The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Texas relishing Bitcoin-China fallout; rolls red carpet welcome for migrating miners

News Snapshot:

TL;DR Breakdown – Texas is positioning itself to be the nerve center of [Bitcoin (BTC)mining] in the US. Towards this end, it has passed crypto-friendly laws it hopes will woo investors. – The state sees a boon in China’s continuing onslaught on the crypto industry. It is setting itself up to tap into ‘The Great Miner Migration.’ But it faces stiff competition from states at home. Texas is rolling a red carpet welcome for Bitcoin miners. And in a strange twist of events, it’s getting help from the unlikeliest of places – China. The state is presenting itself as America’s…

Other China Tech Buzz: