News Snapshot:
Facebook official says China crackdown on bitcoin mining ‘great development’ for the crypto By - June 24, 2021 A Facebook official in charge of crypto project Diem has shared his sentiments on the ongoing crackdown of China on bitcoin mining, saying the move of the country’s government is a great development for the cryptocurrency. David Marcus, head of Facebook Financial (F2) which oversees the social media giant’s stablecoin project said on his Twitter account, “How is more bitcoin mining power moving to the United States and West a bad thing? IMO China cracking down on mining is a great development...
