Bitcoin Exchange Value Halves After Chinese Ban

0
217

An anonymous reader writes with news of the latest major fluctuation in the price people are willing to pay for Bitcoins. From the article: “China’s ban on its financial institutions handling bitcoin causes world’s largest exchange to cease trading, halving the value of the currency from $1, 000 to less than $500 in a matter of days. The country’s central bank took a hard line on Bitcoin in early December when it banned financial institutions from handling the decentralized crypto-currency, and as a result BTC China, the world’s largest bitcoin exchange, has stopped accepting deposits from its users.” Just watch that line trend downward. Read more of this story at Slashdot.

Link:
Bitcoin Exchange Value Halves After Chinese Ban

LEAVE A REPLY

Please enter your comment!
Please enter your name here

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.