The Consumer Price Index (CPI) report is released monthly by the US Bureau of Labor Statistics and it can have a significant impact on the financial markets, including cryptocurrencies such as Bitcoin.
Bittrex, a U.S. cryptocurrency exchange, filed for Chapter 11 bankruptcy in Delaware. This happened after the exchange was sued by the Securities and Exchange Commission (SEC) for operating an unregistered securities exchange
The Cryptocurrency and Regulation of Official Digital Currency Bill is being drafted to develop a suitable environment for introducing digital currency issued by the Reserve Bank Of India (RBI)
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The Biden administration has proposed a 30% tax on electricity consumption for cryptocurrency mining operations. This proposal is a part of the budget for the fiscal year 2024. The Council of Economic Advisers (CEA) at the White House has presented a strong argument that crypto mining has negative impacts on the environment, quality of life, and electricity grids
It has been reported that a number of creditors of Genesis have backed out of the bankruptcy restructuring plan that had previously been agreed upon. This plan had been supported by Digital Currency Group (DCG), the parent company of Genesis, as well as its main creditors, including Gemini.
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