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Evergrande is the trigger to a crypto economy

Originally published at: Evergrande is the trigger to a crypto economy - Daily Fintech

China has banned Bitcoin more times than I can remember. On Friday, China declared that all crypto transactions are illegal driving a sell-off of Bitcoin, Ethereum, and other cryptocurrencies. The market value of the world’s cryptocurrencies tanked to a low of about $1.8 trillion, falling roughly 9% and losing $188 billion in value within just…