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On February 15th, Tom Emmer received a response from SEC Chair Gary Gensler, hinting that proposals for Bitcoin spot ETFs have thus far come up short of meeting standards set in the Exchange Act. Gensler notes that the regulatory body must be capable of preventing “fraudulent and manipulative acts and
In 2016, a law was passed by the Portuguese tax authorities which ruled that cryptocurrencies are not to be considered as currencies as they aren’t legal tender in Portugal. Therefore, the virtual assets cannot be subject to capital gains taxes. Since the law has been ruled, many Bitcoiners have
U.S. Senators Jim Risch (R-Idaho) and Bob Menendez (D-N.J.), and Bill Cassidy (R-La.) introduced a bill on February 16th that will require the Secretary of State to gather all Bitcoin related activity from El Salvador’s government and citizens. The description of the bill reads “To require reports
News - Bitcoin - Feb 17, 2022U.S. Senators Jim Risch (R-Idaho) and Bob Menendez (D-N.J.), and Bill Cassidy (R-La.) introduced a bill on February 16th that will require the Secretary of State to gather all Bitcoin related activity from El Salvador’s government and citizens. The description of the bill reads “To require reports
News - Bitcoin - Feb 17, 2022On February 15th, Tom Emmer received a response from SEC Chair Gary Gensler, hinting that proposals for Bitcoin spot ETFs have thus far come up short of meeting standards set in the Exchange Act. Gensler notes that the regulatory body must be capable of preventing “fraudulent and manipulative acts and
News - Bitcoin - Feb 17, 2022In 2016, a law was passed by the Portuguese tax authorities which ruled that cryptocurrencies are not to be considered as currencies as they aren’t legal tender in Portugal. Therefore, the virtual assets cannot be subject to capital gains taxes. Since the law has been ruled, many Bitcoiners have
News - Bitcoin - Feb 17, 2022Colorado Governor Jared Polis announced on February 15th, 2022 that Colorado residents will soon be able to pay their taxes in Bitcoin and other cryptocurrencies as early as this summer. Polis and other government officials in Colorado have been at the forefront of making their state more Bitcoin and cryptocurrency
News - Bitcoin - Feb 16, 2022Canadian federal law enforcement agencies, along with the Financial Transactions and Reports Analysis Center of Canada (FINTRAC), have begun investigating donations made to Freedom Convoy protestors, including those that were made using bitcoin and other cryptocurrencies. On Wednesday, the Ontario Provincial Police and Royal Canadian Mounted Police ordered all regulated
News - Bitcoin - Feb 16, 2022Riot Blockchain January highlights * 3.4 EH/s with 32,552 active miners * 458 BTC mined * 5,347 total BTC held as of January 31, 2022 A new January report showcases Riot’s latest Bitcoin mining efforts. Compared to statistics released in January of 2021, Riot’s production has increased
News - Bitcoin - Feb 16, 2022The Domos de San Pedro geothermal power plant is located in the central western region of Mexico. Owned by a private company, Grupo Drago, the power plant is the first to produce geothermal energy in Mexico. Grupo Drago was founded in 2010 and began funding the development of the Domos
News - Bitcoin - Feb 16, 2022Oil and gas giant ConocoPhillips announced this week that they are partnering with an undisclosed Bitcoin mining company as part of a pilot project to reduce flaring. According to a ConocoPhillips spokesperson, they have “one Bitcoin pilot project currently operating in the Bakken [a region in North Dakota known for
News - Bitcoin - Feb 16, 2022