China crackdown
June 24, 2021
Bitcoin and other digital currencies experienced a major sell-off this week following the crackdown by China.
However, the crypto cynics should not rebuff cryptocurrencies.
It’s been something of a turbulent week for crypto. Around $400 billion has been wiped off the total digital currency market since last Friday, when a key Bitcoin mining hub instructed miners to cease operations.
This followed reports that the People’s Bank of China ordered banks to freeze all payment
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