With the downturn facing the state’s oil and gas industry, North Dakota leaders have elected to court the volatile and burgeoning world of crypto mining and blockchain services. With the recent announcements that separate multimillion dollar projects are in the works from two companies called Bitzero and FX Solutions to build massive mining and server farms in North Dakota, it would seem no one involved has been paying attention to current events.
While the money pumped into the crypto realm over the last two years has captured the attention of the world, recent instability and the resulting collapse in the value of everything from Bitcoin itself to NFTs should give our leaders and taxpayers some hesitation about throwing the state’s lot behind them.
Blockchain technology began as a techno libertarian circumvention of the global financial system, a means of anonymously paying for something digitally, free from scrutiny of a bank or credit card companies. In the years after its...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...