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Beware the CCP - The Takeover of America

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Beware the CCP – The Takeover of America

 May 14, 2023  Action AlertsAgenda 21Arkansas GovernmentArkansas LegislatorsArkansas State SovereigntyBankingCanadaChinaCivil LibertiesEducationEnvironmental IssuesFeaturedGeneral InformationHealthNewsPreserve the ConstitutionProperty Rights

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There is a war raging for America!

Will you stand beside her and help guide her with the light from above?

She’s in a dark place, dear readers…

Does Arkansas or your state know with whom they are dealing? Let’s pay attention and see how the ungodly Communist Chinese operate… with a little help from Satan’s diabolical BlackRock and Arsenal Digital Holdings! Remember, the endgame is to turn our country and other countries over to the evil communist United Nations as the One World Government.

Our land, resources, jobs, incomes, businesses, universities, and laboratories are in jeopardy, and the communists are targeting states that have cheaper land prices and cheaper energy prices. America is being exploited by the Marxists because of her strong economic strength, so the land that we love is being dismembered piece by piece, so she can no longer stand… But wait! She still has a heartbeat because of her belief in God.

This is one of the most lengthy articles we’ve written in a while, but it’s also the most important thus far. Please hang in there as you read this, and be sure as always to click the links.

House China committee holds hearing on Chinese Communist Party’s threat to America — 2/28/23 (video)

House Select Committee on Strategic Competition between the United States and the Chinese Communist Party holds its first hearing to address the CCP’s potential threat to America.

Witnesses testifying at the hearing include two Trump White House officials — former national security adviser H.R. McMaster and former deputy national security adviser Matthew Pottinger. The committee will also hear from Tong Yi, a Chinese human rights advocate, and Scott Paul, president of the Alliance for American Manufacturing.

And you’ve seen this communist before:

Xi Jinping

From Forbes, a profile of Xi Jinping:

  • The leader of the world’s most populated country and second largest economy (GDP), Xi Jinping holds a firm grasp on China’s only political party.
  • In March, China’s parliament amended its constitution, broadening Xi’s power and scrapping term limits.

This is an exceptional article from NPR March 10, 2023: China’s Xi Jinping, as expected, gets 5 more years as state president. From their news story (we borrowed some extra snippets):

BEIJING – China’s rubber-stamp parliament handed leader Xi Jinping a third term as president on Friday, an outcome that has been widely expected since he orchestrated the abolishment of term limits with a constitutional amendment five years ago.

The presidency in China is largely ceremonial; most of Xi’s power flows from his position as leader of the ruling Communist Party and commander-in-chief of the military. But his re-appointment completes a comprehensive power grab that has been gathering pace and highlights Xi’s dominance over the Chinese political system.

Taking an oath of office with his right hand held up in a fist, Xi said he would be loyal to the constitution and the “motherland”, and “work hard to build a prosperous, strong, democratic, civilized, harmonious and beautiful modern socialist country.”

At a Communist Party congress in October, Xi clinched a norm-bending third term as party chief and surrounded himself with loyalists and allies — a victory that surprised many observers, who had expected other factions in the party to be influential enough to retain some representation in the party’s top ranks.

That result was the culmination of a steady and at times ruthless consolidation of power that started after Hu Jintao handed the reins of the party to Xi in 2012.

With the new mandates, analysts say Xi’s reign is set to be rivalled only by those of Chairman Mao Zedong, who ruled for nearly three decades, and Deng Xiaoping, who guided China’s economic opening as paramount leader for around 20 years until his death in 1997.

Did you notice that Xi Jinping ABOLISHED term limits with a constitutional amendment 5 years ago??? Looks like another sycophant with delusions of grandeur…

Here is an article from the FBI entitled “The China Threat” and also a video entitled “Made in Beijing: The Plan for Global Market Domination” from that article. (Be sure to look at the Wanted List at the end of their article to see if you have seen these Chinese Communist operatives.) Corporate America and our politicians are playing with fire dealing with the Chinese government! Get prepared to be burned because they will steal you blind and lie to your face! From the article:

The Chinese government is employing tactics that seek to influence lawmakers and public opinion to achieve policies that are more favorable to China.

