The U.S. government is considering a 10% tax on electricity used for crypto mining. It aims to generate $300 million annually and push for energy-efficient technologies. Mining firms oppose it due to competitiveness concerns.
Bitcoin's hashprice rose by 20% after a 4.6% drop in network difficulty, boosting miner profitability.
Bitcoin miners in the U.S. incur 50% losses per Bitcoin due to high energy costs, averaging $107,000 per coin.
The SEC is increasing oversight of crypto exchanges and mining companies, impacting market dynamics.
Cryptocurrency markets are experiencing major shifts, with Bitcoin mining companies' stock values dropping post-halving, potentially impacting future market trends.
CEOs of major public Bitcoin mining companies are optimistic about the upcoming Bitcoin halving event, despite a year of underperformance, with market share consolidation noted by Bernstein analysts.
Hut 8, a Bitcoin mining company, reveals that Wall Street banks are approaching them directly to buy Bitcoin, indicating a supply shortage.
