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 world of Bitcoin is observing a worrying tendency of decreasing of active Bitcoin Nodes. BTCC, Bitcoin exchange and mining giant, donated 100 full Bitcoin Nodes to the network and deployed them across five different continents.
Nearly 80% of all bitcoin trading volume is driven by the Chinese national currency.
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…
Bobby Lee, CEO of BTCChina, and Brock Pierce will join the Bitcoin Foundation’s board of directors.
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.
Bitcoin prices decreased as BTC China, a China’s largest bitcoin trading platform, stopped Yuan deposits.
Anyone in China with a smartphone can now act as a bitcoin ATM with BTC China’s new mobile app that lets users buy and sell bitcoins in different major world currencies.
Bad news for the virtual currency in China – the Bitcoin price crashes as Chinese government stops Bank deposits.