China bans, crypto shivers!

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I've always wondered why people give so much credence to the China news. The FUD for yesterday was concerning ICO's and not even blockchains. I've not been doing this for a long time but even to me, the reaction seems crazy for the information. The information is even good, given people had been losing a lot of money from what I heard. Or am I missing something?

China bans, crypto shivers! | Ecency