News Snapshot:
The United States surpassed China and has become the world's headquarters for bitcoin mining, data published on Wednesday by the U.K.'s Cambridge Centre for Alternative Finance showed. The Chinese authorities, earlier this month, banned the cryptocurrency mining activity causing miners to shut up shop or move overseas. China's share of the power of computers connected to the global bitcoin network, known as the "hash rate", had fallen to zero by July from 44% in May, and from as much as 75% in 2019, the data showed. As a result, the US now accounts for the largest share of mining, which...
