Cryptocurrency Mining
- All
- News
- Videos
- Web Stories
-
Russia Approves Tax Bill on Cryptocurrency Transactions Amid BTC Boom: Details
Recently, the Federation Council, the Upper House of the Russian Parliament, approved a new bill that outlines the taxation framework for cryptocurrencies. This bill classifies virtual digital currencies as property.
-
TSMC Said to Suspend Shipments to China Firm After Chip Found on Huawei AI Processor
TSMC is said to have halted shipments to the China-based company Sophgo following the discovery of its chip in a Huawei AI processor. Huawei faces restrictions on purchasing such technology to safeguard U.S. national security. The means by which the chip was incorporated into the Huawei product remains undetermined by Reuters.
-
US Airbnb Host Hit With Rs 1.25 Lakh Electricity Bill After Guests Mine Rs 84 Lakh In Crypto
An Airbnb host in the US was forced to add 'no cryptocurrency mining' to the list of instructions after a bizarre guest experience.
-
IMF Says Crypto Industry's Carbon Footprint Rising; Officials Mull Tax Surge to Curb Emissions
IMF officials have raised concerns about the crypto sector's carbon emissions and are considering whether a tax increase on crypto mining could help reduce its carbon footprint. In a blog post, the officials suggested that an 85 percent tax hike on power usage by crypto miners could potentially cut the sector's annual emissions by an estimated 100 ...
-
BWA Anticipates Tax Revisions Before Union Budget, Commends Indian Firms Embracing Web3
Ahead of India’s upcoming Union Budget for FY2024-2025, Dilip Chenoy, the chairperson of this Web3 advisory body, said that the industry is ready to be patient and give the government enough time to access the results of imposing crypto taxes. This period of wait however, has concerned the BWA about the exodus of Web3 talent from India.
-
Louisiana Joins Growing List of US States that Support Crypto Mining
Riding on the crypto wave, several states in the US have started inviting businesses related to crypto mining. In the latest development, the governor of Louisiana has signed a bill to foster the growth of businesses related to crypto mining activities in the state.
-
Jack Dorsey-Backed Bitcoin Miner ‘Ocean’ Moves Headquarters to El Salvador
Ocean, a Bitcoin mining pool backed by Jack Dorsey, has established its global headquarters in El Salvador. In the coming months, Ocean plans to bring awareness and training programmes around Bitcoin to the Salvadoran citizens.
-
Crypto Mining Banned in Venezuela, Thousands of Machines Seized
The government of Venezuela has joined forces with the national electrical system to identify and disconnect crypto mining farms from the power grid in the course of the coming few days. The Venezuelan Ministry of Electrical Energy (MPPPE) has already kick started a power supply control plan to bust crypto mining clusters.
-
Jack Dorsey’s Block Platform Creates Chip for Bitcoin Mining, Plans to Create Full BTC Mining System
Jack Dorsey, through his payments firm Block, has announced that the creation of its Bitcoin mining chip has been completed. Following months of research and development, Block has managed to create a 3nm Bitcoin mining chip.
-
Bitcoin ‘Halving’ Software Update Cuts Supply of New Tokens in Threat to Miners
Bitcoin halving, the software update that is designed to cut the amount of Bitcoin released from the network to compensate companies known as miners for validating transactions, has been completed. Most of the impact from the halving is expected to be on Bitcoin mining companies rather than the actual price of the cryptocurrency.
-
Bitcoin Halving 2024: Analysts Predict Drop in Bitcoin Dominance, Altcoins Engagement Could Spike
Bitcoin is gearing to undergo a halving event in the next few days. This process slashes the BTC rewards that miners earn to validate transactions on the blockchain by half – reducing their incentive to mine newer blocks rapidly. This slows down the addition of new tokens in circulation.
-
Crypto Mining Operations Face Crackdown in Norway With New Regulations for Data Centres
Norway is tightening its noose around crypto mining operations in the country. Over the last year, Norway emerged as one of Europe’s largest locations hosting crypto miners. The main incentive for miners to flock to Norway was the provision of affordable electricity.
-
Bitcoin Miners Begin Token Offloading Hoping to Retain Profits Before Upcoming Halving
Bitcoin miners are sprinting to sell portions of their BTC tokens to bag profits from BTC’s current raised prices ahead of the upcoming halving event. After halving, the block reward obtained by miners will be reduced in half, reducing their incentives for mining Bitcoin blocks and slowing down the addition of new tokens.
-
ED Files Charges Against Chinese-Origin Directors, Others in Crypto Mining App Case
A charge-sheet has been filed under the anti-money laundering law against 299 entities, including 10 persons of Chinese origin, in an investigation linked to alleged duping of investors in the name of mining cryptocurrencies such as Bitcoins, the Enforcement Directorate said on Wednesday.
-
Next Bitcoin Halving Scheduled for April 2024, Here’s Why It’s Important
The process of Bitcoin halving roughly happens every three to four years – that's how long it takes for 210,000 blocks to be mined on the Bitcoin blockchain. With the next halving just around two months away, market analysts predict the spike in price of Bitcoin, subsequently leading to the rate hikes for several other cryptocurrencies.
