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North Carolina House passes bill to commission study on holding Bitcoin

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North Carolina House passes bill to commission study on holding Bitcoin


A bill that would see North Carolina’s Treasurer study the feasibility and benefits of the state holding Bitcoin (BTC) has passed the lower house of the state’s legislature.

On June 28, the House passed the bill which would commission a $50,000 study to examine “acquiring, securely storing, insuring, and liquidating” both gold bullion and “virtual currency […] such as Bitcoin.”

The study would investigate what impact gold and cryptocurrency holdings would have if North Carolina held part of its funds in crypto and gold.

Specifically, it would research if such holdings would be a hedge against inflation and “systemic credit risks” along with if gold and crypto could reduce volatility and increase returns on its portfolio.

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The bill mulls potentially creating a state-administered depository for crypto that would see North Carolina as the custodian of its virtual asset holdings.

The study would, however, examine the costs and benefits of using a “privately managed depository or another state’s depository.”

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The 120-member House passed the bill with 73 for, 40 against and seven absent.

The bill must pass the Senate before it’s either signed into law or vetoed by Governor Roy Cooper.

Yes, the Secret Service has an NFT collection, and no, it’s not for sale

On May 3, North Carolina’s House unanimously passed a bill that would prohibit payments to the state using a central bank digital currency (CBDC).

The bill stipulated the Federal Reserve would also be barred from using North Carolina to test any future pilot CBDC.

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The day prior, on May 2, a one-year moratorium on crypto mining was passed by the Board of Commissioners for Buncombe County in North Carolina.

Opinion: GOP crypto maxis almost as bad as Dems’ ‘anti-crypto army’





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North Carolina

Tropical Depression Four forms on its way to the Gulf of Mexico

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Tropical Depression Four forms on its way to the Gulf of Mexico


As of the 5 AM update Friday, Tropical Depression Four has formed. Areas along the East Coast including North Carolina need to continue monitoring this system. Winds are at 30 MPH and gusts are up to 40 MPH. The pressure dropped to 1009 mb and is moving to the west at 16 mph. TD 4 is expected to become Tropical Storm Debby over the weekend. Tuesday night and Wednesday are First Alert Weather Days due to the threat to ENC from this system but we may need to adjust the timing as we get closer.

The latest advisory from the National Hurricane Center continues to show ENC in the cone of uncertainty.(WITN)

It’ll move slowly before escaping to the north next week. As it moves up the East Coast, there’s a lot more uncertainty about the track and threats. We expect the track of this system to change through the weekend and even into next week. If ENC sees impacts from this system, they’d likely come mid-week. The longer this system stays over land, the weaker it’ll be. It’ll have the chance to strengthen if it moves back over open water, especially if it moves over the warm waters of the Gulf Stream.

Storms are possible Saturday through Monday as a developing tropical system gets closer.
Storms are possible Saturday through Monday as a developing tropical system gets closer.(WITN)

The speed of this system is just as important as the strength. The quicker it moves through, the less rain piles up. If it slows down or stalls, higher rainfall amounts would be expected. Our river levels have dropped a bit since July’s wet weather, but levels are still higher than what you’d find in a typical August.

What We Know, What We Don't
What We Know, What We Don’t(WITN)

This is a reminder that we are heading into the heart of the hurricane season and to make sure your emergency supplies are ready.

Stay with WITN and WITN.com as we continue to track this system over the coming days and monitor the 2024 Atlantic hurricane season.

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Alabama man on work trip stops to buy $3 quick pick Powerball ticket, wins 6-figure jackpot

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Alabama man on work trip stops to buy  quick pick Powerball ticket, wins 6-figure jackpot



Christopher Baker of Leesburg, Alabama was on a work trip in Hickory, North Carolina, when he thought he’d try his luck on a lotto game. It turned out to be a lucrative Powerball win.

An Alabama man on a work trip in North Carolina bought a $3 Quick Pick Powerball ticket on a whim and walked away with a six-figure windfall.

Christopher Baker of Leesburg in northeastern Alabama bought his lucky ticket in July in Hickory, North Carolina, where had been traveling for work, according to Powerball.

When the numbers were drawn, Baker says he had to do a double-take when he realized he had a $100,000 winning ticket. He had matched four white balls and the red Powerball, which would have been $50,000, but a 2X multiplier doubled the win and the disbelief.

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“I just kept looking at it to make sure I was reading it right,” he laughed, according to Powerball. “I told my family but they didn’t believe me. either.”

Baker, who called his win “a shocker.” said he plans to save his winnings to buy a house.

Baker will take home $71,501 after federal and state taxes are withheld.

How to play the Powerball

In order to purchase a $2 Powerball ticket, you’ll have to visit your local convenience store, gas station or grocery store − and in a handful of states, you can purchase tickets online.

To play, you will need to pick six numbers in total to mark on your ticket. Five numbers will be white balls ranging from numbers 1 to 69. The Powerball is red and one number which is between 1 and 26.

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If you want to increase your chances of winning, you can add a “Power Play” for $1 which increases the winnings for all non-jackpot prizes. This addition can multiply winnings by 2X3X, 4X5X, or 10X.

Players can also ask a cashier for a “Quick Pick” where a cashier will give you a computer generated numbers on a printed Powerball ticket.

Drawings are held on Monday, Wednesday and Saturday nights. If there’s no jackpot winner, the cash prize will increase by millions.

Where to purchase tickets

Tickets can be purchased in person at gas stations, convenience stores and grocery stores. Some airport terminals may also sell lottery tickets.

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You can also order tickets online through Jackpocket, the official digital lottery courier of the USA TODAY Network, in these U.S. states and territories: Arizona, Arkansas, Colorado, Idaho, Massachusetts, Minnesota, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oregon, Puerto Rico, Texas, Washington D.C. and West Virginia. The Jackpocket app allows you to pick your lottery game and numbers, place your order, see your ticket and collect your winnings all using your phone or home computer.

Jackpocket is the official digital lottery courier of the USA TODAY Network. Gannett may earn revenue for audience referrals to Jackpocket services. Must be 18+, 21+ in AZ and 19+ in NE. Not affiliated with any State Lottery. Gambling Problem? Call 1-877-8-HOPE-NY or text HOPENY (467369) (NY); 1-800-327-5050(MA); 1-877-MYLIMIT (OR); 1-800-981-0023 (PR); 1-800-GAMBLER (all others). Visit jackpocket.com/tos for full terms.



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Obituary for Kristie Lee Sturgill Blake at Market Street Chapel

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Obituary for Kristie Lee Sturgill Blake at Market Street Chapel


Kristie Lee Sturgill Blake, 38, of Leland passed away unexpectedly on Sunday, July 28, 2024. Born in Wilmington on August 31, 1985, she was the daughter of David and Virginia Kay Sturgill of Leland and Teresa Artrip Morgan of Virginia. She was the widow of Scott D. Blake who passed



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