Crypto Market’s Overreaction to Xi’s Blockchain Remark Prompts Tougher Crackdown – CoinDesk

Call it a self-defeating prophecy. When President Xi Jinping praised blockchain technology as an opportunity that China should pounce on last month, many took it as an auspicious sign for the cryptocurrency market in the world’s second-largest economy. This rosy interpretation led to the return of speculative fever surrounding not just major cryptocurrencies but also […]

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