News Snapshot:
0 The world’s most iconic crypto fell around £1,600 from £25,961 at 6.30am to £24,353 at 1.30pm. It comes as Xi Jinping’s regime intensifies its crackdown on crypto. Part of this has involved targeting “crypto mines” in the country which use computational puzzle-solving to create new units of the virtual currency. News of the measures sent Bitcoin tumbling from a high of almost £47,000 as wary investors shunned the currency. Much of the power-hungry mining process takes place in Sichuan – a province in south-west China. On Friday Chinese media reported that the 26 largest local mines had been ordered...
