Bitcoin was once dominated by China, but the Trump bump is shifting momentum to US

Quick Summary:

As the world’s factory, China cornered the market on bitcoin mining, leading to a flurry of crypto business activity before a harsh crackdown in 2021.

The cryptocurrency landscape could not be more different today, as the re-election of Donald Trump to the US presidency affirmed this month.

Eventually, there were accusations of fraud when people alleged they did not get their payments or equipment, and the company went bust.

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Article Details

Author / Journalist: Matt Haldane

Category: Business

Markets: Hong KongChina

Topics: Forum People Idea Future Trump Bitcoin Company Money China Mining Chinese

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-30 @ 10:00:14 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 381 words

Reading Time: 3 minutes read

Sentences: 12 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23960116

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About SCMP

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Official Website: scmp.com

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Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 1 hours ago

Coverage Areas: Hong Kong

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Publisher ID: #42

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