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30 May 23

US debt ceiling deal cancels 30% bitcoin mining tax

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A tentative deal aimed at averting a US government default on its debts has relieved cryptocurrency miners, particularly bitcoin (BTC) ones. Ohio Representative Warren Davidson has revealed that the proposed agreement includes removing a controversial tax on the energy consumption of […]
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12 May 23

Circle rebalances treasury holdings amid US debt default concerns

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Concerns about a possible U.S. government default have prompted Circle, a prominent stablecoin producer, to adjust its treasury holdings. The business has chosen to keep a reserve portfolio heavily weighted toward short-term U.S. treasuries.  The move to short-dated debt occurs as debate rages […]
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