The White House has announced plans to ask crypto miners to pay a premium for energy consumption. President Biden’s proposed budget for the 2024 fiscal year includes a Digital Asset Mining Energy (DAME) tax equal to 30% of the electricity used in cryptomining.
US crypto firms might soon pay taxes for exorbitant energy use
When one year of U.S. Bitcoin mining creates as many carbon emissions as 7.5 million gas-powered cars—we have a problem.'
Haas Formula One And MoneyGram Are The ‘Home Team’ At This Weekend’s Crypto.com Miami Grand Prix
MoneyGram Haas F1 Team is one of only 10 teams competing in the FIA Formula 1 (F1) World Championship, the largest global motorsports series. The team, founded by industrialist Gene Haas, made its debut in in 2016 when it became the first American F1 team since 1986.
Exclusive: Israel Seized Binance Crypto Accounts to ‘Thwart’ Islamic State, Document Shows
Israel's National Bureau for Counter Terror Financing (NBCTF) on Jan. 12 confiscated two Binance accounts and their contents, one of the documents on the NBCTF's website showed. The seizure was to "thwart the activity" of Islamic State and "impair its ability to further its goals," the NBCTF said on its website.
Coinbase stock jumps 8% after the crypto exchange reports smaller than expected loss and an increase in subscription revenue
Coinbase, the largest U.S. crypto exchange, reported a smaller net loss than expected in addition to a major increase in subscription revenue, continuing the firm's rebound after a tumultuous 2022.
Crypto exchange Coinbase posts smaller first-quarter loss
(Reuters) -Cryptocurrency exchange Coinbase Global Inc posted a smaller-than-expected first-quarter loss on Thursday after investors tiptoed back to the strained asset class to hedge their bets ...
Mitsui, Osaka Gas bid for ReNew C&I
Osaka Gas is one of Japan’s largest natural gas importers ... ReNew Energy Global, formed by the merger of ReNew Power and RMG Acquisition Corp. II in August 2021 as part of its IPO, has a portfolio ...
The Legacy of Mt. Gox: Why Bitcoin’s Greatest Hack Still Matters
Hi everyone, I just put up a new Bitcoin exchange,” Jed McCaleb wrote on the Bitcoin forum. “Please let me know what you think.”This was in ...
Bitcoin & Web3: Japan gets innovative as Signuptoken.com turns head
Japan introduced tax regulations for cryptocurrency companies and individuals that profit from taxes in March 2014.
Congress Wants To Learn How Terrorists Use Crypto And How To Stop Them
U.S. lawmakers reintroduced a bi-partisan bill last week that would mandate government studies on how terrorists and criminals are using cryptocurrencies for sanctions evasion, money laundering and ...
Arianna Simpson talks crypto at Disrupt and why a16z bets billions
Investing in crypto is not for the faint of heart. The volatile crypto landscape is littered with the remains of high-profile collapses, like Terraform Labs, Three Arrows Capital and FTX. In May 2022, ...
If You Invested $100 In Bitcoin When The Term ‘Crypto Winter’ Was Coined, Here’s How Much You’d Have Today
The year 2018 was referred to by some as a “crypto winter,” as the value of Bitcoin continued to shrink, eventually bottoming out at around $3,200 in December that year. The market downturn began with ...
Which are the biggest Crypto Ponzi Schemes?
Crypto investment has become an attractive option for investors due to the potential for high returns. Unscrupulous actors are taking advantage of this by luring unsuspecting people into crypto ...
The Morning After: White House proposes a 30 percent tax on electricity used for crypto mining
White House proposes a 30 percent tax on electricity used for crypto mining, ChatGPT scams are the new crypto scams, Meta warns, Watch the first trailer for ‘Dune: Part Two’ ...
Biden Wants to Hit Power-Hungry Crypto Miners With a Big Tax Bill
Crypto miners have become a drain on global resources and may soon see a 30% energy tax hike in the newly proposed DAME tax bill.
Nato’s Asia office adds ‘layer of cooperation’ for Japan but won’t result in its membership
The new liaison office, Nato's first in Asia, will facilitate consultations with Japan and key partners, and is an 'important and positive development' for the country China's foreign ministry notes ...