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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
On April 1, 2022, PrimeBlock announced its merger with 10X Capital Venture Acquisition Corp. According to the press release, this was done in order to support and expand on PrimeBlock’s current emphasis on technologies in the blockchain ecosystem. PrimeBlock provides infrastructure for various blockchain technologies and runs a Bitcoin
News - Bitcoin - Apr 02, 2022On April 1, 2022, PrimeBlock announced its merger with 10X Capital Venture Acquisition Corp. According to the press release, this was done in order to support and expand on PrimeBlock’s current emphasis on technologies in the blockchain ecosystem. PrimeBlock provides infrastructure for various blockchain technologies and runs a Bitcoin
News - Bitcoin - Apr 02, 2022According 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
News - Bitcoin - Apr 01, 2022Founder 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
News - Bitcoin - Apr 01, 2022Starting 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
News - Bitcoin - Apr 01, 2022Canadian 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
News - Bitcoin - Apr 01, 2022CleanSpark 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
News - Bitcoin - Apr 01, 2022A 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
News - Bitcoin - Mar 31, 2022