At the same time, the Chinese government is seeking to become the world’s greatest superpower through predatory lending and business practices, systematic theft of intellectual property, and brazen cyber intrusions.

China’s efforts target businesses, academic institutions, researchers, lawmakers, and the general public and will require a whole-of-society response. The government and the private sector must commit to working together to better understand and counter the threat.

Warning! Doing business with the Chinese Communists may ruin your business.

See this article: China’s debt cataclysm threatens US real estate projects
.

From left: Oceanwide’s Lu Zhiqiang, Greenland’s Hu Gang, and Vanke Group’s Zhu Jiusheng
(FISF, Wikipedia, Pacific Park, Getty)

From their article:

When Xi Jinping was named China’s paramount leader in 2013, state-owned companies were already pouring into America’s oil, gas and entertainment industries.

But real estate made up a small portion of its foreign investment. Then China loosened domestic policies to allow private companies — which dominated its real estate sector — to invest overseas. They could suddenly lend to foreign subsidiaries without going through rounds of approvals, making it easier to obtain foreign bonds. At the same time, the U.S. property market was recovering from the financial crisis, with buyers writing huge checks for luxury homes in New York and L.A., often before they were built.

Companies unknown to most Americans, such as Greenland USA parent Greenland Group, Oceanwide, Vanke and Anbang Insurance Group, were picking up some of the priciest buildings and development sites in the U.S. In 2014, Greenland acquired a 70 percent stake in Forest City Enterprises’ $5 billion Atlantic Yards project in Brooklyn and planned its $1 billion Metropolis project in L.A.

In the article above, do you see the man in the middle of the picture? Do you recognize that name: Hu Gang? Could this be the same person as mentioned in our previous article entitled Cryptocurrency Players in America That Could Be Tied to the Chinese Communist Party…? He’s listed on the Arkansas Secretary of State’s website as the Register Agent for Green Digital LLC.

And here’s one more informative article: How the Shanghai Govt Bailed Out Greenland Group and More Asia Real Estate Headlines
.

Greenland’s near default didn’t prevent Zhang Yuliang’s re-appointment as chairman last month

So the CCP bailed out their company called Greenland Holdings (Click to see their profile) and it’s in Shanghai, CHINA…
.

image credit.

Shanghai-owned Greenland to emerge as the white knight in Hsin Chong’s financial woes — from South China Morning Post Sept 16, 2018.

Greenland Holdings, 46.4 per cent owned by Shanghai’s government, is in talks to take over control of Hsin Chong and its unit, using them as platforms for fundraising and for bidding for overseas projects along the belt and road plan.

A construction company mostly owned by the Shanghai municipal government is in talks to take over control of one of Hong Kong’s oldest builders, using the listing status of Hsin Chong Group Holdings as the platform for fundraising and for bidding for infrastructure work along

Looking above, it looks like we are dealing with a belt and road company, another Communist China invasion for us to stop here in the U.S.!

Here’s another article from Nov. 10, 2016:  Greenland accelerates push into financial services..

Zhang Yuliang, chairman of Greenland Holdings Group. Photo: Jonathan Wong

The takeover plan would be part of Greenland’s diversification plan as Shanghai’s largest builder diversifies into financial services, infrastructure and the so-called new economy. Greenland has expanded into financial services in Hong Kong and on the mainland since 2016 and has many projects in the US, London and in Australia.

The state-owned conglomerate had 900 billion yuan (US$131 billion) in assets at the end of June.

More on Greenland Holdings:

Two Chinese developers get support from state-owned entities, as Beijing responds to mortgage-boycott crisis with bailout

  • Greenland Holdings says it has obtained loans worth 3 billion yuan from two Shanghai government-backed shareholders

  • China Huarong Asset Management agrees to restructure Yango Longking Group’s debt

We have included numerous articles above so that you can see that China and their CCP operatives are a real threat to our country. They want to dominate the global market! Let’s not forget that Communist China and Russia kicked the Bitcoin miners out.

The Communist Chinese Party (CCP) is controlling more than you think and is working with other global players.

