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China's crypto crackdown wipes out nearly $300 billion in market value

China's renewed crackdown on the cryptocurrency industry has wiped out nearly $300 billion in value from the total digital currency market since Friday. Bitcoin, ether, XRP and other digital coins fell sharply. On Friday, authorities in China's Sichuan province ordered cryptocurrency miners to shut down their operations. And the People's Bank of China urged financial institutions not to provide services related to cryptocurrency activities.
Tue, Jun 22 202111:37 AM EDT