Crypto stocks fall as Bitcoin drops, Beijing to probe crypto mining

Sos

29/04/2021 17:44

** Shares of cryptocurrency and blockchain-related firms
fall as Bitcoin  BTC=BTSP  drops 2.5% to $53,548.3 
    ** Chinese capital city of Beijing is probing data centres
involved in cryptocurrency mining, to better understand their
impact on energy consumption, according to sources and a
document seen by Reuters  urn:newsml:reuters.com:*:nL4N2MM0ZL
    ** In New York, Bitcoin bank Silvergate Capital Corp  SI.N 
down 2.8%; cryptocurrency miners Riot Blockchain  RIOT.O  9% and
Marathon Patent Group  MARA.O  8.2% lower
    ** Future Fintech Group  FTFT.O  slides 5.5%, while carmaker
Tesla TSLA.O - a big proponent of BTC - sheds 3.5% 
    ** China-focused SOS  SOS.N  drops 5.7%
    ** Shares of Overstock.com  OSTK.O , an online retailer and
blockchain tech investor, down 6.3%; shares of MicroStrategy Inc
 MSTR.O , a BTC buyer and business intelligence software firm,
4.8% lower
    ** Shares of crypto exchange Coinbase Global  COIN.O  slip
1.3% 
    ** Against the tide, shares of Overstock.com  OSTK.O , an
online retailer and blockchain tech investor, up 6.3% after co
swings to a profit in Q1  urn:newsml:reuters.com:*:nL4N2MM32H
    ** BTC has jumped ~85% YTD

 (Reporting by Aaron Saldanha)
 ((Aaron.Saldanha@thomsonreuters.com; +91 9810644993; Reuters
Messaging: Aaron.Saldanha@thomsonreuters.com@reuters.net))