Bitcoin’s hashrate has dropped since the crypto market crash. Meanwhile, Australia’s new Labor government could bring about changes for the crypto sector.
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As total hashrate recovers, adjustment would follow four increases after as many declines since China intensified crypto mining clampdown.
The global Bitcoin hashrate is now on an uptrend as miners pushed out by China resettle on friendlier shores and resume investing big money in mining equipment.
Against a backdrop of El Salvador’s BTC boosts, famed investor Michael Burry warns about a crypto price bubble and China intensifies its crypto clampdown.
Cryptocurrency mining prohibition in Xinjiang and Qinghai follows Inner Mongolia ban.