News Snapshot:
- by admin China’s renewed crackdown on the cryptocurrency industry has wiped off nearly $300 billion in value from the total digital currency market since Friday, when a major bitcoin mining hub ordered miners to shut down operations. Bitcoin was down around 6.6% at $32,735.71 at around 10:47 p.m. ET, coming off its 24-hour low of $31,179.05, according to CoinDesk data. Over the past few days, China has stepped up its efforts to rein in the country’s cryptocurrency industry. Mining ban, PBOC warning On Friday, authorities in China’s Sichuan province, ordered cryptocurrency miners to shut down their operations, according to...
