Welcome to the world of cryptocurrency! You may have heard about Bitcoin, Ethereum, or other digital currencies that have taken the financial world by storm. But have you ever wondered how these cryptocurrencies are created? That’s where cryptocurrency mining comes…
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Core Scientific seals $77M Bitmain deal for 27K Bitcoin mining rigs
The agreement, which was initially settled in August, involved Bitmain, a cryptocurrency mining hardware manufacturer with a global reputation for its innovative mining equipment, and Core Scientific, a crypto mining company facing bankruptcy due to a series of challenges. This…
Celsius and Core Scientific resolved the dispute with a $45 million deal
Introduction In a significant development within the cryptocurrency mining industry, Celsius and Core Scientific have reached a groundbreaking resolution to their acrimonious dispute. This landmark agreement, valued at $45 million, not only brings an end to the legal battle between…
The Texas Bitcoin Miner Shutdown: A Deep Dive
Introduction In a recent turn of events, the Lone Star State made headlines by paying a staggering $31.7 million to a Bitcoin mining company, Riot Blockchain, to cease its operations in August 2023. This unexpected move has sparked a flurry…
How to Invest in Crypto Without Holding Any Token
Do you want to gain exposure in crypto, but can’t be bothered with the intricacies of holding your wallet and keys? Are you more comfortable trading in traditional markets or exchanges? Don’t worry, we got you covered. Several publicly traded…
Tether Developers to Create a New Bitcoin Mining Software
Paolo Ardoino, the chief technology officer of Bitfinex and Tether, announced on X (Twitter) that the company wants to build a new Bitcoin mining software. According to the CTO, he said the new software will be a game changer in…
US Debt Ceiling Agreement Blocks Proposed 30% Tax on Bitcoin Mining
In a significant development for the cryptocurrency industry, the recent agreement on the US debt ceiling between President Joe Biden and House Speaker Kevin McCarthy appears to have blocked some proposed taxes, including the Digital Asset Mining Energy (DAME) excise…
Crypto Electricity Tax Nixed in Important Debt Ceiling Deal
Crypto miners in the United States can now breathe a sigh of relief as plans by the Biden administration to impose a 30% tax on their electricity consumption have been scrapped in the latest deal to raise the country’s debt…
Crypto Mining Tax Gets Strong Rejection from Presidential Contender
The crypto industry has faced a gauntlet of challenges, and it seems like the ordeal is not yet over. The Biden administration aims to add a thirty percent tax on electricity consumed by crypto miners. This new measure is supposed…
Biden’s administration Advocates for 30% Cryptocurrency Mining Electricity Tax in the US
The White House is seeking to implement a 30% tax on the electricity consumed by cryptocurrency mining in the next federal budget to minimize the industry’s impact on climate change. The president’s Council of Economic Advisers (CEA) highlights the negative…
