Trump’s Call for US Bitcoin Mining Hits China’s Bitmain Hard

Quick Summary:

Former President Donald Trump’s call for Bitcoin to be “mined, minted, and made” in the United States could significantly challenge the dominance of China-based Bitmain Technologies Ltd., according to a Bloomberg report.

Bitmain, a leading manufacturer of Bitcoin mining equipment, currently controls an estimated 90% of the global market for mining rigs.However, increasing U.S.-China […]

The post Trump’s Call for US Bitcoin Mining Hits China’s Bitmain Hard appeared first on Coin Edition.

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Article Details

Author / Journalist: Ebiseyei Badei

Category: Crypto

Markets: IndiaChinaUnited States

Topics: Crypto Mining News Bitcoin News Market News Cryptocurrency Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-26 @ 15:30:00 (1 weeks ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 137 words

Reading Time: 1 minutes read

Sentences: 41 lines

Sentence Length: 4 words per sentence (average)

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

Copyright Owner: © Coinedition

News ID: 22263092

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 7 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

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Publisher ID: #124

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