Bye-Bye China FUD: US Takes Over Bitcoin Mining

China’s crackdown on bitcoin and crypto mining has been a pain point for the market this year. The country which had decided to excise its regions of bitcoin mining operations had caused major FUD which dragged the market down with it.

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From Grace To Grass: Chinese Bitcoin Hashrate Drops To Zero

For nearly a decade, China had dominated the Bitcoin mining scene and contributed as high as 75% of global mining hash rates. Chinese Bitcoin hash rates have fallen to zero following a heightened crackdown from the country’s regulatory agencies.

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How the U.S. became the world’s biggest Bitcoin mining hub

China’s Bitcoin (BTC) crackdown drove the lucrative business out of the country and helped establish the US as the heart of the mining operations, data from the Cambridge Centre for Alternative Finance reveals.

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U.S Emerges As The Global Leader In The Bitcoin Mining Industry After China’s Crackdown

China is experiencing an unprecedented challenge to its status as an undisputed crypto mining sector lodestar. New research data indicates that the United States has become the world’s largest bitcoin mining hub, overtaking China for the very first time.

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U.S. Becomes New Hashrate King Following Ongoing Beijing Crackdown

Due to a serendipitous confluence of political, geographical, and jurisdictional stability, as well as low-cost energy in U. S. states, coupled with Beijing’s recent crypto crackdown, bitcoin mining is booming in the U.

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US dominates global Bitcoin hash rate distribution after China crackdown

The U.S. now accounts for more than a third of the total Bitcoin mining activity, with Kazakhstan and Russia also becoming major locations.

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Can China's crypto crackdown benefit the 'entire DeFi ecosystem'

In a recent interview with Bloomberg, Dawn Fitzpatrick, CEO and Chief Investment Officer at Soros Fund Management commented that Bitcoin was now "mainstream." She stated, "I'm not sure Bitcoin is onlThe post Can China's crypto crackdown benefit the 'entire DeFi ecosystem' appeared first on AMBCrypto.

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Three Significant Milestones To Expect From Bitcoin This October

September was a long month for Bitcoin. The bearish events were piling in their numbers and Bitcoin bulls could hardly catch a break. From China’s real estate giant Evergrande’s debt triggering a massive sell-off to China’s regulatory crackdown on crypto transactions.

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Public mining firm Riot Blockchain more than triples its yearly Bitcoin production

As China’s crackdown on crypto including crypto mining, US-based public listed mining firm Riot Blockchain has more than tripled its yearly mined Bitcoin. Riot revealed this during a press release on Wednesday (Oct.

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China Can’t Regulate Virtual Worlds – The Pros of Decentralized Metaverses

China’s crackdown on cryptocurrencies has reached a new level of intensity in recent weeks. The People’s Bank of China (PBOC) has previously decided to prohibit financial institutions from dealing in virtual currencies, including Bitcoin and Ethereum.

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Bitcoin Miner Revenue Returns To Bitcoin Bull Run Levels

Miner revenue for bitcoin had taken a hit following the China crackdown. The industry has had a long recovery period as miners had to find new locations to set up their mining operations after their exit from China.

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Miami Mayor On China’s Bitcoin Crackdown: “Their Loss Is Our Gain And America Can And Will Lead The Future”

Francis Suarez, the mayor of Miami has commented on the recent crackdown on cryptocurrency transactions in China. Many crypto players have spoken about the event in a similar light, and now Suarez is airing out the importance of the crackdown.

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DeFi tokens SUSHI, SNX, UNI emerge as winners after China’s crypto crackdown

A little over a week ago, China renewed its hostilities towards the crypto industry as it declared all crypto transactions within its jurisdiction “illegal.” This new regulation, while it has had some negative impacts on the price of the leading digital asset, Bitcoin, alongside other cryptocurrencies in the market, the winners in the current shakedown […] The post DeFi tokens SUSHI, SNX, UNI emerge as winners after China’s crypto crackdown appeared first on CryptoSlate.

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China’s Ban On Crypto-Assets Forces Huobi Mining Pool To Rotate 100k Bitcoin

The Chinese crackdown on mining activities has awakened a lot of decisions and actions. Many miners are already trooping to the US, the new mining hub, to continue their operations. Recently, the NDRC (National Development & Reform Commission) in China seized more than 10,000 mining rigs in Inner Mongolia.

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Elon Musk On Why China Hates Bitcoin, And Why The Government Can’t Destroy Crypto

Key takeaways Elon Musk makes new comments on cryptocurrencies after a prolonged absence from the industry.   Musk states that China’s crackdown on crypto is due to the government fear of their influence reducing.

