Carolina – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sun, 08 Jun 2025 11:01:21 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Carolina – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 $10 Billion Amazon AI Project Brings Jobs and Tech to North Carolina https://earlybirdsinvest.com/10-billion-amazon-ai-project-brings-jobs-and-tech-to-north-carolina/ https://earlybirdsinvest.com/10-billion-amazon-ai-project-brings-jobs-and-tech-to-north-carolina/#respond Sun, 08 Jun 2025 11:01:21 +0000 https://earlybirdsinvest.com/10-billion-amazon-ai-project-brings-jobs-and-tech-to-north-carolina/

Amazon is putting $10 billion into building new data centers in Richmond County, North Carolina.

The company stated in a statement that these centers will handle more demanding computing tasks, especially those used for artificial intelligence (AI) and cloud services.

The goal is to give businesses better tools to build and run AI systems through Amazon Web Services (AWS).

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North Carolina Governor Josh Stein said this is one of the biggest investments the state has ever seen. He noted that it will lead to hundreds of new jobs in the area and help the local economy grow.

Amazon expects to create at least 500 jobs with this expansion. The roles will include technical and support positions needed to keep the centers running.

To help prepare people for these jobs, Amazon plans to support education programs. This includes training for technicians at community colleges, science and technology classes in public schools, and programs that teach skills related to broadband networks.

The company also offers support outside of the workplace. It has set up a $150,000 fund for Richmond County to help local programs. The fund will back efforts related to job training, community health, and environmental projects.

On May 29, Amazon announced it had received permission to use content from The New York Times across its AI systems. What did The New York Times CEO say about the partnership? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


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The Republican attempt to steal the North Carolina Supreme Court election, explained https://earlybirdsinvest.com/the-republican-attempt-to-steal-the-north-carolina-supreme-court-election-explained/ https://earlybirdsinvest.com/the-republican-attempt-to-steal-the-north-carolina-supreme-court-election-explained/#respond Wed, 07 May 2025 16:36:24 +0000 https://earlybirdsinvest.com/the-republican-attempt-to-steal-the-north-carolina-supreme-court-election-explained/

Editor’s note: Following a loss in federal court, Judge Jefferson Griffin ended his legal battle to unseat North Carolina Supreme Court Justice Allison Riggs on May 7. The story that follows was originally published April 14.

On Friday, four Republican members of the North Carolina Supreme Court issued an order attempting to disenfranchise more than 5,000 of the state’s voters. This order is part of an ongoing effort by Judge Jefferson Griffin, a Republican and the losing candidate in a recent state supreme court race, to overturn Democratic state Supreme Court Justice Allison Riggs’s reelection in that race.

Four of the state’s Republican justices, in other words, are attempting to unseat one of their own Democratic colleagues and replace her with the Republican who lost his bid to unseat her.

Riggs’s victory over Griffin was very close, which is why canceling several thousand votes may be enough to change the result of this election. By official tallies, Riggs beat Griffin by just 734 votes.

Griffin’s attempt to steal this election closely resembles an even more famous court case about a contested election: Bush v. Gore (2000). Bush addressed the nail-bitingly close 2000 presidential election in Florida. Initial tallies showed Republican George W. Bush with just a 537-vote lead, and whoever prevailed in Florida would also win a term in the White House.

Democrat Al Gore, meanwhile, sought a recount of some Florida ballots in the hopes that this recount would push him over the top. But we’ll never know if Bush or Gore was the proper winner of the 2000 presidential election because the Supreme Court effectively halted that recount in Bush.

The stunning thing about the North Carolina Supreme Court’s recent decision, in a case known as Griffin v. North Carolina State Board of Electors, is that the four Republican justices behind that decision somehow managed to recreate the exact same constitutional violation that drove the Supreme Court to shut down the recount in Bush.

That’s not easy to do. One reason why Bush is widely criticized as a partisan decision is that the five justices in the majority went to great pains to limit their decision to the “present circumstances” before the Court — implying that Bush’s victory was a good-for-this-ride-only decision involving facts that are unlikely to arise again. But now they have arisen in the Griffin case.

The specific legal violation identified in Bush v. Gore was that the Florida Supreme Court ordered just three counties — counties that tended to favor Democrats — to recount their ballots, a problem exacerbated by the fact that each of these three counties used different procedures to conduct this recount. A majority of the justices concluded that this piecemeal procedure was not allowed and the state supreme court had an obligation to “assure uniformity” of election rules throughout the state.

