• China, Hong Kong bitcoin holders scramble to guard their crypto belongings

    A Bitcoin ATM in Hong Kong.

    S3studio | Getty Photos

    Some crypto holders in China and Hong Kong are scrambling to discover a technique to safeguard their bitcoin and different tokens after China’s central financial institution revealed a brand new doc Friday spelling out harder measures in its wider crypto crackdown, together with souped-up methods to observe crypto-related transactions.

    Bitcoin was down as a lot as 6% and ether sunk as a lot as 10%, amid a wider sell-off early Friday, as traders digested the information.

    “For the reason that announcement lower than two hours in the past, I’ve already