Bitcoin extends losses after Fed chief urges halt to Facebook's crypto project

Bitcoin dipped almost 8% on Thursday, extending losses the day after U.S. Federal Reserve Chairman Jerome Powell called for a halt to Facebook's Libra cryptocurrency project until concerns ranging from privacy to money-laundering were addressed.

This is a companion discussion topic for the original entry at http://feeds.reuters.com/~r/reuters/technologyNews/~3/VaipoF_oemk/bitcoin-extends-losses-after-fed-chief-urges-halt-to-facebooks-crypto-project-idUSKCN1U60YN