THE cryptocurrency market was earlier this week staging a comeback.
But the price of Bitcoin went down less than one per cent and ether lost nearly four per cent as of Thursday.
Energy regulators in China’s Sichuan province will soon meet local power companies to gather information on cryptocurrency mining, an official said.
This could potentially lead to a clampdown in the country’s second-biggest Bitcoin production hub.
China’s central government vowed last week to crack down on Bitcoin mining and trading.
Bitcoin and other cryptocurrencies are created or “mined” by high-powered computers competing to solve complex mathematical puzzles in an energy-intensive process that often relies on fossil fuels, particularly coal.
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