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Cryptocurrencies

Kazakhstan turmoil slams bitcoin as key mining hub cut off

Internet shutdown and electricity shortages deal blow to world's No. 2 producer

Kazakhstan is one of the world's top hubs for cryptocurrency mining. (Source photos by AP and Reuters)

TOKYO -- Bitcoin prices have dropped more than 10% in recent days as widespread protests rock Kazakhstan, one of the world's top hubs for cryptocurrency mining.

Bitcoin hovered around the $42,000 mark late Friday night here, down from over $48,000 at the end of 2021, according to CoinDesk.

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