News Snapshot:
Digital currency proponents have been discussing the 2020 monsoon season in East Asia and how there’s a possibility it could wreak havoc on large bitcoin mining operations located in China. Recent estimates note that China has 50% of the world’s bitcoin mining capacity but if mining facilities are taken out by heavy rainfall and flooding, Bitcoin’s hashrate could plummet fast. During the first week of July, the Bitcoin ( BTC ) network hashrate touched 125 exahash per second (EH/s). Alongside this, the price of the crypto asset has been meandering in the $9k region for a while now. Since July...
