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Bitcoin Mining Industry Is Well Positioned to Participate in a New Cycle: Bernstein

If the 2024 halving follows the same pattern as earlier ones, the BTC mining industry would see “lower competitive intensity” due to the sector’s wipe-out in the bear market of 2022, and higher bitcoin prices, which would deliver improved profitability before additional mining capacity comes online, the report added. Original Source

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Taiwan’s Financial Supervisory Commission Set to Regulate Country’s Virtual Assets Industry – Regulation Bitcoin News

Taiwan’s Financial Supervisory Commission is set to be announced as the body that will oversee and regulate the virtual asset industry. According to a report, the collapse of crypto exchanges like FTX prompted Taiwanese officials to seek ways of protecting users against similar events should they recur. Virtual Asset Industry’s

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Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners – Regulation Bitcoin News

The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to the state and share information about their digital assets. Crypto Companies in Russia Want

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