Crypto miners halt China deal after Beijing crackdown, Bitcoin dives – Reuters


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May 23, 2021 Representations of the virtual currencies Bitcoin and Ethereum are on a motherboard in this illustration from May 20, 2021. REUTERS / Dado Ruvic / Illustration Cryptocurrency mining operators, including a Huobi Mall and BTC.TOP, are halting their China activities after Beijing stepped up efforts to combat bitcoin mining and trading and brought the digital currency to its knees. A State Council committee, led by Vice Prime Minister Liu Er, announced the move late Friday – the first time the council has targeted the mining of virtual currency, a large company in China that accounts for up to...