Five in Ten 5/20/21: Crypto Carnage

Cryptocurrencies like Bitcoin and Ethereum suffered major losses after China tightened restrictions that ban financial institutions from offering services involving cryptos. Perhaps not coincidentally, China’s central bank announced its own digital currency just six weeks ago. 5) Biden urges “significant de-escalation” by Israel; 4) Cryptocurrencies tank after China’s crackdown; 3) Chinese professor claims CCP defeated US with “biological war”; 2) Amazon in talks to buy MGM for $9 billion; 1) Fungus turns cicadas into sex maniacs.

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