Bitcoin price falls as China crypto miners suspend operations due to Beijing crackdown


Source: yahoo.com yahoo.com

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Photograph taken in Paris shows a physical imitation of the Bitcoin crypto currency displayed on US dollars bank notes (AFP via Getty Images) The prices of several cryptocurrencies , including Bitcoin , have dropped further as top mining operators including Huobi Mall and BTC.TOP suspended their operations in China . China accounts for nearly 70 per cent of the world’s cryptocurrency mining, a complex process to produce new crypto coins that involves sophisticated computers solving cryptographic math problems to verify each digital transaction. On Friday, the Financial Stability Development Committee of the State Council in China led by vice premier...