Coinbase bonds are dropping following Chinese Bitcoin ban Coinbase Global Inc. bonds have fallen significantly after the upcoming news delivered from China’s Bank of Crypto. Previously, the Chinese government blocked all crypto transactions, but it has adopted a new policy designed for stopping illegal crypto mining and transactions. Stated investors’ losses at press time stand at $100 million. The $1 billion, 10-year, 3.6% bond loss overnight is staying at 1.5 points. The mentioned bonds have dropped to $0.945. Seven-year $1 billion 3.375% notes have lost one basis point, according to Trace bond pricing data. Coinbase’s bonds already went through a…