The news is meh, but still quite significant. It's not like people from China can't use proxies and VPNs to bypass the block? And blocking of ICOs is fine in my opinion. You know people are stupid when the government has to ban it for them to not get scammed.
also the Ban ICO'S on facebook and instagram that too cause the btc price goes down , many bad news right now and that hit the price to under 8k$
The banning of bitcoin and ICO ads on Facebook is actually good news in my opinion. Too much scam ICOs and coins being promoted out there. This is good in terms of keeping those pump and dump and ponzi scams out of bitcoin's name.