Malaysian Authorities Bust Illegal Bitcoin Mining Operations

Authorities in Malaysia have raided several Bitcoin mining facilities after discovering that they were siphoning electricity for free, local media company Malay Mail reports. Tenaga Nasional Berhad (TNB), a major electricity and utility company in the country, reportedly lost around $760,736 (3.2 million Malaysian ringgit) in unpaid power fees to the miners. After the malpractice…

Congressman Reintroduces Cryptocurrency Tax Bill

Congressman Ted Budd has introduced a bill to the U.S. House of Representatives to reform the national tax code around cryptocurrency. According to the text of this bill, first filed on July 25, 2019, the goal is “to allow exclusion of gain or loss on like-kind exchanges of virtual currency.” While the proposed changes to…

9th August 2019

JavaScript is disabled You need to enable JavaScript to use SoundCloud Show me how to enable it published on — Coinbase prevents major phishing attack — Binance plans to offer support for 30 tokens available to US customers — Blockstream to launch Bitcoin mining farm — Ripple looking to continue with investments after MoneyGram —…