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Despite crackdown, blockchain, metaverse going strong in China
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While the Cambridge Bitcoin Electricity Index indicated that China held 0% of the average monthly hashrate share in August 2021, this may not be strictly accurate.
According to an investigation by China’s state-controlled media, blockchain and metaverse projects appear to be going strong despite the country’s crypto crackdown.
Xinhua Net’s report revealed that websites using terms such as “blockchain” and “meta universe” (a probable reference to the metaverse) are still active. What’s more, they are promoting events, projects, or even educational resources related to banned virtual currencies. A translation of the report stated,
“Industry insiders said that the reason why there are still many websites taking risks is mainly due to the various
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