Bookmarking Crypto Insights
Auto Added by WPeMatico
This is an Op-ed article. The opinions expressed in this article are the author’s own. Bitcoin.com does not endorse nor support views, opinions or conclusions drawn in this post. Over the past few days, crypto media have been stirred up by the news that the government of Kazakhstan is considering a ban on cryptocurrency mining. … Read more
Russian citizens are expected to pay 13 percent tax on their crypto-related incomes. Amendments to the tax code are currently being prepared. The exact rates should be confirmed by the end of the year. However, lawyers have warned that even now citizens risk criminal prosecution if they fail to report gains from dealings with cryptocurrencies. … Read more
The draft-law “On digital financial assets” aimed at regulating crypto-related matters in Russia has been officially filed in the State Duma on Tuesday. Disagreements between the Central Bank and the Ministry of Finance have been resolved, according to Deputy Finance Minister Alexei Moiseev. The CBR will have the final say in regards to the circulation … Read more
Bitmain has found itself in a war with words with the monero community over the release of its latest cryptocurrency miner, the Cryptonight-capable X3. The unit is being offered at a discounted rate to existing customers, but critics claim this is because the miners will soon be ineffective at mining monero, the main coin to … Read more
In a town where electricity comes cheap, and electricity flows quickly, cryptocurrency miners have flocked to its source off the St. Lawrence River, taking full advantage of its currents, depleting the town of almost 10% of its electricity. Did you know mining for cryptocurrency requires a butt-load of electricity? In a small town like Plattsburgh, … Read more
Crypto miners have been invited to join this year’s Earth Hour campaign by turning off some of their hardware between 8:30 and 9:30 pm on March 24. The initiative to take part in the WWF’s annual event comes from the Russian crypto community. The “Crypto Hour” organizers hope to focus attention on the need for … Read more
The Attorney General of South Carolina has served a cease and desist order on Genesis Mining. In documents filed before its Securities Commissioner, it has declared cloud mining contracts to be securities, in a move that could have repercussions beyond the confines of the Palmetto State. Also read: ‘Cryptomatoes’ Using Excess Mining Heat to Grow Produce … Read more
It appears that the allure of free electricity and computer systems, courtesy of the tax payers, might be too hard for some government workers all over the world to resist. After it was recently revealed that Russian nuclear scientists were arrested for mining bitcoin on the job, now it is reported that American IT staff … Read more
Japan’s Kumamoto-Energy, a local power producer and supplier from Kumamoto City, has revealed that it recently began using solar power for mining cryptocurrencies. This is another example of how, contrary to environmental hysteria by mainstream media sources, cryptocurrency mining can enable a greener future using renewable energy. Also Read: British Man in Amsterdam Allegedly Laundered … Read more
Elon Musk might be able to send his personal Tesla car into space, he might change the way humanity produces and stores energy, and he might even build a colony on Mars one day. However, even this real-life Iron Man apparently can’t escape the reach of crypto mining hackers. Also Read: US Federal Authorities Arrest … Read more