  • Other global players like Warren Buffet are trying to buy smaller water substations in the area of Kimberling City, Missouri.

  • Buffet owns NV Energy and Pacific Corp utilities already, and since his foundation is commingled with Bill Gates, they will ultimately own many more AND the land on which each wind or solar farm is located!

Arkansas residents are speaking out about this and have been threatened by elected local officials not to say the words CHINESE or COMMUNIST CHINESE.

  • One resident was told by a deputy that he was a bigot and this was a warning NOT to say anything about the Chinese

  • By City Attorneys saying that we are discriminating against the Communist Chinese

Secure Arkansas is sending a message to all duped elected officials: don’t even think about playing that race card at such a time as this! Are you kidding? Does that City Attorney know that China IS a National Security risk? Does the deputy who is busy calling people bigots know that? Are you a true American, or have you gone to the RED team?

Moreover, STOP intimidating people! Either help remedy this volatile situation that’s happening in freedom-loving America, or turn to communism and be captive!

Our state, the Natural State, has fallen victim to the hostile Communist Chinese globalists and other powerful global corporations. Some Crypto Mining sites have been traced back to Greenland USA. Crypto mining and wind farms are two Chinese ventures with which people are concerned at this time as they are shrouded in secrecy and have on-site armed guards. Many of these Chinese sites have plans to extend what they already own. This is NOT just about the dreadful noise and the harmful electrical currents but about Communism incrementally taking over our country…

Legislators, it’s going to take everything you can do to unravel this communist mess we are in today. And we need to see that we get/take our American culture, language, and BORDERS back!! The border tsunami is shocking.

Legislators, we need a Special Session called immediately! Arkansas Governor Sarah Huckabee Sanders remains silent on this deadly situation. We are in danger, and we are now vulnerable to the communists. SPEAK UP, GOVERNOR! You say you are a Christian… Prove it. Will you step up and protect the residents of this state, our electrical grid and our land and help resolve the legislative crisis? Will you call on the National Guard to deal with this?

When will HB1799 (now Act 851) and HB1654 (now Act 819) get repealed? WHEN? Who is talking to Senator Jonathan Dismang and Congressman French Hill?

Once again…

The adversarial Red CHINESE Communists have wormed their way into our local communities by throwing around a lot of money and buying land, crypto mining sites, and wind and solar farms. Even our defense supply chains have become dangerously vulnerable to the Communist Chinese.

The Communist Chinese operatives ARE a High National Security Risk! The United States has allowed our populous to become captive to Chinese cartels that control our electronic supplies and technologies, including crypto mining and solar and wind farms with armed guards on site.

Did you know that nearly every element of our technology-based digital smart grid is dependent on Communist Chinese-made components that have shady beginnings or ownership? Our communist adversary has control…

Letting China Purchase US Land Poses An Even Bigger National Security Risk Than You Think  

Chinese entities keep purchasing plots of American land, presenting the Chinese military with a strategic advantage should conflict arise.

The CCP Problem

But what most Americans don’t know is that every Chinese company with 50 or more employees must have a Chinese Communist Party (CCP) official embedded in it. This CCP political officer is a looming presence in any firm hailing from a nation with no rule of law other than what CCP officials say it is.

Legislation Filed to Ban Chinese Communist Party From Buying American Land  

“China is not our friend; they want to dominate us and destroy our way of life; we need to wake up and start acting like it.”

Republican U.S. Rep. Chip Roy of Kerrville filed legislation in the U.S. House of Representatives to protect American real estate from the Chinese Communist Party’s influence.

“There is no reason we should allow one of our greatest adversaries — the Chinese Communist Party – to buy up land in the United States,” said Roy. “If the Soviet Union had been doing this in the [’80s], we’d have recognized the threat. China is not our friend; they want to dominate us and destroy our way of life; we need to wake up and start acting like it.”

Meanwhile, Texas State Sen. Lois Kolkhorst (R–Brenham) has also filed legislation to stop the CCP, North Korea, Iran, and Russia from purchasing Texas land.

This is great news!

Yet, what about Arkansas? Who is watching out for us to ban China from buying our land? Anyone??

