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Bitcoin drops as China intensifies crypto mining crackdown – CNBC

Bitcoin sank Monday on reports that China has intensified its crackdown on cryptocurrency mining.

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A bitcoin mine near Kongyuxiang, Sichuan, China on August 12, 2016.
Bitcoin sank Monday on reports that China has intensified its crackdown on cryptocurrency mining.
The world’s largest digital currency fell 7% to a price of $32,801 Monday morning, dropping…

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