Mining Financial News

26.05 / 22:27

business Mining Bitcoin Bitcoin Miner Bitcoin miner Canaan’s net loss slightly improved in Q1 amid market turbulence

Chinese Bitcoin mining company Canaan reported slight improvements in some of its financial metrics in the first quarter of 2023. The progress, however, is still far behind where it was last year in this period.

26.05 / 20:27

business Blockchain Mining regulation Research Neuralink gets FDA approval for ‘in-human’ trials of its brain-computer interface

Elon Musk’s brain-computer interface (BCI) startup, Neuralink, reportedly received approval from the United States Food and Drug Administration (FDA) to conduct some form of “in-human” trials for its surgically implanted brain device.

19.05 / 21:07

business Mining Bitcoin Marathon Bitcoin production Bitcoin production growth and capital strategy guiding Marathon Digital: CEO

A combination of more hash rate coming online from mining plants and a price protection approach is shielding Bitcoin (BTC) mining firm Marathon Digital Holdings (Nasdaq: MARA) through the bear market, told Cointelegraph its CEO Fred Thiel.

19.05 / 17:03

Mining Taxes legislation Bitcoin President Biden’s Crypto Mining Tax “Isn’t Going To Happen,” Sen. Lummis Says

US Sen. Cynthia Lummis is not a fan of President Biden’s proposed 30 percent tax on cryptocurrency miners.

19.05 / 15:59

Mining Crypto exchanges legislation lawmakers reserves Texas Lawmakers Pass Proof-of-Reserves Cryptocurrency Bill

The Texas legislature passed a bill this week requiring cryptocurrency exchanges to provide a “proof of reserves,” the latest move by the lone star state.

19.05 / 11:49

Blockchain cryptocurrency Mining Investing Investment community Bitcoin Low Bitcoin2023 Suffers from Low Turnout Amidst High Ticket Prices and Crypto Downturn

"The world's biggest Bitcoin conference" seems to have shrunk – attendance-wise, that is.

14.05 / 05:39

Law Mining regulation Report Court Bitcoin BTC miner Rhodium faces lawsuit over an alleged $26M in unpaid fees: Report

Crypto mining firm Riot Platforms – formerly Riot Blockchain – has taken legal action against Texas-based Bitcoin (BTC) miner, Rhodium Enterprises, in an effort to recover “more than $26 million” in alleged unpaid mining facility fees.

12.05 / 18:47

Mining SEC Bitcoin Marathon Marathon Digital Served with Additional SEC Subpoena for Alleged Violations

Bitcoin (BTC) mining firm Marathon Digital has been served with an additional subpoena by the US Securities and Exchange Commission (SEC) over alleged securities laws violations.

09.05 / 22:07

business Mining Middle east Marathon Marathon Digital announces immersion crypto mining operations in Abu Dhabi

Crypto mining firm Marathon Digital Holdings announced it has partnered with digital assets infrastructure company Zero Two to create a large-scale immersion Bitcoin-mining facility in Abu Dhabi.

08.05 / 20:33

Mining regulation white house Argentina says no to crypto payments, France tolerates ‘finfluencers’: Law Decoded, May 1–8

Last week brought several significant international developments in regulation. Argentina’s central bank banned payment providers from offering crypto transactions, adding that it intends to reduce the country’s payment-system exposure to digital assets. While local payment providers refuse to comment on the decision, Argentina’s fintech chamber urged the government to reconsider, claiming that “it limits access to a technology that offers multiple benefits and opportunities for our society.”

06.05 / 21:03

business Mining regulation Bitcoin Kazakhstan collected $7M in crypto mining taxes in 2022

The government of Kazakhstan has received 3.07 billion tenge (approximately $7 million) in tax payments from crypto mining entities in 2022, following the implementation of an amended law regulating the fiscal burden of mining cryptocurrencies, according to the local media reports.

05.05 / 15:35

Mining regulation white house Taxes Electricity Bitcoin Will Biden's plan to tax crypto mining reduce emissions? Critics say no

Cryptocurrency miners based in the United States could soon face a tax equal to 30% of the cost of electricity they use if President Joe Biden’s proposed budget for the fiscal year 2024 is approved by Congress, but the proposal has sparked debate about whether it would actually decrease global emissions and energy prices.

04.05 / 21:45

Law Mining regulation Montana governor signs pro-cryptocurrency mining bill into law

Greg Gianforte, the Governor of Montana, has signed into law a bill largely preventing local governments in the state from passing laws prohibiting cryptocurrency mining.

04.05 / 08:51

Blockchain Mining regulation SEC Bitcoin Regulation National Nigerian national blockchain policy gets government approval

The government of Nigeria — one of the world’s most curious nations about cryptocurrencies like Bitcoin (BTC) — has approved a national blockchain policy during its meeting on May 3, 2023. The approval was in response to a memo presented by Isa Ali Ibrahim, the Minister of Communications and Digital Economy.

03.05 / 16:55

Mining white house Tax Taxes White House Council Reignites 30 Percent Tax on Crypto Mining

The White House is pushing to tax cryptocurrency miners to “pay their fair share” for the costs inflicted on local communities and the environment.

03.05 / 08:27

Mining Asia Bitcoin Bhutan’s DHI and Bitdeer to raise $500M to develop sustainable mining operations

Nasdaq-listed mining company Bitdeer Technologies Group and Bhutan’s sovereign investment arm Druk Holding and Investments (DHI) have teamed up to create eco-friendly and carbon-free digital asset mining operations in the Kingdom of Bhutan.

03.05 / 05:13

Mining regulation Environment Taxes Bitcoin White House advisors renew push for 30% digital mining energy tax

The Biden administration has renewed its push for a 30% Digital Asset Mining Energy (DAME) tax on cryptocurrency miners, part of efforts to minimize the industry’s alleged impact on climate change.

01.05 / 22:59

Mining Hash Rate Decentralization Bitcoin Bitcoin hash rates threaten blockchain decentralization

Blockchain technology was introduced in 2008 as a decentralized, secure, transparent system for managing digital transactions. Its primary aim was to provide a solution to major problems with traditional transactional systems, including trust, security, decentralization and efficiency. Blockchain has since expanded beyond finance and has been used in supply chain management, healthcare, games, digital media and social media, among others.

01.05 / 13:07

Mining Asia renewable energy Bitcoin Bhutan mines Bitcoin with hydropower since BTC price was $5,000

The Kingdom of Bhutan is bullish on Bitcoin (BTC). Following the revelation that the small Himalayan Kingdom of Bhutan has been quietly accumulating crypto, the country is also mining Bitcoin. Moreover, the country of less than 800,000 people leverages green energy to power its Bitcoin mining operations.

01.05 / 05:37

Blockchain Technology Adoption Mining Bitcoin Jack Dorsey’s nano Bitcoin mining chip heads to prototype

Block, a financial services and technology company owned by former Twitter CEO Jack Dorsey has announced it has completed the prototype design of its new five-nanometre (5nm) Bitcoin (BTC) mining chip — which it claims is key to decentralizing the supply of Bitcoin mining rigs.

30.04 / 14:49

markets Mining Bitcoin Bitcoin Price Mineflation: Cost to mine one Bitcoin in the US rises from $5K to $17K in 2023

It now costs Bitcoin (BTC) miners at least $17,000 to produce one BTC in the U.S. versus the $5,000-10,000 range a year ago, according to Bitcoin mining data resource Hashrate Index and Luxor.

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