The price of
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The price of has slumped to lows not seen since September amid rolling internet blackouts in crisis-hit - 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 Miner Tips 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.
The unrest has been fuelled by public anger over the country of 19 million's former ruler Nursultan Nazarbayev and his family amassing a huge fortune, and over a hike in gas prices.
Security forces regained control of the streets of Kazakhstan's main city Almaty on Friday morning and the president said constitutional order had mostly been restored after days of clashes in which at least 26 demonstrators were killed and 18 law-enforcement officers died.
It came hours after 2,500 Russian 'peacekeepers' from the Russian-led Collective Security Treaty Organisation (CSTO) arrived in Kazakhstan on Thursday at the request of President Kassym-Jomart Tokayev.
The price of Bitcoin has slumped to lows not seen since September (above) 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
Masked Kazakh police have been pictured rounding up 'protesters' and opening fire on journalists a day after they were given a shoot to kill order and authorities blocked the internet as the Central Asian state faces a countrywide wave of violent unrest
Armed riot police officers arrest a protester during clashes in Almaty in southern Kazakhstan amid a countrywide wave of unrest in the last week
The chaos in the country, which has seen rolling internet blackouts, has had a huge ripple effect in the Bitcoin network.
According to cybersecurity watchdog Netblocks, Kazakhstan's national internet connectivity was just five per cent of ordinary levels on Friday - making mining for Bitcoin impossible. (Above, the value of Bitcoin over the past five days)
Armed riot police shoot in the air to drive away journalists as he and a fellow officer detain a protest following violent clashes on the streets of Almaty in southern Kazakhstan
The unrest has been fuelled by public anger over the country of 19 million's former ruler Nursultan Nazarbayev and his family amassing a huge fortune, and over a hike in gas prices (Pictured: Russian military vehicle loading to a military cargo plane to depart to Kazakhstan)
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
A Kazakhstan soldier patrol a street after clashes in Almaty and the Central Asian country's president issued a shoot to kill order to his troops to deal with the violent uprising
The chaos in the country, which has seen rolling internet blackouts, has had a huge ripple effect in the Bitcoin network.
According to cybersecurity watchdog Netblocks, Kazakhstan's national internet connectivity was just five per cent of ordinary levels on Friday - making mining for Bitcoin impossible.
Bitcoin mining is the process by which people can create new coins.
It is also how new transactions are confirmed by the Bitcoin network.
It works by using a sophisticated hardware which contains an extremely complex computational math problem.
Russian paratroopers from the Russian-led Collective Security Treaty Organisation (CSTO) board a military cargo plane to depart to Kazakhstan as a 'peacekeeping' force on Thursday
Security forces increase measures around the Presidential Palace in the Kazakh capital Nur-Sultan after a state of emergency was declared following protests against fuel price increases
The first computer that solves the puzzle is awarded the next block of bitcoins - and its associated miners are given crypto tokens - and the process begins again.
But Bitcoin's so-called Proof of Work mechanism requires a global network of computers to be running simultaneously when a transaction takes place - meaning it requires a huge amount of energy.
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