Bitcoin Faces Another FUD as China Intimidates Crypto Mining Industry


Source: ihodl.com ihodl.com

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Bitcoin Faces Another FUD as China Intimidates Crypto Mining Industry Today 17:02 Download audio version On Friday, May 21, bitcoin ( EXANTE : Bitcoin ) is down by more than 10% as China signals another tightening of cryptocurrency mining. According to a statement from Chinese Vice Premier, Liu He, authorities should impose more regulation on the mining market in order to protect the financial system. "...[it is necessary to] crack down on bitcoin mining and trading behavior, and resolutely prevent the transmission of individual risks to the social field," the statement said. As of press time, bitcoin is trading at...