News Snapshot:
LONDON/TOKYO -Bitcoin tumbled as much as 9per cent on Monday as recent volatility in the cryptocurrency market showed no signs of dampening down, with market players citing thin liquidity and China's expanding crackdown on bitcoin mining. Bitcoin fell as low as US$32,288, its lowest in 12 days, and was last down 7.5per cent. If sustained, the drop would be its biggest in around a month. Advertisement Advertisement Authorities in the southwest province of Sichuan on Friday ordered cryptocurrency mining projects to close. The State Council, China's cabinet, last month vowed to clamp down on bitcoin mining and trading as part...
