News Snapshot:
Bitcoin mining rigs. LARS HAGBERG/AFP via Getty Images The US unseated China as the world's biggest bitcoin miner, the Cambridge Center for Alternative Finance said. The US accounted for 35.4% of the global hash rate - more than double April's rate of 17%. China's global hash rate, meanwhile, plunged to zero from 44% in April. The US unseated China as the world's biggest bitcoin miner, accounting for a third of the global hash rate, after Beijing banned all cryptocurrency transactions, data from a new report showed. The US share of the global rate has more than doubled to 35.4% from...
