DeFI News by Thebittimes.Com

A number of Democratic U.S. policymakers have written a letter to the CEO of the Electric Reliability Council of Texas (ERCOT) in order to inquire about the cryptocurrency mining operations in the state. The letter that stems from senator Elizabeth Warren’s office says that the lawmakers are concerned with the so-called climate crisis, and the politicians are seeking information on crypto miners “using substantial amounts of electricity” Elizabeth Warren’s Office Sends Letter to ERCOT’s Chief Executive Over Crypto Mining and Its Effects on Climate Change A handful of U.S. bureaucrats have sent a letter to Pablo Vegas, the chief executive officer of the Texas grid called ERCOT. The joint letter is seeking information tied to crypto mining operations and the lawmakers say they are very concerned about the effects of mining on climate change. The letter stems from senator Elizabeth Warren’s (D-MA) office and it includes the senators and congres...

Join Our Telegram channel to stay up to date on breaking news coverage Portugal is set to impose taxes on cryptocurrency investors . These taxes will be introduced through new rules highlighted in its draft budget. The tax will be imposed on crypto capital gains profits and a wide range of other new taxes. Portugal proposes a 28% short-term capital gains tax According to a report by Bloomberg, the proposal will be part of the Portugal 2023 draft budget. The proposal defines new tax rates for cryptocurrency investors in the country. The proposal seeks to increase revenues in the country. One of the provisions introduced in this bill suggests taxing gains on cryptocurrencies that have been held for below one year. The proposal suggests that the tax be deducted at a rate of 28%. The other parts of this draft budget have also said that taxable income could be created from cryptocurrency mining and issuing activities. The budget has also proposed a 10% tax on cryptocurrency trans...

Join Our Telegram channel to stay up to date on breaking news coverage Formula 1 has been showing interest in digital assets and blockchain technology for quite some time now, and after the initial attempts to get involved with it, it appears that it is finally ready to take some more serious steps towards it. In fact, it recently filed new trademarks related to cryptocurrency, and more than that — the non-fungible tokens (NFTs). Formula One has filed 8 trademarks for "F1" covering: 🏁 Cryptocurrency + NFTs 🏁 NFT + Crypto marketplaces 🏁 Retail stores for virtual goods 🏁 Blockchain financial transactions 🏁 Cryptocurrency trading + mining … and more!#NFTs #Metaverse #Cryptocurrency #Web3 #F1 pic.twitter.com/C3OYo3wSl8 — Mike Kondoudis (@KondoudisLaw) October 10, 2022 F1 is getting deeper into NFTs, crypto, metaverse, and more One of the filings has revealed that the racing giant intends to offer sof...