Bitcoin miners strive for carbon neutrality near data centers
New regulations mean that companies which engage in Bitcoin mining must prove carbon neutrality.In the world of Bitcoin mining, the Proof of Work model has created new dissatisfaction as leaders and investors pay greater attention to environmental, social, and legal factors. Many cryptocurrency miners are focusing on environmentally friendly practices by acquiring carbon credits, though […]
South Korea’s New President Delays the Introduction of Cryptocurrency Tax Legislation
Newly elected South Korean President Yoon Suk-yeol has said that a cryptocurrency tax will not be introduced until consumer protection is legislated. The taxation of cryptocurrency profits was originally scheduled to come into force in the 2022. This initial plan is being delayed until a new package of regulations, called the Digital Asset Base Act […]
The European Parliament votes against a ban of PoW, which is a huge relief for the cryptographic industry
A moderate version of the proposed regulatory framework won during the voting in the ECON Committee. This Monday, members of the Economic and Monetary Affairs Committee of the European Parliament voted against the proposed version of Markets in Crypto Assets (MiCA) which would ban cryptocurrencies based on the proof-of-work method in the EU. This was […]
Russian citizen burns her passport and sells it as NFT, using the proceeds to help Ukraine
Olive Allen, a Russian citizen and artist who’s been living in the USA for over 11 years set ablaze the passport from her mother country in the hope of raising awareness and money in support of the military conflict being played out in Ukraine. Standing in front of the Russian Federation’s consulate building in New […]
Venezuela and India tax cryptocurrency, Indians have a digital rupee
The governments of Venezuela and India have approved new tax laws aimed at cryptocurrency. The tax rates are up to 20 and up to 30 percent respectively. Venezuela’s goal is to collect 2 to 20% from each transaction involving any currency other than the national currencies. These are the bolivar and the Venezuelan government’s own […]
Nuclear energy as a path to sustainable mining
The Bitcoin Mining Council announced that the usage of sustainable energy in the global bitcoin mining industry has gone up one percent to 58.5% in the last quarter of 2021. The percentage of members using an electricity/sustainable energy mix is 66.1%. The survey focused on three metrics: sustainable energy mix, technological efficiency, and electricity usage. […]
Kosovo has banned mining due to the energy crisis
The government of Kosovo has banned cryptocurrency mining. The reason is a state of emergency put into effect due to the energy crisis. Kosovo is one of the poorest European countries. More than 40% of Kosovo’s energy is imported and it is experiencing one of the worst energy crises in its history. Since the end […]
China tests a digital yuan wallet
A digital yuan wallet is being tested in China. Not as cryptocurrency, but as a digital state-controlled currency. The application will replace only coins and banknotes, while payment cards will be retained. The People’s Bank of China is behind the pilot version of the application. It has been working on a digital yuan for several years […]
Regulation in India
Reportedly, cryptocurrency investors in India will be given a date by which they must register their cryptocurrency exchange assets. This is not a ban on cryptocurrency, as was earlier believed, but a strict regulation on its use. These crypto exchanges, however, must come under the oversight of the Securities and Exchange Board of India (SEBI). […]
Pat Toomey
Senator Pat Toomey has stated that the United States should lead the world in the adoption of cryptocurrencies. He believes that the US could benefit from a digital dollar. He has also stated that this currency should not rely on the Federal Reserve. “The idea of having a tokenized dollar that is capable of being […]
