News Snapshot:
Budrul Chukrut | LightRocket | Getty Images Bitcoin ’s price tumbled Friday following an intensified call from Chinese authorities to crack down on mining and trading of the cryptocurrency . In a statement from Chinese Vice Premier Liu He and the State Council, authorities said tighter regulation is needed to protect the financial system. Experience the magic of compounding interest with collateral-backed P2P lending - Learn More The statement, released late Friday in China time, said it is necessary to “crack down on Bitcoin mining and trading behavior, and resolutely prevent the transmission of individual risks to the social field.”...
