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President Biden’s Crypto Mining Tax “Isn’t Going To Happen,” Sen. Lummis Says

US Sen. Cynthia Lummis is not a fan of President Biden’s proposed 30 percent tax on cryptocurrency miners. “That isn't going to happen,” the Wyoming Republican and crypto enthusiast, said on Friday at Bitcoin 2023 Conference in Miami. There are environmental benefits...

, by Sarah Wynn

FOMC Minutes Signal Central Bank Divided on Need for More Tightening – Here is How Crypto Reacted

The minutes from this month’s FOMC meeting of US Federal Reserve policymakers were just released, revealing the bank to be divided on the need for further interest rate hikes.Cryptocurrency, forex, US equity and US bond markets didn’t see much of a reaction to the minutes, the tone of...

, by Michael Davis

Number of Bitcoin Wallets With At Least 1 BTC Hits 1 Million – Smart Money Still Moving In?

Last Friday was a historic day for the Bitcoin network.For the first time in Bitcoin’s history, the number of wallet addresses holding at least 1 BTC entire token surpassed one million.The consistent rise in the number of so-called “wholecoiner” Bitcoin wallets, which resumed in...

, by Michael Davis

Bitcoin Transaction Fees Surge to 2-year Highs – Where Next for the BTC Price?

The mean fee to conduct a transaction on the Bitcoin network just shot to its highest level in nearly two years, as per data presented by crypto on-chain analytics firm Glassnode.On Friday, the average transaction fee clocked in at 0.00032814 BTC, up more than ten-fold from a dip to 0.00003161 on...

, by Michael Davis

Bitcoin Has a Problem in the US Says Prominent Hedge Fund Manager Paul Tudor Jones

American billionaire hedge fund manager Paul Tudor Jones said bitcoin has a “real problem” due to unfriendly regulation in the US, in a recent interview with CNBC.“Bitcoin has a real problem because in the United States, you have an entire regulatory apparatus against it,”...

, by Sarah Wynn

Bitcoin Mining Set to Hit New Record High – What’s Driving the Surge?

The Bitcoin mining difficulty is about to be adjusted to a fresh record high, reflecting a continued rise in the number of mining machines competing to secure the network.According to data presented by CoinWarz.com, the BTC mining difficulty will be lifted from its current level of 49.55 trillion...

, by Michael Davis

How Will Bitcoin Perform in June? Here Is What History Tells Us

Bitcoin is on course to close May down a little over 7%, marking the first negative month for the world’s largest cryptocurrency since last December.The drop would also mark BTC’s worst month since the collapse of cryptocurrency exchange FTX triggered a 16% price drop last November.But...

, by Michael Davis

US Senators Express Concerns over El Salvador’s Bitcoin Adoption – What’s Going On?

El Salvador’s adoption of Bitcoin as a legal tender has caused concern among American lawmakers, who are calling for a risk report on the potential impact on bilateral economic relations and law enforcement cooperation. Last month, US Senators Jim Risch and Bob...

, by Ruholamin Haqshanas

Bitcoin Miner Iris Energy Turns to High-Performance Computing Amid Rising AI Demand

The Nasdaq-listed Bitcoin mining firm Iris Energy has announced its expansion plans to cater to the rising demand of data centers for AI. The mining firm will expand to 9.1 EH/s (exahashes per second) and revitalize its high-performance computing (“HPC”) data center strategy, as...

, by Jai Pratap

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