News Snapshot:
According to recent research, China failed to implement its cryptocurrency prohibition last year, and the country has since resurfaced as one of the world’s main Bitcoin (BTC) mining hubs. China became the second-largest Bitcoin hash rate supplier in January 2022, according to the Cambridge Bitcoin Electricity Consumption Index (CBECI), months after local officials banned all crypto operations in the country. According to data, Chinese bitcoin miners generated 21.1 percent of the entire global BTC mining hash rate distribution in early 2022, behind only the United States, which generated 37.8% of the total hash rate in January. China once hailed the...
