It took a little over three months for Bitcoin miners to disappear from China. New data from researchers at the University of Cambridge has revealed the rapid impact of the Beijing crackdown on cryptocurrency mining. The Cambridge Center for Alternative Finance (CCAF) found that by the end of August 2021, the percentage of Bitcoin mining in China had “effectively fallen to zero”. The graph above highlights the same. Obviously, the massive yellow dominance faded around August. And then Following the exit of miners from China, the country’s policies have also forced crypto exchanges, businesses and other crypto-related activities to slow...