Bitcoin dives as China widens crackdown on crypto mining –


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Bitcoin dives as China widens crackdown on crypto mining – Times of India 12 mins ago 2 min read BEIJING: Bitcoin tumbled more than 10 per cent on Monday after China broadened a crackdown on its massive cryptocurrency mining industry with a ban on mines in a key southwestern province. Chinese mines power nearly 80 percent of the global trade in cryptocurrencies despite a domestic trading ban since 2017, but in recent months several provinces have ordered mines to close as Beijing turns a sharp eye to the industry. Authorities in the province of Sichuan ordered the closure of 26...