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This Idahoan became the youngest Bitcoin millionaire at 18. Now he wants to give the Gem State better cell phone coverage. – East Idaho News

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This Idahoan became the youngest Bitcoin millionaire at 18. Now he wants to give the Gem State better cell phone coverage. – East Idaho News


Erik Finman | Courtesy photo. Finman speaks with EastIdahoNews.com reporter Nate Eaton in the video player above.

IDAHO FALLS — He dropped out of high school when he was 15, became the youngest Bitcoin millionaire, started a venture capital fund and has played a pivotal role in new tech companies.

Now Erik Finman, 25, wants the Gem State to have the best cell phone coverage in America as he launches a new company called Idaho Mobile.

“I want to come back to Idaho, a place I truly, tremendously care about, and not only expand phone and internet service but make it really affordable for everyone,” Finman tells EastIdahoNews.com. “The United States is the richest country in the world, and we shouldn’t be having places that have dead spots in Idaho.”

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Hitting big on Bitcoin

Finman was raised in northern Idaho. When he was 12, he and his brother visited the Jefferson Memorial in Washington, D.C., where they witnessed people being arrested for dancing on the memorial steps, which is illegal. One of the men in the group was wearing an orange shirt with a bee on the front that looked like a $1 sign.

“I was like, ‘What’s that?’ and he said, ‘It’s Bitcoin, man. It’s going to end Wall Street, bro,’ and then he ran off,” Finman recalls.

When Finman and his brother returned home, they researched Bitcoin. The price was under $10 at the time, and Finman used the $1,000 his grandmother had given him for college to invest in digital currency.

“It was as easy as buying something off Amazon. I thought it would be a big deal, but you’re not 100% sure if it’s really going to happen,” Finman says. “I spent every day just trying to get more and more Bitcoin and playing the markets. Some kids had sports. Some kids had video games. I had Bitcoin.”

Over the next three years, Finman earned a lot of money, and when he was 15, he dropped out of school and moved to the San Francisco Bay Area. He recalls his parents being “horrified” that their teenage son was quitting his education and leaving Idaho, but he says he was a “teenager on a mission.”

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When he arrived in California, Finman was interviewed by Charlie Rose and appeared on national news programs. He continued to invest, and by the time he was 18, Finman became the youngest person to earn a million dollars off Bitcoin.

“I started a tech company and then sold that tech company. Since then, I’ve kind of been a serial entrepreneur and a little bit of an investor in other cryptocurrencies,” Finman explains.

Launching Idaho Mobile

Finman’s next adventure is bringing him back home in an effort to drastically improve cell phone and internet coverage across the entire state of Idaho.

“Where I grew up in north Idaho, we had just horrible phone internet access. Half the time, we would make a call and it would fail,” Finman says. “I want to fix that problem. Internet is … a place you can search, learn, teach, apply to jobs — you can do anything on the internet. I’ve driven from northern Idaho down to Boise … and there are a million dead spots.”

Rather than building tall towers, Idaho Mobile plans to install “really big backpacks” on existing buildings or poles. Internet and cell phone technology will be contained in the packs that connect with smartphones.

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A photo of the technology Idaho Mobile will use. | Courtesy photo

“The backpacks are the about half the size of a picnic table, and they’re pretty thick,” Finman says.

Idaho Mobile is focusing on installing the technology in northern Idaho first (Finman admits he’s biased) with plans to expand to eastern Idaho next. He hopes the entire state is fully covered by the end of the year.

“In the beginning, we’re doing kind of introductory plan of $11.99 a month. That won’t be there forever — just a way to get people on. I think we make 4 cents on that plan but we want to get people interested and get people trusting us.”

The company also wants to take care of customers in unique circumstances who can’t afford a cell phone plan.

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“I did robotics growing up, and there was one kid on the team who was a super smart guy, but his parents couldn’t even afford power, much less internet,” Finman recalled. “So he biked to school miles and miles every day. He used one of the school laptops and eventually, I think one of the teachers felt bad for him and bought him a laptop that he would just charge at the school. So if you’re in that kind of position … you can apply for Idaho Mobile for free and I would just totally eat the cost of that out of my own wallet.”

Finman hopes Idaho Mobile makes a difference, and he looks forward to what’s next.

“I think I really like doing big things and tackling hard problems. I guess that’s why I’m doing Idaho Mobile today. … I want to tackle hard things and solve hard problems, even if it’s stressful,” Finman says. “This has been about dreaming and doing great things. I kind of have the mindset that anything was possible, and I think I’ve proved everything was possible.”

You can learn more about Idaho Mobile here.

Watch our entire interview with Finman in the video player above.

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Idaho lawmakers introduce bill to phase out state funding for Hispanic Affairs commission

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Idaho lawmakers introduce bill to phase out state funding for Hispanic Affairs commission


BOISE, Idaho — Idaho lawmakers have introduced legislation that would phase out state funding for the Idaho Commission on Hispanic Affairs while keeping the commission in place.

The proposal, introduced by Rep. Jeff Ehlers, would gradually eliminate general fund support for the commission by July 1, 2028. The commission would continue to operate but would need to rely on private funding.

Rep. Ehlers told the House Revenue and Taxation Committee on Thursday that the proposal came from recommendations by Idaho’s DOGE Task Force, which reviewed government programs and spending.

READ MORE | Idaho DOGE Task Force recommends defunding Idaho Commission on Hispanic Affairs

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The bill would also eliminate the commission from a list of organizations eligible for a state income tax charitable contribution credit.

