Three US Senators have proposed amending the infrastructure bill’s crypto tax provisions
Senators in the United States of America have introduced an amendment to a bill on infrastructure that would exempt certain cryptocurrency companies from broker reporting requirements. Senator Ron Wyden of Oregon proposed an amendment on behalf of himself and Wyoming Senator Cynthia Lummis, with support from Pennsylvania Senator Pat Toomey, that certain provisions of the […]
Ex-Monero Developer ‘Fluffypony’ Jailed for theft at Cookie Company
‘Fluffypony,’ an ex-Monero developer, has been in jail for two weeks for stealing from the Cookie Company. Two weeks ago, according to court documents filed with a Tennessee district court, former Monero creator Ricardo Spagni was arrested on fraud-related allegations. When Spagni worked as an employee for a South African company known as Cape Cookies, […]
See why Ethereum could hit $3K in the short term despite overvaluation risks
As the price of Ethereum increases despite dropping volumes, it risks negative exposure, but three key on-chain indications point to a different future. In the previous session, Ethereum (ETH) had risen to a two-month high, indicating that the cryptocurrency’s recent bullish advance was reaching its end. In more detail, the ETH/USD pair reached a high […]
Marathon to control over 12% of the current Bitcoin mining hash rate
Marathon acquires 30,000 more Bitcoin miners in an attempt to become the leading Bitcoin miner in the United States by 2022, with a target of 13.3 EH/s hashing power. In a recent announcement, Marathon Digital stated that it had purchased additional Bitcoin mining hardware from Bitmain. Following the publication of a press statement on Monday, […]
Blockchain identity market to reportedly grow by $3.58B between 2021 and 2025
According to a new projection, the worldwide blockchain identity management industry would increase at a compound annual growth rate of over 71% from 2021 to 2025. As stated by a new analysis on the potential for blockchain identity management systems to become integrated across sectors, the worldwide market for these solutions would expand at a compound […]