Three suspects have been detained by Chinese police in connection with an alleged cryptocurrency theft. The estimated damage made up $87 million USD.
Bitcoin continues its steady growth and moves from an alternative asset to a mainstream payment form for businesses.
Bitcoin price recovers as Chinese authorities and bitcoin industry push for regulatory alliance.
Chinese biggest bitcoin exchanges unveiled on Sunday they will impose trading fees, as the government is tightening control over digital currency.
The Chinese government seriously intends to keep its money at home.
The value of bitcoin rose above $500 on Wednesday, following a long period of stagnation.
Chinese government takes serious measures to stop cash outflow and save a falling economy.
The Hong Kong Monetary Authority warned public against investing in digital currencies amid local media reports that a bitcoin exchange had run off with $387M in client funds.
The Payments and Clearing Association of China (PCAC) advises banks to eliminate bitcoin-related activities by using prevention methods.
BTC China announced litecoin trading and waives trading fees across their platform.