Coinbase CEO Brian Armstrong said that a former customer service agent for the largest US crypto exchange was arrested in India, months after hackers bribed customer service representatives to gain access to customer information.
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The discounts came amid one of the worst profit margin environments for the mining industry, as hashprice, the expected revenue per unit of computing power expended to mine a block, fell to a multi-year low of nearly $35 per terahash/second per day.
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A proposed 5% tax on billionaires' wealth in California has drawn a strong response from crypto executives, who argue it would trigger an exodus of entrepreneurs and capital flight, and would be wasted anyway.
Senior figures in the crypto industry, including Bitwise CEO Hunter Horsley and Kraken co-founder Jesse Powell, argue that the measure would only result in billionaires leaving the state, with a negative overall effect.
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