News Snapshot:
FAN Editor 1 hour ago 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. Chinese Vice Premier Liu He and the State Council said in a statement that tighter regulation is needed to protect the financial system. The statement, released late Friday in China, 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.” Bitcoin’s price on Coin Metrics slid more than 6% as news of...
