News Snapshot:
What Happened: Bitcoin ( CRYPTO : BTC) went into freefall once again as fresh information about China’s crackdown on cryptocurrencies emerged. According to Chinese news outlet 8BTCnews , the Financial Stability and Development Commission of China State Council planning on cracking down on Bitcoin mining and trading. Earlier today, at the Commission’s fifty-first meeting, the regulator called for resolutely preventing and controlling financial risks. “It mentioned strengthening the supervision of financial activities of enterprises platform, cracking down on Bitcoin mining and trading,” reported 8BTCnews. Bitcoin, which was trading over $41,000, fell to $37,000 soon after the news, followed by Ethereum...
