29 Nov '13, 5pm

China

China

markets As Bitcoin tops $1,200, does its fate rest in China's hands? Julia Wood CNBC Facebook Share on Facebook Twitter LinkedIn GooglePlus Email Nov. 29, 2013 at 11:49 AM ET ANDY CLARK / Reuters file Digital currency bitcoin's value hit a high of $1,242 on Friday. But what's behind its meteoric rise? A surge in Chinese demand underlies bitcoin's astronomical rise over the past few months—the alternative digital currency topped $1,200 early Friday—underscoring the nation's interest in digital currencies as alternative investments. The question lingers: is it only a matter of time before the government steps in? Bitcoin high a new high of $1,242 on Friday, before retreating to trade in the $1,180 range. According to independent pricing site Bitcoin Average, China now accounts for 62 percent of global market volumes. The surge in demand recently led China-based BTC China to ...

Full article: http://www.nbcnews.com/business/bitcoin-tops-1-200-does-i...

Tweets

Bitcoin Now Tops $1,200 via @WSJ

Bitcoin Now Tops $1,200 via @WSJ

blogs.wsj.com 29 Nov '13, 6pm

While you were eating turkey Thursday, the price of a bitcoin continued to skyrocket. Bitcoin hit a new record Friday of $...

Buyer beware: Bitcoin's fate could rest with China

Buyer beware: Bitcoin's fate could rest with China

cnbc.com 28 Nov '13, 11pm

While the 30-fold rise in the volume of yuan-based bitcoin trades over the last two months underscores China's interest an...

Here's Just How Insane Bitcoin's Recent Rise Is

Started at $13 and now it’s kissing $1,000. The rise trounces even some of the hottest tech startups and most bubblicious ...

James Howells: Pity the Bitcoin miner dumped on by fate

James Howells: Pity the Bitcoin miner dumped on...

telegraph.co.uk 29 Nov '13, 9pm

When bitcoins last came to our notice in October, after the arrest of alleged “dark internet” crime lord Ross Ulbricht in ...

'Cryptocurrency' on the rise: Bitcoin tops $1K ...

usatoday.com 27 Nov '13, 8pm

With Bitcoin supply tightly controlled, investors eye digital currency as an alternative to gold Bitcoin tokens in Sandy, ...

China Warns Of Bitcoin Risks And Tells Financial Institutions Not To Trade It

China Warns Of Bitcoin Risks And Tells Financia...

businessinsider.com 05 Dec '13, 8am

BEIJING (Reuters) - China's central bank warned on Thursday that financial institutions should not trade the digital curre...

#Bitcoin has ‘no legal status’ – China Central Bank

#Bitcoin has ‘no legal status’ – China Central ...

rt.com 05 Dec '13, 9am

China warns banks to avoid bitcoin Published time: December 05, 2013 09:03 Edited time: December 05, 2013 11:52 Get short ...

BITCOIN CRASHES

businessinsider.com 05 Dec '13, 9am

Bitcoin prices have fallen by roughly $150 this morning. Earlier today, the People's Bank of China warned that the controv...

Bitcoin Market Gets a Lift From China

online.wsj.com 04 Dec '13, 8pm

BEIJING—Chinese demand has helped fuel a boom in the virtual currency called bitcoin. But even as prices reach new highs, ...

China central bank warns banks against use of bitcoin

China central bank warns banks against use of b...

cnbc.com 05 Dec '13, 8am

Getty Images China's central bank warned on Thursday that financial institutions should not trade the digital currency bit...

China Bans Financial Companies From Bitcoin Transactions

China Bans Financial Companies From Bitcoin Tra...

bloomberg.com 05 Dec '13, 8am

China’s central bank barred financial institutions from handling Bitcoin transactions, moving to regulate the virtual curr...

Global NAND flash output value to rise 13% in 2...

digitimes.com 29 Nov '13, 8am

Global NAND flash output value to rise 13% in 2014, says DRAMeXchange Jessie Shen, DIGITIMES, Taipei [Friday 29 November 2...

China bans banks from doing business in #bitcoin.

wired.com 06 Dec '13, 12am

Over the past two months, China has become world’s most enthusiastic Bitcoin market, and the country’s central bank has ta...

China Says Banks Can't Do Business in Bitcoin

wired.com 05 Dec '13, 8pm

Over the past two months, China has become world’s most enthusiastic Bitcoin market, and the country’s central bank has ta...

China feeds bitcoin frenzy

edition.cnn.com 05 Dec '13, 2am

"We think it's because bitcoin presents itself as a new asset class, albeit digital in nature. And given China is a countr...