Cyber Criminals Are Turning to Crypto Mining Pools to Wash Ill-Gotten Funds: Chainalysis

Ransomware actors are increasingly trying to pass off their own funds as proceeds received from cryptocurrency mining, claims Chainalysis.

• 2023-06-15
• Chainalysis money laundering Bitcoin mining Crypto mining mining pool

Russia is 2nd biggest Bitcoin miner after U.S.: report

Russia is now the second largest Bitcoin miner after the U.S., according to a report by Russian media Kommersant.

• 2023-04-24
• Bitcoin miner Bitcoin mining crypto mining Russia

U.S. Treasury Department Proposes 30% Excise Tax on Crypto Mining Firms

A provision in the department’s “Greenbook,” its list of tax proposals and explanations for U.S. President Joe Biden’s budget proposal, would create a phased-in excise tax based on the costs of the electricity used in crypto mining, imposed on the companies “using computing resources” to mine cryptocurrencies.

• 2023-03-10
• U.S. Treasury Department budget proposal digital asset excise tax Biden tax rules proposal crypto mining

Canada's Hut 8 Mining to merge with US Bitcoin to weather crypto downturn

The merged entity, to be called Hut 8 Corp, will be listed on both the Toronto Stock Exchange and the Nasdaq after the all-stock deal. In December, Binance.US said it will acquire assets of bankrupt crypto lender Voyager Digital in a deal valued at roughly $1 billion.

• 2023-02-07
• Hut 8 Mining Corp crypto mining Toronto Stock Exchange Canada