Someone needs to step up… Governor? Legislators??

You may recall our previous article: UPDATE on the Meeting in Harrison TODAY 4/25/2023 1:00pm & Dangers of Cryptocurrency Data Mining with Chinese Communist Party.

Here is the Harrison Chamber of Commerce Full Statement on Green Digital, LLC. Jim Holland, Chair of the Harrison Regional Chamber of Commerce Board of Directors.

Here’s a short excerpt:

The Chamber in the past ten (10) months:

  1. Did not promote or encourage Green Digital to buy property in Boone County

  2. Has not provided any business information or consulting to Green Digital that any prospective business would otherwise not receive

  3. Did weigh the economic benefit to the City of Harrison and Boone County from the proposed project’s estimated capital investment ($2,500,000), estimated annual salary impact ($180,000) and estimated annual sales and franchise tax receipts for the City and County ($400,000) against any validated noise or environmental concerns and found them to be acceptable

  4. Has not engaged in any improper or illegal transactions with Green Digital or any other entity regarding this or any other economic development project

Boy, the Chamber was either duped or is lying. Dealing with the Communist Chinese has turned out to be a nightmare.

This is a snip taken from the Secretary of State’s website about Green Digital LLC:

From the address above, we don’t know which part is Suite 1, but here’s a picture of the 3 buildings at the stated address. Click here to see more from realtor.com. It shows that the property was just recently sold on April 5, 2023.

What’s happening to our nation and our state? Why crypto/data mining? There are over 11,000 different forms of cryptocurrency. How is it being used? Just so you know: on January 3, 2009, the “genesis block” of Bitcoin was mined by Satoshi Nakamoto that officially launched the blockchain. The world has been temporarily captivated with curiosity and in a stupor, but sober up because you will lose your digitally-created money in this cunning game scheme. Bitcoin was created after the subprime mortgage crisis of 2008. Think about the timing! Remember, the Chinese Communists will always want to trade in Bitcoin or some form of crypto digital currency.

Satoshi Nakamoto is the pseudonym for whomever penned the original Bitcoin whitepaper and is the identity credited with inventing Bitcoin itself. Several people have claimed or were thought to be Satoshi, but their true identity has never been verified or revealed.

However, Newsweek magazine revealed in a March 2014 article that Satoshi Nakamoto’s real name was Dorian Satoshi Nakamoto and that he was an out-of-work Japanese-American physicist living in California.

The billionaire global elites are preparing for the total collapse of America, including a banking collapse. Internationalism has gotten the money-hungry in trouble.

Please pay special attention to this devious company called Arsenal Digital Holdings below.

Look at Arsenal Digital Holdings, Inc. They are making their malicious move intently:

HOUSTON, TX / ACCESSWIRE / March 29, 2023 / Arsenal Digital Holdings, Inc. (OTC PINK:ADHI), a leading energy technology and infrastructure company, has announced the successful acquisition of Blackrock Midstream, a prominent natural gas and liquids infrastructure company.

See more about Blackrock Midstream here. Looks like they are tied into Environmental, Social and Governance (ESG) commitment which is from the United Nations (UN) Sustainable Development Goals. Under the NWO rules, life as we know it will stop, and we will not come out ahead. Just the Great Reset of the World Economic Forum (WEF).

Arsenal Digital Holdings also supports the climate change ESG hoax. Their ESG Strategy is:

Planned and potential asset holdings are uniquely positioned to capture, store, and reutilize carbon, including both blue and green hydrogen, as a direct power source or for export monetization.

Arsenal Digital Holdings Inc. Company & People | ADHI  Barron’s
https://www.barrons.com › Home Page › Quotes › Ticker

Stock price: ADHI (OTCMKTS) $1.14 +0.14 (+14.00%)
May 12, 4:00 PM EDT – Disclaimer

Founded: 2003

Parent organization: Global Green Solutions, Inc.

