Crypto collapses as bitcoin faces regulatory pressure from China

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  • CNBC Television published this video item, entitled “Crypto collapses as bitcoin faces regulatory pressure from China” – below is their description.

    Bitcoin crashes again after China calls for a crackdown on mining and trading. With CNBC’s Melissa Lee and the Fast Money traders, Karen Finerman, Steve Grasso, James McDonald and Nadine Terman.

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    Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency.

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    China is the third largest country in the world by area and the largest country in the world by population. Properly known as the People’s Republic of China, the political territory of the country includes the former nations of Tibet and Hong Kong. The capital is Beijing.

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