Ethereum drops more than Bitcoin as China escalates crypto ban, ETH/BTC at 3-week low By Cointelegraph

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Ethereum drops more than Bitcoin as China escalates crypto ban, ETH/BTC at 3-week low The price of 's native token Ether (ETH) crept lower Friday after China extended its crackdown on cryptocurrencies by deeming their transactions to be "illegal." "Financial institutions and non-bank payment institutions cannot offer services to activities and operations related to virtual currencies," the People's Bank of China said in a statement on its website Friday, adding that online crypto services to Chinese residents offered by offshore exchanges are also "illegal financial activities." daily price chart. Source: TradingView.com daily price chart. Source: TradingView.comThe total value staked into the Ethereum PoS smart contract has jumped from 11,616 ETH to 7.76 million ETH in nine months. Source: CryptoQuantContinue Reading on Coin Telegraph Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All
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