News Snapshot:
As the cryptocurrency market recovered from the crash it suffered in April–May — primarily because of tightening Chinese regulation on trading and mining of cryptocurrencies — another round of crackdown by China has left the market in the red. Chinese regulators intensified their hammering down of these digital assets, imposing a blanket ban on all cryptocurrency transactions and mining in the country this week. As a result, more than $400 million (roughly Rs. 2,952 crores) worth of crypto coins were liquidated within a day. This renewed effort to contain cryptocurrency trade resulted in top currencies such as Bitcoin and Ether...
