minnesota

ChainCatcher news, according to CoinDesk, St. Cloud Financial Credit Union in Minnesota, USA, announced the launch of the stablecoin Cloud Dollar, which is said to be the first stablecoin launched by a credit union in the United States.The stablecoin was co-developed by Metallicus and DaLandCUSO and will be integrated into the credit union's banking system to provide members with instant, low-cost transactions.

ChainCatcher news, according to Cointelegraph, Minnesota Senator Jeremy Miller has introduced the "Minnesota Bitcoin Bill," which he drafted after a complete shift in his stance on Bitcoin. In a statement on March 18, Miller said, "As I have researched cryptocurrency more and received feedback from an increasing number of voters, I have moved from being highly skeptical to gradually understanding, and then to believing in Bitcoin and other cryptocurrencies."Miller stated that the bill aims to "promote the prosperity of Minnesota" by allowing the Minnesota Investment Board to invest state assets in Bitcoin and other cryptocurrencies, just like traditional assets.According to Miller's bill, Minnesota employees will be able to add Bitcoin and other cryptocurrencies to their retirement accounts. The bill will also allow residents to pay state taxes and fees with Bitcoin. Colorado and Utah have already accepted cryptocurrency for tax payments, while Louisiana allows it for state services. Investment gains from Bitcoin and other cryptocurrencies will also be exempt from state income tax.

ChainCatcher news, according to Cointelegraph, the cryptocurrency payment gateway Alchemy Pay announced that the company has obtained four new Money Transmission Licenses (MTL) in Minnesota, Oklahoma, Oregon, and Wyoming, bringing the total number of Alchemy Pay's state licenses in the U.S. to 8.The latest licenses follow the approval of another license in Arkansas in September 2023, and in Iowa, New Hampshire, and New Mexico in November 2023.

ChainCatcher news, Bitcoin mining hosting provider Revolve Labs plans to establish an artificial intelligence data center in central Minnesota, having previously withdrawn a mining expansion proposal due to community opposition.Revolve Labs held a meeting with the Glencoe Economic Development Authority in September, planning to expand its facilities in the city to accommodate one or two artificial intelligence data centers, along with cooling systems and backup generators. The project is expected to have a capacity of 10 megawatts, employ about 10 staff, and cost between $40 million and $60 million. As part of the Revolve Labs proposal, they intend to purchase two parcels of land totaling 6.2 acres and build a substation for the expansion.Revolve Labs currently operates a Bitcoin mining facility in Glencoe with a capacity of approximately 20 megawatts and a hash rate of 537 PH/s. According to reports from last month, the company had attempted to increase its mining capacity in Winton, Minnesota, but withdrew its application after community opposition due to noise concerns.

ChainCatcher news, Bitcoin mining facility provider Revolve Labs recently announced the withdrawal of its application to build a Bitcoin mining site in the outskirts of Windom, Minnesota. This decision stems from local residents' concerns about noise pollution and its impact on property values.The project was originally expected to bring in $35,000 per month in service fee revenue for the town and was anticipated to stabilize electricity costs over the next three years. However, despite Revolve Labs' assurances that it could control potential noise pollution, residents' concerns remain unresolved.

ChainCatcher news, according to Geckoterminal data, Minnesota Governor Tim Walz's namesake token Tim Walz (WALZ) briefly surged 220% before retreating, currently priced at $0.0000004717, with a 24-hour increase of 255%.Previous news, according to CNN, U.S. Vice President Harris has chosen Minnesota Governor Tim Walz as her running mate.

ChainCatcher news, according to CNN, U.S. Vice President Harris has chosen Minnesota Governor Tim Walz as her running mate.

ChainCatcher news, sources reveal that U.S. Vice President Harris's shortlist for a running mate has narrowed down to Pennsylvania Governor Shapiro and Minnesota Governor Walz. Harris is expected to announce her vice presidential pick before her first rally in Philadelphia on Tuesday evening local time.