Bitcoin slumps in wake of China crackdown on crypto mining

Bitcoin tumbled as much as 9 percent on Monday as recent volatility in the cryptocurrency market showed no signs of dampening down, with market players citing thin liquidity and China’s expanding crackdown on bitcoin mining. Bitcoin fell as low as $32,288, its lowest in 12 days, and was last down 7.5 percent. If…

Bitcoin mining in India: A profitable venture?

The COVID-19 pandemic and resulting lockdowns have changed the way the world works in many ways, including accelerating a digital revolution that has, among other things, shone the light on cryptocurrencies, such as Bitcoin and Ethereum. A parabolic increase in the price of Bitcoin over the past year has also…