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…
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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…
Solo Bitcoin Miner Hits the Jackpot with $153,000 Reward
A lucky solo miner has struck gold by solving a Bitcoin block, receiving a reward of 6.25 BTC, or about $153,000. This happened on March 11, 2023, when the anonymous miner mined block 764,133, which was one of the largest…
Revolutionary TeraWulf Launches Nuclear-Powered Bitcoin Mining at the Nautilus Facility in Pennsylvania for 8000 crypto miners
TeraWulf, a leading bitcoin mining company, has announced that it has energized nearly 8,000 bitcoin mining rigs at its Nautilus facility in Pennsylvania. The company has partnered with Energy Harbor to power the facility with nuclear energy, making it one…
Green Revolution in Cryptocurrency Mining: International Energy Agency Proposes Mandatory Carbon Emissions Reporting
Cryptocurrency miners may soon be required to report their carbon emissions as part of a wider push towards greater sustainability in the industry. This article explores the reasons behind the proposed regulation, the potential impact on the mining industry, and…
A hidden cryptocurrency mining operation discovered inside Cohasset school
A former town employee from Cohasset, Massachusetts, named Nadeam Nahas, was scheduled to appear in court on Thursday as a suspect in an alleged cryptocurrency mining operation that was illicitly connected to the electrical system of Cohasset Middle High School.…
Grayscale and Foundry Digital to Offer Bitcoin Mining Product
Grayscale Investments, a major digital currency asset manager, partners with Foundry Digital to introduce a product that gives clients exposure to Bitcoin Mining Equipment. The new partnership led to the creation of Grayscale Digital Infrastructure Opportunities (GDIO) What is GDIO’s…