In Griffin, meanwhile, the four Republican justices ordered voters disenfranchised in just four North Carolina counties — all of which favor Democrats — while leaving similarly situated voters in other counties untouched. That’s the exact same thing the Florida Supreme Court did in Bush. A state supreme court cannot apply non-uniform rules after an election has already happened.

For the moment, the state supreme court’s attempt to steal Riggs’s seat is on hold — a federal judge issued a temporary order forbidding the state from certifying the result of the election until after this case is fully litigated in federal court. But under Bush, there’s only one conclusion the federal courts should reach in this case: that North Carolina’s Supreme Court cannot selectively toss out ballots.

Which voters are being disenfranchised?

Griffin primarily involves military and overseas voters who cast their ballot using either an online or paper form permitting them to vote absentee. Though North Carolina state law generally requires voters to show a photo ID before they can vote, the state’s administrative code provides that military and overseas voters are “not required to submit a photocopy of acceptable photo identification” when they cast their ballot.

Indeed, according to lawyers representing several voters the state supreme court is attempting to disenfranchise, it was impossible for military and overseas voters to submit a copy of their ID even if they wanted to. Many of these voters cast their ballot using an online portal maintained by the state, but that portal neither asked voters to provide ID nor “[provided them] with a means of doing so.”

Nevertheless, a majority of the state supreme court ruled on Friday that these voters’ ballots are presumptively invalid because they did not comply with a different provision of state law that requires the state to establish rules governing the use of ID by absentee voters. The state supreme court’s decision does allow these voters to “cure deficiencies arising from lack of photo identification” within 30 days, but it is unclear how this curing process will even work.

The state’s decision to hold an election under one set of rules and then change those rules after the election in just four Democratic counties violates the Constitution in at least two ways.

The first is that several federal appeals courts have ruled against states that attempted to retroactively change their election rules after an election took place. In Griffin v. Burns (1978), for example, the United States Court of Appeals for the First Circuit ruled that the Rhode Island Supreme Court could not toss out a stack of ballots “after the results of the election were in,” pointing to the fact that the state’s top elections official had previously “advertised, issued, and sanctioned” the ballot forms that the state supreme court later tried to invalidate.

The Supreme Court has not yet ruled on whether a state can retroactively change its election procedures, so it is possible that the justices will break with these appeals court decisions.

The second constitutional violation arises under Bush. And because Bush was a decision of the Supreme Court of the United States, its rule clearly should apply to the dispute between Riggs and Griffin.

Under Bush, the North Carolina Supreme Court might have been allowed to disenfranchise military and overseas voters throughout the state. But it cannot disenfranchise these voters in just four Democratic counties while counting military and overseas ballots elsewhere. Again, Bush said state supreme courts must “assure uniformity” when they announce a new election rule after the election has already happened.

The good news for Riggs is that the Fourth Circuit, the appeals court that oversees North Carolina, has a 9-6 Democratic majority among its active judges. So that court is unlikely to tolerate the state supreme court’s violation of the Constitution. It remains to be seen, however, whether the GOP-controlled US Supreme Court decides to get involved in this case. If it does, it is difficult to predict how it might rule.

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North Carolina Approves Bill to Let Public Funds Invest in Crypto https://earlybirdsinvest.com/north-carolina-approves-bill-to-let-public-funds-invest-in-crypto/ https://earlybirdsinvest.com/north-carolina-approves-bill-to-let-public-funds-invest-in-crypto/#respond Fri, 02 May 2025 07:39:21 +0000 https://earlybirdsinvest.com/north-carolina-approves-bill-to-let-public-funds-invest-in-crypto/

North Carolina’s lawmakers have approved a proposal that could allow part of the state’s public funds to be invested in certain cryptocurrencies.

On April 30, the House of Representatives passed the Digital Assets Investment Act (House Bill 92) by a vote of 71 to 44. The bill will advance to the state Senate for further review.

The proposal, introduced in February by Republican House Speaker Destin Hall, would allow the state treasurer to invest up to 5% of North Carolina’s public funds in approved digital assets. However, a third-party review must first confirm that the cryptocurrency holdings will be kept securely and meet risk and regulatory standards.

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New changes to the bill would also allow the treasurer to study whether state employees with retirement plans should be allowed to invest in digital asset exchange-traded products (ETPs).

