“Ohio Now Accepts Crypto”
Ohio will begin accepting Bitcoin payments for twenty-three kinds of business taxes. The state will become the first in the United States, and one of the first governments in the world, to accept cryptocurrency. The website states that the state is adopting crypto payments because they are secure, transparent, and low cost. The Treasurer’s office is also adding more cryptocurrencies in the future.
“Bulgarian Crypto Thieves Caught”
Three crypto thieves in Bulgaria have been apprehended by authorities for reportedly stealing $5 million in crypto. The three hackers reportedly stole the crypto by using new hacking methods and specialized software for their approach. The arrest comes after a 5 month investigation in which they were informed about the first cases of the alleged scam.
“AMD and Nvidia Hit by Crypto Prices”
AMD and Nvidia’s oversupply of cryptocurrency-mining chips will persist longer than expected according to a new RBC study. The management of graphic card makers AMD, and Nvidia had warned that it was expecting “essentially no cryptocurrency” business moving forward. That mirrored rival AMD’s warning in July which said it expects the impact from crypto to fall to nearly zero in the third quarter.
“Norway: Say Bye to Cheap Electricity”
Norwegian Tax Administration has announced that cryptocurrency mining units will no longer able to enjoy the discounted electricity tax rate. The proposed change will take effect from January 2019. Norway currently offers discounts on the tax rate on electricity to power-intensive industries, those which consumes power of more than 0.5 megawatts are charged 0.48 Norwegian kroner ($0.056) per kilowatt hour, instead of the regular rate of 16.58 Norwegian kroner.