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Bitcoin mining hashpower as gone from a low of 103 EH/s to touching as high as 189 EH/s within the last 3 months.
Oluwapelumi Adejumo 2 min read
The blanket crypto ban has had the knock-on effect of popularizing DEXs in China.
North America has embraced decentralized finance the most amongst all regions of the world.
Bitcoin mining activity more than doubled in the US, following China’s crackdown.
A report from China has revealed that over 20 firms have closed because of the crypto ban.
Kucoin has advised its Chinese users to move their digital assets to another crypto platform.
Decentralized finance (DeFi) is profiting from China’s new shakedown on the crypto industry.
Senator Toomey recently put pressure on the SEC Chairman Gensler, sending him a list of 25 burning questions, as he asked for detailed and concrete clarification surrounding current crypto regulation.
Binance has declared that it has stopped dealing with China since 2017.