states rather than paid to consumers directly. New York takes $1.6 million in penalties, Washington takes $1.8 million, Connecticut collects $1.5 million, while New Jersey gets $892,753, and Massachusetts gets $730,000. Nebraska

The post Texas leads the US in crypto kiosk scams with $56.8 million stolen appeared on BitcoinEthereumNews.com. About 1,200 people in Texas lost a total of $56.8 million last year to scams that used cryptocurrency kiosks. According to FBI complaint data, that’s more than any other state and about twice as much as was stolen in Florida, which came in second. Prosecutors and sheriffs are pushing the state to regulate crypto ATMs that it doesn’t even watch because of the losses. Many of these kiosks, which look like ATMs, can be found in Texas gas stations, grocery stores, and convenience stores. However, no organization keeps track of the exact number. People can put cash into the machines, buy cryptocurrency, and very quickly have it sent to a wallet address. Con artists only care about speed. Once the money arrives, the con artists split it up among many wallets and mix it with clean money. According to the Texas Financial Crimes Intelligence Center, victims have only 36 to 48 hours t

Toyota's reshoring move highlights a shift in global supply chains, impacting capital flows and boosting blockchain's role in supply chain management. The post Toyota’s $3.6B Texas bet signals a reshoring wave that crypto-adjacent supply chain plays should watch appeared first on Crypto Briefing.

The investigation could destabilize Argentina's football governance, impacting financial transparency and trust in sports institutions globally. The post Argentine Football Association under investigation for fraud and money laundering as raids target soccer clubs appeared first on Crypto Briefing.

The post Terawulf and Anthropic Sign 20-Year AI Data Center Lease Worth $19 Billion appeared on BitcoinEthereumNews.com. Key Takeaways Terawulf signed a 20-year Anthropic lease worth about $19B in contracted revenue. Fluidstack will buy Terawulf’s 50.1% Abernathy stake, freeing capital for AI growth. Justified Data targets 401 MW by early 2028, with AI campuses driving future expansion. Terawulf Advances AI Strategy With Anthropic Lease and Texas Asset Sale Terawulf is reshaping its data center strategy around large-scale artificial intelligence (AI) infrastructure, securing a long-term lease with Anthropic while moving to exit a Texas joint venture. The company said it has signed a 20-year lease with Anthropic at its Justified Data campus in Hawesville, Kentucky. The agreement is expected to generate about $19 billion in contracted revenue over the initial lease term. The campus will support about 401 megawatts of critical IT load and will be developed in phases. Initial capacity is e

Terawulf has signed a 20-year AI infrastructure lease with Anthropic, expected to generate about $19 billion in contracted revenue. Terawulf Advances AI Strategy With Anthropic Lease and Texas Asset Sale Terawulf is reshaping its data center strategy around large-scale artificial intelligence (AI) infrastructure, securing a long-term lease with Anthropic while moving to exit a Texas […]

The post AEREDIUM Collaborates With Alba Bay’s $5.4B Development To Explore RWA Payment Infrastructure appeared on BitcoinEthereumNews.com. Austin, Texas, July 7th, 2026, Chainwire AEREDIUM, the blockchain infrastructure company building the security and settlement layer for tokenized assets, today announced that it has joined the Lava Tokenization Sandbox alongside Lava Foundation and Bretagne Holding Limited (BHL). Together, the companies will explore how future tokenized asset infrastructure may interact with both traditional and digital financial systems, using Alba Bay, a large-scale master-planned development in the Dominican Republic, as a real-world innovation framework through which future infrastructure models can be evaluated. As real-world asset (RWA) tokenization accelerates, one challenge continues to slow institutional adoption: payments and settlement. Creating a token is relatively straightforward. Enabling investors to purchase tokenized assets using the currency and