News Snapshot:
Beijing, June 25: As cryptocurrencies fluctuate due to the global slowdown, Chinese state-run newspaper Economic Daily warned investors that the price of the main cryptocurrency, Bitcoin, is “heading towards zero.” The warning came as the cryptocurrency market continued to face a sharp downturn, with bitcoin hovering around $21,000 per digital coin on Saturday — a substantial drop from last year’s November high of $68,000. Emaar Dubai Chief Executive Officer Amit Jain, who was temporarily detained at Delhi airport, was later released after being questioned. Advertising “Bitcoin is nothing more than a set of digital codes, and its income comes mainly...
