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Cryptocurrency Miners Vote with Their Feet
To say the last few months have been tumultuous for the cryptocurrency industry may be an understatement. But it’s interesting to consider how the cryptocurrency mining industry has proven resilient—at least in the face of legal and regulatory pressure. For instance, in June 2021, the Chinese government banned cryptocurrency mining, citing concerns over its effects on the environment. In response, entire companies simply closed up shop and moved to the United States and several other countries. Since then, the United States has attracted billions of dollars in foreign direct investment to build out cryptocurrency ... (full story)
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- Posted: Jan 25, 2023 1:23pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 198
