Cost To Mine BTC Rises, Crypto Daily TV 1/5/2023

Cost To Mine BTC Rises, Crypto Daily TV 1/5/2023

In Todays Headline TV CryptoDaily News:
FDIC pins SB’s failure on poor management
The United States Federal Deposit Insurance Corporation’s post-mortem assessment of Signature Bank revealed poor management and inadequate risk management practices as the root cause for its collapse.
Crypto tax guidance could come in 12 months
The US Internal Revenue Service hopes to issue crypto tax guidance ready “in 12-ish months,” Julie Foerster said at Consensus 2023. The digital assets project director also said the IRS is planning to change how it looks at cryptocurrency and wants to work more with the industry.
Cost to mine one Bitcoin rises to $17K in 2023
It now costs Bitcoin miners at least $17,000 to produce one BTC in the U.S. versus the $5,000-10,000 range a year ago, according to a new research. Unsurprisingly, soaring electricity rates across the U.S. states have contributed to rising Bitcoin mining costs.
BTC/USD rose 0.4% in the last session.
The last session saw Bitcoin gain 0.4% aga

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