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In a voting majority, earlier this week, Norway’s parliament the Storting ruled against a proposal to outlaw Bitcoin mining. Proposing the bill was Sofie Marhaug, representing Rodt, Norway's communist party. Marhaug’s party contended that Bitcoin extraction consumed too much energy which according to them was not good for Norway’s electricity reserves.   Backing them were only two parties: The Socialist People's party and the Labor party. Unfortunately for rising Bitcoin mining naysayers, the Storting disagreed and rejected the proposal. Bitcoin Mining…

Earlier this month, Terra co-founder Do Kwon claimed that there is “entertainment” in watching companies die. In an interview with the chess streamer Alexandra Botez, Kwon stated confidently that 95% of today’s crypto startups are “going to die”. While laughing it off, the co-founder also claimed that there is “entertainment in watching companies die too”. As of today, Do Kwon is under fire due to the de-pegging of TerraUSD – the dollar-pegged stablecoin of the Terra blockchain. The fallout has…

Legendary value investor Bill Miller has HODL’d through Bitcoin’s recent crash despite it reaching price lows unseen since December of 2020. The investor maintains that Bitcoin is fundamentally different from all other cryptocurrencies and that it lacks true competition. Bitcoin Above All for Bill Miller In an interview with CNBC on Thursday, Miller said that Bitcoin has correlated with different multiple metrics throughout the years. He currently sees it correlated with “risk-on, risk-off”, an investment setting when price behavior swings…

The backlash of the recent abrupt decline of Terra's Luna continues as Binance delists it from its futures trading.  The Binance derivative arm made the announcement earlier this morning. The exchange prompted all traders with currently opened positions to close them no later than 8:30 am (UTC)  today when the delisting officially took place. Once the delisting happened, they would automatically settle all USDT-Margined LUNA perpetual contracts. Furthermore, the exchange reviewed the LUNA perpetual contracts’  leverage and margin tiers. It…

Cardano founder Charles Hoskinson came out yesterday to share his thoughts on the nascent space through a Twitter video titled A Few Musings. He started by sharing Bitcoin’s (BTC’s) history. Specifically, he recalled when it traded below $1 and its recent climb to over $60,000 before plummeting again. He also discussed various events over the years, including the collapse of Mt. Gox and Silk Road. Hoskinson also spoke of interesting ventures like Mastercoin and Colored Coins. However, despite these ups…

Crypto payments make up a good chunk of AMC’s revenue. Late last year, Adam Aron, CEO of AMCTheaters announced in a tweet that the entertainment company would accept cryptocurrencies as payment online. It was a bold move that revealed his soft spot for blockchain technology, and one that has seemingly paid off significantly.  According to the CEO, more than a third of its ticket revenues were from cryptocurrencies. On the list of its acceptable coins were Bitcoin, Bitcoin Cash, Ethereum,…

Crypto holders in the country will no longer be held to the previous traditional "10-year" rule.   Germany’s federal ministry of finance has published a release outlining its plans for taxing crypto and blockchain-related income.   Among other things, Germans who sell their crypto holdings after 1 year of possession do not have to pay taxes.  Tax-Free After a Year According to Parliamentary State Secretary Katja Hessel, this applies specifically to digital currencies Bitcoin and Ethereum. This is only one of…

The international hacktivist collective known as “Anonymous” is now sourcing funds from the crypto community to help fight Russia and other governments alike. It has partnered with an organization “CultDAO”, which has already agreed to donate 13 ETH to the cause. Understanding CultDAO Anonymous announced its support from CultDAO over Twitter on Wednesday. It promised to ramp up its cyber-warfare efforts after declaring war on Russia’s government for invading Ukraine in March. This included allying with CultDAO, which it claims…

Increased minting capacity leads Terraform CEO's grand plans. In response to Terra’s devastating decline this Monday, co-founder, Do Kwon promised to work alongside users in resolving the crisis.  Since Bitcoin’s accelerated dip began on Monday, UST has dropped to $0.7, then $0.48. Its present price is less than half its originally designated price peg. LUNA in turn has tanked by more than 90% in the past day.  Holders of the beleaguered digital asset hurried en masse to liquidate UST in…