China’s central bank unveiled plans to more closely inspect operations of digital currency exchanges in an effort to curb the yuan’s outflow.
Bitcoin price demonstrated a sharp drop on Friday after the central bank of China warned users of the threats associated with the investment in digital currency.
The current price slump is strongly connected with attempts of China to shore up the yuan.
On Monday, Bitcoin price smashed through a new high increasing from $340 up to over $360. Moreover, the cryptocurrency kept soaring across various exchanges. Today Bitcoin hit $400 mark.
The Rise Conference speakers share their opinion on the prospects of Bitcoin.
Nearly 80% of all bitcoin trading volume is driven by the Chinese national currency.
An overview of the future of digital currency, including the key drivers of bitcoin industry in 2015.
The IMF has reported that China will produce $17.6 trillion this year, ahead of the $17.4 trillion made by the USA, which makes China’s economy be the world’s largest. The question is: “How will that affect Bitcoin?”
The Shanghai-based bitcoin and litecoin exchange has launched support for USD and HKD deposits and withdrawals to attract customers from the international community.
During day two of the Bitcoin2014 conference the participants learned about the existing problems being faced by bitcoiners in China…
China’s major virtual-currency exchange BTC China has suspended yuan deposits from the Bank of China, according to a tweet sent from its account.
Bitcoin has been hit once again by the Chinese regulatory hammer as the crackdown gets stronger, due to the warnings issued by People’s Bank of China.
BTC China, the country’s largest bitcoin trading platform, has halted deposits to accounts at China Merchants Bank, as lenders close tie-ups with bitcoin exchanges amid rising government regulations.