Posted in

Kazakhstan’s internet shutdown takes out 18% of global Bitcoin production and value of cryptocurrency plummets by 8% as Russia deploys troops to crush protests

The price of Bitcoin has slumped to lows not seen since September amid rolling internet blackouts in crisis-hit Kazakhstan – the second biggest country for Bitcoin mining.

The world’s most used cryptocurrency lost as much as eight per cent in value and tumbled to under $41,000 (£30,100), as investors dumped their crypto coins, partly spurred on by ongoing events in the Central Asian nation.

It comes as dozens have died and public buildings across Kazakhstan have been ransacked and torched in the worst violence experienced by the former Soviet republic in 30 years of independence.

Share