2022-5-20 15:00 |
The state was once a draw for bitcoin miners, but environmental concerns are weighing on the industry.
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John Michael Montgomery explains on CoinDesk TV’s “First Mover” why he thinks the Sooner State should offer tax incentives to crypto miners.
2022-4-6 22:42 | |
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Oklahoma lawmakers are in the final stages of introducing legislation that would make the state the new cryptocurrency mining hub in the United States Called the “Commercial Digital Asset Mining Act of 2022,” the proposed bill would see the state provide various incentives to businesses in “innovative technological industries” that set up shop in Oklahoma.
2022-4-5 22:00 | |
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The state is expected to have 56,000 Bitmain miners operating by October as part of an agreement with Bitmain, ISW Holdings, and Bit5iv.
2022-2-19 01:30 | |
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Kazakhstan’s Head of State Kassym-Jomart Tokayev has ordered an increase in taxes on electricity used by Bitcoin miners in the country, according to a local news outlet Kazinform. Speaking during an expanded meeting of the government, the president stated that his government would embark on identifying all mining farms, checking their tax status, carefully studying […]
2022-2-9 23:32 | |
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As a massive winter storm hits Texas, Bitcoin (BTC/USD) mining companies in the state have started shutting down operations to help ease the strain on the state’s hard-pressed electric grid.
2022-2-5 00:27 | |
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Bitcoin miners in Texas are downing tools for some days due to the anticipated extreme weather conditions expected to hit the state this week. The post Extreme weather conditions force crypto miners to halt operations appeared first on CryptoSlate.
2022-2-4 18:30 | |
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Texas Governor Greg Abbott has invited Bitcoin (BTC/USD) miners to set up shop in the state with hopes that they will help stabilize the Texan electrical grid. A report unveiled this news on January 27, noting that he invited dozens of crypto deal makers to his mansion in Austin last year to discuss this idea.
2022-1-30 00:57 | |
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Rockdale, a city of 5600 people, located in Milam County in the state of Texas, has welcomed bitcoin miners into its economic framework, as it seeks to mobilize dormant electricity capacity left behind by the aluminum industry.
2021-11-1 19:25 | |
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A $62 million mining firm deal between Bitmain and power partners Bit5ive and ISW holdings will bring over 56,000 Bitcoin mining rigs to the state of Georgia, USA; The agreement is set to expand Bitmain’s power hold in the BTC mining industry in North America.
2021-9-9 19:05 | |
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Iran’s state electricity company has just shared some good news for its local cryptocurrency miners, announcing that the mining ban is likely to be lifted come September. The Iran Power Generation, Distribution, and Transmission Company (Tavanir) previously prohibited mining on a country-wide basis earlier this year, in May.
2021-8-23 14:56 | |
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Bitcoin (BTC) miners in one of Venezuela’s most important industrial states, Carabobo, had their electricity cut off by authorities, Criptonoticias reported. On August 7, the regional officials effectively shut down crypto mining operations in the key state by suspending the power supply to all registered miners in the territory.
2021-8-11 02:05 | |
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Bitcoin mining facilities are setting up shop in Texas, but not only for obvious reasons like wind and land opportunities. Here's why the state is becoming popular.
2021-7-26 18:23 | |
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New Jersey’s pension fund has gained indirect exposure to Bitcoin and cryptocurrencies by investing in their mining companies. The pension fund with $30 billion in total assets of its state employees took stakes in two of the biggest names, Riot Blockchain and Marathon Digital Holdings.
2021-7-24 17:10 | |
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A St. Lawrence county town located in New York near the Canadian border, Massena, is another region in the state that is having issues with bitcoin miners. According to recent reports from the local WWNY-TV news desk and Reuters, the Massena town supervisor is drafting new regulations for bitcoin mining operations. Officials From Town of […]
2021-7-24 13:00 | |
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Outspoken conservative Republican Senator Cynthia Lummis has invited Bitcoin miners to her state of Wyoming. Speaking to CNBC, she expressed her approval of the ability of Bitcoin mining to use about 40% of renewable energy sources compared to traditional mining methods that only use about 12%.
2021-7-4 22:17 | |
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Cynthia M. Lummis, U.S. Senator from Wyoming, has encouraged bitcoin (BTC) miners to come to her state. The post ‘We Want You in Wyoming’ Says Senator Lummis to Miners appeared first on BeInCrypto.
