oklahoma

According to The Block, Core Scientific has agreed to acquire Oklahoma-based Bitcoin mining company Polaris DS LLC for $421 million, with the transaction expected to be completed in the third quarter of 2026, pending regulatory approval.This acquisition will add 440 megawatts of contracted power to Core Scientific, aimed at accelerating its expansion in artificial intelligence and high-density computing businesses. The 40-acre campus of Polaris in Muskogee is powered and operational, adjacent to Core Scientific's existing facilities. Core Scientific is transforming and expanding its original Bitcoin mining facilities into a colocation data center focused on artificial intelligence and high-performance computing.

According to market news, Oklahoma lawmaker Dusty Deevers has proposed a bill that allows state government employees, businesses, and individuals to accept Bitcoin payments.

ChainCatcher news, according to News On 6, a new law in Oklahoma, USA, aims to prevent scammers from using cryptocurrency ATMs to steal funds, particularly from the elderly. The law will take effect in November, limiting first-time users to a withdrawal cap of $2,000 within 72 hours, requiring ATMs to be licensed and tracked, and allowing scam victims to seek refunds within 14 days of reporting.Lawmakers and the AARP Oklahoma chapter stated that this law is a step towards protecting local residents from the increasingly rampant digital fraud.

ChainCatcher news, the Oklahoma Senate Tax Committee narrowly voted down House Bill 1203 (also known as the Strategic Bitcoin Reserve Act) by a margin of 6 to 5. The HB1203 bill was introduced by Representative Cody Maynard in January of this year, allowing the Oklahoma State Treasurer to invest in Bitcoin and other qualifying digital assets. The definition of qualifying digital assets is any asset with a market value exceeding $500 billion in the past year. Currently, only Bitcoin meets this threshold. An earlier committee passed the bill overwhelmingly in February with a vote of 12 to 2.

ChainCatcher News, the Federal Bureau of Prisons has announced that Sam Bankman-Fried has been transferred to a transit prison in Oklahoma City. This measure was taken because he participated in an unauthorized remote video interview with Tucker Carlson earlier this month at the Brooklyn Metropolitan Detention Center.SBF has been moved to the Federal Transfer Center in Oklahoma City, beginning the process of transferring him to a permanent prison to serve the remainder of his fraud sentence, with a release date set for November 17, 2044.Previous news, former FTX CEO Sam Bankman-Fried appeared on the Tucker Carlson podcast, but under normal circumstances, media interviews in U.S. federal prisons must be approved, and this interview was not authorized.

ChainCatcher news, according to Bitcoin Laws, the Oklahoma House has voted to pass the Strategic Bitcoin Reserve Act. The bill allows the state to invest 10% of public funds in Bitcoin or any digital asset with a market capitalization exceeding $500 billion.

ChainCatcher news, the Oklahoma House committee has passed the Bitcoin Strategic Reserve Bill, which will go to a full vote in the House.The bill allows the state to invest 10% of public funds in Bitcoin or any digital asset with a market capitalization exceeding $500 billion.

ChainCatcher news, Nasdaq-listed Bitcoin mining company BitFuFu announced that it has signed a final agreement to acquire a Bitcoin mining facility in Oklahoma, with an operational scale of 51MW and a transaction price of $400,000/MW, funded by cash and common stock from BitFuFu's balance sheet.It is reported that with the deployment of the AntMiner S21 series mining machines, the average cash cost of mining one Bitcoin at this site will be as low as $18,000 (excluding depreciation).

ChainCatcher news, BitFuFu plans to acquire a majority stake in a 51 megawatt (MW) Bitcoin mining facility in Oklahoma. The company has signed a letter of intent for the acquisition, and the transaction is expected to be completed in the first half of 2025.The facility is located in an uninhabited area and is fully constructed and operational. Using Bitmain's Antminer S21 Pro equipment, the 51 MW capacity can support an output of approximately 2.9 EH/s in hash rate.

ChainCatcher news, according to Bitcoin Magazine, Oklahoma State Representative Cody Maynard has proposed a bill to establish a Bitcoin strategic reserve in the state.

ChainCatcher news, according to The Block, the U.S. Department of Justice announced on Friday that 35-year-old Oklahoma man Travis Ford pleaded guilty to a charge of conspiracy to commit wire fraud, related to his role in operating a "fraudulent" cryptocurrency investment company, where he served as the co-founder, CEO, and chief trader of Wolf Capital Crypto Trading LLC (referred to as Wolf Capital).The U.S. Department of Justice stated that from January to August 2023, he attracted individuals to invest millions of dollars in the company through promotions, social media posts, and the company website. Ford allegedly claimed that his daily net returns were about 1-2%, or 547% annually, and ultimately raised $9.4 million from approximately 2,800 investors.The Department of Justice argued that Ford used false promises to entice individuals to invest in the company, then used the investors' funds "to profit himself and his accomplices, to the detriment of the investors." Due to this charge, he currently faces a maximum of five years in prison.

ChainCatcher news, according to Bitcoin Magazine, Oklahoma State Senator Dusty Deevers has submitted the "Bitcoin Freedom Act" numbered SB325, which will allow employees in Oklahoma to choose to receive their wages in Bitcoin and allow vendors to accept Bitcoin payments.The SB325 bill ensures that participation is completely voluntary, respects free market principles, and grants employees, employers, and businesses the right to choose the payment method that suits them best. The SB325 bill is eligible for consideration in the 60th legislative session starting on February 3.

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 message, AP reports that Vice President Harris is expected to win Connecticut, Rhode Island, and Massachusetts, while Trump is expected to win Oklahoma, Florida, and Tennessee.

ChainCatcher News, Oklahoma has signed a bill protecting cryptocurrency-related rights, HB 3594. The state legislature's website shows that Governor Kevin Stitt approved the bill on May 13, which will take effect on November 1.Under the new law, the Oklahoma government cannot prohibit, restrict, or impair the use of cryptocurrency in purchases and rights such as self-custody.Additionally, state and local governments cannot impose additional taxes or fees specifically targeting cryptocurrency, and the tax applicable to fiat currency applies, making participation in any type of mining in the state legal to protect local household crypto mining and mining businesses.