China's cryptocurrency stocks fall further as bitcoin slumps

Bitfire group

24/05/2021 02:47

** Shares in China's digital currency and blockchain-related
firms fall further, following a slump in cryptocurrencies led by
bitcoin
    ** Bitcoin fell 13% on Sunday after the world's biggest and
best-known cryptocurrency suffered another sell-off that left it
down ~50% from the year's high  urn:newsml:reuters.com:*:nL2N2NA09B 
    ** China will crack down on bitcoin mining and trading
activities as part of efforts to fend off financial risks, the
State Council's Financial Stability and Development Committee
said on Friday  urn:newsml:reuters.com:*:nL2N2N81JF  
    ** HK-listed Okg Technology Holdings Ltd  1499.HK , an
affiliate of crypto exchange OK Coin, tumbles as much as 13.8%
    ** Huobi Tech  1611.HK , an affiliate of crypto exchange
operator Huobi, and Meitu Inc  1357.HK  decline 9% and 1.5%,
respectively 
    ** Qitian Technology Group Co Ltd  300061.SZ , Verisilicon
Microelectronics Shanghai Co Ltd  688521.SS , GRG Banking
Equipment Co Ltd  002152.SZ  and Lakala Payment Co Ltd
 300773.SZ  slip between 0.8% and 4.4%  

 ((luoyan.liu@thomsonreuters.com; Reuters Messaging:
luoyan.liu.thomsonreuters.com@reuters.net))