Aggregator

New Hampshire Kills Historic $100M Bitcoin Bond Proposal

New Hampshire's Executive Council narrowly rejected a proposal Wednesday that would have authorized a $100 million Bitcoin-backed bond, ending what supporters hoped would make the state a pioneer in digital asset finance, according to Bitcoin Magazine.

The measure failed in a 3-2 vote after reaching its final approval stage, despite receiving a favorable rating review from Moody's and backing from Governor Kelly Ayotte and the New Hampshire Business Finance Authority. Had it moved forward, officials said it would have been the first municipal bond in the world secured by Bitcoin.

The report notes that supporters argued the transaction would not put taxpayers at risk. Instead, it would have connected private investors with a private borrower using Bitcoin as collateral, while allowing the state to collect fees that could fund small business, housing, child care, and economic development initiatives if the deal proved successful.

Skeptics, however, questioned whether New Hampshire should attach its name to a financing structure built around a volatile digital asset. Councilor Karen Liot Hill said she was not opposed to cryptocurrency itself but believed the state should be cautious about endorsing a transaction tied to Bitcoin's price swings.

Business Finance Authority Executive Director James Key-Wallace rejected the idea that Bitcoin remains an "emerging" asset class, arguing it has already established itself in global finance. He also suggested the proposal could have opened the door to similar transactions in the future.

Ayotte, who signed legislation making New Hampshire the first state to authorize a strategic Bitcoin reserve and giving the state treasurer authority to invest in Bitcoin, said pursuing innovative financial structures is worthwhile so long as taxpayers remain protected.

The vote came after Liot Hill unsuccessfully attempted to delay consideration of the proposal. She was joined by Janet Stevens and David Wheeler in opposing the measure, while Joseph Kenney and John Stephen voted in favor.

The decision arrives as Bitcoin and the broader cryptocurrency industry are facing heightened scrutiny. Bitcoin has pulled back from recent highs, while renewed attention has focused on Michael Saylor and Strategy, whose aggressive Bitcoin dividend strategy has drawn increasing debate as the cryptocurrency's price weakens.

That backdrop has put high-profile Bitcoin-related proposals under a brighter spotlight, even as adoption efforts continue at the state and institutional levels.

Tyler Durden Thu, 07/09/2026 - 20:30

A well-known member of the Kelce clan has spoken out about the weeding of her brother-in-law, Travis Kelce, and her new sister-in-law, Taylor Swift. 

As a Knick from 2019-24, Julius Randle helped the team rise from terrible to competitive. He could serve a similar role for the Nets.

A host of “successful” students makes administrators look good — why worry about ensuring students actually learn? Such cheating — by school leaders — is longstanding and rampant across the DOE system.

This one at-bat enabled a catatonic offense to ignite.

Caitlin Clark continues to be at the center of everyone's attention.

The assailant knifed the victim from behind on the steps leading to the Sutter Avenue-Rutland Road station in Brownsville around 9:20 p.m., authorities said.

The viral TikTok clip shows the goon mimicking a gun and threatening to “lay a button."

The accused gunman who stormed into a Las Vegas grocery store and fatally shot his ex-wife and her new husband allegedly tucked custody papers under his ex’s arm after killing her, according to Las Vegas police.

SoCal Education Leaders Stole Nearly $20M From Schools; Report

Authored by Bryan Hyde via American Greatness,

A new report has revealed that a pair of Southern California school leaders separately stole nearly $20 million from their schools in order to fund lavish personal lifestyles.

According to The New York Post, the report was co-authored by the State Financial Officers Foundation, a watchdog made up of state treasurers and auditors, and OpenTheBooks, a nonprofit focused on transparency in government spending.

The cases of the two Southern California educators were among the most expensive examples of K-12 education fraud documented nationwide.

"It's for the kids."

Said every educrat, ever.https://t.co/1XWVRTcWZS

— Scott C. Johnston (@SJohnston60) July 9, 2026

Jorge Armando Contreras, the former fiscal services director for the Magnolia Elementary School District in Orange County, was charged with altering school checks over several years to funnel $16.7 million into his personal accounts.

Contreras was spending the money on everything from a luxury home and a BMW to designer clothes and pricey tequila and federal investigators found stacks of cash stuffed into a mini-fridge and luxury designer bags at his home.

He was sentenced to nearly six years in federal prison in 2024 and order to pay $16.7 million in restitution to the Magnolia School District in Orange County.

Another case highlighted in the report revealed that Janis Bucknor, the head of the Community Preparatory Academy charter school in Los Angeles, stole more than $3 million in taxpayer funds to cover travel, restaurants, shopping and private school tuition for her children.

Bucknor also pleaded guilty to spending more than $220,600 on Disney cruise line vacations, theme park admissions, and other Disney-related expenses.

According to prosecutors, Bucknor admitted in 2020 to stealing the funds, and was sentenced to three years’ probation and ordered to pay $2.5 million in restitution.

In a statement to Fox News Digital, State Financial Officers Foundation CEO OJ Oleka said:

All fraud is harmful, but defrauding education dollars meant to help kids learn and succeed is especially hideous. The findings in this report should alarm every family, teacher, and civic leader.

The California cases were part of nearly 90 cases identified by a coalition of auditors over the past six years involving embezzlement, phony invoices, inflated enrollment, bid-rigging and kickbacks, among other crimes.

The report follows the Trump administration’s promise to crack down on government waste, with Vice President JD Vance leading a nationwide “War on Fraud” that has raised new questions about oversight of federal education spending.

Tyler Durden Thu, 07/09/2026 - 20:05

Another Drag Race alum joins the ranks of Big Brother.

Will Arthur Fery's Cinderella run continue with a win over Alexander Zverev?

“I think it will be simultaneously exciting, boring and terrifying ... Exciting because you’re living on Mars, boring because you’re stuck inside all the time and terrifying because on the other side of your aluminum skinned building is instant death.”

She was 87.

The East Coast's Fourth of July heat wave drove the Potomac River north of Little Falls, Maryland, to a record temperature, contributing to a large fish kill, officials said.

Two Southern California men are among eight people indicted Thursday over an alleged plot to carry out a terrorist attack at the UFC Freedom 250 event held at the White House last month. Bryan O. Roa, 25, of Calimesa, and Michael A. Thomas, 32, of Pinon Hills, were charged alongside six other men in a...

Six hundred and thirty-nine days. That’s how long it had been since Sean Manaea last stayed in a game for seven innings.

Team Trump’s anti-fraud campaigns are setting their sights on work-visa abuse — and not a moment too soon.

Kevin Warsh called for “regime change” at the Fed last year while he was under consideration by the Trump administration to replace former chair Jerome Powell.

A woman with hardcore road rage viciously slashed a man's tire in a Los Angeles road dispute last month, new stunning viral footage revealed.