Subsidiaries: BlackRock MidstreamVertigro Algae Technologies LLCGlobal Green Solutions Pty LtdGlobal Greensteam LLC

Headquarters: Vancouver, Canada

Arsenal Digital Holdings, Inc. is a development stage company, which develops and implements eco-technology solutions for biomass-derived renewable energy generation. It has developed and owns Greensteam, which is a biomass-to-energy conversion technology that is used for industrial heating purposes and to co-generate electrical power. The company was founded on June 10, 2003 and is headquartered in Houston, TX.

According to Bloomberg, Arsenal Digital Holdings, Inc. establishes financing and implements projects internationally to reduce greenhouse gas emissions and develops green credits for sale in the carbon markets, taking advantage of the mechanisms established under the Kyoto Accord.

This next purchase should concern us, so heads up!

Looks like the Communists have now acquired this Flagship Facility and could prove to be a danger to our country! Just outside of Houston, Texas, the Westland Bunker data center was acquired by Arsenal Digital Holdings — Cryptomining holding firm acquires underground data center in Texas.

image credit

Though it didn’t share the location, the company said the site was a 50-acre operational data center campus comprised of a four-story office building, a two-story subterranean data center, and an additional 100,000 square feet (9,300 sqm) data center facility immediately ready to receive approximately 15MW of power capacity.

Ryan Messer, CEO of Arsenal, said: “Data centers are among the most highly coveted assets in the digital infrastructure space, and we are proud to make this acquisition a foundational asset for the Company as it will be a true flagship location. This property would be difficult to replicate and has significant upside potential. Additionally, we have the team and foundational plan to execute the development plan to create significant value for shareholders.”

So, Arsenal Digital Holdings, formerly Global Green Solutions, is a critical power and digital infrastructure holding company headquartered in Houston, Texas. The company aims to invest in critical power infrastructure for digital asset mining. (Note their name change.) They also own Global Greensteam LLC, founded in 2003 and also headquartered in Houston.

Global Green Solutions Contact Information:
GGRN Shareholder/Investor inquiries can be directed to:

Global Green Solutions, Inc. 949-239-1050   [email protected]

Also, Arsenal Digital Holdings, Inc. (ADHI) Acquires Blackrock Midstream, Bringing Valuable Resources and Expertise to the Company and Future Projects   dated March 2023. From their article:

Arsenal Digital Holdings, Inc. (OTC PINK:ADHI), a leading energy technology and infrastructure company, has announced the successful acquisition of Blackrock Midstream, a prominent natural gas and liquids infrastructure company. This acquisition is a major milestone for Arsenal, unlocking new resources and opportunities to advance its vision of a sustainable energy future, while building from a stable platform of customers and cash flow. Blackrock generated $94 million in revenue in 2022 and is set to achieve similar numbers for 2023.

Blackrock Midstream’s substantial customer base and access to natural gas reserves and infrastructure provide Arsenal with valuable resources to leverage in its efforts to expand its reach and improve its project capabilities. With Blackrock’s proven ability to generate significant revenue, Arsenal is expected to increase its bottom line and achieve greater success in the competitive energy sector.

Furthermore, once OTC Markets has approved the application, Randall Eddington, the Founder of Blackrock, shall be appointed to the Board of Directors as an officer of the company. Eddington brings a wealth of expertise and experience to Arsenal and will play a key role in the company’s growth and success.

AKBB Holdings, LLC. acquired Global Green Solutions Inc.

AKBB Holdings, LLC. acquired Global Green Solutions Inc. (OTCPK:GGRN) on June 22, 2020. Global Green Solutions signed new and revised board resolutions to approve the new direction of the company and will appoint new management. AKBB Holdings, LLC. completed the acquisition of Global Green Solutions Inc. (OTCPK:GGRN) on June 22, 2020.

