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China Benefiting From Bitcoin Moving Higher

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China hosts many of the largest exchanges and basically has cornered the mining of new bitcoins and therefore is benefiting from the recent higher move of bitcoin above $4000.

Bitcoin’s Rally Proving a Boon for China

Aug.17 — Bitcoin’s record rally is proving a boon for China, a country that is at the heart of the crypto-currency economy. It hosts some of the biggest exchanges and dominates the mining of new bitcoins. Bloomberg’s Tom Mackenzie was granted rare access to one of the largest digital currency mines in the world…

finance.yahoo.com

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