The Taiwan Semiconductor Manufacturing Company (TSMC) has reported strong financial results in the first quarter of 2018, figures driven by a growth in orders for cryptocurrency mining chips. During its shareholder conference call on Thursday, the world’s largest independent semiconductor maker said it generated 248 billion Taiwan new dollars (US$8.5 billion) in sales revenue for […]

Bitmain

A suspect being held in connection with a massive Bitcoin miner theft in Iceland earlier this year has escaped prison, local news the Iceland Monitor reports April 17. Sindri Þór Stefánsson escaped from from Sogni prison last night and police have confirmed that he fled Iceland to Stockholm, Sweden. The fugitive was reportedly using another […]

Bitcoin

One of the largest cryptocurrency mining farms in Russia will be established in Krasnoyarsk Krai in Siberia, according to Daniel Zakomolkin, director general of the mining company BitBaza, news outlet TASS reported April 12. Zakomolkin said that the region was chosen “from the perspective of energy and cost reduction”. Infrastructure investments are estimated at roughly […]

Bitcoin

Officials in yet another county in the U.S. state of Washington have placed a moratorium on new crypto mining operations Wednesday. Mason County’s Public Utility District (PUD) commissioners decided to implement the freeze in order to consider the effect mining operations have on the local power grid, the group said in a statement. The moratorium […]

Legal

An Australian technology firm will reopen a coal-fired power plant just to run a blockchain, according to a Tuesday report. IOT Group, an Australian technology firm, has partnered with Hunter Energy to recommission the Redbank power plant – which was shuttered in 2014 – to reduce its energy costs, a local media outlet reported. The […]

Australia

Mario “The Problem Solver” Costanz is a lifelong entrepreneur and the author of “Crypto Taxes Made Happy: The Definitive How-To Guide For Preparing Cryptocurrency Tax Returns In The United States,” available for free on Amazon. He was named to the “One to Watch” section of Accounting Today’s 2017 Top 100 Most Influential in Accounting List.  […]

2018 Tax