News Snapshot:
Last September, China seemed to finally be serious about banning cryptocurrencies, leading miners to flee the country for Kazakhstan . Just eight months later, though, things might be changing again. Research from the University of Cambridge’s Judge Business School shows that China is second only to the U.S. in Bitcoin mining. In December 2021, the most recent figures available, China was responsible for 21% of the Bitcoin mined globally (compared to just under 38% in the U.S.). Kazakhstan came in third. CoinDesk notes that the rebounding China numbers could be due to miners in that country becoming comfortable that proxy...
