Coinbase opens Bermuda-based crypto derivatives exchange amid conflict with U.S. regulators

Coinbase, the publicly listed largest cryptocurrency exchange in the U.S., opened its offshore derivatives exchange in Bermuda on Tuesday.

• 2023-05-03
• cryptocurrency exchange derivatives exchange Coinbase legal threats Changpeng Zhao

Biden administration pushes for 30% electricity tax in swipe at crypto miners

The administration of U.S. President Joe Biden is campaigning for a tax on cryptocurrency miners equal to 30% of the cost of the power they use, citing what it calls “negative spillovers” from the industry.

• 2023-05-03
• President Joe Biden Bitcoin miners cryptocurrency miners Council of Economic Advisers industry insiders legal threats electricity grids