🔥 Crypto News! 🔥

📊 Ki Young Ju, founder of CryptoQuant, caused controversy when he claimed that China controlled 55% of BTC hashrate. But in reality, mining pools like Antpool, F2pool have miners from all over the world, including the US.

🇺🇸 In August 2024, MARA Pool and USA Foundry Pool (US) accounted for 33.6% of BTC blocks. Hashrate from these pools does not reflect all US miners.

🔍 Accurately locating global hashrate is difficult due to the opaque nature of BTC mining.

🇨🇳 Is the Chinese government changing its crypto policy? From a blanket ban in 2021, to rumors of BTC being lifted in July 2024.

🛡️ In January 2024, China announced a new anti-money laundering framework, effective in 2025, that includes digital assets.

💬 Wang Xiang, a spokesman for the Legislative Affairs Commission, stressed that financial institutions must assess the risks of new technologies.

👉 What do you think of these changes? Share your thoughts below! 💬