News Snapshot:
Bitcoin heading to zero, says China state media amid global crypto downturn As cryptocurrencies reel underneath the global downturn, Chinese state-run newspaper Economic Daily has warned traders that the value of main cryptocurrency Bitcoin is “heading to zero”. The warning got here because the cryptocurrency market continued to face meltdown with Bitcoin hovering round $21,000 per digital coin on Saturday — a considerable drop from its document excessive of $68,000 in November final 12 months. “Bitcoin is nothing more than a string of digital codes, and its returns mainly come from buying low and selling high,” the newspaper mentioned. “In...