Skip to main content

US Debt Ceiling Agreement Blocks Proposed 30% Tax on US Cryptocurrency Mining

The US Debt Ceiling Agreement is causing quite a stir with its latest update . The controversial Mining Related Energy Consumption (DAME) excise tax provision originally suggested by the Biden administration has been unexpectedly removed from the deal . This unexpected twist has sparked debates and raised questions about the fate of the tax and what it means for the cryptocurrency mining industry .

The Controversial Mining-Related Energy Consumption (DAME) Tax Provision Removed from the Deal

Back in March President Biden tossed around the idea of slapping an excise tax on energy usage in cryptocurrency mining . The goal was to tackle the economic and environmental costs associated with mining digital assets, which have been on the rise lately .

Comments

Post a Comment

Popular posts from this blog

What is Sui Network (SUI)?

This article aims to offer insights into Sui and examine its historical price fluctuations using price analysis , charts , and technical indicators . Our goal is to determine support and resistance levels while providing guidance for investors in making informed trading decisions. What is Sui and Features Sui (SUI) is a cutting-edge blockchain platform that aims to offer fast , private , secure, and inclusive digital asset ownership . It provides a Tier-1 infrastructure where smart contracts can be created and executed efficiently . Sui ‘s primary focus lies in optimizing low-latency transfers and ensuring instant transaction finality . One of the key features of Sui is its ability to achieve “horizontal scaling” through a technique called “transaction parallelization.” This innovative approach enables independent transaction types to undergo “parallel consensus,” allowing for efficient verification by Sui nodes . By organizing data as separate objects , each transaction can be verifie...
Post a Comment
Read more

North Korean Hackers Launder Money Through Cloud Mining

Hackers and cybercriminals, who are often responsible for the most vicious hacks, serve as a stark reminder of the critical importance of our digital security. One of the most notorious groups is the North Korean hacker army, which has conducted numerous cyberattacks and is engaged in a global cyberwar. Another group, known as APT43, has come under close scrutiny for allegedly laundering stolen funds into clean bitcoins using a cloud mining service. Recent analyses have shed new light on their activities.
Post a Comment
Read more

VUG vs. QQQ: Comparing Top Growth ETFs for Maximum Returns

Investors who are looking for exposure to growth stocks have their eyes set on top-performing ETFs like VUG and QQQ . With superb track records these funds offer the potential for significant gains in the US growth stock market . But choosing between VUG and QQQ can be tricky . In this comprehensive review we compare VUG vs QQQ in order to help you make an informed investment decision . VUG: Vanguard Growth ETF VUG was launched in 2004 and it provides exposure to U .S . large-cap growth companies . It follows a passively managed full-replication approach that aims to replicate the performance of the largest growth stocks in the country . VUG has a significant allocation in Technology (49 .30%) and Consumer Discretionary (22 .80%) with 266 stocks across 11 sectors Major holdings include Apple Inc (12 .80%) and Microsoft Corporation (11 .30%) . The total net asset of the VUG portfolio is $145 .6bn . FOR MORE INFO:  https://finvestime.com/vug-vs-qqq-comparing-top-growth-etfs-for-maxim...
Post a Comment
Read more