Bitcoin adoption grew considerably in June, with 26 firms adding it to their balance sheets; meanwhile, Bitcoin’s hashrate fell 15%.
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 stance on crypto, with new laws carving out crypto tax exemptions and permissions for stablecoin issuance in four different countries, including Hong Kong and South Korea.
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