louisiana

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Louisiana Senator Compares Modern Banks to ‘Sophisticated Ponzi Schemes’

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Louisiana Republican senator John Kennedy recently stated in an interview published on Wednesday that the U.S. Federal Reserve may need to increase the federal funds rate to 8-10% to address the country’s inflationary pressures. Kennedy’s remarks come after he criticized the Biden administration in mid-March for bailing out Silicon Valley Bank and Signature Bank, emphasizing … Read more

INX Becomes the First SEC-Registered IPO to Accept Crypto

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15th September 2020, New York, United States: INX will start accepting bitcoin (BTC), ether (ETH), and USDC stablecoin, starting today. INX said over 3,000 retail and accredited investors registered for the INX token offering during its first three days. Now that the minimum requirement INX has set to raise the first $7.5 million of its … Read more

4th Amendment Does Not Protect Bitcoin Data, US Fifth Circuit Court Rules

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A Fifth Circuit panel of judges recently ruled that Fourth Amendment rights do not apply to cryptocurrency transaction data that stems from an exchange. The U.S. court ruled against the defendant, Richard Gratkowski, who attempted to leverage the Fourth Amendment in an appeal. According to the ruling of a three-judge panel from the Fifth Circuit … Read more

Second Major Ransomware Attack in Louisiana Causes Significant Problems

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A good ransomware attack can cause significant problems. The city of Louisiana knows that all too well, as its problems have only just begun. The initial Ryuk ransomware attack against the Louisiana infrastructure dates back to November 18. Louisiana is a Ransomware Target Nearly two weeks after being hit, very little progress has been made. … Read more

Florida State Citrus Employee Arrested for Mining Cryptocurrencies

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This week a government employee working for Florida’s Department of Citrus (FDoC) was arrested for purported cryptocurrency mining using the department’s computers. According to the Florida Department of Law Enforcement (FDLE) agents, the IT manager mined BTC, LTC, and other digital currencies. Also Read: Nasdaq-Listed Marathon Begins Bitcoin Mining Operations, Stock Up 32% Mining Cryptocurrency … Read more

New Study Looks at the Cost to Mine BTC Across the Globe

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Just recently the firm Crescent Electric Supply Company conducted a study that showed the cost of mining one single bitcoin in each state in the U.S. Since then the company’s subsidiary business Elite Fixtures took the research further by charting the cost to mine a single bitcoin in each country across the world. Also read: … Read more

Louisiana Attorney General Fires IT Staff for Allegedly Mining Bitcoin

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It appears that the allure of free electricity and computer systems, courtesy of the tax payers, might be too hard for some government workers all over the world to resist. After it was recently revealed that Russian nuclear scientists were arrested for mining bitcoin on the job, now it is reported that American IT staff … Read more