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RE: China sneezes and the rest of the crypto markets catch a cold, but the biggest move likely came because CoinMarketCap removed South Korean exchanges
I agree that the news from China is good news. A more even playing field should reduce the centralisation that has built up in recent years, although it won’t happen immediately as Chinese hardware will still be profitable (albeit less so) so is unlikely to be switched off. It will limit future investment though, creating a more decentralised network in the future!