The share of “green” energy in bitcoin mining exceeds 56%
Data provided by the Bitcoin Mining Council, which was initiated by MicroStrategy CEO Michael Saylor in late May of this year
In the second quarter of 2021, the amount of “green” energy used for bitcoin mining exceeded 56%. This data is presented in a report published by the Bitcoin Mining Council (BMC). The data is based on a survey of 23 council members, who in total generate 32% of the bitcoin network’s hash rate. The amount of renewable energy in the activities of the council members was 67.6%.
President of Kazakhstan signed the law on taxation of miners
Kazakh government believes that the industry of cryptocurrency mining should be economically profitable for the country
The President of Kazakhstan Kassym-Jomart Tokayev signed a law that introduces additional taxation for businesses engaged in mining of cryptocurrencies. In June, the bill was passed by the parliament of the republic. The document introduces an additional payment of 1 tenge ($0.0023 at the current exchange rate on June 29) per 1 kWh of electricity consumed during mining. The new tax rules will take effect January 1, 2022.
650 U.S. banks will be able to offer bitcoin purchases to their customers
New service from NCR Corporation and NYDIG targets 24 million U.S. users
Company on development of corporate payment solutions NRC Corporation in cooperation with the crypto investment firm NYDIG to launch a service through which 650 U.S. banks and credit cooperatives will be able to offer their customers to buy bitcoin, writes Forbes. Participating financial institutions will not hold users’ cryptocurrency, so they will be able to avoid regulatory difficulties.
The service will use NYDIG’s custodial services. The company will charge transaction fees and offer bitcoin-related investment services. NYDIG estimates that its banking partnerships allow 70% of U.S. banks to provide the new service. For example, the firm’s partners include FIS, Fiserv (a Fortune 500 company), as well as Q2 Holdings and Alkami Technology.