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Michael Saylor: Bitcoin Halving - Bull Run Is Confirmed! BTC Price PredictionChina bans crypto initial coin offerings. In an attempt to buoy a weakening yuan and block money from flowing out of China illegally, the. New research shows that China's Bitcoin ban has sent the process of creating new coins, known as mining, to countries where it uses far less. China intensifies crypto crackdown; Vows to root out "illegal" trading activity, bans mining; Bitcoin, smaller coins slump. SHANGHAI/LONDON.