Core Scientific is the largest publicly-traded bitcoin mining company by hashrate, and just reported financials for 2021 that exceed analysts’ predictions.
In the fiscal year ending on December 31st, 2021, Core Scientific’s total revenue increased 803% to $544.5 million. Analyst estimates were at $507.1 million, according to
In March of 2021, Kentucky was able to pass House Bill 230 which incentivizes commercial miners with a number of tax breaks for their operations. Commercial miners are allowed to be tax exempt for the energy and equipment they use. In order to receive these exemptions, Senate Bill 255 requires
The European Parliament voted in favor of an anti-money laundering legislation which requires every crypto transfer be reported to authorities. The legislation cites the use of “unhosted wallets” as potential avenues for money laundering.
The report states that the EU’s Transfer of Funds Regulation (TFR) is looking to regulate
The European Parliament voted in favor of an anti-money laundering legislation which requires every crypto transfer be reported to authorities. The legislation cites the use of “unhosted wallets” as potential avenues for money laundering.
The report states that the EU’s Transfer of Funds Regulation (TFR) is looking to regulate
Core Scientific is the largest publicly-traded bitcoin mining company by hashrate, and just reported financials for 2021 that exceed analysts’ predictions.
In the fiscal year ending on December 31st, 2021, Core Scientific’s total revenue increased 803% to $544.5 million. Analyst estimates were at $507.1 million, according to
In March of 2021, Kentucky was able to pass House Bill 230 which incentivizes commercial miners with a number of tax breaks for their operations. Commercial miners are allowed to be tax exempt for the energy and equipment they use. In order to receive these exemptions, Senate Bill 255 requires
Citizens School, an educational institution in the UAE, will accept Bitcoin and Ethereum as a form of payment for tuition starting in September 2022. The school decided to adopt Bitcoin and Ethereum payment rails to aid parents by providing flexible payment options. The payment processor the school will use automatically
On March 23, the Deputy Prime Minister of Vietnam, Le Minh Khai, sent the Ministry of Finance a request asking to create a legal framework for digital assets and to begin to make amendments to current laws, as necessary.
Vietnam Net Global reports the request was made in support of
On March 29th, 2022 MicroStrategy CEO Michael Saylor announced that MacroStrategy, a subsidiary of MicroStrategy, will use all proceeds from a Silvergate Bank loan to acquire more Bitcoin. At a current Bitcoin price of $47,500, MacroStrategy would be able to acquire around 4,315 BTC for their company balance
GAO released a study on the benefits of blockchain technology to provide Congress with an overview of what, how, where, and why blockchains are needed within today’s economy. The report discusses the non-financial, financial, and policy options that enhance solutions as well as mitigate certain challenges that blockchain technology
After some turbulent back-and-forth, the EU is moving forward with its Markets in Crypto Assets (MiCA) bill. The landmark legislation will go ahead without the inclusion of a controversial provision that would have restricted proof-of-work cryptocurrencies.
Proof-of-work (PoW) is a decentralized consensus mechanism used by cryptocurrencies like Bitcoin and Ethereum,
