Coinbase launched the first regulated Bitcoin exchange in the U.S. The price of one bitcoin continue rising.
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.
Chinese bitcoin exchange FXBTC is set to be closed on May 10th due to the growing restrictions from the People’s Bank of China.
In case PBOC (People’s Bank of China) decides to tighten the restrictions of financial services that are operating with industry, major Chinese bitcoin exchanges will be ready to move their operations.
Bitcoin exchange Mt. Gox allegedly spent money from its clients’ deposits on operating expenses including extravagances as early as 2 years before it went bankrupt, according to three people who participated in the discussion.