Coin Center’s Recommendations for US Crypto Tax Legislation
Cryptocurrency advocacy group Coin Center has provided suggestions for United States lawmakers to consider in potential legislation related to taxation of digital assets. In an Aug. 21 letter to Senators Ron Wyden and Mike Crapo, Coin Center pointed to the Virtual Currency Tax Fairness Act — a bi ...
Noteworthy Solo Bitcoin Miner Successes and Pooled Efforts
Solo miner managed to mine a block on the Bitcoin network and get 6.25 BTC for it, which is roughly equal to $162000 at the current exchange rate. A CKPool mining pool user with the wallet address bc1q2za4ejga366sn288273pty8trasn5zs4y9hqg6 mined a block in the network ...
Bitcoin Mining Revenue Surges to $755M in March 2023
Bitcoin mining companies have reported their best results since May of the previous year, with a combined revenue of $755 million generated in March of 2023. The hashrate of the Bitcoin network continues to rise, and so does the difficulty of mining the first cryptocurrency. Despite these chal ...