Russia's possible ban on cryptocurrency mining in areas classified as "energy-poor" has hampered consensus on the approval of cryptocurrency mining regulations. The bill, expected to be passed in August, would give authorities the power to outlaw mining in those areas, depending on government considerations.
Michael Dell tweeted that "scarcity creates value", a phrase often associated with bitcoin, which has a supply cap of 21 million while demand continues to rise. His tweet caught Michael Saylor's attention, and Dell then retweeted Saylor's reply, accompanied by a picture of the cookie monster eating bitcoin, which filled the market with expectations. He may invest in cryptocurrencies in the future, no...