The United Arab Emirates has positioned itself as the new up-and-coming Bitcoin mining hub, currently contributing to nearly 4% of the global Bitcoin hash rate. During a Twitter Space, Binance CEO Changpeng Zhao said the next Bitcoin (BTC) bull run could come as soon as 2025. Meanwhile, the U.S. government has begun to dispense funds retrieved from the massive 2016 Bitfinex hack.
The United States Department of Homeland Security has distributed $312,219.71 in cash and 6.917 in Bitcoin Cash (BCH) to Bitfinex — representing a tiny portion of the funds siphoned in the 2016 cryptocurrency exchange hack. “This is part of Bitfinex’s ongoing efforts, working with law enforcement and other investigation agencies, to recover assets stolen from the exchange in August 2016," Bitfinex said.
Bitcoin mining conditions in the UAE. Source: Hashrate Index
Binance CEO tips next Bitcoin bull run
The price of Bitcoin surged in March and has been tracking near year-highs.
The United States Department of Homeland Security has distributed $312,219.71 in cash and 6.917 in Bitcoin Cash (BCH) to Bitfinex — representing a tiny portion of the funds siphoned in the 2016 cryptocurrency exchange hack. “This is part of Bitfinex’s ongoing efforts, working with law enforcement and other investigation agencies, to recover assets stolen from the exchange in August 2016," Bitfinex said.
Bitcoin mining conditions in the UAE. Source: Hashrate Index
Binance CEO tips next Bitcoin bull run
The price of Bitcoin surged in March and has been tracking near year-highs.