New People infrastructure bill spells complications for DeFi
infrastructure spells

New People infrastructure bill spells complications for DeFi

Late last week, Congress passed a $1.2 trillion bipartisan infrastructure bill in the United States. After much deliberation and debate, the bill passed 228-206, making funds available for much-needed upgrades to America’s critical infrastructure. While the bill will mean funding for roads, pipelines, and the electric grid, it also has a clause on reporting financial…

The infrastructure bill is hanging in the total amount. What would its enactment mean for crypto?
hanging infrastructure

The infrastructure bill is hanging in the total amount. What would its enactment mean for crypto?

Hinging on Democrats’ ability to resolve intraparty disagreements, the controversial legislation could have tangible consequences for digital finance in the U.S. and beyond — if passed by the House today…

Infrastructure Costs Seeks To Obligate VISITORS TO Report Bitcoin Obligations Of Over $10,000 To The IRS
infrastructure seeks

Infrastructure Costs Seeks To Obligate VISITORS TO Report Bitcoin Obligations Of Over $10,000 To The IRS

The tax change would extend the IRS cash payments reporting requirements to bitcoin and cryptocurrencies.According to Publication 1544 of the U.S. Internal Revenue Service (IRS), any person who receives more than $10,000 in cash in 12 months due to a trade or business must report it to the IRS and the Financial Crimes Enforcement Network…

So how exactly does the infrastructure bill affect the mining industry in america?
affect infrastructure

So how exactly does the infrastructure bill affect the mining industry in america?

The uncertain language — intentional or not — of the infrastructure bill poses an existential threat to the U.S. Bitcoin mining industry.

Infrastructure bill place for the vote by Sept. 27 without adjustments to crypto tax provisions
Changes infrastructure

Infrastructure bill place for the vote by Sept. 27 without adjustments to crypto tax provisions

The House of Representatives will vote on the controversial infrastructure bill without amendments to its cryptocurrency provisions by Sept. 27.

Infrastructure bill passes, Coinbase posts $1.6 billion in Q2 profit, $600 million stolen in DeFi hack: Hodlers Digest, Aug.8-14
infrastructure passes

Infrastructure bill passes, Coinbase posts $1.6 billion in Q2 profit, $600 million stolen in DeFi hack: Hodlers Digest, Aug.8-14

Infrastructure bill passes, Coinbase posts $1.6 billion in Q2 profit, $600 million stolen in DeFi hack: Hodler’s Digest, Aug.8-14

Mawson Infrastructure Team Buys 17,352 Bitcoin Mining Rigs From Canaan
infrastructure Mawson

Mawson Infrastructure Team Buys 17,352 Bitcoin Mining Rigs From Canaan

The Australian bitcoin mining infrastructure provider bought 17,352 Avalon A1166 and A1246 machines from rig maker Canaan.Mawson Infrastructure Group, a bitcoin mining infrastructure and management provider, has announced it purchased 17,352 ASIC bitcoin mining rigs from hardware maker Canaan. The successful deployment of all machines could increase Mawson’s current hashrate capacity by 1,500 petahashes (PH).”Coupled…

Infrastructure Then AND TODAY: Bitcoin Can Propel Us all Forward
Bitcoin infrastructure

Infrastructure Then AND TODAY: Bitcoin Can Propel Us all Forward

“Infrastructure” is defined as the basic physical and organizational structures and facilities (e.g. buildings, roads, power supplies) needed for the operation of a society or enterprise.There have been instances in our country’s history where infrastructure projects/legislation have been used to propel our nation to new heights.In the 1860s, despite the Civil War, construction of the…

The Senate Wars: The Infrastructure Costs And Janet Yellen Against Bitcoin
infrastructure Senate

The Senate Wars: The Infrastructure Costs And Janet Yellen Against Bitcoin

In July, the White House and Sen. Rob Portman (R-Ohio) agreed to a proposal that would require increased tax obligations for bitcoin “brokers” as a means to help fund the bipartisan infrastructure bill. However, the dubious definition the deal brings on what a “broker” would be in the Bitcoin network spurred criticism and revolt.Under the…

US Infrastructure Bill Writer Claims Bitcoin Miners and Coders WILL UNDOUBTEDLY BE Exempt
Author infrastructure

US Infrastructure Bill Writer Claims Bitcoin Miners and Coders WILL UNDOUBTEDLY BE Exempt

US lawmakers are moving to deny that provisions in a proposed $1 trillion infrastructure bill are intended to be as broad as interpreted by Bitcoin policy groups.US lawmakers are moving to deny that provisions in a proposed $1 trillion infrastructure bill now moving through Congress are intended to be as broad as interpreted by leading…