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[ad_1] The US has come to a decision regarding the imposition of excise taxes on Bitcoin miners operating from within the country. The US will not be adding any new tax layer upon the US’ Bitcoin mining sector as the proposal extended earlier this month has officially been scrapped. The development was confirmed to the … Read more
[ad_1] US-based Micron Technology on Monday forecast a hit to revenue in the low-single to high-single digit percentage after a ban by China on sale of its memory chips to key domestic industries marked the latest in the Sino-American trade spat. China’s cyberspace regulator said late on Sunday that Micron, the biggest US memory chipmaker, … Read more
[ad_1] The US is not ready to take any financial risk or lose incoming capital, especially now when its economy has hit an inflation-ridden roadblock. US President Joe Biden, under the circumstances, is not considering any relaxation in taxes levied on crypto holders and investors in the country. Biden’s stance on slashing crypto taxes came … Read more