Geek Culture
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Geek Culture

Chinas Bans Crypto

The recent ban on cryptocurrency in China has roped the former lucrative, coin markets into disastrous bear trends whose ramifications are approaching almost $1 trillion being wiped of the market capitalization of the cryptocurrency market as a whole. With individual traders losing millions from their portfolio, it raises the question: why are cryptocurrencies’ value weakly derived, and therefore interdependent, on China, why have they decided to ban coin…




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