US Becomes the New Bitcoin Mining King Following China Crackdown

cryptocurrency 1 week ago

According to the Cambridge Centre for Alternative Finance (CCAF), the U.S. has become the world's leader in bitcoin mining following China's renewed crypto industry crackdown, accounting for 35.4% of the global hashrate as of the end of August, more than doubling from 16.8% at the end of April. CoinDesk's Galen Moore discusses the latest on bitcoin mining and hashrate concentration issues. Plus, his outlook for the U.S. bitcoin futures ETF landscape.
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