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Riot Platforms (RIOT), Marathon Digital (MARA) Could Face Hefty U.S. Crypto Mining Tax Policy The Biden administration is campaigning for a tax first sought in a recent federal budget proposal, advocating that crypto miners pay an amount equal to 30% of their energy costs. (Getty Images) U.S. President Joe Biden is looking to impose a punitive tax on crypto mining...
Rep. Patrick McHenry, chairman of the House Financial Services Committee, says his and the Agriculture panel will meet jointly in May as they work on crypto legislation. AUSTIN, Texas â The U.S. House Financial Services Committee and House Agriculture Committee will put together legislation to oversee the crypto sector in the "next two months" after holding joint public hearings starting...
Dices over newspaper (AbsolutVision/Pixabay) Blockchain data shows long-term holders of bitcoin (BTC) are profitable for the first in almost a year. Historically, renewed profitability for long-term holders has presaged major market rallies. The seven-day average of bitcoin's long-term holder spent output profit ratio (LTH-SOPR) has crossed above 1 for the first time since May 2022, according to data tracking firm...
Total market capitalization has risen 4.9% in the past 24 hours on expectations of Fed easing, some investors said. Bitcoin (BTC) rose to $29,000 in European morning hours on Wednesday, with some investors pointing to expectations the U.S. Federal Reserve will inject money into the economy in the coming weeks after signs of yet another U.S. bank collapse. Bitcoin was...
French Regulator Floats 'Fast-Track' Registration for Incumbents as MiCA Rules Bed in European Union countries are making the transition to a tough new crypto regime set by Brussels. France will align its domestic regime with the EU's MiCA (Pierre BlachĂ©/Pixabay) Existing crypto companies could get a âfast-track regimeâ to new European crypto rules, the countryâs Financial Markets Authority (AMF) said...
ALSO: CoinDesk columnist Daniel Kuhn considers the European Parliament's passage of crypto rules, which come as U.S. regulatory agencies seem to be backtracking in their efforts to find an effective regulatory approach. U.S. Securities and Exchange building (Shutterstock) Good morning. Hereâs whatâs happening: Prices:Bitcoin continued its two-day swoon, dropping below $28K at one point. The head of research at Canadian...
An entity connected to a wallet named âjaredfromsubway.ethâ is sandwiching crypto traders, mainly those betting on tokens such as pepe and chad. Shovel makers benefit the most in a gold rush, and crypto trends are no different. Sandwich bots are frontrunning punters of newly-issued tokens such as pepe (PEPE) and chad (CHAD) â memecoins with no intrinsic value that caught...
Lawyers claimed the superstar was âhiding and driving away from our process servers for the past three months." Legendary basketballer Shaquille O'Neal has finally been served in a class-action lawsuit against FTX founder Sam Bankman-Fried, a law firm for the plaintiffstweetedon Sunday. "Plaintiffs in the billion $ FTX class action case just served@SHAQoutside his house,"the Moskowitz law firm tweeted. "His...
Validators looking to fully exit the chain could be looking at a wait of up to 14 days to get their crypto back, according to Rated Network's explorer. So many Ethereum validators have put in requests to unstake ether (ETH) from the blockchain following WednesdayâsShanghai upgradethat the queue to get the cryptocurrency out has backed up to two weeks. In...
The bitcoin price rose nearly 1.5% to $30,430 in the minutes following the better-than-expected news. The latest inflation data was released on Wednesday (Getty Images) The U.S. Consumer Price Index (CPI) rose 0.1% in March, down from 0.4% a month previously, and slower than economist forecasts for 0.2%, according to the Bureau of Labor Statistics (BLS). On a year-over-year basis,...
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