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By early afternoon, bitcoin was trading around $32,000. Story continues below advertisement The slide follows reports that China has ramped up its crackdown of bitcoin miners in the country, in a continuation of Beijing’s antagonistic approach to cryptocurrency. To reduce energy consumption in support of their climate goals, Chinese authorities have sent miners scattering. Advertisement The networks on which digital currencies run require robust computing power to execute transactions and other purposes, such as generating a fresh supply of cryptocurrency.But those maneuvers require large amounts of energy, a long-standing concern of environmentalists and other critics. Elon Musk, the chief executive...
