Crypto Mining in the Crosshairs: Biden’s Proposed 30% Tax
The White House is urging Congress to impose a tax of 30% on cryptocurrency miners because of the amount of electricity they use. This proposed tax is part of the upcoming federal budget plan. According to a blog post posted on
Bitcoin Mining Firms Expand Mining Operations
Learn About Crypto Despite the recession across the cryptocurrency market, Bitcoin miners continue to accumulate more holdings. Additionally, these mining companies have continued to expand their operations in 2022. A recent report from Arcane Research stated that the Bitcoin mining firms that
EU Propose Ban on Proof-of-Work Cryptos
Lawmakers in Europe are planning to target crypto’s using proof-of-work mining, which could result in a ban on proof-of-work cryptocurrency mining across the 27 countries that make up the European Union. This move comes amid concerns over the associated energy
Bitfarms Buys Another 1000 Bitcoin During Dip
Bitfarms, a leading Bitcoin mining company based in Canada, has announced the addition of another 1000 BTC. The company bought the additional Bitcoin during the price dip that happened during the first week of 2022. The recent purchase comes as the
U.S. Leads Global Bitcoin Hashrate
After China’s crackdown on cryptocurrencies, North America became an ideal location for migrating miners because of the region’s abundance of renewable energy sources. The U.S. has now become the leading country in regards to the Bitcoin mining hashrate. The Cambridge Bitcoin
F2Pool No Longer Allowing Chinese Miners
https://twitter.com/btcinchina/status/1442515665806508039 The fallout from the latest round of Chinese FUD continues as F2Pool, one of the largest Bitcoin mining pools, has announced that it will no longer accept the participation of Chinese miners. According to the announcement, the existing Chinese miners on
China Based Ethereum Mining Pool Set To Shut Down
SparkPool, the second-largest Ethereum mining pool globally, has announced the suspension of its operations. The announcement comes after a fresh wave of Chinese crackdowns on the crypto market. SparkPool was created in 2018 and it contributes to 22% of Ethereum's mining
Saudi Aramco Dismisses Reports on Bitcoin Mining Plans
Saudi Aramco has denied claims of being involved in bitcoin mining activities. The oil-exporting company has been actively involved in blockchain projects, fueling rumors that it could be partaking in bitcoin mining. In a recent statement, Saudi Aramco said; “With reference to
Bitcoin Hashrate Hits 8 Month Low Amid China Crackdown
China’s crackdown on mining operations seems to have negatively impacted the prices of Bitcoin and the broader crypto market. The crackdown has also led to a drop in Bitcoin’s hashrate and after several mining companies halted their operations in the country,
Bixin Spends $66 Million Worth of Bitcoin in Funds of Funds
One of China's biggest cryptocurrency miners and custody operators, Bixin, has dedicated about 6600 Bitcoin, valued at about $66 Million to a proprietary Funds of Funds. The development is coming shortly before the Bitcoin halving, as different stakeholders in the industry