Tag: Bitcoin mining
US EIA Plans To Erase Bitcoin Mining Survey Data And Invites Public Feedback
The US Energy Information Administration (EIA) has nullified all data obtained from its emergency survey on Bitcoin mining, as per recent court filings. This decision, made in collaboration with the Texas Blockchain Council, extends to subsequent data collection and underscores ongoing legal battles concerning regulatory scrutiny within the cryptocurrency industry.
US Energy Officials Agree To ‘Destroy’ Any Data From The Cryptocurrency Mining Study
The Texas Blockchain Council (TBC) and Riot Platforms, a Bitcoin mining firm, have successfully halted a proposed emergency survey by United States energy officials targeting crypto miners nationwide. The survey, labeled as the “EIA-862 Emergency Collection Request,” faced opposition from the TBC and Riot Platforms, who deemed it intrusive and potentially harmful to innovation and economic growth. As part of the settlement, previously collected data will be deleted, and any future information obtained will be discarded.
Celsius Recovers from Bankruptcy, Paying Back Creditors and Sets Up A Bitcoin Mining Firm
In a bid to rebuild trust and repay creditors, Celsius, the embattled crypto lender, is making waves with a two-pronged approach: distributing over $3 billion and forging a novel Bitcoin mining venture, Ionic Digital, co-owned by creditors and miners. While these moves offer hope, questions linger about long-term strategy, asset sales, and potential tax implications for creditors.