2021-7-3 18:47 | |
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More than 7,000 mining machines have been confiscated by the Iranian authorities at an illegal crypto mining farm operating in the country's capital, Tehran. Iran’s Crackdown On Crypto Miners According to a report by Iranian state media, the Islamic Republic News Agency (IRNA), the raid is part of efforts aimed at stopping illegal crypto mining […] The post Iranian Authorities Raid Illegal Cryptocurrency Farm, Seize 7,000 Bitcoin Mining Machines first appeared on BitcoinExchangeGuide.
2021-6-23 18:15 | |
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Bitcoin miners were dealt a blow in May as the Financial Stability and Development Committee of the State Council of China announced further controls on financial risk. The post Could Paraguay emerge as a Bitcoin mining hub after China crackdown? appeared first on CryptoSlate.
2021-6-22 07:00 | |
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The state is already becoming known for attracting miners and attempting to pass pro-crypto legislation, with Governor Greg Abbott saying he was a "crypto law proposal supporter."
2021-6-19 23:30 | |
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Chinese media sources state that Alibaba Cloud behemoth may stop providing services to crypto companies in China – that would hit Bitcoin miners but not exchanges
2021-6-18 14:50 | |
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Ahead of the politically sensitive 100th anniversary of the ruling Communist Party on July 1, the country is also trying to cool down speculation in other asset classes just like crypto. The post China’s State Media Promotes Bitcoin Miners Going Green in Country & Points to Wasted Energy first appeared on BitcoinExchangeGuide.
2021-6-17 18:13 | |
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Miners dislocated by China’s crackdown are looking to Texas for cheap electricity, but the state’s grid is already on the brink of disaster amid a sweltering summer.
2021-6-17 08:49 | |
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Chinese Bitcoin miners don’t appear keen on waiting around to find out what their fates will be in the wake of the government’s announcement over an inbound crackdown. In a joint statement published last week, the Chinese Premier and State Council voiced an intent to clamp down on Bitcoin mining in the country, causing the […]
2021-5-26 18:19 | |
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Earlier in April, an accident at a Chinese coal mine in Xinjiang sent Bitcoin network’s hash rate plummeting 30% in a span of a day, which crippled the major cryptocurrency’s rally. Now, Bitcoin’s hash rate is suffering a similar loss as miners based in Sichuan, China face limitations on power usage. The State Grid in […]
2021-5-22 05:02 | |
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Crypto mining in Abkhazia is still a hot potato for the de facto state government, which is now determined to criminalize such activities. Continuous massive power disruptions, in parallel, are fueling the anger of the people towards crypto miners.
2021-4-4 06:30 | |
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Abkhazia, a "partially recognized state in the South Caucasus," has for a while been popular among many in the crypto-community, especially among miners. However, it would seem that these sentiments mThe post Abkhazia extends 'temporary ban' after penalizing crypto-mining appeared first on AMBCrypto.
2021-4-3 22:00 | |
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Kentucky is working on two proposed laws that aim to incentivize cryptocurrency mining. According to public records, there are two bills going through the state’s legislature, one of which is focused on tax incentives, and the other centers around extending the state’s clean-energy incentives to crypto miners if they pass the investment threshold of $1 […] The post Kentucky to Pass Bill to Incentivize Cryptocurrency Mining first appeared on BitcoinExchangeGuide.
2021-3-15 16:57 | |
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The Kentucky House Budget Committee approved a bill in a 19-2 vote to eliminate the sales tax on electricity for use in cryptocurrency mining operations. The bill, designed to attract more miners to the state, is now in the Kentucky Senate for review.
2021-3-5 11:30 | |
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Lawmakers in the U. S. state of Kentucky recently approved a bill that would exempt cryptocurrency miners from paying taxes. Crypto Mining Tax Exemption Bill Receives Majority Support According to local news outlet the Lexington Herald-Leader on Tuesday (Mar.
2021-3-4 12:00 | |
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After a 19 to 2 vote, Kentucky legislators voted in favor of a bill likely to attract crypto miners to the state. On Tuesday Kentucky House budget committee okayed House Bill 230, which proposes tax breaks to crypto mining businesses that open their shop in the state of Kentucky.
2021-3-4 21:28 | |
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Kentucky legislators have approved a bill that would offer tax incentives to bitcoin miners that set up shop in the state.
2021-3-5 21:01 | |
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The bill, aimed to encourage the crypto mining industry in the state, now goes to the upper house for review.
