According to a new guidance by the Securities and Exchange Commission, US companies that hold cryptocurrencies for their customers must now account for those assets as liabilities, and warn investors about the associated risk. This includes major players such as Coinbase, PayPal, Block (formerly known as Square), and Robinhood. In

Founder of Block (formerly Square) Jack Dorsey spoke to the Democrats of the House Financial Services Committee on March 31st, 2022 in order to address some of their concerns about Bitcoin and cryptocurrencies. Topics that attendees brought up with Dorsey include: * Energy consumption - Dorsey covered the various ways that

Starting on May 1st, Indonesia has plans to charge a value-added tax (VAT) on crypto transactions and capital gains taxes on income. The VAT rate is currently below 11% on most Indonesian goods and services, and capital gains are expected to be 0.1%, which is also the capital gains

Canadian oil and gas company, Bengal Energy, prepares to launch Bitcoin mining efforts in Australia. The company will be setting up a portable building for the purpose of housing 70 mining rigs as part of its up-and-coming pilot program. These rigs will be close to gas wells that were previously

CleanSpark is a publicly traded Bitcoin and cryptocurrency mining company based in Nevada. They recently closed a deal with the Texas energy company Lancium in order to devote 500 megawatts (MW) to mining.  Around 50 MW will be used for mining by the end of 2022 and then another 150

On March 31st, 2022 President Putin signed a decree that requires foreign buyers to pay for Russia’s oil and gas with rubles. This decree takes effect on Friday April 1st and any contracts that are not paid in rubles will be halted. Putin added that all oil and gas

A street party in Portland, Oregon celebrating the Bitcoin Lightning Network turned heads, and provided real-world use cases for the technology. The Bitcoin Beach-style street fair featured vendors, artists, and food trucks, all accepting payment via the Lightning Network. Fiat money, naturally, was banned from the event. Clay Graham, founder

Kraken users can now instantly deposit and withdraw up to 0.1 Bitcoin with virtually zero fees using the Lightning Network. According to Pierre Rochard, who is a Bitcoin product manager at Kraken, “Adoption will come from people who have fiat in their bank account, and need to get it