News Snapshot:
/ A major Chinese bitcoin mining hub is shutting down its cryptocurrency operations – CNBC A major Chinese bitcoin mining hub is shutting down its cryptocurrency operations – CNBC 03/02/2021 A visual representation of the cryptocurrency bitcoin. S3studio | Getty Images GUANGZHOU, China — China’s Inner Mongolia region plans to ban new cryptocurrency mining projects and shut down existing activity in a bid to cut down on energy-consumption. Bitcoin is based on a decentralized network, which means it’s not issued by a single entity like a central bank. Transactions, recorded on a public ledger called the blockchain, need to be...