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Why China’s Renewed Harsh Crackdown On Crypto Isn’t Stifling Bitcoin — At Least Not Yet

China is now pressing about banning crypto mining, trading, and exchanging after being hypocritical about it for quite some time as it was still being utilized despite previous limitations. And following the latest ban on crypto which now prevents exchanges from providing services to users in China, exchanges like Huobi and Binance are responding by […]

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China’s Crackdown Hits Ethereum Hard As Authorities Shut Down Over 10,000 Mining Rigs

Ethereum is the most recent asset caught in the path of the bulldozing machine that is China’s crackdown on crypto and crypto-related activities. When the country had begun to crackdown on mining earlier in the year, much focus had been placed on bitcoin given that it was the most popular cryptocurrency in the market. And […]

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Over $5 Billion In Bitcoin And Ethereum Moved From Cold Wallets Amid China Crackdown

China continued its crackdown on crypto, leading to massive amounts of bitcoin and Ethereum being moved from exchanges. Immense pressure from Chinese central banks following the latest iteration of the China crypto ban has seen exchanges suspending operations in the region.

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Is There An End In Sight For China’s Cryptocurrency Dominance?

China has intensified its cryptocurrency crackdown by declaring all cryptocurrency transactions to be illegal. This renewed crackdown has caused bitcoin and several top cryptocurrencies to record a drop in their prices.

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Authorities seize over 10,000 crypto mining machines in Inner Mongolia, China

China’s series of crackdowns on Bitcoin mining keeps making headlines within the crypto community. Parts of the country like Anhui and the Yunan Province announced their intention to crackdown on BiThe post Authorities seize over 10,000 crypto mining machines in Inner Mongolia, China appeared first on AMBCrypto.

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Bitcoin shrugs off Chinese crackdown as BTC bounces above $44k

BTC price regained support above multiple zones amid sustained upside on Monday Bitcoin price… The post Bitcoin shrugs off Chinese crackdown as BTC bounces above $44k appeared first on Coin Journal.

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Bitcoin, Ethereum whales swimming out of Huobi, with a huge catch

After China's crackdown on crypto transactions, exchanges began to limit their services for China-based users. FUD rapidly spread and many traders began to wonder what penalties they might face for viThe post Bitcoin, Ethereum whales swimming out of Huobi, with a huge catch appeared first on AMBCrypto.

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As China Launches Fresh Attack On Crypto, Bitcoin Proponents Think It’s A Blessing In Disguise

As China Launches Fresh Attack On Crypto, Bitcoin Proponents assert Why It’s A Blessing In Disguise Why China’s fresh crackdown on crypto is the best thing to happen to the industry and will pay off significantly China has been a huge powerhouse in the cryptocurrency industry for much longer than many other countries have been. […]

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Huobi Exchange Stops Accepting Chinese Users After Crypto Crackdown

China's largest Bitcoin Exchange Huobi has implemented a measure to stop mainland Chinese residents from registering on its platform by preventing the addition of accounts with Chinese mainland phone numbers, to comply with recent Chinese crackdown on crypto.

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Сенатор Пэт Туми: репрессии Китая против криптовалют — большая возможность для США

Сенатор от Республиканской партии Пэт Туми заявил, что противостояние цифровым активам со стороны китайских властей открывает перед США новые возможности в криптоиндустрии. China’s authoritarian crackdown on crypto, including #Bitcoin, is a big opportunity for the U.

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China Calls All Crypto Transactions Illegal, Bitcoin Drops $4k In Response

China’s central bank has announced that all crypto-related transactions and services are now illegal. In response, Bitcoin drops down to $41k from $45k. China Announces All Crypto Transactions And Activities Are Illegal As per a report from Bloomberg, China has intensified its crackdown on crypto and Bitcoin as the nation’s central bank says all digital […]

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China's Central Bank Says All Crypto-Related Transactions Are Illegal, Bitcoin Plunges 5 Percent

China has intensified its crackdown on Bitcoin mining and trading

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Bitcoin Banning China Keeps NFT-ing

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Here's why 'accumulating' miners expect Bitcoin to cross $48,000

China's crackdown on crypto mining triggered a sharp fall in Bitcoin's hashrate and price earlier this year, panicking traders worldwide. In spite of this, analysis by CryptoQuant showed that the BiThe post Here's why 'accumulating' miners expect Bitcoin to cross $48,000 appeared first on AMBCrypto.

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Brazil’s Police Force Seizes 591 Bitcoin In Country’s Largest Crypto Seizure

The Brazilian Police Force confiscated 591 bitcoin amounting to 150 million Brazilian real (about $28.6 million) in a crackdown on a suspected fraudulent scheme. According to a CNN Brazil report, federal police as part of “Operation Kryptos” – an ongoing investigation of an alleged financial pyramid scheme arrested 5 persons in connection with the crime […]

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Bitcoin hashrate triples since June 28 in recovery from China syndrome

Hashrate has now recovered to early June levels indicating that miners are coming back online after China’s crackdown.

