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Today in Crypto: Xapo Integrates USDT Payment Rails, Police Reportedly Detains Trust Reserve Core Team, Reserve Bank of India Deputy Governor Recommends All Banks Adopt Blockchain & AI
31.5.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Xapo Integrates USDT Payment Rails, Police Reportedly Detains Trust Reserve Core Team, Reserve Bank...
Crypto Exchange Bybit Granted In-principle Approval to Operate in Kazakhstan
31.5.2023
Cryptocurrency exchange Bybit has received an in-principle approval to work in Kazakhstan, a jurisdiction increasingly seen by crypto companies as a gateway to the former-Soviet space. The trading platform wants to expand its presence in the region and other emerging markets. Bybit on Route...
Bitcoin Mining Set to Hit New Record High – What’s Driving the Surge?
30.5.2023
The Bitcoin mining difficulty is about to be adjusted to a fresh record high, reflecting a continued rise in the number of mining machines competing to secure the network.
According to data presented by CoinWarz.com, the BTC mining difficulty will be lifted from its current level of 49.55 trillion...
Tether Expands: Stablecoin Issuer Announces Sustainable Bitcoin Mining Project in Uruguay
30.5.2023
After announcing its plan to invest 15% of profits into bitcoin, the company Tether Limited has taken another step toward its crypto goals. Tether, the stablecoin issuer, has revealed its latest venture: “sustainable bitcoin mining operations in Uruguay.” Tether has partnered with...
Texas Bill That Would Limit Miners' Participation in Cost-Saving Grid Programs Stopped in House Committee
30.5.2023
The legislation would have capped the industry's participation in demand response programs
Tether moves into Bitcoin mining in Uruguay
30.5.2023
As part of its expansion into mining, Tether cited Uruguay’s capability of generating 94% of its electricity from renewable sources, including wind and solar
What the ‘anti-mining bill’ means for the crypto industry in Texas
30.5.2023
The Lone Star State has become one of the hottest points on the U.S. map in terms of crypto regulation
Tether Plans Bitcoin Mining in Uruguay
30.5.2023
Tether is launching bitcoin mining in Uruguay.
Tether, the company behind the largest stablecoin by market cap, said the move “showcases” its commitment to energy innovation and the future of crypto, in an announcement on Tuesday. ...
Read More: Tether Plans Bitcoin Mining in Uruguay
Stablecoin Issuer Tether Invests in Sustainable Bitcoin Mining in Uruguay
30.5.2023
Tether announced this month to invest a part of its net realized profits in BTC purchases and infrastructure
Bitcoin Mining Difficulty’s Record Setting Streak Shows No Signs of Stopping
30.5.2023
The difficulty of mining bitcoin is poised to set a new all-time high this week as miners continue to deploy new mining machines to cash in on recent spike in revenue
Deal to avoid US debt default nixes proposed 30% crypto mining tax, says Ohio lawmaker
29.5.2023
According to Representative Warren Davidson, legislation to address the U.S. debt ceiling blocks “proposed taxes,” including a 30% tax on electricity used by crypto miners
US Bitcoin Corp to Operate Restructured Mining Division of Celsius, Boosting Hashrate by 12.2 EH/s
29.5.2023
Bitcoin mining company U.S. Bitcoin Corp (USBTC) has announced its intention to employ the mining assets of Celsius, the defunct crypto lender. The development follows the acquisition of application-specific integrated circuit (ASIC) machines from the bankrupt company by the Fahrenheit coalition...
US Debt Ceiling Deal Leaves Out Cryptocurrency Mining Tax, Congressman Confirms
29.5.2023
In a deal by President Joe Biden and Republican House Speaker Kevin McCarthy to raise the US debt ceiling, there is one part notably absent — a tax on cryptocurrency mining.
Over the weekend, Biden and McCarthy closed in on a deal to raise the debt ceiling with a plan to get Congress on board this...
Venezuelan Petro Blockchain Faces Operational Difficulties, Hundreds of Wallets Allegedly Blocked
29.5.2023
The blockchain of the petro, the Venezuelan official cryptocurrency asset, has been facing difficulties, halting on May 24, with block production restarting on May 27 only to stop again on May 28. Asonacrip, a local cryptocurrency association, also reported that hundreds of petro wallets were...
Mining difficulty passes 50 trillion — 5 things to know in Bitcoin this week
29.5.2023
Bitcoin fundamentals are blasting ahead as May comes to an end, while traders remain torn over BTC price strength
US Sen. Lummis Says President Biden Is Picking ‘Winners and Losers’ With Proposed Crypto Mining Tax
27.5.2023
The Biden administration is picking “winners and losers” in a proposal to tax cryptocurrency miners, US Sen. Cynthia Lummis said in a tweet on Thursday.
The Wyoming Republican called Biden’s proposed 30 percent tax a “blatant attempt by the administration to pick winners and losers.”
“I will...
Bitcoin miner Canaan's net loss slightly improved in Q1 amid market turbulence
26.5.2023
Diluted net loss per American depositary share in Q1 2023 stood at $0.51 from $0.55 in the previous quarter
Neuralink gets FDA approval for ‘in-human’ trials of its brain-computer interface
26.5.2023
The Neuralink device is designed to be surgically implanted and, according to CEO Elon Musk, will eventually be marked to the general public
Bitcoin Mining Difficulty Poised to Break 50 Trillion Barrier, May 31 Projection Shows
26.5.2023
Despite an upswing in mining difficulty on May 18, current data projects Bitcoin’s mining difficulty to see a further escalation on May 31, 2023—potentially jumping between 1.1% and 2.51%. Bitcoin’s Difficulty Nears 50 Trillion Milestone Bitcoin’s mining difficulty...
Today in Crypto: Gemini Chooses Ireland for European Headquarters, Coinone Exec Admits to Bribe-for-Listing Charges, Chinese's City Reveals Metaverse Policy Draft to Attract Companies
26.5.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Gemini Chooses Ireland for European Headquarters, Coinone Exec Admits to Bribe-for-Listing Charges...