I don't think the recent drops of Bitcoin and Altcoins are caused by the Bad news. It's caused by the news itself. The holders were just searching for a reason to sell. "Bitcoin doubled in one month". There has to be a sell off somewhere. If investors hear news that sounds bad, it's time to sell. But still now Bitcoin is holding strong. China banning CC Exchanges would be bad news. China can ban ICO's for other reasons than trying to attack CC. - There is criminality in ICO's, Scams, They could try to protect their citizens. Can they really ban Bitcoin? Its everywhere and its growing to an bigger bigger value. China can't stay at the sidelines of the blockchain looking at the bitcoin train speeding up and up.
