Exodus: China’s Bitcoin Miners Relocate Amid Regulatory Crackdown  | Crypto Briefing

Key Takeaways

Chinese Bitcoin mining firms BIT Mining and Fenghua International are relocating to the U.S. and Kazakhstan.
The Bitcoin network hashrate has significantly dropped as miners go offline following the ban.

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Crypto Kiosks To be Installed in 29 H-E-B Grocery Stores in Texas – Ethereum World News

Crypto adoption is gaining traction in Texas
Coin Cloud will install Crypto kiosks in 29 H-E-B Grocery stores in the state
The machines will provide customers access to over 30 digital assets including Bitcoin, Ethereum, Dogecoin, USD stablecoins and numerous DeFi tokens
Governor Abbott believes ‘T

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Texas crypto users will soon be able to buy and sell tokens at major supermarket chain

Shoppers wanting to cash out their crypto holdings to buy groceries may soon be able to do so at many H-E-B supermarkets in Texas. 
According to a Friday report from the Houston Chronicle, crypto ATM firm Coin Cloud is preparing to install machines into 29 H-E-B locations in the Houston area.

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Texas Governor Signs Law Creating Legal Framework for Crypto Investments – BeInCrypto

Greg Abbott, Governor of Texas, has announced plans to expand the state’s blockchain industry.
In a tweet issued on June 5 on his personal account, Gov. Abbott opined that, “Blockchain is a booming industry that Texas needs to be involved in.

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Signs the Bitcoin hashrate is starting to move away from China

Although the majority of Bitcoin mining is still based in China, there are signs it is beginning to shift elsewhere.
Chun Wang, the co-founder of one of Bitcoin’s largest mining pools, F2Pool, reported that China represented less than half of its hash rate during April 2020.

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Blockcap plans to have 50K Bitcoin miners operational by 2023

One of the largest crypto mining firms in North America said that it has acquired an additional 8,000 rigs and has begun mining other cryptocurrencies. 
In an announcement from Blockcap on Monday, the mining firm said it planned to have more than 50,000 mining rigs online by the end of 2022.

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