US Becomes the New Bitcoin Mining King Following China Crackdown

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.