A crypto lobbying organization has sued the state of Illinois over a last-minute tax provision inserted into the state budget last month. The Digital Chamber alleged that Illinois’ Digital Asset Tax Act violated both the U.S. and state constitutions and is preempted by a federal tax law. The lawsuit, filed Tuesday, asks a federal judge […]
France’s gambling regulator, the Autorité Nationale des Jeux (ANJ), ordered internet service providers to block Polymarket on July 16, treating the prediction market as an illegal gambling site rather than a financial trading venue. The ANJ said earlier restrictions had failed to keep French users off the platform. Polymarket drew 578,751 visits from 205,057 unique […]
The U.S. Commerce Department would have more authority to shield domestic artificial intelligence technology from the supply chains of foreign adversaries in a bill introduced Tuesday by two Republican senators who’ve been at the center of crypto legislation in this congressional session: Tim Scott and Bill Hagerty. The new bill would give Commerce the ability […]
The biggest decentralization move bitcoin mining has seen in years just happened quietly, with seven of the largest pools agreeing to back the same open standard. Foundry, AntPool, F2Pool, SpiderPool, MARA Pool, Block Inc, and DMND have all joined the Stratum V2 working group, the group announced last week. Stratum V2 is an open-source protocol […]
A solo bitcoin miner running roughly 230 terahashes per second of computing power validated block 943,411 on Thursday, pocketing 3.139 BTC worth about $210,000 despite controlling a share of total network hashrate so small it rounds to zero on most dashboards. The miner was connected to solo.ckpool.org, the anonymous solo mining pool introduced in 2014 […]
Bitcoin fell below $100,000 on Sunday, its lowest point since May, signalling risk aversion on Wall Street on Monday amid reports that Iran is leaning towards blocking the Strait of Hormuz. The Strait, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea, handling roughly 20% of […]