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Fort Worth is mining Bitcoin in City Hall. The Mayor Wants to Transform the Region into a Tech-Friendly City

Fort Worth Is Mining Bitcoin in City Hall, Mayor Wants to Transform Region Into a Tech-Friendly City

On Tuesday Fort Worth mayor Mattie Park and Fort Worth announced that they are now the first U.S. government to mine Bitcoin. The announcement stated that Fort Worth is now partnering with the Texas Blockchain Council in order to begin the crypto mining venture.

The City of Fort Worth Begins to Mine Bitcoins 24/7 With 3 ASIC Machines

Starting today, the city of Fort Worth in Texas is now mining bitcoin 24/7 at the climate-controlled Information Technology Solutions Department Data Center located at Fort Worth City Hall. Mattie Parker, the mayor of Fort Worth, announced the news. Representatives from Fort Worth explained that the miners would be housed privately to reduce security risks.

Fort Worth Is Mining Bitcoin in City Hall, Mayor Wants to Transform Region Into a Tech-Friendly City

Fort Worth stated that the Texas Blockchain Council, a non-profit organization, donated the Bitmain-brand S9 Bitcoin mining machines. The Texas Blockchain Council donated three ASIC rigs. If the city achieves its goals of responsibly assessing, executing, and monitoring a municipal Bitcoin mining program, it will “evaluate” the program.

“With cryptocurrency and blockchain technology revolutionizing the financial world, we want Fort Worth to become a tech-friendly community,” Parker stated in a statement to Bitcoin.com News. “Today, with Texas Blockchain Council’s support, we are stepping into the world of cryptocurrency and blockchain technology on a small scale, while sending a big message: Fort Worth is the place where the future begins .”

Fort Worth’s mayor said:

These small but powerful machines mark Fort Worth’s larger commitment to becoming a leading hub for technology and innovation.

Fort Worth’s Three ASICs Use the Same Energy As a Household Vacuum Cleaner

Fort Worth’s move comes at a time when U.S. bureaucrats and regulators have been concerned about bitcoin mining and some politicians have drafted bills (NY-A. 7389C / S.6486C.) to impose a moratorium on mining. Amid the scrutiny, the crypto mining industry has become far more efficient and has had a lot less impact on the environment during the last 12 months.

A recently published report written by the Bitcoin Mining Council shows that Bitcoin’s electrical consumption during the first quarter of Q1 dropped 25%. According to Forth Worth’s research, the machines will consume the same amount of energy as a household vacuum cleaner .”

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” The program will require minimal energy, which is expected to be offset in part by the bitcoin mined,” Fort Worth’s announcement states. The city explained that keeping the pilot program small allows the city to discover the potential impact and opportunities of bitcoin. Robert Sturns is Fort Worth’s director for economic development. He stated that Texas is a leader in cryptocurrency and blockchain solutions.

“HTMODE_ Texas has been increasingly recognized as a global leader in Bitcoin, blockchain and cryptocurrency, and Fort Worth will be able to have a seat at this table,” Sturns stated during the announcement. “The Fort Worth pioneering spirit is still alive and well, and this program will attract dynamic businesses that share this vision for the future .”

What do you think about Fort Worth Texas mining bitcoin in the City Hall? Please comment below to let us know your thoughts on this topic.

Jamie Redman

Jamie Redman, a journalist and financial tech expert living in Florida, is the News Lead at Bitcoin.com News. Redman has been an active member of the cryptocurrency community since 2011. Redman is passionate about Bitcoin, open-source codes, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services discussed in this article.

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Berachain rises as Greenlane launches $110M treasury strategy: can BERA extend the rally?

Berachain price gained slightly amid news of a first BERA treasury strategy. Greenlane Holdings bet not only fortifies its treasury playbook but may herald a wave of corporate adoption, boosting price. The crypto industry is witnessing an explosion in digital asset treasuries. Berachain price rose as the broader crypto market signalled a slight bounce on…


Berachain BERA

  • Berachain price gained slightly amid news of a first BERA treasury strategy.
  • Greenlane Holdings bet not only fortifies its treasury playbook but may herald a wave of corporate adoption, boosting price.
  • The crypto industry is witnessing an explosion in digital asset treasuries.

Berachain price rose as the broader crypto market signalled a slight bounce on Monday, October 20, 2025, with BERA’s 8% gain largely buoyed by the news that Nasdaq-listed Greenlane Holdings has raised $110 million with eyes on a BERA treasury strategy.

With Berachain’s native token retesting the $2.15 mark amid this key institutional interest development, bulls are likely to target further upward moves. The altcoin gains alongside intraday outperformers like Bio Protocol and Helium.

Greenlane eyes first BERA token treasury

Digital asset treasuries, or DATs, are growing in traction as traditional finance companies increasingly embrace cryptocurrencies.

