News Snapshot:
- China found banned crypto miners siphoning electricity from public entities, Bloomberg reported Friday. - The miners stole electricity as a coal shortage created an energy crunch in the country. - China’s crypto crackdown has helped the US become the world’s largest bitcoin miner. China has uncovered hundreds of cryptocurrency miners who were stealing electricity from government agencies and other public institutions at a time when the country has struggled with a power shortage, according to a Bloomberg report on Friday . Officials in two eastern provinces – Zhejiang and Jiangsu – recently started targeting miners who were consuming resources...
