Hut 8 Mining, the last publicly-listed bitcoin miner attempting a 100% “HODL” strategy since the bull market, has failed to do so thanks to crypto-winter.
March 15, 2023 | | | | Milk Road has acquired Bitcoin Price! Milk Road is the #1 crypto newsletter that is free and will make you smarter about crypto! | | | | 📈 30 Second Cryptocurrency Price Summary | Current Bitcoin Price: $24,232 | Bitcoin price has round-tripped back to the $24,000 area as price fails to maintain the price levels from yesterday's advance. | Top-20 altcoins have also erased their gains from yesterday, as Ether drops 8%, BNB falls 5% and Cardano tumbles 12%. | Top Stories for March 15, 2022 🔥 | | Hut 8 Mining, the last publicly-listed bitcoin miner attempting a 100% “HODL” strategy since the bull market, has failed to do so thanks to crypto-winter. | The company sold 188 bitcoins in February to fund operations, indicating that miners are finding it difficult to raise funds for operations amid a slide in the broader financial market and narrowing margins. | Holding onto a reserve of bitcoin that miners produce can be very expensive and the prolonged bear market resulted in the bankruptcies of some large-scale miners. | | UK taxpayers will have to declare profits from cryptocurrency separately on their tax returns for the first time, according to a statement released by the government. | The changes will come into effect from the 2024-25 tax year, affecting returns filed from 2025. The UK government estimates that the change will generate £10 million ($12 million) per year from the 2025-26 fiscal year. | Only higher earners, the self-employed, those with complex tax affairs or those who need to declare investment income tend to need to complete forms. | | US officials have filed a motion to remove a provision included in Voyager Digital's bankruptcy plan that would prevent them from legally pursuing anyone involved with the sale of digital assets to Binance.US. | The provision protects those involved in carrying out the sale from being held personally liable for its implementation. US officials argue that the provision would impede the government's ability to enforce its police and regulatory powers. | A hearing on the issue is set to occur on March 15, and the plan is expected to result in Voyager creditors recovering approximately 73% of the value of their funds. | | Today on Milk Road: Is Bitcoin still undervalued? Say hello to the banks still serving crypto, Graph of the Day: Weekly crypto asset flows and Web3 Wednesday - Best jobs in crypto. |
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