• Reading Level 5
Maths | Science | Design & Technology | Citizenship | Computing | PSHE

‘Mother of all crashes’ as Bitcoin slumps

Are cryptocurrencies evil? Many think digital currency is doomed after China clamped down on Bitcoin yesterday – but others still believe they can revolutionise the global economy. In Liaoning Province, in northeast China, sits one of the biggest Bitcoin minesCryptocurrencies have to be mined, which means that they appear when a computer solves a given number of equations. in the world. Situated in a vast abandoned factory, it can produce more than 700 Bitcoin a month – the equivalent of more than $22m.

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