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New theory suggests China’s ban on Bitcoin was motivated by something else
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Businesses in China have been losing revenue since the country’s policy decision to ban Bitcoin and other related operations. According to the latest reports, Huobi Global, one of the largest exchanges in China, has lost around 30% of its revenue. Meanwhile, other platforms and miners have found new homes across the globe.
Meanwhile, the crackdown by China continues with Chinese journalist Colin Wu pointing out recent arrests concerning illegal cryptocurrencies worth $80 million.
Having said that,
Read more on ambcrypto.comAbout this in other media
Bitcoin ban: These are the countries where crypto is restricted or illegal euronews.com /3 years ago
Foundry USA becomes second-largest Bitcoin mining pool amid China ban cointelegraph.com /3 years ago
Mining Bitcoin is putting communities on the frontline of the climate crisis at risk, say experts euronews.com /3 years ago
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