Additionally, the House also passed the State Investment Modernization Act (House Bill 506) with a vote of 110 to 3. This bill would create the North Carolina Investment Authority (NCIA), which would eventually take over the management of the state’s investments from the treasurer.

According to local news outlet NC Newsline, Treasurer Brad Briner supports both bills. He believes they would give the state more modern and flexible investment options.

Meanwhile, on April 21, Representative Nydia Velázquez of New York introduced a bill called the Fair Taxation of Digital Assets in Puerto Rico. What does it entail? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


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The proposed South Carolina bill will force state treasurers to invest 10% of the state’s funds in Bitcoin https://earlybirdsinvest.com/the-proposed-south-carolina-bill-will-force-state-treasurers-to-invest-10-of-the-states-funds-in-bitcoin/ https://earlybirdsinvest.com/the-proposed-south-carolina-bill-will-force-state-treasurers-to-invest-10-of-the-states-funds-in-bitcoin/#respond Fri, 28 Mar 2025 23:27:26 +0000 https://earlybirdsinvest.com/the-proposed-south-carolina-bill-will-force-state-treasurers-to-invest-10-of-the-states-funds-in-bitcoin/

Yesterday, Rep. Jordan Pace reintroduced Bill H. 4256, the “South Carolina Strategic Digital Asset Reservation Act,” into the South Carolina House of Representatives.

Highlights of the bill include the fact that state accounting will allow up to 10% of the funds under the control of the state to invest in digital assets, including Bitcoin, and that state strategic digital asset reserves could contain up to 1 million Bitcoin.

The bill also states that the reason for establishing such reserves is because inflation erodes the purchasing power of assets held in state funds, and that “bitcoin, decentralized digital assets, and other digital assets provide unique properties that serve as hedges against swelling and economic instability.”

The bill does not specify whether state officials should retain private keys to Bitcoin and other digital assets that accumulate in Bitcoin and other digital assets, but state treasurers can develop policies and protocols to protect protected assets, including third-party contracts to maintain refrigerated or third-party detention. State treasurers can also use third parties to help create, maintain and manage the security of the protected area.

According to the bill, state accountants will be responsible for preparing biennial reports, including the total amount of digital assets held in reserve assets, the US dollar value of those assets, and transactions and expenditures related to reserves since the previous report. State accounts must also publish a preparatory certificate, including public addresses for digital assets held in the reserve on their official website.

Finally, the bill provides that strategic digital asset reserves undergo audits, including investigations into the quality of security of custody solutions. Assessment of compliance with local, state and federal laws. Evaluation of internal controls to mitigate mitigation against cyberattacks and inappropriate management.

According to the bill, independent audits are conducted annually and must be submitted to the relevant oversight committee. Recommendations resulting from independent audits must be addressed within 90 days of the publication of the report, and a follow-up report detailing the corrective action taken must also be provided to the Oversight Committee.

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North Carolina and Minnesota Introduce Legislation to Expand Bitcoin Adoption https://earlybirdsinvest.com/north-carolina-and-minnesota-introduce-legislation-to-expand-bitcoin-adoption/ https://earlybirdsinvest.com/north-carolina-and-minnesota-introduce-legislation-to-expand-bitcoin-adoption/#respond Wed, 19 Mar 2025 20:37:15 +0000 https://earlybirdsinvest.com/north-carolina-and-minnesota-introduce-legislation-to-expand-bitcoin-adoption/

Recently, both North Carolina and Minnesota have introduced legislation aimed at expanding Bitcoin adoption amidst a growing trend among US states to explore cryptocurrency reserves.

In North Carolina, the State Senate has passed SB327, a bill that authorizes the State Treasurer to allocate up to 10% of its public funds into Bitcoin.

North Carolina, Minnesota Explores Bitcoin

According to the update, the bill outlines the important provisions for the management of these funds, such as multi-signature cold storage for custody and monthly audits for proof of reserve, ensuring transparency and security.

Additionally, the bill restricts the sale of Bitcoin to situations of “severe financial crisis,” with strict conditions for such transactions, in a bid to protect the investment while ensuring that the state does not liquidate its Bitcoin holdings prematurely.

Meanwhile, in Minnesota, state Senator Jeremy Miller has introduced the Minnesota Bitcoin Act, which, interestingly, reflected a shift in his stance on cryptocurrency. Initially skeptical, Miller has expressed his evolving belief in the potential of Bitcoin and other cryptocurrencies, particularly after engaging with constituents and conducting further research, according to a statement.

