Tax Proposal Threatens US Bitcoin Miners as CEO Warns of Negative Consequences
Earlier this month, the administration of U.S. President Joe Biden proposed a 30% tax on miners' income. But according to Marathon Digital CEO Fred Thiel, such a tax would not work. According to Fred Thiel, introducing such draconian measures would simply force mining com ...
Royal Group Opens Billion Dollar Short Position on US Treasury Bonds
Sheikh fears default The firm also "drained" previously bought counterparty shares in the States Royal Group is ready to return to the market, but after the investment climate improves The Royal Group investment company, which manages the capital of t ...
Marathon Digital Receives Another Lawsuit from SEC over Operations in Montana
American mining company Marathon Digital reported receiving another lawsuit from the U.S. Securities and Exchange Commission (SEC) as part of an investigation into the firm's operations in Montana. Marathon Digital received its first lawsuit back in November 2021, and since ...
Marathon and Zero Two Plan 250 MW Mining Complex in Abu Dhabi
The "farm" will reach capacity of 7 EH/s by the end of the year The complex consists of two facilities in Mina Zayed and Masdar City With Zero Two owning 80% of the facility Marathon and Zero Two announced a new project targeting the Middle East yeste ...
Marathon Digital and Zero Two to establish bitcoin mining farms in Abu Dhabi
Mining company Marathon Digital Holdings has partnered with digital asset infrastructure firm Zero Two to set up two mining farms in Abu Dhabi. According to a statement from Marathon Digital, there will initially be two bitcoin mining facilities, with a total capacity of ...
Swiss Digital Bank Sygnum Launches Abu Dhabi Branch to Serve Crypto Clients
Sygnum, a digital bank based in Switzerland, has opened a new branch in the Abu Dhabi Global Market (ADGM) to cater to affluent clients and businesses involved in cryptocurrencies. The bank's spokesperson revealed that Sygnum aims to expand its activities in the Middle East, hence the decision to ...
Massive Withdrawals and Asset Movements from FTX and Alameda Research Affiliated Wallets Despite Ongoing Investigation
Amidst an ongoing investigation by law enforcement into FTX and its subsidiary, Alameda Research, someone has made a hefty withdrawal of 69.64 million USDT stablecoins and 75.94 million USDC from affiliated wallets. According to the Lookonchain service, funds from three wallets linked to bankrupt ...