News Snapshot:
China wants a 'crackdown on Bitcoin mining and trading behavior,' as the world’s second-biggest economy seeks to ward off financial instability. Author: Dan Weil 11:52 AM EDT Bitcoin dropped Friday after China called for a “crackdown on Bitcoin mining and trading behavior,” as the world’s second-biggest economy seeks to ward off financial instability. Those words came in a statement from Chinese Vice Premier Liu He and the State Council, CNBC reports. China must “resolutely prevent the transmission of individual risks to the social field,” the statement said. “It is necessary to maintain the smooth operation of the stock, debt, and...