All news about ARSL DIGIPAR
04/20 Arsenal Digital Holdings, Inc. Announces Management Appointments CI
03/29 Arsenal Digital Holdings, Inc. acquired BlackRock Midstream. CI
2022 Arsenal Digital Holdings, Inc. Secures Agreement to Acquire Large Datacenter Campus in .. CI
2022 Arsenal Digital Holdings, Inc. (ADHI) Secures Agreement to Acquire Large Datacenter Cam.. AQ
2021 Global Green Solutions, Inc. (GGRN) Achieves Pink Status AQ
2021 Global Green Solutions, Inc. Announces Executive Changes CI
2021 Global Green Solutions, Inc. Names Ryan Messer as New CEO NE
2020 Global Green Solutions, Inc. (GGRN) /AKBB Holdings Announces Website Launch and Shareho.. NE
2020 Global Green Solutions, Inc. (GGRN) /AKBB Holdings Announces Shareholder Update NE
2020 AKBB Holdings, LLC. acquired Global Green Solutions Inc.. CI

Most Limited Liability Corporations (LLC) appear to be nothing more than front groups to hide their true identity and to make it harder to find out who is in control. They’re using Registered Agents to camouflage their actual holdings.

Also see one more company, Vigilant Capital aligned with Arsenal Digital Holdings.

So, back to Arkansas — what else is going on here?

Let’s look at this suspicious info about NEWRAYS ONE, LLC from the Arkansas Secretary of State Website:

Name City State Status
NEWRAYS ONE LLC   AR Good Standing
Corporatation Name NEWRAYS ONE LLC
Fictitious Names
Filing # 811390373
FilingType Limited Liability Company
Filing Imder Act Domestic LLC; Act 1041 of 2021
Status Good Standing
Principal Address 1601 WALNUT ST STE 201 CARY, NC 27511
Reg. Agent REGISTERED AGENTS INC
Agent Address 701 SOUTH ST., STE 100 MOUNTAIN HOME, AR 72653
Date Filed 08/25/2022
Officers CHUNHUA ZHAO, Incorporator/Organizer
CHANGHONG CHANGHONG WU, Manager
LI LI LI, Manager
NANNAN CHENG, Incorporator/Organizer
Foreign Name N/A
Foreign Address
State of Origin

Here is the 3-page Quitclaim Deed for Newrays Inc and the location in Faulkner County:

IMPORTANT to notice:

  • The signature is not signed correctly for a corporate deed or a LLC.

  • The notary acknowledgement just has his name – no title.

  • Yizheng Wang is Ethan Wang; seems to be the front guy for Bono Bitcoin Mining, Vilonia and Harrison facilities.

Click here to see the location of the property and parcel boundary in Bono, Arkansas — on a map from county records. (Once you’re on the map, zoom in and out using the + and – buttons on the lower right-hand side of the screen.) Here’s a snip of it; it’s off Highway 285, caddy corner from Bono Baptist Church:

Here’s a Google satellite map of the area. We’ve included it below also:

Shown below is their data card and basic info from the county records:

But…. Newrays is incorporated in Delaware:

At the Harrison Planning Commission last week, a young Chinese man named Ethan Wang stood up for the dangerous crypto mining site there. He is supposed to be tied to Metahash Global…? The business card is not very clear, but this company does not exist, nor does the website. Some of their businesses may not be real either. So, Metahash is not a real company. People have called the number 612-757-7264, but there was no Ethan Wang at the number listed:

Where does Entergy play into all of this? Entergy is Arkansas’ largest energy provider, and evidently, they have made a deal with Chinese Communists concerning our electricity rates… but there would be strings attached. Yes, NOW we have communist strings to unravel and crypto mining sites to shut down! Without everyone being informed and becoming active in this effort to stop the Marxist Globalists, we will see electricity heavily rationed by “the grid operators”, without your consent. They will turn off YOUR electrical supply at your house someday. That’s why they banned gas. That way we will have no power.

We can no longer afford to let the Chinese Communist Crypto sites hook up to our substations and rob us of our power! It’s just a matter of time before our electrical grid crashes because the mining sites are environmentally demanding!

Arkansas Electric Utility to Offer Energy Sweetener to Battered Crypto Miners 

Some snippets:

Entergy, which is the state’s largest power company, will evaluate whether customers qualify for the special tariff based on their power usage and whether they are directly involved in crypto mining. Recipients have to put forward a three-month deposit to secure the rate, as well as further backing in the form of a surety bond or letter of credit. Decrypt has contacted Entergy for further comment.