Rep. Steve Berch questioned why the legislation would remove both state funding and the tax credit option, saying it could make it more difficult for the commission to raise money.

“I hate to use this word, but I’m really offended by this specific effort to make it that much more difficult for private citizens to be able to contribute to the Hispanic commission,” Rep. Berch said in committee. “I don’t think this can be justified from a financial point of view, and quite frankly, I don’t think it can be justified from a moral point of view.”

In response, Rep. Jason Monks said that it would be more “offensive” to not allow further discussion of the bill before a final decision is made.

The proposal comes after an earlier attempt this session to eliminate the commission entirely. In January, Rep. Heather Scott presented a draft bill that would have removed all references to the commission from Idaho law and dissolved it by July 1, but that measure failed to advance out of committee.

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The committee ultimately voted on Thursday to introduce the legislation, allowing it to be printed and advanced for further debate.

This story has been, in part, converted to this platform with the assistance of AI. Our editorial team verifies all reporting on all platforms for fairness and accuracy.





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Local woman having ‘closet revival’ with new consignment store – East Idaho News

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Local woman having ‘closet revival’ with new consignment store – East Idaho News


Shanea Fulks is the owner of Seven Sisters Closet Revival, a new consignment store at 260 South Woodruff in Idaho Falls. Take a look inside in the video above. | Rett Nelson, EastIdahoNews.com

Do you want to know what’s happening in the eastern Idaho business scene? We’ve got you covered. Here is a rundown of this week’s business news across the valley.

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IDAHO FALLS

New consignment shop in Idaho Falls offers vintage clothes for customers and booth space for sellers

Clothes on display at Seven Sisters Closet Revival | Rett Nelson, EastIdahoNews.com

IDAHO FALLS – Curating vintage clothing is Shanea Fulks’s passion, and she’s sharing it with the community through a new business venture.

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Seven Sisters Closet Revival opens Saturday at 260 South Woodruff inside Parkwood Plaza in Idaho Falls. It offers racks of vintage clothes for customers and booth space for others to sell their items.

“You get a rack with shelves, and you can come in throughout the week and sell things,” Fulks tells EastIdahoNews.com. “The things you’ll see in the middle of the store are pieces that I have curated. I hand-pick all the things I bring to the store.”

See some of the items in the video above.

Fulks says she’s had multiple people walk in already who are excited about the shop.

The store will have a grand opening this weekend. Fulks is partnering with the Greater Idaho Falls Chamber of Commerce for a ribbon-cutting and open house at noon on Friday. A local band will be performing during the event.

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Then on Saturday, a grand opening celebration will begin at 2 p.m. Several vendors and live entertainment will be available. Fulks says she’s looking forward to interacting with the community.

Fulks has been selling items from her personal collection online for years. After helping a mother and daughter find a formal dress during an interaction at another shop in town several years ago, Fulks says she realized there was a need for a store like this.

After about a year of working with real estate agents, Fulks says the Parkwood Plaza space formerly occupied by a beauty salon called Blush became available, and it was an ideal fit.

“It’s just been a whirlwind and we’re just trying to get it going,” says Fulks.

A rack of sweaters at Seven Sisters Closet Revival | Rett Nelson, EastIdahoNews.com
A rack of sweaters at Seven Sisters Closet Revival | Rett Nelson, EastIdahoNews.com

Fulks’ interest in fashion stems back to childhood. She lost her dad and stepdad to suicide at a young age and grew up in a household that struggled to make ends meet. As a result, she says they bought clothes at Goodwill and other secondhand stores.

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She remembers being made fun of because of the clothes she wore. In time, she learned to embrace her uniqueness and developed an interest in vintage clothes.

“I’ve just always been attracted to old sweaters, military jackets (her dad served in Vietnam),” Fulks says. “I like to help people feel confident wearing something unique, even if it’s not trendy. Be bold and wear whatever you want.”

The idea of making the most of your circumstances and embracing who you are is inspired by her experience with suicide, and it’s reflected in the art that’s on display in her store.

“Part of the theme in my store is ‘Stay. We need you,’” she says.

Art on display at Seven Sisters Closet Revival | Rett Nelson, EastIdahoNews.com
Art on display at Seven Sisters Closet Revival | Rett Nelson, EastIdahoNews.com

The business name refers to her family. She comes from a blended family of six girls and four boys. When she and her husband were married, they had a daughter — the seventh sister.

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Fulks says she’s looking forward to offering great deals to customers. She has two sons with autism who love art, and she wants to host art-themed events for people with special needs. She’d also like to host tea parties and other events in the future.

“I want people to come and feel like they belong,” she says. “I’m going to allow people to do karaoke. When you’re here, I want you to feel like you can have fun.”

Seven Sisters Closet Revival will be open from 10 a.m. to 7 p.m. Monday through Saturday.

IN CASE YOU MISSED IT…

Women’s-only gym offers ‘unintimidating and beginner-friendly’ atmosphere

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Pocatello-based transportation company acquires competitor Yellowstone Transportation

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Gov. Little signs bill ending license plate registration stickers in Idaho

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Gov. Little signs bill ending license plate registration stickers in Idaho


Gov. Brad Little has signed House Bill 533, which would remove the need for license plate stickers on Idaho vehicles.

The legislation, introduced earlier this session by Rep. Jon Weber (R) of Boise, eliminates the requirement for registration stickers on Idaho license plates. Weber stated during the bills intorduction that officers can verify the status of license plates without the stickers, potentially saving the state around $300,000.

During the bill’s introduction, some lawmakers argued that it could increase the workload for law enforcement.

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The new law is set to take effect in July.



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