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Bitcoin’s Hash Rate More Than 6x’s In Two Years

Bitcoin’s hash rate has been on a tear, with a staggering 600% increase in just two years. 😲

The hash rate, which measures the processing power of $BTC‘s network, has been on a steady upward trajectory, indicating a robust and healthy network. This increase is a testament to the growing number of miners joining the network, despite the market’s volatility.

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IRS To Crypto Exchanges: ‘We’re Just Here for a Quick Audit… And Maybe Your Lunch Money.'”

The US Treasury Department and IRS are pushing for stricter reporting rules on cryptocurrency exchanges. The aim? To bridge the gaping digital asset tax chasm. 🌉

The proposed regulations, set to kick off in 2026, are part of the Biden administration’s broader strategy to clamp down on potential tax dodgers in the crypto realm. Remember the 2021 rules aimed at curbing tax evasion? Those were projected to boost tax revenues by a cool $28 billion over a decade.

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