News Snapshot:
After falling below $18,000 over the weekend, many expected bitcoin to fall to lower levels. However, the cryptocurrency managed to bounce back and stay above $20,000 for a week. Despite this commendable resistance, the Chinese state publication Economic Daily believes that the current bear market could mean the end of Bitcoin and send its price into oblivion. Communists against cryptography Since 2021, China has been pursuing a very hostile policy towards cryptocurrencies as it develops its own central bank digital currency, e-CNY. In 2021, the country first banned cryptocurrency mining and then decided to ban all cryptocurrency transactions. And today,...
