Senator Cynthia Lummis Doubts Proposed 30% Tax on Miners’ Income Will Pass
American Senator Cynthia Lummis, known for her cryptocurrency-friendly attitude, believes that the Biden administration's proposed 30% tax on miners' income is unlikely to pass. During the Bitcoin Miami 2023 conference, Cinthia Lummis emphasized her support for miners and c ...
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 ...
Bitcoin Miner Riot Platforms Sues Rhodium Enterprises for $26 Million in Unpaid Fees
One of North America's largest bitcoin miners, Riot Platforms, has sued Texas-based rival Rhodium Enterprises, claiming $26 million in unpaid mining fees. According to Riot Platform's first quarter 2023 financial report, Rhodium breached its contract with Riot by failing ...