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This month, Bitcoin’s hashrate dropped 15% amid a summer heat wave that stressed the United States’ electricity grid. Crypto hacks and exploits have racked up record numbers, costing investors and platforms $150 million in June alone.
Moreover, businesses have followed the example of vocal Bitcoin (BTC) proponent and Strategy executive chairman Michael Saylor by adding BTC to their balance sheets. According to industry tracking services, there are now 250 companies that have some form of Bitcoin treasury.
Regulators in Asia are softening their…
