News Snapshot:
Chinese Bitcoin miners abandoned shipping ahead of the upcoming crypto crackdown Agnes Zang — May 24, 2021 comments off Bitcoin ( Bitcoin ) Although the coin showed a strong 17% rebound overnight, Monday’s downward trend continued. As the coin continues to heal the wounds from the 43% price drop from its recent all-time high, Bitcoin and the broader cryptocurrency market may still face more turbulence. Several large Bitcoin miners Opt out of operations There was news last weekend that the Chinese authorities planned to crack down on cryptocurrency mining in China. By Monday morning, three Bitcoin mining pools announced plans...
