News Snapshot:
The Chinese government’s big crypto takedown is no news to anyone. The very public resentment of the Chinese government left the entire world shaken. This notion started a whole new strain where prominent crypto exchanges were exiting from China. Huobi was one of the first few exchanges to announce its departure from the country. While the platform gave its Chinese users time to withdraw their respective funds, the exchange went a step ahead and suspended its crypto derivatives functions. China’s hostility towards crypto was condemned by many. The country went on to oust mining firms, exchanges, and any crypto-related firms....
