A recent report from Cambridge confirms the US as the top global Bitcoin miner, raising questions about China's reaction. Despite China's anti-crypto stance, its mining pools have historically controlled a significant portion of the global Bitcoin hashrate. The US's current lead and trade tensions may prompt China to reconsider its position. The Coin Bureau and Wanchain representatives discussed potential factors that could influence China's stance on digital assets. The US now dominates Bitcoin mining, accounting for 75.4% of the reported hashrate. This shift marks a significant change in Bitcoin mining power dynamics. China, once a leading mining nation, cracked down on the industry in 2019, signaling its disapproval. However, China still plays a role in Bitcoin mining, accounting for about 15% of the global hashrate. China's strategic response to US dominance in mining and its efforts to de-dollarize its economy through digital assets will shape its stance on cryptocurrencies in the future. Read more AI-generated news on: https://app.chaingpt.org/news

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