Welcome to our cryptocurrency events review. The last few days were full of interesting news from the world of digital assets.
Review of the past week:
| March 12, 2024 | Biden resurrects 30% crypto mining tax in new budget proposal. U.S. Senator Cynthia Lummis said that while this shows that the government is bullish on crypto, a 30% tax would destroy the industry’s foothold in the country. Read more |
| March 12, 2024 | $1.4 billion of bitcoin mined last year by once bankrupt Core Scientific. Despite going through a bankruptcy crypto mining firm Core Scientific mined 19,274 bitcoin (roughly $1.4 billion at current prices) during 2023. Read more |
| March 13, 2024 | Bitcoin Tops $73,000 to Hit New Record On Insatiable ETF Demand. Largest cryptocurrency is up around 75% already this year. Read more |
| March 14, 2024 | Layer 2 Blockchains Become Cheaper After Ethereum’s Dencun Upgrade. The upgrade allows layer 2 solutions to store data in “blobs” instead of the expensive call data. Read more |
| March 14, 2024 | The debt offering comes just days after the company closed on an $800 million capital raise, also with proceeds used to buy bitcoin. Read more |
As the crypto landscape evolves, so does the need for a reliable platform. At FYBIT, we provide the tools for your success. Don’t wait, trade with FYBIT.
Best regards,
FYBIT team