Arkansas, which enjoys some of the lowest electricity bills in the U.S., has already attracted several major mining operations thanks to both energy prices and cheap land. Local business Cryptic Farms has opened four Bitcoin hubs in the past year across the state,  while companies GMI Computing, United BitEngine, and Juice Tech have all flocked to the northeastern city of Newport.

The Arkansas boom comes at a time of tough conditions for crypto miners, as the perfect storm of low Bitcoin prices and high energy costs puts strain on many businesses.  Last month, Bitcoin miner Bitdeer delayed its $4 billion deal to go public for the third time, as investor appetite for the sector cools. Other companies such as Compute North have been unable to see out the crypto winter and declared bankruptcy.

People have lost their life savings investing in this crypto-gambling scheme! New York recently became the first state to ban certain types of crypto mining… let alone the public outcry against miners and their heavy power consumption.

CEO of Mining Capital Coin Indicted in $62 Million Cryptocurrency Fraud Scheme

From the US Department of Justice May 6, 2022

An indictment was unsealed yesterday charging the CEO of Mining Capital Coin (MCC), a purported cryptocurrency mining and investment platform, for allegedly orchestrating a $62 million global investment fraud scheme.

And consider this also: will the failure of FTX show people they’d better not be investing in Bitcoin? Read more about that below.

FTX Spells Discomfort for Arkansas Bitcoin Miners

Monday, Dec. 12, 2022   4 min read

There are other mining sites in Arkansas in Malvern, Greenbrier, Russellville, and Mountain Pine owned by Cameron Baker, founder and owner of Cryptic Farms.

In 2019, Bitcoin’s price was down 75%, and with the multibillion-dollar collapse of the FTX crypto exchange, another crypto crash could happen, dear reader.

The article says:

However, bitcoin mining entrepreneurs in Arkansas caution against overreacting. “Most crypto miners have no direct exposure to currency exchanges,” entrepreneur Frederick Huang told Arkansas Business. He and Alex Yeh lead GMI Computing, one of three companies that have made Newport a hub for bitcoin mining in Arkansas. “Miners store their bitcoin reserve in custody or in cold wallets,” he said, not in the hands of operators like the glib Sam Bankman-Fried, who presided over FTX until its bankruptcy pushed the emerging industry to the brink of a 2008-style financial crisis.

Public Trust

“It’s concerning,” Baker said of FTX, “because it affects not just the public trust in the industry we’re working with, but also our ability to go out to the market and sell our produced goods for discounted rates. That’s where the mining sector is going to see the most pain.”

Cryptic Farms was also instrumental in organizing the first industry group in the state for cryptocurrency miners, the Arkansas Blockchain Council, which Harford said has elected a board of directors and will hold its first meeting soon.

Tom Harford (above) is the organizer of Arkansas Blockchain Council — to be covered in a future article.

And unfortunately, Bitcoin is a good place to launder money! The goal of money laundering in cryptocurrency is to move funds to addresses where its original criminal source can’t be detected. Crypto money laundering rises 30%, report finds.

Criminals laundered $8.6 [BILLION] of cryptocurrency in 2021, up by 30% from the previous year, a report by blockchain data company Chainalysis says.

In closing, the United States has been Shanghai-ed!  City, County and State governments have been bamboozled via the Chinese Green Smart Cities!  See Green Cities in China. Taxpayers will be on the hook for trillions of dollars if this isn’t stopped.

.As always, you can find our email articles posted on our website: SecureArkansas.com.  The Search box is a handy tool.

For more information about a topic, just type it into the Search box on our website, and click Enter!

Securing the blessings of liberty,

Secure Arkansas
securetherepublic.com/arkansas
[email protected]


Disclaimer:

Legal Advice is Not Provided

The material in our emails/alerts and on our websites is only intended to provide general information and comment to the public. We make an effort to ensure that the information found in our emails/alerts and on our websites is accurate and timely, but we can’t and don’t guarantee that. Nor do we guarantee the accuracy or timeliness of any information contained on websites to which our websites or emails provide links.

Information found in our emails/alerts and on our websites should not be taken as legal advice. Legal matters can be complicated. For assistance with a specific legal problem or question, please contact a knowledgeable lawyer for assistance.



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