Uzbekistan legalises crypto mining using solar energy

Uzbekistan will allow companies to mine cryptocurrencies using solar energy. It will also exempt all crypto operations by domestic and foreign companies from income tax. The government wants crypto miners to power their farms by installing their own solar panels. Uzbekistan legalized crypto trading in 2018, but only on a domestic crypto exchange.

Crypto prices today: Bitcoin rises 3%, ETH up 4%

Bitcoin is currently trading at $39,559.5 a 3% increase over the previous day. Ethereum is up 4% over the last 24 hours to $2,928.67. Solana jumped 7% to $93.04, while Cardano is trading higher by 10.2% at $0.864. Avalanche (AVAX) surged 10.8% to $67. The global crypto market cap stands at $1.80 trillion, a 3.92% increase over the previous day.

Gucci to start accepting crypto in stores

Iconic fashion brand Gucci will begin accepting cryptocurrency in some of its US locations later this month. According to Vogue Business, in-store payments can be made using a QR code that customers can scan with their crypto wallet, sent by Gucci via email. The stores will accept Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, and Shiba Inu. 

Coinbase rolls out NFT marketplace in beta

Coinbase (COIN) announced that the beta version of its non-fungible token (NFT) marketplace is now available to all. The NFT marketplace focuses on creating a social community for buyers and sellers. The platform allows users to create a profile and curate it with NFTs they have created, comment on NFTs, or start conversations with other NFT holders and sellers. 

France gives approval to Binance to run crypto exchange

France’s market regulator AMF has registered Binance France as a “digital asset service provider” (DASP). It has become the first major European country to explicitly allow Binance to operate within the country’s jurisdiction. Moreover, Binance becomes the first major crypto exchange to be licensed as a DASP within France.