![What makes China a world cryptocurrency mining hub [CGTN]](https://i0.wp.com/usachinatrading.com/wp-content/uploads/2021/04/What-makes-China-a-world-cryptocurrency-mining-hub-CGTN.jpg?resize=525%2C295&ssl=1)
China’s Inner Mongolia’s recent proposal o “clean up and shut down” all cryptocurrency mining operations by the end of April 2021 gave the already high-flying bitcoin’s prices another boost. With comparatively better investment returns than most traditional assets during the COVID-19 pandemic, Bitcoin has been under the spotlight in the financial market. A year ago, one bitcoin would cost about $6,000. However, today, its price hovers around $55,000, nine times what it was year on year, even reaching over $61,000 at one point. Continue reading “What makes China a world cryptocurrency mining hub?”


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