Bitcoin hashrate migrates to the US with the share having doubled since April 2021 and reaching the #1 position globally. US share of bitcoin hashrate reached 34.5% in September, according to University of Cambridge because of China’s crypto mining ban. This geographic migration is important because US-based miners use far more renewable power than Chinese […]
bitcoin mining
Bitcoin absorbs China’s “crypto crackdown” body-blow
Dispatch #21 -2021 July 2nd, 2021 This week, the Dispatch will focus on China’s “crypto ban” body-blow that Bitcoin absorbed, and how it kept on chugging. China’s “crypto crackdown,” which included stopping bitcoin mining ahead of the Communist Party’s 100th anniversary celebrations, was a significant stress test of the Bitcoin network. Despite a more than […]
Bitcoin gets Musked & SEC staff letter on crypto
Dispatch #15 – 2021 May 14th, 2021 This week started with Bitcoin acting like a mature asset, correlating to the stock selloff. However, we were quickly reminded that Bitcoin is just a 12-year-old asset when Elon Musk’s tweet led to a sharp selloff. The top story, though, is a SEC staff comment that further solidifies […]