News Snapshot:
A bitcoin mine near Kongyuxiang, Sichuan, China on August 12, 2016. Paul Ratje | The Washington Post | Getty Images Bitcoin sank Monday on reports that China has intensified its crackdown on cryptocurrency mining. The world’s largest digital currency fell 7% to a price of $32,801 Monday morning, dropping below $33,000 for the first time since June 8, according to data from Coin Metrics. It was last trading at $32,964 as of 5 a.m. ET. Smaller rivals like ether and XRP also tumbled, down 8% and 7% respectively. Many bitcoin mines in Sichuan were shuttered Sunday after authorities in the...
