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/PRNewswire/ -- Generally, the acceptance of digital currencies as a payment or as an investment opportunity is becoming more commonplace around the world. For...

The Chinese government's crackdown on cryptocurrencies is once again in the news. According to CNN, Chinese government agencies including the country's securities regulator and the People's Bank of China (PBOC) said in a statement on Friday that all cryptocurrency-related business activities are illegal and promised to punish illicit activities involving digital currencies. The first stages of the crackdown have already caused many crypto miners

Bitcoin mining isn’t nearly as bad for the environment as it used to be, new data shows CNBC 6 hrs ago MacKenzie Sigalos After Beijing decided to expel its miners in May, more than 50% of the hashrate – the collective computing power of miners worldwide – dropped off the network.  The United States has fast become the new hotspot for the world's global crypto miners. In the last six months, the country has jumped from fifth to second place and now accounts for nearly 17% of all global bitcoin miners. © Provided by CNBC Two technicians work at a bitcoin mining faci...

KEY POINTS The U.S. is the second-biggest mining destination on the planet, accounting for nearly 17% of all the world’s bitcoin miners. Prior to Beijing’s sudden crackdown, China’s mining dominance had already begun to slip. Marathon Digital’s Fred Thiel expects most new miners relocating to North America to be powered by renewables or gas that is offset by renewable energy credits. Well before China decided to kick out all of its bitcoin miners, they were already leaving in droves, and new data from Cambridge University shows they were likely headed to the United States....

Bitcoin mining is now easier and more profitable as algorithm adjusts after China crackdown CNBC 14 hrs ago MacKenzie Sigalos More than 54% of bitcoin's hashrate, which is the collective computing power of miners worldwide, has dropped off the network since its market peak in May. The bitcoin code has re-calibrated to make it 28% less difficult to mine. Miners who are still plugged into the network stand to make greater profits while most of the network's miners remains offline. © Provided by CNBC A bitcoin mine near Kongyuxiang, Sichuan, China on August 12, 2016. It just...