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Chinese Mining Rig Manufacturer Microbt Announces Offshore ASIC Factory

On Friday, China-based bitcoin mining rig manufacturer Microbt announced plans to create an offshore facility that produces the company’s Whatsminer devices and parts for North America. The firm revealed the expansion news when it announced a recent partnership with the New York-based Foundry Digital LLC. Microbt’s Whatsminer mining rigs have become popular during the last few years and the company has been able to obtain a large portion of mining device sales. On September 25, the China-based firm announced a partnership with Foundry and detailed it contracted a Southeast Asian firm to create Whatsminer equipment for U.S. customers. News.Bitcoin.com reported…

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East Asia Dominates World’s Onchain Crypto Activity, Europe and North America Trail Behind

Crypto activity continues to flourish worldwide, according to a new cryptocurrency adoption index published by the blockchain intelligence firm Chainalysis. The researchers compile onchain digital currency retail value transferred, onchain crypto deposits, peer-to-peer exchange volume, and other types of methodology. Chainalysis recently published a new report called the “2020 Geography of Crypto,” a study that examines 154 countries and the flourishing cryptocurrency adoption in these areas. The company created a crypto adoption index from the large list of nation-states and only 12 countries had very little traction compared to the rest. Nation-states that ranked the lowest in the adoption index…

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How Grayscale is leading the Crypto Mining Dominance Shift from China to North America

China is home to the biggest crypto mining industry in the world, despite many other countries implementing strategies to attract more mining firms. The US and Canada have tried since 2018 to challenge China’s global dominance in crypto mining for five consecutive years. Data from Cambridge University researchers shows that while China’s dominance of the Bitcoin network’s hash rate is above 65%, the US in the second position only contributes 7.24%. The huge and notable disparity in the Bitcoin mining map has led to heavy investments in North America and other few countries to boost mining operations. One major advantage…

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Blockchain Analytics Show Altcoins 2x More Prominent in East Asia Compared to North America

On August 6, the blockchain intelligence firm Chainalysis published a report that analyzes cryptocurrency trends across various regions worldwide. According to the statistics, North America purchases and holds more bitcoin than any other region. Bitcoin also accounts for the largest share of U.S. crypto asset activity with 72% of all the transaction volume. The blockchain analytics company Chainalysis published an excerpt from the firm’s upcoming “2020 Geography of Cryptocurrency Report” which shows an interesting perspective of geographic crypto hot spots. As far as numbers are concerned, in 2020 East Asia is the most active region worldwide in regard to cryptocurrency…

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North American Investors Vastly Favor Bitcoin Over Other Cryptocurrencies

North America-based institutional investors tend to buy and hold cryptocurrency more than those based in East Asia, according to Chainalysis. Bitcoin (BTC) is the most popular cryptocurrency for trading in every region of the world, but North American investors are the cryptocurrency’s biggest fans, a new report says.On Aug. 6, major crypto analytics firm Chainalysis published a report devoted to key trends in the North American crypto market. According to the report, North American investors “disproportionately favor Bitcoin” over other cryptocurrencies like Ether (ETH) or XRP.Bitcoin represents 72% of all crypto trading in North AmericaWhile Bitcoin is the most traded…

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