News Snapshot:
In a surprising streak of events, China has declared all cryptocurrency transactions in the country will be deemed illegal. China’s central bank in a note announced that all transactions involving cryptocurrencies are illegal and cited that it “seriously endangers the safety of people’s assets”. Also Read – [Bitcoin price jumps after Elon Musk tweets Tesla will accept crypto in future](//www.bgr.in/news/bitcoin-price-jumps-after-elon-musk-tweets-tesla-will-accept-crypto-in-future-966589/) As quoted by a BBC report, while China is one of the largest cryptocurrency markets globally, its impact often has an impact on the global price of crypto-currencies. Following the Chinese announcement, Bitcoin’s price fell by more than $2,000 (roughly...
