Our Latest News and Articles

The federal government is scrapping its emergency survey of the Bitcoin mining industry’s power usage, following a lawsuit by the publicly traded miner Riot Platforms and the Texas Blockchain Council. Last week, the plaintiffs secured a 14-day delay on a deadline miners were given to submit data on their power usage, which had been made mandatory by the Cryptocurrency Mining Facilities Survey. The Department of Energy and the Energy Information Administration settled the lawsuit today, agreeing to withdraw the survey altogether. (The DOE didn’t immediately respond to a request for comment.)

The current state of crypto regulation is a “Catch-22,” a series of absurd and contradictory rules and requirements that are impossible to follow. Marcelo M. Prates is a central bank lawyer and researcher. In Joseph Heller’s famous novel, a Catch-22 refers to a stipulation that pilots seeking to be excused from their combat duties could file a request stating they are insane. With one catch: filing the request implies that the petitioner is sane and, thus, ineligible to be excused.

Though MicroStrategy is a software and AI company, they are hoping to rebrand themselves into the "the world's first Bitcoin development company". Led by chairman Michael Saylor

(Bloomberg) — To Jamie Dimon, it's no better than a “pet rock.” To the late Charlie Munger, longtime lieutenant to Warren Buffett, it's “massively stupid.” And to US Senator Elizabeth Warren, it's a great tool if you’re a terrorist, drug dealer or fraudster. Most Read from Bloomberg