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Cryptocurrencies have had a bit of an interesting year these past several months. In many regards, the crypto boom has been great for most cryptocurrencies available on the market. There are even portions of the world where crypto mining has almost become a national pastime for some citizens. One of the biggest hot spots for crypto mining is none other than Asia.

Places such as Indonesia, Vietnam, Pakistan, and India are becoming more and more "the" places to be if you want to get on the crypto mining train. You can check out your own crypto windfalls by checking out Bitcoin login. The big rush to places such as Indonesia stem from the fact that the former largest crypto mining location, China, is starting to crack down on mining. China used to hold roughly 75% of the world's bitcoin mining before China's government started to crackdown on the process.

Those who used to call China their home for mining have simply moved on to other locations where mining is still allowed. Those that are mining for crypto in Asia aren't just limiting themselves to things like Bitcoin or other mainstream forms of crypto. Currently, some of the most mined crypto in Asia consist of many that most people have probably never heard of before. These include crypto such as Xenon Pay II, MoonStar, Mozard Finance, and even SafeMoon. Sure, Bitcoin and things like Dogecoin are still wildly popular but there are apparently better gains to be had in these smaller cryptos.

Despite the setbacks that came about from China's crackdown on crypto mining, most cryptocurrencies have rebounded quite a bit. For instance, just in the past month one of the world's largest known cryptocurrencies, Bitcoin, once again surpassed the $50,000 (USD) mark. Despite the aforementioned smaller cryptocurrencies that are hogging the spotlight in Asian countries, both Bitcoin and Ethereum remain some of the most mainstream digital currencies still making big waves. Ripple also has a strong showing, coming up third in the most mainstream digital currencies that Asian countries are focusing on.

Interestingly, crypto mining is no stranger to Western influence. Much like when tweets from Elon Musk sent the price of Dogecoin soaring "to the moon," the same can be said for when he tweets about other cryptocurrencies, for both better or for worse. Initially, the Tesla CEO announced that his company has purchased $1.5 billion worth of Bitcoin. He said that Tesla would be accepting Bitcoin as an alternative means of paying for one of his company's new vehicles. This sent the price of Bitcoin soaring and the push to mine more to all-time highs.

Unfortunately, mere weeks after that joyous news, Musk then announced that his company would no longer accept Bitcoin as a means to purchase its vehicles. He cited concerns over the harm that mining has been causing to the environment as a reason why. Once this was said, the price of Bitcoin dropped from almost $55,000 to around $45,000. Thankfully, a decent rebound due to efforts by Asian miners took place, which bolstered the price back up above $50,000.

Other major players that have embraced the crypto boom include none other than Nexon. Nexon is a massive company that was established in South Korea back in 1994. Since then, the company has grown to be the largest game company in South Korea and the third largest game company in all of Asia, outside of Japan. Earlier this year, Nexon announced that they had purchased a hefty $100 million worth of Bitcoin.

"Our purchase of bitcoin reflects a disciplined strategy for protecting shareholder value and for maintaining the purchasing power of our cash assets," said Owen Mahoney, President and CEO of Nexon. "In the current economic environment, we believe bitcoin offers long-term stability and liquidity while maintaining the value of our cash for future investments."
In the months following the purchase, it remains unclear as to Nexon's intentions. It could very well be that Nexon, like many of their operations, see the purchase of Bitcoin as an investment that will pay out over time for the corporation. Regardless as to Nexon's future plans, it's obvious that more and more companies, both based in Asia and elsewhere, are starting to see the value of cryptocurrency.