Kazakhstan Introduces Cryptomining Energy Surcharge

Kazakhstan’s President Kassym-Jomart Tokayev has signed a new law this week imposing an additional tax fee for energy utilized by crypto miners operating in the country.  The new law will charge cryptocurrency miners an additional fee of 1 Kazakhstan tenge …

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Iranian Authorities Seize at least 7000 Illegal Crypto Mining Rigs

Iranian police have seized at least 7,000 illegal cryptocurrency rigs from an abandoned factory in Tehran. Cryptocurrency mining has been banned for four months to allegedly reduce blackouts in the country during the summer months.  Blockchain analytics firm Elliptic said …

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Latest Crypto Crash Wipes Out Billions of Dollars from Investors

The price of cryptocurrencies has crashed even further on Tuesday wiping off long (buy) positions worth over $10 billion. The price of bitcoin is currently about 50% off its all-time high of around $65,000 last April. Other smaller cryptocurrencies like …

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Elon Musk Announces Tesla to Accept Bitcoin Again

Elon Musk has announced on Sunday that Tesla will resume allowing bitcoin transactions once miners use more renewable energy. “When there’s confirmation of reasonable, (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing bitcoin transactions,” …

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China Blocks Crypto Social Media Accounts Amid Crackdown

The Chinese government has started cracking down on crypto-related social media accounts in its latest campaign against cryptocurrency mining and trading. Beijing has blocked a number of crypto-related accounts in China’s Twitter-like Weibo platform over the weekend. “The government makes …

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Biden Global Data Sharing Plan to Target Crypto Tax Evaders

The Biden administration has proposed the mandatory collection of investor’s data actively investing in the cryptocurrency markets in the US in an effort to catch cryptocurrency tax evaders. Biden’s Fiscal Year 2022 Revenue Proposal is aiming to reinforce existing information …

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