September 27, 2021 What happened? FUD From China Sends Crypto Market Into 'Red Ocean'! A while ago the community was shocked by a report that shook the crypto market causing the market to lose $ 150 billion with a sharp 5% drop. This is the effect of China’s crackdown on digital assets and declaring crypto transactions as illegal. On Friday afternoon, September 24, the People’s Bank of China (PBoC) said that this latest decision was to prevent risks associated with crypto trading. The PBoC also stressed that they are committed to safeguarding national security and social stability. Reported by several...