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Category: U.S

Cryptocurrency News From The U.S

Posted in Mining News U.S

US-based Power Plant is Mining Bitcoin Worth $50,000 On a Daily Basis

 Author: Michael Ellis  Published Date: March 5, 2020  Leave a Comment on US-based Power Plant is Mining Bitcoin Worth $50,000 On a Daily Basis

The New York-based power plant starts the mining of Bitcoin after installing 7,000 mining rigs. The mining farm is capable of mining cryptocurrency worth $50,000….

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Posted in News Taxation U.S

Cryptocurrency Investors in US Have Started to Receive Letters From The IRS

 Author: Michael Ellis  Published Date: July 29, 2019  Leave a Comment on Cryptocurrency Investors in US Have Started to Receive Letters From The IRS

[finance.yahoo.com] The Internal Revenue Service (IRS) has begun sending letters to over 10,000 U.S. cryptocurrency investors last week, asking them to report their crypto holdings…

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Posted in Regulation U.S

U.S. Regulator Probing Crypto Exchange BitMEX Over Client Trades

 Author: Michael Ellis  Published Date: July 19, 2019  Leave a Comment on U.S. Regulator Probing Crypto Exchange BitMEX Over Client Trades

[bloomberg.com] The U.S. Commodity Futures Trading Commission is investigating crypto exchange BitMEX, according to people familiar with the matter, a platform that’s become wildly popular…

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Posted in Regulation U.S

FCA Proposes Ban on Cryptocurrency Products

 Author: Michael Ellis  Published Date: July 3, 2019  Leave a Comment on FCA Proposes Ban on Cryptocurrency Products

Financial Conduct Authority says crypto-assets are ill-suited to small investors and very volatile (theguardian.com) The UK’s markets regulator has proposed a ban on financial instruments…

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