Bitcoin News and Finance: What You Need to Know

Exxon Mobil Corporation is reportedly participating in a pilot program that leverages excess natural gas to power crypto mining machines, according to a recent report quoting people familiar with the matter. The report states that the oil giant is partnered with the firm Crusoe Energy Systems, and the pilot is purportedly taking place in North Dakota at the Bakken shale basin. Unnamed Sources Say Exxon Is Piloting a Bitcoin Mining Operation in North Dakota Using Flare Gas On March 24, Bloomberg author Naureen S Malik reported that the largest American oil and gas corporation Exxon Mobil (NYSE: XOM ) is participating in piloting a bitcoin mining project with excess gas. Malik wrote that “people familiar with the matter” told Bloomberg that they could not be named because the information is not public. However, the people who asked to not be named said that currently, Exxon Mobil is working with Crusoe Energy Solutions in the state of North Dakota. Crusoe Energy is a firm that prov...

PRESS RELEASE. MetaGods , the world’s first play-to-earn 8-bit action role-playing game built on the blockchain, introduced an upcoming in-game land sale with a group of amazing backers involved, including world-famous Youtuber MrBeast. MetaGods is a game based on Greek mythology where players fight against gods as they ascend through the virtual world. Gameplay requires players to acquire unique characters through NFTs to increase their chances of winning battles and earning rewards. MetaGods players can also team up and fight epic bosses on their path to becoming gods. The blockchain-based role-playing game (RPG) uses two tokens – $MGOD and $RELIC – powering the entire MetaGods ecosystem. Players use $MGOD as the platform’s governance token, and also to participate in special in-game events. On the other hand, $RELIC is a token players earn through gameplay, usable for purchases in the MetaGods marketplace. Lands in the MetaGods Game Players can use either $MGOD or $ BNB to acq...

Meta Inc., formerly Facebook, has filed eight trademark applications relating to a wide range of crypto services and the metaverse. They include cryptocurrencies, crypto trading, blockchain software, crypto wallets, and crypto exchanges. Meta’s Trademark Filings Cover a Range of Crypto Services and the Metaverse Facebook owner Meta has filed eight new trademark applications with the United States Patent and Trademark Office (USPTO) for its logo covering a range of crypto-related products and services. A USPTO-licensed trademark attorney, Mike Kondoudis, tweeted Wednesday explaining that the applications (serial numbers: 97320155, 97320153, 97320149, 97320147, 97320146, 97320144, 97320140, and 97320136) were filed on March 18. They cover a wide range of crypto-related products and services including crypto tokens, cryptocurrencies, blockchain software, crypto exchanges, and crypto trading. Kondoudis described Meta’s applications as a blueprint for how the company intends to engage...

The CEO of the world’s largest asset manager, Blackrock, says the Russia-Ukraine war has a “potential impact on accelerating digital currencies.” He confirms that Blackrock “is studying digital currencies, stablecoins and the underlying technologies to understand how they can help us serve our clients.” Blackrock on the Acceleration of Digital Currencies Blackrock CEO Larry Fink published his 2022 letter to shareholders Thursday with a section on digital currencies. Blackrock is the world’s largest asset manager, overseeing more than $10 trillion. “The Russian invasion of Ukraine has put an end to the globalization we have experienced over the last three decades,” Fink wrote. After extensively discussing the impact of the war, the CEO noted: A less-discussed aspect of the war is its potential impact on accelerating digital currencies. The war will prompt countries to re-evaluate their currency dependencies. Several renowned investors have predicted that the Russia-Ukraine war c...

Florida governor, Ron DeSantis explained at a press conference on Tuesday that he’s spoken with state agencies and told them to figure out ways for businesses to pay tax with cryptocurrencies. During the signing ceremony for a bill focused on financial literacy, DeSantis said that the government is working on accepting bitcoin “for payments in the state of Florida.” DeSantis Is Concerned About Biden’s Executive Order On Tuesday, Ron DeSantis, the 46th governor of Florida appeared at a press conference with fellow colleagues in order to sign a bill that mandates financial literacy in schools throughout the state. DeSantis touched on many subjects as Florida’s governor noted that he is concerned about U.S. president Joe Biden’s recent digital currency-focused executive order . According to DeSantis, there’s a lack of understanding when it comes to decentralized crypto assets and centralized digital bank currencies (CBDCs). “There’s a difference between a decentralized digital crypto...

Spain’s Ministry of Treasury has admitted that Spanish citizens are not forced by law to declare their cryptocurrency holdings under the disputed Model 720, which involves declaring funds held abroad. While the antifraud law approved last year established this duty, there are still no rules regarding cryptocurrency after Model 720 was declared to be illegal by European laws. No Obligation to Include Crypto in Tax Statements Under Model 720 The Spanish Treasury Ministry has admitted that the current legal framework does not include the obligation for Spaniards to declare their cryptocurrency holdings under Model 720, which has to do with funds held abroad. The Spanish Tax Agency confirmed that citizens don’t have any duty to report their cryptocurrency holdings, not even in an informative way, after the underlying ruleset has not been established by the authorities. This means that citizens need not include any of their crypto-related info in the upcoming Model 720 statement corres...