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MtGox And Chinese Evergrande Impact On Bitcoin Market, A Detailed Report. The Real Show Begins On Monday

MtGox And Chinese Evergrande Impact On Bitcoin Market, A Detailed Report. The Real Show Begins On Monday



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  1. tldr; Chinese developer Evergrande Group, which is under $350 billion debt, has warned shareholders and investors about the impossibility of guaranteeing the fulfilment of financial obligations. The company faces a demand to fulfill a $260 million obligation. If that obligation cannot be met, other creditors might demand repayment of debts earlier than normal. The bankruptcy of one of the largest developers in China will have a negative impact on the Chinese economy.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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