While the Cambridge Bitcoin Electricity Index indicated that China held 0% of the average monthly hashrate share in August 2021, this may not be strictly accurate.
According to an investigation by China’s state-controlled media, blockchain and metaverse projects appear to be going strong despite the country’s crypto crackdown.
Xinhua Net’s report revealed that websites using terms such as “blockchain” and “meta universe” (a probable reference to the metaverse) are still active. What’s more, they
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