Revised Bill Suggests Prison Time for Russian Crypto Miners Evading Taxation
A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the state. In...
Biden Budget Proposal Targets Crypto Investors Using Like-Kind Exchange Provision; Plan Aims to Tax...
On Thursday, the Biden administration released the U.S. president’s 182-page budget proposal for the fiscal year 2024, which aims to “grow the economy from...
Crypto Mining Firms Targeted: U.S. Treasury Proposes 30% Tax on Electricity Costs
Crypto mining firms based in the United States could be subject to a 30% tax on electricity costs under a new budget proposal aimed...
Expert Warns of Possible Deflationary Depression as Money Supply Contracts: ‘Pay Attention to QT...
During the Covid-19 pandemic, central banks such as the U.S. Federal Reserve loosened fiscal and monetary policy. Now, these same financial institutions are seemingly...
Compass Mining Alerts Bitcoin Miners of Changes in Bitmain’s ASIC Design
Compass Mining, a bitcoin mining firm, published a blog post stating that Bitmain, the company behind the application-specific integrated circuit (ASIC) mining rig, has...
Silver Proponent Predicts Medium-to-Long-Term Prices of $125 Per Ounce Thanks to Auto Industry
Silver prices have been hovering just below the $21 per troy ounce mark over the last 24 hours, after jumping above the $24 range...
Terawulf Energizes First Nuclear-Powered Bitcoin Mining Facility in the US, Plans to Expand Operations
Terawulf, a bitcoin mining operation, has announced that it has energized the first nuclear-powered bitcoin mining facility in the United States at the company’s...
While Bitcoin’s Hashrate Remains Sky-High, Merge-Mined Crypto Asset Networks Benefit
In recent times, Bitcoin’s hashrate has been consistently above 300 exahash per second (EH/s) as multiple mining pools dedicate significant hashpower to the Bitcoin...
Bitcoin Miners Prepare for Upcoming Difficulty Increase in the Face of Market Uncertainty
Struggling minersAs a direct result of the increase in difficulty, miners will necessarily get their margins squeezed even more. Not surprisingly, this could be...
US Sentences Man to 3 Years in Prison for Defrauding Investors in Crypto Mining...
A U.S. district judge has sentenced a man to three years in prison in a fraudulent cryptocurrency mining scheme. The defendant “misappropriated his victims’...