18 Dec '13, 7pm

If China Wanted to Ban Bitcoin, It Would Ban Bitcoin

The price of bitcoin has taken a beating in the last day following a move by the Chinese government to ban new Chinese yuan deposits in the country’s biggest bitcoin exchange, BTC China. That move follows another one that reportedly saw China’s central bank order payment processors in the country to stop working with bitcoin exchanges . The price of bitcoin bottomed out at about $422 earlier today on the news, before rebounding to about $604 at the time of writing, according to the CoinDesk Bitcoin Price Index . Still, the currency is trading down 12 percent today and about 36 percent since Friday. The deposits ban is a blow to the bitcoin ecosystem in China and perhaps worldwide, but it’s a not a death knell. For one thing, BTC China CEO Bobby Lee told CoinDesk today that he is trying to work out a deal with a different third-party payment company to reinstate Chinese yua...

Full article: http://allthingsd.com/20131218/if-china-wanted-to-ban-bit...

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The price of bitcoin has taken a beating in the last day following a move by the Chinese government to ban new Chinese yua...

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techcrunch.com 18 Dec '13, 2pm

China’s biggest Bitcoin exchange, BTCChina , has stopped accepting deposits in Chinese yuan. The shutdown has sent the cur...

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theguardian.com 18 Dec '13, 11am

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#Bitcoin takes 50% plunge after China bans new ...

rt.com 18 Dec '13, 2pm

Bitcoin takes 50% plunge after China's biggest exchange bans new deposits Published time: December 18, 2013 13:13 Edited t...

Bitcoin plummets as China's largest exchange bl...

theguardian.com 18 Dec '13, 11am

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Continue reading the main story How Bitcoin works Bitcoin is often referred to as a new kind of currency. But it may be be...

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bbc.co.uk 18 Dec '13, 12pm

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usatoday.com 18 Dec '13, 11pm

Bitcoin is supposed to be beyond the reach of governments, but some central banks and financial regulators are cracking do...