News Snapshot:
Bitcoin Plunges to $34,889 Per Coin Following China Ban, Tesla Rejection and Binance Investigation Published Tweet Bitcoin, the world’s most dominant cryptocurrency, plunged by 18 percent to $34,889.62 per coin on Wednesday following the decision of the Chinese government to ban banks and other financial institutions from facilitating cryptocurrency payments. This was after Elon Musk announced that Tesla Inc has stopped accepting bitcoin for payment of its vehicle due to the rising use of fossil fuels in Bitcoin mining and transactions. Also, Bloomberg report that Binance is being investigated by the U.S Internal Revenue Service and the Department of Justice...
