US becomes world's cryptocurrency epicenter after China ban


Source: opoyi.com opoyi.com

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After a crackdown in [China](https://opoyi.com/bitcoin-tumbles-after-china-declares-all-crypto-transactions-illegal?utm_source=copy-share&utm_medium=web&utm_campaign=none) nearly destroyed the crypto activity in the former home of the industry, the [United States](https://opoyi.com/us-announces-cryptocurrency-enforcement-team-to-tackle-cyberattacks) has emerged as the world's hotspot for [Bitcoin mining](https://opoyi.com/how-bitcoins-will-be-mined-in-el-salvador-through-volcanoes?utm_source=copy-share&utm_medium=web&utm_campaign=none) . Also Read| [Bollywood legend Amitabh Bachchan to launch own NFT](https://opoyi.com/bollywood-legend-amitabh-bachchan-to-launch-own-nft) According to a [Cambridge](https://opoyi.com/cambridge-international-board-course-to-be-introduced-in-some-mumbai-civic-schools) Centre for Alternative Finance report published on Wednesday, America accounted for 35.4 percent of the worldwide hash rate, a measure of computational power used to extract digital currencies, at the end of August. This is more than double the amount of activity witnessed in April. Also Read| [Salman Khan all set to enter NFT space, collaborates...