Tokens such as Ethereum, Ripple’s XRP, Solana and BNB are all boasting major focused-treasury plays across Wall Street. In the small-cap tokens sector, Berachain is the latest to hit the news headlines.

On Monday, Greenlane Holdings, a Florida-based distributor of premium smoking accessories and lifestyle products, announced its raising of $110 million via a private investment in public equity.

Polychain Capital, Blockchain.com, Kraken, North Rock Digital, CitizenX back the initiative.

Berachain Foundation also supports the company’s move as it targets the establishment of the “first and only” BERA digital asset strategy – so far.

Greenlane has outlined that its BERA bet will be via “BeraStrategy,” an inaugural digital asset treasury initiative solely focused on accumulating BERA.

BeraStrategy will execute its token acquisitions via open-market and over-the-counter trades.

“I believe BERA’s key differentiation is its yield source – in contrast to historic PoS chains like Ethereum and Solana, BERA’s yield is fueled by the monetization of its block rewards. I think there’s untapped potential in Berachain’s institutional growth as a whole,” said Ben Isenberg, chief investment officer of BeraStrategy.

What could this mean for Berachain price?

As Greenlane’s BeraStrategy takes shape, market observers are scrutinizing its ripple effects on BERA’s valuation trajectory.

The move across the industry, with tokens like ETH, BNB, XRP and SOL in focus, has helped buoy the upbeat sentiment around these altcoins.

Such an influx of capital and subsequent accumulation will undoubtedly catapult Greenlane to the top public BERA holders list.

Greenlane’s launch marks the beginning of a new era for Berachain, as it expands into the traditional capital markets, and unlocks the potential of Proof of Liquidity for the masses.

— Berachain Foundation 🐻⛓ (@berachain) October 20, 2025

DATs are seen as a major adoption angle for cryptocurrencies and analysts see ongoing accumulation as a potential catalyst for the next bullish phase for certain coins.

Committing $110 million to BERA purchases is a statement and buying these OTC and open markets could add to an upward price momentum.

Broader crypto market sentiment and a successful rollout are two factors bulls will consider in the short term.

In terms of price targets, the $2-4 range provides the first resistance zone, while further gains could bring $8-10 into view.

BERA price reached an all-time high of $14.99 in February 2025. On the flipside, key support areas lie in the $1.6-$1.2 area.

The all-time low is $0.87- reached on October 11, 2025.


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BlackRock brings Bitcoin ETP to UK as regulator opens door for crypto products

ETP mirrors bitcoin price and trades via the London Stock Exchange. UK aims to become a global hub for regulated digital-asset products. FCA allows tokenisation of investment funds using blockchain technology. The investment giant BlackRock has launched its first bitcoin-linked exchange-traded product (ETP) in the United Kingdom, signalling a major step in bridging traditional finance…


BlackRock brings bitcoin ETP to UK as regulator opens door for crypto products

  • ETP mirrors bitcoin price and trades via the London Stock Exchange.
  • UK aims to become a global hub for regulated digital-asset products.
  • FCA allows tokenisation of investment funds using blockchain technology.

The investment giant BlackRock has launched its first bitcoin-linked exchange-traded product (ETP) in the United Kingdom, signalling a major step in bridging traditional finance with the crypto sector.

The move follows the Financial Conduct Authority’s (FCA) decision to ease restrictions on crypto investment vehicles, allowing investors to gain exposure to bitcoin without directly holding it.

The launch not only widens access to digital assets for UK investors but also highlights a growing convergence between global asset managers and regulators in adapting to the evolution of financial markets.

BlackRock’s bitcoin ETP debuts on the London Stock Exchange

The iShares Bitcoin ETP, now listed on the London Stock Exchange, is designed to mirror the price of bitcoin and offer exposure within a regulated structure.

The product allows investors to buy fractions of bitcoin through units starting at about $11, making participation in the asset class more accessible.

Unlike holding bitcoin directly, investors can trade the ETP through standard brokerage accounts, bypassing the complexities of digital wallets or private key management.

The product’s underlying assets are securely held by regulated custodians, ensuring compliance and oversight under the UK’s financial rules.

BlackRock’s UK-listed ETP builds on the firm’s earlier success with its bitcoin exchange-traded fund (ETF) in the United States, which has accumulated over $85 billion in net assets.

It also adds to its European range, complementing listings in Switzerland, Paris, Amsterdam, and Frankfurt.

FCA’s easing of crypto investment restrictions

The launch comes shortly after the FCA lifted its four-year ban on crypto exchange-traded notes (ETNs) on 9 October 2025.

The regulator stated that UK investors could now access such products through approved exchanges, reflecting a broader acceptance of crypto-linked investment options.

The decision marks a turning point for crypto regulation in the UK.

It suggests a shift from outright restrictions to a more measured approach that balances investor protection with innovation.

