Despite a blanket ban on cryptocurrency in China, many Chinese citizens continue to mine Bitcoin illegally, according to data from the Cambridge Bitcoin Electricity Consumption Index (CBECI).
What Happened: The data showed that China became the second-largest Bitcoin (CRYPTO: BTC) hash rate provider as of January. This came despite the local government banning all operations related to cryptocurrencies such as Bitcoin, Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: …
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