US Debt Ceiling Deal Blocks 30% Bitcoin Mining Tax: Congressman

The proposed Digital Asset Mining Energy tax has reportedly been taken off the table, according to U.S. Congressman Warren Davidson.

• 2023-05-29
• Joe Biden Bitcoin mining debt ceiling cryptocurrency mining Satoshi Action Fund Energy tax Biden administration excise tax Kevin McCarthy

GOP presidential candidate Vivek Ramaswamy bets big on Bitcoin in 2024

Ramaswamy will be accepting campaign donations in the digital currency, he told CBS News before the Bitcoin 2023 Conference in Miami.

• 2023-05-20
• Vivek Ramaswamy Republican presidential candidate digital currency Bitcoin President Donald Trump Bitcoin miners President Biden campaign donations cryptocurrency mining Bitcoin 2023 conference

The Morning After: White House proposes a 30 percent tax on electricity used for crypto mining

The biggest news stories this morning: White House proposes a 30 percent tax on electricity used for crypto mining, ChatGPT scams are the new crypto scams, Meta warns, Watch the first trailer for ‘Dune: Part Two’

• 2023-05-04
• excise tax cryptocurrency mining Princess Irulan environmental pollution Frank Herbert electricity Bitcoin miners

White House proposes 30 percent tax on electricity used for crypto mining

The Biden administration wants to impose a 30 percent tax on the electricity used by cryptocurrency mining operations, and it has included the proposal in its budget for the fiscal year of 2024.

• 2023-05-03
• electricity prices White House power consumption Bitcoin miners excise tax cryptocurrency mining electricity Digital Asset Mining Energy

Crypto mining rig maker Canaan shares slump after Q4 revenue sank 82%

Canaan’s shares on Nasdaq closed 3.83% lower at US$2.51 on Wednesday after the cryptocurrency mining rig maker reported an 82% year-on-year drop in revenue on Tuesday for the fourth quarter of last year, citing “lackluster market demand” for mining machines as the price of Bitcoin fell.

• 2023-03-09
• Bitcoin fourth quarter mining machines price of Bitcoin Canaan cryptocurrency mining