Bitcoin mining firm Bitmain reportedly fined for tax violations in China
Bitmain has reportedly failed to pay personal income taxes in accordance with China’s laws on the administration of tax collection.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Bitmain has reportedly failed to pay personal income taxes in accordance with China’s laws on the administration of tax collection.
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
CoinDCX Confirms $15.99M USDT Loss After Failed Sweep Hit Old Crypto Wallets
Key Takeaways: CoinDCX announced a $15.99M USDT loss from the old wallet infrastructure in the last contaminated security event im...
Tether’s mining development kit gets backing from 15 mining firms
Tether's MDK initiative could revolutionize Bitcoin mining by fostering interoperability and automation, potentially reshaping ind...
China Sets 2030 Deadline for National Blockchain Network Despite Sweeping Crypto Ban
Key Takeaways: Under the new 5-year digital strategy, China aims to achieve a national blockchain network which will be largely co...
Tether Wins Mining Industry Support For Its Open Automation Toolkit
Tether is trying to make Bitcoin mining equipment easier to operate as one system. Its October 24 announcement brings 15 industry...
Bitcoin Hashrate Reclaims One Zettahash As Mining Competition Rebounds
TL;DR: BlocksBridge reported Bitcoin’s seven-day hashrate above one zettahash in the week to October 22. Mining competition has re...
Senator Probes Tether’s Reported $6M Deal With Firm Tied to Ex-Trump Crypto Advisor
Sen. Richard Blumenthal (D-Conn.) has launched an investigation into Tether’s reported multimillion-dollar payments to a consultin...