News Snapshot:
Something For the Weekend Bitcoin Plunges Below $30,000 As China Tightens Crackdown For the first time in over five months, bitcoin has dropped below $30,000 as China expands its crackdown on bitcoin mining. On Tuesday, bitcoin plunged to around $28,890, losing 50% of its value since its all-time $63,729.5 high in April. The drop comes as China told banks and payment platforms to stop supporting digital currency transactions. On Friday, bitcoin mining in the Sichuan province was brought to a halt by government orders. Last month, the State Council pledged to clamp down on the mining and trading of cryptocurrencies...
