The US Third Circuit Court has granted Coinbase’s request for a response from the Securities and Exchange Commission (SEC) regarding its rulemaking petition, giving the agency a strict 10-day deadline. Coinbase initially filed a petition in July 2022, urging the…
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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…
Uncovering Bhutan’s Covert Bitcoin Mining Operations
Nestled in the Himalayas, Bhutan has been silently building its own Bitcoin mining operation using the abundant hydroelectric power generated by the region’s glacier-fed rivers. Though discussions around this project have taken place since 2020, it wasn’t until recently that…
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…
Coinbase Remains Strong Despite Regulatory Worries, Launches New International Exchange
Coinbase, the largest crypto exchange in the United States, has announced the launch of a new trading platform for institutional clients outside the US. The new platform, called Coinbase International Exchange, will offer perpetual futures contracts for Bitcoin (BTC) and…
Crypto Finds Strong Support from Members of Congress
The crypto industry has gone through a lot of challenges. The bear market dragged its total market cap from $3 Trillion to around $700 million. To make matters, worst government regulators made it hard for crypto projects to do business…
Chainalysis – Transactions Tied to a Hacktivist Group – Details Uncovered
Chainalysis, a leading blockchain analysis company, has recently uncovered a series of Bitcoin transactions containing hidden OP_RETURN messages, tied to a Russian hacktivist group. By using OP_RETURN, an optional script command in Bitcoin transactions, the group has managed to establish…
Bitcoin is Likely to Retain Value by 2035 – According to ChatGPT
Conor Grogan, a Coinbase executive, used a jailbreak application to bypass ChatGPT’s restrictions. He was able to ask the AI to predict if Bitcoin will lose 99.999% of its value and fade to irrelevancy by 2035. ChapGPT stated that there…
Ohio Man Sentenced in $20 Million Bitcoin Heist: Darknet Cryptocurrency Theft Lands Convict in Prison
Gary James Harmon, a 31-year-old from Cleveland, Ohio, has been sentenced to four years and three months in prison for stealing over 712 Bitcoin from the darknet bitcoin mixer, Helix. The stolen cryptocurrency was subject to forfeiture in a then-pending…
Altcoins at a Glance – Important Updates About DOGE, MATIC, Mastercard, and Venmo
Welcome back to Altcoins at a Glance, your quick shot of Altcoin news. We know your time is precious so combed through the latest news and summarize it for you. Binance Introduces DOGE/TUSD Pair Venmo Users Can Transfer Bitcoin and…