Day: 18 March 2023

Congressman: CBDCs Could Be A Powerful Spy Tool

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The US government is ramping up to develop a CBDC, a digital dollar that facilitates more efficient and secure payments. But the launch of an US CBDC could come at a risk to citizens’ privacy, according to Congressman Tom Emmer. Digital Lockdown Minnesota Representative Tom Emmer spoke at the Cato Institute on Thursday about the future of the US upon the potential implementation of a central bank digital currency (CBDC). The digital dollar, as warned by the Republican Sen., threatens to disrupt the country’s monetary system. The idea of a…

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Marathon Digital Lost $687 Million In 2022, Q4 Revenue down 58%

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Bitcoin miner Marathon Digital posted a loss of $687 million for the year 2022.  The firm’s fourth-quarter revenue fell by 58% to just $28.4 million.  The Bitcoin miner’s Q4 revenue was projected to be $38.4 million.  A Q4 impairment charge and a decline in the value of digital assets were identified as major factors for the massive loss.  Crypto mining giant Marathon Digital Holdings lost over half a billion dollars in 2022. The Bitcoin mining firm recently released its earnings report for the fourth quarter of 2022 as well as…

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Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners

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The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to the state and share information about their digital assets. Crypto Companies in Russia Want to Take Part in Ongoing Regulatory Efforts The Russian Association of Cryptoeconomics, Artificial Intelligence and Blockchain (Racib) has asked Finance Minister Anton Siluanov to explain a proposal made by his department to introduce penalties for cryptocurrency miners violating the…

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