News Snapshot:
Cryptocurrency Miners Flee China Amid Spreading Crackdown Caixin Global | Jun 25, 2021 at 9:24 AM The heads of some of the worldâs biggest cryptocurrency exchanges say Bitcoin miners are shifting operations out of China as authorities intensify a sweeping crackdown. Chinaâs moves have injected uncertainty into the cryptocurrency market and helped pull Bitcoin down to the lower end of its recent trading range. Chinaâs measures mean the countryâs share of Bitcoin mining could fall from 65% to less than 50% by the end of the year, according to Dan Weiskopf, co-portfolio manager of the Amplify Transformational Data Sharing ETF,...
