Not For You page… Last week, Montana became the first US state to ban TikTok. Starting in January, the legislation will make it illegal for app stores to offer TikTok within Montana’s borders — TikTok, Apple, and Google could be fined for violations. Montana's move could set a precedent for a nationwide ban: in March, Congress proposed legislation that would allow for a Tik-ban, and President Biden urged lawmakers to pass it over national security concerns. But Montana’s law is expected to face legal challenges over free-speech rights.
Miners on the move… After the White House proposed a 30% tax on crypto miners' electricity costs, Bit Digital said it’s expanding to Iceland. The NY-based bitcoin mining and ethereum staking biz said that it bought 2.5K mining rigs for $5M and will spin them up in the land of fire and ice. If the tax proposal goes through, other miners may follow in the crypto exod-US. They’d have company: this month, US-based Coinbase and Gemini opened trading platforms in Bermuda and Singapore as regulators turned the screws at home.