Director of Galaxy Digital: While China is selling, the US is buying back


Source: cryptheory.org cryptheory.org

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Director of Galaxy Digital: While China is selling, the US is buying back China has long been home to cryptocurrencies. Reports in early 2021 confirm that China hosted approximately 75 percent of the world’s BTC hashrate, a true superpower. Recently, however, the situation has changed radically, and this Asian country has embarked on a war against the cryptocurrency industry, trying to wipe out all incipient cryptocurrency startups. Major mining companies, including BTC.top, Bitman and Hubobi, have been shut down and mining operations in the provinces have been halted under the banner of the fight for the environment. Sichuan and others....