CryptoNews

Crypto Miners Blame ‘Exorbitant Taxes’ for Kazakhstan Exodus – Mining Bitcoin News

Licensed crypto mining companies have urged the government in Kazakhstan to revise its taxation policy regarding the sector, which they say is in dire straits. The largest mining firms plan to leave the Central Asian nation by the end of this year, warned the members of the industry. Miners Criticize Kazakhstan Government’s ‘Unbalanced’ Tax Rules Crypto mining businesses, authorized to…
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CryptoNews

Vaneck Pledges 10% of Ethereum ETF Profits to Fuel ETH Core Development – Bitcoin News

On September 29, 2023, the asset management firm Vaneck unveiled an initiative to earmark 10% of its profits from its ethereum (ETH) exchange-traded fund (ETF) towards protocol development for at least ten years. This financial infusion will be given to the Protocol Guild, a consortium of over 150 core Ethereum developers, fueling their quest to further refine and grow the Ethereum protocol. A…
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CryptoNews

NFT Sales Slide 9.91% Continuing a 6-Week Downtrend Despite Rising Crypto Prices – Markets and Prices Bitcoin News

Sales of non-fungible tokens (NFTs) have slid once more this week, dipping to 9.91% below the preceding week’s figures. Data reveals that in the span from September 24 to October 1, 2023, around $72,767,450 worth of NFT sales have been logged, marking the latest seven-day stretch. NFT Sales Continue to Slide While the crypto economy has risen over the past seven days, NFT sales have dropped once…
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CryptoNews

Gary Gensler Explains Why SEC Is Taking Litigation-Heavy Strategy to Regulate Crypto – Regulation Bitcoin News

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has explained why the securities regulator is taking a litigation-heavy strategy to regulate the crypto industry. The SEC chair insisted that enforcement actions against crypto firms are not brought with a political agenda, emphasizing that he is protecting the American public. “This is a field where the American public is at…
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