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Presidential Election Betting Surges as Odds Tighten on Polymarket


The competition has notably intensified in recent months for the 2024 U.S. presidential election, as indicated by the prediction market platform Polymarket. Just two months ago, former President Donald Trump was ahead with a 52% lead, while incumbent Joe Biden was at 33%. Current figures from...

Joe Biden’s budget plan covers a mining tax and crypto wash trading


An excise tax on cryptocurrency mining has been proposed by the administration of US President Joe Biden in an effort to reduce energy consumption and promote a more environmentally sustainable policy in response to the expansion of digital asset mining. An organization that leases or possesses...

Biden administration considering 30% tax on Bitcoin mining


The Biden administration is considering a 30% excise tax to be levied on bitcoin mining, owing to the industry’s rising energy usage. The other factor is the rise in energy costs for those sharing an electric grid with miners of digital assets. Added to that is the damage to the environment....

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