News Snapshot:
written by admin June 22, 2021 Bitcoin (BTC-USD) fell more than 11% Tuesday morning after China ramped up its crackdown on cryptocurrency mining. The cryptocurrency, which in April had risen higher than $60,000, plunged to a value of under $30,000 and saw all 2021 gains disappear. The dramatic fall comes as China has taken steps to further restrict Bitcoin mining within its territory. âA decentralized computing source, as well as distributed governance, is almost antithetical â it is antithetical â to what the Chinese Communist Party believes,â Ava Labs President John Wu said in a segment with Yahoo Finance Live....