-
Russia Approves Tax Bill on Cryptocurrency Transactions Amid BTC Boom: Details
Recently, the Federation Council, the Upper House of the Russian Parliament, approved a new bill that outlines the taxation framework for cryptocurrencies. This bill classifies virtual digital currencies as property.
-
TSMC Said to Suspend Shipments to China Firm After Chip Found on Huawei AI Processor
TSMC is said to have halted shipments to the China-based company Sophgo following the discovery of its chip in a Huawei AI processor. Huawei faces restrictions on purchasing such technology to safeguard U.S. national security. The means by which the chip was incorporated into the Huawei product remains undetermined by Reuters.
-
US Airbnb Host Hit With Rs 1.25 Lakh Electricity Bill After Guests Mine Rs 84 Lakh In Crypto
An Airbnb host in the US was forced to add 'no cryptocurrency mining' to the list of instructions after a bizarre guest experience.
-
IMF Says Crypto Industry's Carbon Footprint Rising; Officials Mull Tax Surge to Curb Emissions
IMF officials have raised concerns about the crypto sector's carbon emissions and are considering whether a tax increase on crypto mining could help reduce its carbon footprint. In a blog post, the officials suggested that an 85 percent tax hike on power usage by crypto miners could potentially cut the sector's annual emissions by an estimated 100 ...
-
BWA Anticipates Tax Revisions Before Union Budget, Commends Indian Firms Embracing Web3
Ahead of India’s upcoming Union Budget for FY2024-2025, Dilip Chenoy, the chairperson of this Web3 advisory body, said that the industry is ready to be patient and give the government enough time to access the results of imposing crypto taxes. This period of wait however, has concerned the BWA about the exodus of Web3 talent from India.
-
Louisiana Joins Growing List of US States that Support Crypto Mining
Riding on the crypto wave, several states in the US have started inviting businesses related to crypto mining. In the latest development, the governor of Louisiana has signed a bill to foster the growth of businesses related to crypto mining activities in the state.
-
Jack Dorsey-Backed Bitcoin Miner ‘Ocean’ Moves Headquarters to El Salvador
Ocean, a Bitcoin mining pool backed by Jack Dorsey, has established its global headquarters in El Salvador. In the coming months, Ocean plans to bring awareness and training programmes around Bitcoin to the Salvadoran citizens.
-
Crypto Mining Banned in Venezuela, Thousands of Machines Seized
The government of Venezuela has joined forces with the national electrical system to identify and disconnect crypto mining farms from the power grid in the course of the coming few days. The Venezuelan Ministry of Electrical Energy (MPPPE) has already kick started a power supply control plan to bust crypto mining clusters.
-
Jack Dorsey’s Block Platform Creates Chip for Bitcoin Mining, Plans to Create Full BTC Mining System
Jack Dorsey, through his payments firm Block, has announced that the creation of its Bitcoin mining chip has been completed. Following months of research and development, Block has managed to create a 3nm Bitcoin mining chip.
-
Bitcoin ‘Halving’ Software Update Cuts Supply of New Tokens in Threat to Miners
Bitcoin halving, the software update that is designed to cut the amount of Bitcoin released from the network to compensate companies known as miners for validating transactions, has been completed. Most of the impact from the halving is expected to be on Bitcoin mining companies rather than the actual price of the cryptocurrency.
-
Bitcoin Halving 2024: Analysts Predict Drop in Bitcoin Dominance, Altcoins Engagement Could Spike
Bitcoin is gearing to undergo a halving event in the next few days. This process slashes the BTC rewards that miners earn to validate transactions on the blockchain by half – reducing their incentive to mine newer blocks rapidly. This slows down the addition of new tokens in circulation.
-
Crypto Mining Operations Face Crackdown in Norway With New Regulations for Data Centres
Norway is tightening its noose around crypto mining operations in the country. Over the last year, Norway emerged as one of Europe’s largest locations hosting crypto miners. The main incentive for miners to flock to Norway was the provision of affordable electricity.
-
Bitcoin Miners Begin Token Offloading Hoping to Retain Profits Before Upcoming Halving
Bitcoin miners are sprinting to sell portions of their BTC tokens to bag profits from BTC’s current raised prices ahead of the upcoming halving event. After halving, the block reward obtained by miners will be reduced in half, reducing their incentives for mining Bitcoin blocks and slowing down the addition of new tokens.
-
ED Files Charges Against Chinese-Origin Directors, Others in Crypto Mining App Case
A charge-sheet has been filed under the anti-money laundering law against 299 entities, including 10 persons of Chinese origin, in an investigation linked to alleged duping of investors in the name of mining cryptocurrencies such as Bitcoins, the Enforcement Directorate said on Wednesday.
-
Next Bitcoin Halving Scheduled for April 2024, Here’s Why It’s Important
The process of Bitcoin halving roughly happens every three to four years – that's how long it takes for 210,000 blocks to be mined on the Bitcoin blockchain. With the next halving just around two months away, market analysts predict the spike in price of Bitcoin, subsequently leading to the rate hikes for several other cryptocurrencies.
