China Issues Warning News Today : Breaking News, Live Updates & Top Stories | Vimarsana

China’s blanket ban on crypto mining, followed a mass exodus of miners to various African nations including Angola.

Bitcoin tumbled Wednesday from $45,600 to $38,570, its lowest since early February Bitcoin plunged below $39,000 for the first time in more than three months Wednesday after China said cryptocurrencies would not be allowed in transactions and warned investors against speculative trading in them, despite the country powering most of the world's mining. The comments sent the unit diving more than 10 percent and dealt it another blow soon after being battered by comments from tycoon Elon Musk and his Tesla car company. Trading in cryptocurrencies has been banned in China since 2019 to prevent mo...