News Snapshot:
Bitcoin tumbles after China cracks down on mining, trading activities * China reiterates bitcoin crackdown * China state broadcaster warns of systemic risks in crypto * Bitcoin down 42% from record high hit in April * Ether down 45% from all-time peak touched earlier this month (Adds new comments, details, updates prices) By Gertrude Chavez-Dreyfuss and Thyagaraju Adinarayan NEW YORK/LONDON, May 21 (Reuters) - Bitcoin slid on Friday after China doubled down on its efforts to prevent speculative and financial risks by cracking down on mining and trading of cryptocurrencies. China's Financial Stability and Development Committee, chaired by Vice Premier...
