While some regulatory agencies and governments are looking to crack down on the cryptocurrency industry, Wyoming is trying to attract it.
State Rep. Tyler Lindholm, a Republican representing the state’s first district, told Cheddar that the state has more than enough energy to support crypto mining.
“We actually only use about 10 percent of the power that we have,” he said during the Thursday interview. “Our wholesale [price for] kilowatt hours is one of the cheapest in the nation. On top of that, It’s diversified. We’ve got wind, we’ve got solar, we’ve got coal, we’ve got gas, and we’ve also got hydro.”
State legislators from both sides of the aisle have put five cryptocurrency-related bills in the pipeline. House Bill 70 is currently awaiting Republican Governor Matt Mead’s signature. If passed into law, it would exempt some crypto assets from securities laws.
State Senator Tara Nethercott (R-District 4) told Cheddar during the interview that Wyoming looks forward to building a partnership with the crypto space.
“I think Wyoming is uniquely situated with the appropriate infrastructure, with the appropriate regulatory environment, the appropriate culture and excitement to be a strong partnership with this particular industry,” she said. “So I have great hope for its future in Wyoming.”
For the full interview, [click here](https://cheddar.com/videos/how-wyoming-is-luring-blockchain-businesses).
Carl "The Moon" Runefelt, a Bitcoin investment expert, recently made a hefty purchase of a $2 million Bugatti sports car at a Dubai dealership. The Swedish crypto evangelist joined Cheddar to talk about how he made the big acquisition of a luxury item he had long had his eye on and why he chose the dealership, The Car Vault, to make the unprecedented transaction. "They accepted crypto directly, and that was important to me," he said. "I am not going to go to any car dealership that don't accept crypto, and that's kind of a principle I have today."
2021 proved that crypto currency is here to stay. This year saw more and more adoptions of crypto, from top athletes looking to be paid in bitcoin, to Elon Musk even experimenting with bitcoin and dogecoin payments for a bit over at Tesla. And it wasn't all bitcoin either - other cryptos like Cardano and Solana saw some action in 2021 as well. Patrick McConlogue, CEO of Overline and former Citadel Investment Group Engineer explains why 2021 was such a good year for crypto, and what to expect in 2022.
2021 saw markets continue to be impacted by the onslaught of the coronavirus pandemic -most recently in the form of the Omicron variant- in addition to the global supply chain shortage, and increased inflation. But it wasn't all bad news, as crypto soared throughout the year, and meme stocks continued to have a moment. With the year coming to a close, investors are keeping an eye out to see if they should expect more of the same in the new year. Chris Vecchio, Senior Analyst, at DailyFX tells us what market trends to be on the watch for in 2022.
2021 proved to be yet another formidable year for Tesla. In a year that saw electric vehicles carve out their own space in the transportation world, the company made further strides, keeping its spot on top even as new companies threatened competition. Tesla was able to hit the trillion dollar valuation mark, increase vehicle deliveries even as the world grappled with supply chain and delivery issues and sign a major deal with Hertz this year. And of course, you can't talk about Tesla without talking about Elon Musk, CEO and founder of the company, richest man in the world and Time Magazine Person of the Year, who saw plenty of successes in 2021 as well. Al Root, Senior Writer at Barron’s, explains just how good a year it was for Tesla.
David Ewalt, Editor-in-Chief at Gizmodo joins Cheddar News to discuss a TikTok moderator suing the platform over mental trauma caused by graphic videos
