Bitcoin Born

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BTC stocks correlation ‘not what we want’ — 5 things to know in Bitcoin this week

On April 11, 2022 By John Davidson In bitcoin, Bitcoin Mining, BTC price, difficulty, federal reserve, macro, Markets, stocks

Bitcoin (BTC) starts the second week of April with a whimper as bulls struggle to retain support above $40,000. After a refreshingly low-volatility weekend, the latest weekly close saw market nerves return, and in classic …

Chinese police seize 190 crypto miners from an illegal mining farm.

On March 8, 2022 By John Davidson In Beijing, Bitcoin Mining, china, Mining, Mining Pools, Regulation

The Guangdong province’s Development and Reform Commission has reportedly busted an illegal crypto mining farm secretly operating in an electric vehicle charging station. According to a local newspaper, the secret crypto mining farm was discovered …

The European Parliament will vote on the crypto bill in its entirety without PoW provisions

On March 7, 2022 By John Davidson In Bitcoin Mining, Cryptocurrencies, Europe, european union, Law, Mining, Regulation

Following concerns about proof-of-work miners, the European Union’s parliament has planned a vote for a framework to regulate cryptocurrencies. Stefan Berger of European Parliament Committee on Economics and Monetary Affairs stated Monday on Twitter that …

Kazakh government halts illicit crypto mining operations

On February 22, 2022 By John Davidson In Bitcoin Mining, Hash Rate, Kazakhstan, Mining, Mining Pools, Regulation

Kazakh Ministry of Energy has announced the closure of 13 crypto mining companies. As part of efforts to regulate Bitcoin (BTC), the government shut down the mining operations. This sector has become increasingly popular over …

In the next update of the index, Kazakhstan is likely to lose its Bitcoin leadership position

On February 21, 2022 By John Davidson In Bitcoin Mining, Cryptocurrencies, Hash Rate, Kazakhstan, Mining, Regulation, Russia, united states

Kazakhstan, one of the world’s top Bitcoin (BTC) mining locations, is likely to lose its BTC hash rate share leadership in the next hash rate distribution update, according to industry experts. According to Cambridge Bitcoin …

Georgia punches effectively above its weight for Bitcoin mining: Report

On February 21, 2022 By John Davidson In Bitcoin Mining, Bitfury, Cryptocurrencies, Georgia, Hydrominer, Mining, Regulation, Republic of Georgia

At first look, the pint-sized Republic of Georgia is an unlikely suspect for Bitcoin (BTC) mining exercise. An underdog for mining, the nation boasts considerable hydropower whereas ranked seventh worldwide for the World Financial institution’s …

Russian Ministry needs to legalize Bitcoin mining in particular areas

On February 15, 2022 By John Davidson In Bitcoin Mining, Cryptocurrencies, electricity, Energy, Government, Mining, Regulation, Russia

Amid the Russian authorities persevering with working onerous to give you cryptocurrency rules, a federal ministry has made one other proposal relating to the crypto mining trade. Russia’s Ministry of Financial Improvement has greenlighted the …

Crypto miners exempt from IRS reporting guidelines, US Treasury affirms

On February 14, 2022 By John Davidson In Bitcoin Mining, Cryptocurrencies, Law, Regulation, taxes, united states

The cryptocurrency trade in the USA is about to attain a serious authorized win because the U.S. Treasury Division plans to spare crypto miners, and different “ancillary events” from tax reporting guidelines. In a letter …

The sustainable Bitcoin miner turns waste heat into dry wood

On February 11, 2022 By John Davidson In Bitcoin Mining, Greenergy, Hydrominer, Mining, Norway, Regulation

Norway has been a stronghold for European renewable energy management. As much as 99% of Norway’s energy derives from hydropower while the grid often enjoys a green energy surplus. But for Norway’s largest data center and …

Bill Ackman, a billionaire, calls for New York crypto clarity

On February 10, 2022 By John Davidson In bitcoin, Bitcoin Mining, BitLicense, New York, Regulation

Bill Ackman is a multi-billionaire investor and has asked New York City Mayor to examine the BitLicense regulatory crackdowns. One New Yorker expressed his disgust on Twitter at the poor crypto policies in the city, …

No precedent: IRS court docket settlement would not make clear crypto staking taxes

On February 10, 2022 By John Davidson In Analysis, Bitcoin Mining, Court, digital currency, Education, Government, IRS, Law, Legal Brief, Mining, Proof-of-Stake, Proof-of-Work, Regulation, taxes, Tezos, united states

In Might 2021, a Nashville couple often known as the Jarretts filed a lawsuit towards the US Inside Income Service (IRS) over taxes they’d paid on unclaimed and unsold Tezos (XTZ) staking rewards. Originally of …

Key policy issues for crypto mining in America include Fossils, Renewables and PoW vs. PoS.

On January 30, 2022 By John Davidson In Bitcoin Mining, Bitcoin Regulation, congress, Cryptocurrencies, Energy, Energy Consumption, Green technology, Mining, policies, PoW, Regulation, USA

On Jan. 27, a group of eight U.S. lawmakers, led by Senator Elizabeth Warren, sent letters to the world’s six largest Bitcoin mining companies, demanding to reveal the detailed data on their electricity consumption. This …

Brian Brooks (an ex-pro-crypto CoC member) will give evidence before the House about the energy impacts of mining

On January 18, 2022 By John Davidson In Bitcoin Mining, Bitcoin Regulation, Brian Brooks, congress, Energy, Energy Consumption, Law, Mining, Regulation, US Government, USA

U.S. Congress will examine cryptomining’s energy consumption. Thursday’s hearing list will feature more blockchain supporters than critics. The House Energy and Commerce Oversight Subcommittee announced a hearing on “Cleaning Up Cryptocurrency: The Energy Impacts of …