News Snapshot:
NEW YORK/LONDON (Reuters) - Bitcoin dropped on Friday after China's Vice Premier Liu He said his government will crack down on the virtual currency's mining and trading activities. The world's largest and most popular cryptocurrency last traded down more than 6% at $38,293 after holding the $40,000 level for most of the Asian and London sessions. China's Financial Stability and Development Committee, which is chaired by Liu, said on Friday it will resolutely prevent and control financial risks, and singled out bitcoin as the asset it needs to regulate more. His remarks came days after China banned financial institutions and...
