China further curbed mining activity and told major payments platforms and lenders that crypto trading won't be tolerated.Bitcoin plunged 12% over the past 24 hours. The cryptocurrency has lost roughly half its value since it hit an all-time high in April. Other cryptos were also caught up the big sell-off: Ethereum fell about 14% while Dogecoin dove 26%, erasing all of its gains since April.
All six companies said in statements issued after the central bank announcement that no institutions or individuals are allowed to use their platforms for any crypto-related activity. In addition to those remarks, Alipay also pledged to step up investigations against crypto transactions on its platform.China mines more bitcoin than anywhere else.
I didn't know they'll be a time I'll support China
Power of creating perception. That's how do a minority group of oligarchs overpower and downtrodden billions of people.
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