Bit Digital plans to house 2,500 new bitcoin-mining machines in Iceland after the Biden administration proposed a hefty crypto-mining tax
Biden administration is seeking to impose a big levy on crypto minersCrypto imploded in 2022, as investors lost faith in digital assets and the industry was plagued with crisis. But unlike other collapses, the crash has largely avoided rippling into other markets.
WSJ explains how crypto became so interconnected. Illustration: Mallory Branganis expanding its operations to Iceland in a bid to hedge the bitcoin-mining company’s regulatory risk amid a proposed a crypto-mining tax from the Biden administration.Continue reading your article with
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