News Snapshot:
Bitcoin Mining in China Slumped Even Before Beijing Crackdown: Research China’s share of worldwide bitcoin manufacturing energy fell sharply even earlier than a current crackdown by its authorities on cryptocurrency mining, analysis by the University of Cambridge confirmed on Thursday. China has lengthy been the centre of worldwide cryptocurrency mining, an energy-intensive course of. Many Bitcoin miners in China use fossil fuels together with coal, stoking considerations over Bitcoin’s environmental footprint. Bitcoin price in India stood at Rs. 24.1 lakhs as of 1:30pm IST on July 15. The nation’s share of the facility of computer systems related to the worldwide...
