The shares of bitcoin mining companies on Wednesday got slammed, and are on track to post a third straight decline as prices of the most prominent cryptocurrency and the broader virtual-asset market slumps.
The three-session slide for both companies comes as bitcoins on CoinDesk BTCUSD, -4.04% were down 7.2% so far this week, and valued at $34,096 on Wednesday. “And I think we really need to examine ways in which we can curtail their use and make sure that money laundering doesn’t occur through those channels,” Yellen said.Miners like Marathon and Riot Blockchain, play a key role in maintaining bitcoin’s self-sustaining network, running the decentralized software that verifies transactions.
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