The FCA’s announcement followed months of consultation with industry players and international regulators.

Expanding opportunities for asset managers and investors

BlackRock’s move is expected to encourage other global asset managers to follow suit, as the UK repositions itself as a hub for financial innovation post-Brexit.

The FCA’s approval has opened the door for firms such as VanEck, DWS, and WisdomTree to explore similar launches.

For retail investors, the product offers exposure to bitcoin’s price movements through a traditional investment wrapper.

It eliminates the need for managing crypto wallets and navigating unregulated exchanges, while allowing investment through familiar platforms.

The regulator’s decision also aligns with the UK Treasury’s ambition to make the country a global centre for digital assets.

It supports ongoing efforts to integrate blockchain into traditional finance, paving the way for tokenised funds and blockchain-based asset management in the future.

Crypto risks and the future of tokenisation in the UK

Despite the easing of rules, the FCA maintained that its ban on crypto derivatives for retail investors will remain.

While the ETP operates under a regulated structure, exposure to Bitcoin still carries the same volatility and market risks associated with the underlying asset.

In parallel, the UK is exploring broader blockchain adoption across financial services.

On 14 October 2025, the FCA announced new provisions allowing asset managers to use distributed ledger technology for fund tokenisation.

The move is intended to foster innovation and efficiency, signalling that the regulator sees long-term potential in blockchain applications beyond cryptocurrencies.

By facilitating regulated access to bitcoin and promoting tokenisation, the UK is gradually laying the groundwork for a digital financial ecosystem where traditional and decentralised finance coexist.

BlackRock’s ETP marks a key milestone in this transition, setting the stage for more institutional crypto products in one of the world’s leading financial markets.


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OKX Completes 3 Years of Reserve Audits With $35.4B in Assets

TLDR

  • OKX completes 36 consecutive months of Proof of Reserves reporting
  • Exchange holds $35.4 billion in primary assets backing customer funds
  • Hacken verifies over 100% coverage across 22 major cryptocurrencies
  • Bitcoin reserves are maintained at a 105% coverage ratio
  • Ethereum and Solana both backed at 102% reserve levels

OKX has completed its 36th consecutive monthly Proof of Reserves report, confirming $35.4 billion in primary assets. The exchange maintains over 100% coverage across 22 major cryptocurrencies, with blockchain security firm Hacken verifying the reserves. This milestone marks three years of continuous PoR reporting, demonstrating a 75% increase in total assets year-over-year.

The cryptocurrency exchange announced the results on October 30 through an official press release. OKX now holds assets that fully back all customer funds on its platform. The verification process covers major cryptocurrencies, including Bitcoin, Ethereum, Solana, Tether, and USD Coin.

OKX Bitcoin Reserves Exceed Customer Balances

OKX holds Bitcoin reserves at a 105% coverage ratio, meaning the exchange has more BTC than customer balances. Ethereum reserves stand at 102%, while Solana maintains the same 102% backing level. These figures demonstrate that OKX keeps excess assets beyond what customers hold on the trading platform.

Stablecoin reserves show strong backing across the board for the exchange. Tether maintains a 106% reserve ratio, which exceeds customer deposits by a substantial margin. USD Coin achieves exactly 100% backing, matching customer balances precisely.

The exchange also backs popular altcoins with full reserves and surplus holdings. Dogecoin maintains a 101% reserve ratio despite its ample circulating supply. Ripple reserves exceed customer balances by 6%, providing an additional layer of security for XRP holders.

Customer engagement with OKX’s audit features has increased substantially over the past year. The ‘View My Audit’ feature saw 123% growth in user participation year-over-year. This trend shows that customers actively monitor their asset security on the platform.

Zero-knowledge verification technology usage exploded by 386% during the same period. Users now utilize advanced cryptographic tools to verify the safety of their assets privately. The dramatic increase indicates that traders take an active role in verifying their holdings.

OKX stated that the program has evolved from a crisis response to an industry standard. “Three years of PoR reporting show progress and consistency,” the exchange said in its announcement. The company emphasized that trust remains verifiable through on-chain transparency for all users.

Traditional Finance Integration Expands

OKX recently extended its partnership with Standard Chartered into the European Economic Area. The collaboration enables institutional clients to trade on OKX while maintaining their assets with the bank. Standard Chartered holds Global Systemically Important Bank status, providing traditional financial security standards.

The partnership merges cryptocurrency exchange liquidity with legacy banking security protocols. Institutional traders can access OKX’s trading platform without moving assets from bank custody. This arrangement bridges the gap between cryptocurrency markets and established financial institutions.

OKX continues to expand its institutional services through traditional banking partnerships. The Standard Chartered collaboration represents the exchange’s push into regulated markets. Third-party custody arrangements provide an additional layer of security for client funds across multiple cryptocurrencies.

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