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Bitcoin Mining Industry Booms As Daily Revenue Skyrockets Past $40 Million

The Chinese crackdown on the cryptocurrency industry saw over 50% of the hashrate of Bitcoin mining go offline. The Bitcoin network has however shown its resilience as it is recovering remarkably well from the FUD generated by the crackdown on Bitcoin mining in China.

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This part of the Bitcoin industry 'is an emotional game'; here's why

Since China’s mining crackdown started earlier this year, Chinese Bitcoin miners have been scrambling to find a new place. While nearby Kazakhastan and Russia were initially touted as potential candThe post This part of the Bitcoin industry 'is an emotional game'; here's why appeared first on AMBCrypto.

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How is this trend affecting Bitcoin's mining

The Chinese mining crackdown earlier this year left a deep mark on the Bitcoin industry and network, causing its mining difficulty and hash rate to take a deep dive. As China had contributed to 2/3rdsThe post How is this trend affecting Bitcoin's mining appeared first on AMBCrypto.

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Argentina president weighs Bitcoin legalization. But his government doesn’t agree

In a recent interview, the President of Argentina Alberto Fernandez said he sees no reason to push against crypto, but in contrast to his openness, the head of the country’s Central Bank, Miguel Pesce, prepares for a crackdown on the industry.

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Antifragility: Bitcoin Hashrate Has Begun Recovering From Chinese Crackdown

Once again, Bitcoin demonstrates why it is the best money, the people's money; China did ban mining, but it is finding a new home.

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Chinese Crackdown Allow North American Miners To HODL More Bitcoin

Since China started cracking down on bitcoin mining, North American miners have enjoyed lower difficulty to mine and HODL more BTC.

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Bitcoin Miners’ Margins Rise Significantly Thanks to China Crackdown, But Ether Miners’ Revenue Outpacing BTC’s

Bitcoin miner revenue jumped 15. 8% in July to $971. 83 million. This increase in miner revenue came after three consecutive months of drop following the all-time high of $1. 75 billion in May. Daily bitcoin miner revenue (7DMA) is also on the rise since a low of $20.

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Public Miner Hut 8 Now Holds Over 4,000 Bitcoin Worth $150 Million

Publicly traded Hut 8 has seen its Bitcoin mining production increase by 50 percent in the wake of China's crackdown on its domestic industry.

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The Ominous Ethereum Comparison That Will Leave Bulls Petrified

All across finance, the conversation of the day has been centered around China and the ongoing regulatory crackdown  As it pertains to the crypto market and assets like Bitcoin and Ethereum, holders are wondering if there could be spillover effect and additional FUD that could on the ongoing recovery in play.

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Is China Buying Bitcoin?

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Here's why mining Bitcoin continues to get easier

China's crackdown on Bitcoin's mining operations directly affected the largest cryptocurrency's price trajectory, there's no denying this. While the mining bans were a big blow for mining companies anThe post Here's why mining Bitcoin continues to get easier appeared first on AMBCrypto.

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Reports Show China Lost Bitcoin Hash Power Before Conducting The Crackdown

In recent times, China has made moves to halt all forms of Bitcoin mining in its vicinity. According to the government, the operation is consuming more energy than necessary. There have been concerns on how the crackdown will affect crypto prices, given that other countries also picked up the trend. China’s action led to a […]

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Bitcoin Is Absurd, Part II: Struggles For Satoshi

The recent Chinese crackdown on bitcoin mining is confusing, but not incongruent with their ideology.

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Financial Report Shows Bit Digital Is Transferring 14,500 Bitcoin Miners From China to the US

Following the bitcoin mining crackdown in China, the Nasdaq-listed firm Bit Digital published a second-quarter bitcoin production and mining operations update and noted the company is moving 14,500 bitcoin miners from China to the United States.

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China’s Bitcoin hash power fell before the crackdown: Cambridge data

Cambridge research shows that China’s Bitcoin mining power fell by 40% before the crackdown, while the United States’ hash power quadrupled.

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Anhui Becomes The Sixth Chinese Province To Clamp Down On Bitcoin Mining

To say 2021 has been a rough year for Chinese crypto miners would be a big understatement. The country’s increased crackdown on crypto mining has essentially paralyzed an industry that accounts for more than 50% of global BTC production.

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North American Miners Are Emerging As Big Winners

China's crackdown on bitcoin mining has demonstrably benefited North American firms.

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Bitcoin: Was the Chinese mining crackdown really about the environment

The recent miner exodus from China has been one of the biggest bumps the Bitcoin ecosystem has faced since its inception. Initially marketed as a response to rising ESG concerns due to energy usage byThe post Bitcoin: Was the Chinese mining crackdown really about the environment appeared first on AMBCrypto.

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