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Bitcoin extended losses on Friday afternoon, falling more than 11% after China doubled down on efforts to prevent speculative and financial risks by c

4 Min Read NEW YORK/LONDON (Reuters) -Bitcoin extended losses on Friday afternoon, falling more than 11% after China doubled down on efforts to prevent speculative and financial risks by cracking down on mining and trading of the largest cryptocurrency.China’s Financial Stability and Development Committee, chaired by Vice Premier Liu He, singled out bitcoin as the asset it needs to regulate more. The world’s largest and most popular cryptocurrency recently traded down 11.59% at $35,928 after holding the $40,000 level for most of the Asian and London sessions. Since hitting an all-time hig...

Bitcoin skids after China clamps down on mining, trading activities By Gertrude Chavez-Dreyfuss and Thyagaraju Adinarayan Reuters NEW YORK/LONDON (Reuters) -Bitcoin slid on Friday after China doubled down on its efforts to prevent speculative and financial risks by cracking down on the mining and trading of the world's largest and most popular cryptocurrency. China's Financial Stability and Development Committee, chaired by Vice Premier Liu He singled out bitcoin as the asset it needs to regulate more. China has banned crypto exchanges and initial coin offerings before but has not barred indi...

Bitcoin tumbles 10% after China cracks down on mining, trading activities SECTIONS Last Updated: May 21, 2021, 09:56 PM IST Share Synopsis China's Financial Stability and Development Committee, chaired by Vice Premier Liu He, singled out bitcoin as the asset it needs to regulate more. Reuters China's Financial Stability and Development Committee, which is chaired by Liu, said on Friday it will resolutely prevent and control financial risks, and singled out bitcoin as the asset it needs to regulate more. Related Bitcoin slid on Friday after China doubled down on its efforts to prevent speculat...

William Kuo, the widower of former Dublin Unified School District trustee Catherine Kuo, was unanimously selected to fill his late wife's seat as the representative for Trustee Area 3 on Tuesday night.