Cryptocurrencies Bounce Back Following Chinau2019s Ban


Source: todayuknews.com todayuknews.com

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Cryptocurrency prices were rebounding following declarationsu00a0from China last week thatu00a0all crypto-related transactions were illegal and must be banned. Bitcoin,u00a0the worldu2019s largest cryptocurrency, was on the rise, up 2.4% on 27 September to $43,622, whileu00a0ethereum,u00a0the second biggest, was up 7% to $3,098.u00a0Other coins, such asu00a0XRPu00a0andu00a0dogecoin,u00a0also were bouncing back. READu00a0Five things that happened in crypto this week: China crackdown, Coinbase and bitcoin on Twitter Crypto prices were sent tumbling on 24 September after the Peopleu2019s Bank of China said u201cvirtual currency derivative transactionsu201d wereu00a0illegalu00a0and u201cstrictly prohibitedu201d. A statement, signed earlier this month by several government agencies, laid down a tough new regime,...