US Government May Impose Disciplinary 30 Percent Taxes on Crypto Miners: Details

US Government May Impose Disciplinary 30 Percent Taxes on Crypto Miners: Details

ByNews Polite

The US, in recent years, has emerged as a hotspot for crypto miners to establish their operations, especially after China imposed a blanket ban on all crypto-related activities in 2021. Given the environmental concerns and the power intensive nature of crypto mining, the US is mulling on imposing a punitive…

Agro Blockchain Sells BTC Mining Biz of Texas to Galaxy Digital Amid Crypto Plunge

Agro Blockchain Sells BTC Mining Biz of Texas to Galaxy Digital Amid Crypto Plunge

ByNews Polite

Agro Blockchain, a multi-national crypto mining company, found itself in a difficult position after the overall crypto sector declined sharply in valuation throughout 2022, and especially in the last two months. The company, amid the ongoing crypto slump, has officially sold off its Texas-based mining facility to Galaxy Digital Holdings,…

Climate Crisis: Fossil Fuel Plants That Power BTC Mining to Lose Permits in New York State

Climate Crisis: Fossil Fuel Plants That Power BTC Mining to Lose Permits in New York State

ByNews Polite

The New York State government in the US is going bullish on promoting green crypto mining. The State Senate has reportedly passed a bill, that could restrict operational permits for fossil fuel plants that power Bitcoin mining. If Governor Kathy Hochul signs this bill, it would also lead to a…