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CryptoQuant Report Shows China Still Leads in Bitcoin Mining Despite Ban

  • Despite a 2021 ban, China continues to lead in Bitcoin mining hashrate distribution.
  • The US, Kazakhstan, and Russia are experiencing growth in mining activities, with the US share increasing steadily.
  • CryptoQuant’s CEO highlighted that US miners are mostly institutional, contrasting with China’s smaller-scale operations.
  • The rivalry in crypto policies between the US and China could benefit the global industry, as other countries also vie for a share.

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