Bitcoin, Ethereum prices drop after China reiterates ban on crypto services


Source: cnet.com cnet.com

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Bitcoin has had better days. Bitcoin , Dogecoin , Ethereum and seemingly every cryptocurrency out there saw their prices fall Wednesday following the news of China reconfirming its ban on the crypto services for its financial institutions. This appeared to contribute to a sell-off across the board and stirred wild swings in the stock market throughout the day. The China Internet Finance Association said it won't allow the country's financial institutions to partake in any business related to cryptocurrency due to the volatile nature of the digital coins, according to a Chinese media report Tuesday that was spotted earlier by...