Senator Miller said,

“As I do more research on cryptocurrency and hear from more and more constituents, I’ve gone from being highly skeptical, to learning more about it, to believing in Bitcoin and other cryptocurrencies. I believe global digital currencies are here to stay and it’s inevitable that they become more and more mainstream. Crypto is a versatile digital asset that can be used in multiple ways, including as investments, global currency, or a hedge against inflation.”

The proposed legislation is designed to allow the Minnesota State Board of Investment to include Bitcoin and other cryptocurrencies in its portfolio alongside traditional assets. Additionally, the bill would enable Minnesota state employees to add Bitcoin to their retirement accounts and provide them with more investment options.

The legislation also gives Minnesota residents the ability to pay state taxes and fees using Bitcoin, following the example set by other states like Colorado and Utah, which have already adopted similar measures. To top that, gains from Bitcoin and other cryptocurrencies would be exempt from state income taxes, thereby offering additional incentives for residents to embrace digital assets.

US States Pushing Bitcoin Reserves

This shift in policy reflects broader trends across the country, with 23 states now proposing or having already passed Bitcoin reserve legislation. The push for state involvement in Bitcoin comes on the heels of federal proposals such as Senator Cynthia Lummis’ Strategic Bitcoin Reserve Act, which aims to establish a federal reserve of 1 million Bitcoin.

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Bitcoin Gains Ground: North Carolina Moves To Establish State Reserve https://earlybirdsinvest.com/bitcoin-gains-ground-north-carolina-moves-to-establish-state-reserve/ https://earlybirdsinvest.com/bitcoin-gains-ground-north-carolina-moves-to-establish-state-reserve/#respond Tue, 11 Feb 2025 17:47:54 +0000 https://earlybirdsinvest.com/bitcoin-gains-ground-north-carolina-moves-to-establish-state-reserve/

North Carolina is making a significant stride toward the integration of Bitcoin into its financial strategy. A recently introduced bill aims to enable the state treasurer to allocate a portion of public funds to digital assets, with a particular emphasis on BTC exchange-traded products (ETPs).

North Carolina has become the 20th state in the United States to investigate legislation that pertains to Bitcoin reserves as a result of this action.

10% Of Budget To Bitcoin Investments

The intent of House Bill 92 (HB 92), also known as the “NC Digital Assets Investments Act,” is to empower the state treasurer to allocate up to 10% of state-managed funds into crypto-backed ETPs.

House Speaker Destin Hall, Representatives Mark Brody, and Steve Ross, introduced the measure, which proposes to diversify the state’s investments by incorporating cryptocurrency exposure.

According to Dan Spuller, Blockchain Association chief of Industry Affairs, Hall is “one of NC’s most powerful leaders.”

To provide context, the potential for billions of dollars to enter the digital currency markets if North Carolina were to invest the entire 10% of its eligible funds is significant. This allocation could result in the procurement of tens of thousands of BTC, given that the flagship coin’s current price is approximately $98,000+.

The Growing Influence Of Crypto In State Investments

North Carolina’s action is indicative of a more general trend in the United States, wherein states are increasingly supportive of Bitcoin as an investment-grade asset.

Other states, such as Florida, Utah, and Texas, have either introduced comparable legislation or are currently conducting assessments of crypto investment strategies.

BTCUSD trading at $98,011 on the daily chart: TradingView.com

Some of the main reasons for the growing interest are Bitcoin’s potential to operate as an inflation hedge and its expanding institutional acceptance.

Bitcoin is presently being considered a more viable option for institutional portfolios due to its market capitalization nearing $2 trillion. The passage of HB 92 in North Carolina could further legitimize state-level Bitcoin investments and expedite similar initiatives across the country.

Potential Advantages And Obstacles

Supporters of the measure contend that the allocation of funds to Bitcoin-backed ETPs could generate substantial returns and establish North Carolina as a leader in financial innovation.

Proponents also emphasize crypto’s historical performance, which has experienced an average annual growth rate of over 50% over the past decade.

Nevertheless, not all individuals are in agreement. Critics reference the volatility of Bitcoin, the regulatory uncertainties, and the dangers associated with linking public funds to digital assets. In recent years, BTC has experienced a significant increase, but it has also experienced significant declines, which has raised concerns about financial stability.

Featured image from Gemini Imagen, chart from TradingView

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