2021-8-24 13:54 | |
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Recently shared reports by Glassnode state that the BTC flow from miners to exchanges has hit a major low and so has the BTC active supply 5y-7y
2021-1-19 14:50 | |
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On Jan 8, two legislators in Kentucky have recently submitted a bill that aims to make the US state a very attractive option for cryptocurrency miners in the form of tax breaks. Kentucky Crypto Mining Bill The proposal was submitted to the General Assembly, which would see Bitcoin and other cryptocurrency miners enjoy some taxRead More
2021-1-13 14:00 | |
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Kentucky is looking to attract cryptocurrency miners to the state by offering them tax… The post Kentucky to attract cryptocurrency miners with tax breaks appeared first on Coin Journal.
2021-1-12 13:48 | |
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A region in the Pacific Northwest of the United States is on high alert because of concerns about a possible invasion of bitcoin (BTC) miners. The state has previously experienced an influx of Chinese bitcoin miners, due to decreasing electricity prices.
2021-1-12 02:30 | |
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Iranian authorities have hammered down a massive 1,620 bitcoin (BTC) and crypto mining farms in the state. The authorities claim the operators of the bitcoin ming farms failed to register with the government as earlier directed, according to reports on January 7, 2021.
2021-1-9 18:00 | |
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The crypto mining crisis in Abkhazia is closely reaching its boiling point following the burnout of a power substation amid the refusal of both illegal and legal crypto miners to slow down their operations in the state.
2020-12-10 17:00 | |
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A recently released Microsoft report has revealed that threat actors at the state level are now using coin miner techniques to cover their tracks or blend in. The report, which was published on Nov 30, highlights a recent attempt by state threat actor ‘BISMUTH,’ which leveraged Monero coin miners to infiltrate both government and private […] The post Microsoft Warns Cybersecurity Threat Posing as Monero Miners Attempts to Extract Data first appeared on BitcoinExchangeGuide.
2020-12-3 00:02 | |
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Corpoelec, the Venezuelan state power company, has cut power to bitcoin mining equipment, according to a local miner. As a result, mining farms scheduled a meeting to negotiate with the government.
2020-11-14 16:19 | |
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Reports say the Venezuelan state electricity company Corpoelec is disconnecting bitcoin mining farms in Carabobo state on orders from authorities. The power disconnections come amid reports that government and Corpoelec officials are planning to meet mining farm operators.
2020-11-12 14:16 | |
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The Iranian government has made it compulsory for bitcoin (BTC) miners in the country to sell their coins to the state, so authorities can use the digital currency to pay for imports amidst crippling international sanctions, according to reports on October 30, 2020.
2020-10-31 20:00 | |
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Iran has granted bitcoin miners exclusive access to electricity generated from three power plants for their mining activities, according to state power utility Thermal Power Plant Holding Company (TPPH).
2020-9-23 04:00 | |
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Five cryptocurrency miners have been arrested in Malaysia for their part in stealing electricity worth approximately RM 250,000 (equivalent to $59,580. 58) a month to mine crypto, local news agency The Malay Mail reported on Wednesday.
2020-8-13 12:03 | |
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Bitcoin miners in Kazakhstan will soon be paying taxes to the state as the government looks to raise funds for COVID-19 recovery plans. Outside China, Kazakhstan controls the third-largest share of the global Bitcoin (BTC) mining hash rate.
2020-8-5 21:39 | |
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With less than 17 days remaining for third Bitcoin halving, it is time to take another look at the state of miners, especially after the recent price plunge. The hash rate has changed, the difficulty The post Bitcoin halving and a 37% hash rate drop: Will the price pull through? appeared first on AMBCrypto.
2020-4-25 18:00 | |
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The chairman of the Russian State Duma Committee on Financial Markets has confirmed that the bill which provides the regulatory framework for cryptocurrencies in Russia has been completed. The official explained key features of the bill, including how cryptocurrency exchanges and miners will be regulated.
2020-4-5 09:45 | |
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Russian police have taken down an illegal mining farm for stealing state electricity
2020-3-28 23:00 | |
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Bitcoin has so far survived for more than 11 years. The network continues to function as intended, in part, thanks to an assumption that miners will always act in their own best interests economically.
2020-2-21 23:00 | |
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The Labour government said the bill will give owners of bitcoin and other digital assets greater legal protection.
U.K. Prime Minister Keir Starmer appointed Tulip Siddiq as the City Minister, a role that oversees financial services including crypto.
Taiwan's crypto advocacy body, the Taiwan Virtual Asset Service Provider Association, has been formally established and the founding meeting held with 24 cryptocurrency-related entities.
The exchange could return as a FIU-registered firm after paying the fine, the report added.
This is the third test for the Province's new tool to combat money laundering.
The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.
India's most controversial crypto tax, the 1% TDS levy deducted at source, should be lowered to 0.01%, according to the findings of a new study.