Michael Saylor denies collusion theories about the ‘Bitcoin Mining Council’
In a video interview this week, MicroStrategy CEO Michael Saylor denies accusations of clandestine motives behind the newly formed Bitcoin Mining Council (BMC). The BMC comprises some of the biggest U.S. miners led by Saylor and Elon Musk. The organization came about following Musk’s apparent U-turn on Bitcoin, in which he raised concerns over the alleged overuse […]
“Internal Revenue Service has no right to tax newly mined coins,” Couple tells court
According to a U.S crypto couple, Coins earned by mining have been “created” and are not taxable until sold. In a complaint filed to federal court, a Tennessee couple investing in crypto have claimed that coins gained by mining or staking are not taxable until sold. The Tennessee couple is seeking a refund from the […]
Billionaire Carl Icahn says he may invest up to $1.5B into crypto
Former crypto skeptic, Carl Icahn may invest up to $1.5 billion into crypto while noting that “much of the cryptocurrency issued today will not survive.” Carl Icahn, the owner of Icahn Enterprises , told Bloomberg he’s ready to enter the cryptocurrency market in a “big way” — teasing an investment of around $1.5 billion. Icahn […]