The Controversy Surrounding the Digital Asset Mining Energy Tax and Its Impact on the Future of Crypto Mining
The proposed Digital Asset Mining Energy (DAME) tax has stirred controversy in the cryptocurrency industry. Critics argue it could drive mining firms out of the U.S.
Biden’s Proposed Crypto Mining Tax: A Cause for Concern or a Step towards Sustainability?
The Biden administration's proposed tax on crypto mining is generating significant debate within the industry. Will it promote sustainability or drive mining firms out of the country?
Binance Temporarily Halts Bitcoin Withdrawals Due to Congestion
Binance temporarily halted Bitcoin withdrawals twice on Sunday due to blockchain congestion caused by a high volume of pending transactions.
The Rising Cost of Bitcoin Mining and Its Impact on the Crypto Market
The cost of mining a single Bitcoin in the US has surged to $17,000 in 2023, driven by soaring electricity rates. This comes alongside the FDIC's assessment of Signature Bank's collapse due to poor management and risk practices. Meanwhile, the IRS plans to issue crypto tax guidance within the next 12 months, signaling a potential shift in regulatory approaches.
BTC/USD Bounces Back Over $30k as Banking Sector Concerns Spark Renewed Optimism
Bitcoin bounces back, banking fears dispelled!
