News Snapshot:
The United States has overtaken China to lead the world with the largest share in the global bitcoin mining network, according to data from the University of Cambridge published on Wednesday. The US lead follows China’s crackdown on bitcoin mining in recent months, which has sent bitcoin prices crashing across the globe. China last month issued a nationwide-wide ban on crypto mining, which devastated the industry there and pushed many miners overseas. “The latest data to inform our interactive mining map follows the trajectory we saw developing in the last two data updates. Clearly, the government-mandated action in China had...
