Uber ‘absolutely’ to accept crypto one day, BTC hashrate reaches ATH and Russian bill for legalizing mining

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Russian Ministry wants to legalize Bitcoin mining in specific areas

After Putin explicitly mentioned the Russian advantage in the mining market, the dynamics seem to shift.

Russia’s Ministry of Economic Development has greenlighted the concept of crypto mining regulation in the country, proposing to allow mining operations in areas with “sustainable surplus in electricity generation,” local news agency Izvestia reported Tuesday.

As part of the proposal, the ministry suggested introducing lower fees for setting up mining farms and data centers in specific Russia’s areas as well as offering reduced energy rates for such facilities.

Source: Cointelegraph

Bitcoin hashrate climbs to new high

It is expected that bitcoin’s hash rate will continue to rise as more players move into the mining industry. Intel recently announced to launch their very first mining ASIC.

Uber CEO says they will accept Bitcoin “at some point”

The CEO has revealed that the Uber platform intends to “absolutely” accept Bitcoin (and other cryptos) “at some point” in the future.

However, Khosrowshah has also said that now isn’t the “right point” for it. The high transfer fees and the negative environmental effects of mining cryptocurrencies are some of the reasons behind the platform not accepting Bitcoin just yet.

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