Bitcoin mining is something many environmental activists are against due to the pollution it causes to the environment. However, a new report shows some improvement coming from the BTC mining sector. Apparently, the Bitcoin Mining Council succeeded in using renewable…
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 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…
Arkansas Aims to Regulate Bitcoin Mining with the Data Centers Act of 2023
Arkansas recently joined a growing list of U.S. states regulating Bitcoin mining by passing the Arkansas Data Centers Act of 2023. The bill, now awaiting the governor’s final approval, aims to establish guidelines for miners while safeguarding them from discriminatory…
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…
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…
Layer1, an American start-up raises $50 million from billionaire Peter Thiel for Bitcoin mining in Texas
Layer1, an American start-up plans to build a giant hub for Bitcoin mining in Texas. The company has raised $50 million from billionaire Peter Thiel.
A new Intel blockchain patent proposes to make Bitcoin mining more efficient
Bitcoin mining is a computation-intensive operation that also incurs a high electricity cost. A new Intel blockchain patent proposes to use hardware accelerator to reduce this energy cost.
Report: Iceland Plans to Pump the Brakes on Bitcoin Mining
The tiny European country of Iceland has been a haven for Bitcoin mining, for almost a decade now since the whole crypto craze became a thing. The tiny island nation is sadly planning to slow down crypto mining processes in…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York were presented with divergent narratives regarding his alleged manipulation of the Mango Markets cryptocurrency exchange, resulting in the theft of a staggering $110 million. The…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
