How China Rivals Elon Musk in Rattling Crypto Markets

How China Rivals Elon Musk in Rattling Crypto Markets

Not much moves cryptocurrency markets like Elon Musk tweets -- except, perhaps, the idea of another crackdown in China, the world's second-largest economy. From a trading ban on domestic exchanges to squeezes on power-consuming digital currency miners, Chinese regulators have tried to tamp down risks related to the stratospheric rise of Bitcoin and its peers for years. Yet a recent flurry of official reminders has traders nervous about more possibly to come as President Xi Jinping seeks to reduc