đ Despite China's crypto ban, Chinese Bitcoin miners still dominate the global network, controlling 55% of the hashrate! đ According to CryptoQuant's Ki Young Ju, U.S. mining pools are catching up, managing 40% and catering to institutional miners.
đ Fun fact: China's crypto ban hasn't stopped the tech-savvy from finding ways around it. With new AML regulations on the horizon for 2025, will China finally embrace Bitcoin?
đ Meanwhile, Bitcoin miners worldwide felt the squeeze in August, with revenues dropping to $827.56 million, the lowest in a year.
đŹ What do you think? Will China unban Bitcoin by 2024? Drop your thoughts below! đ
