Chinas ICO Ban Puts GigaWatt In Unique Territory

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China has long been a dominant player on the global Bitcoin map. By 2016 over 90 of Bitcoins global trading volume took place there. Moreover, mining operations were in abundance due to Chinas cheap electricity. It is no coincidence that Bitmain, the worlds largest Bitcoin mining equipment manufacturer, is a Chinese company.While China still dominates crypto mining and mining equipment manufacturing, the countrys Bitcoin trading volume has fallen. When regulations led to bans on no-fee tradin

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