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As the price of Bitcoin continues to fall (which still isn’t the point, by the way), some may find themselves wondering – where will it bottom out? Is there a point at which the fall will stop itself? As it happens, this is an interesting case study of the value of a...

Bitcoin is crashing, and that’s okay. Earlier this week, the price of Bitcoin dived precipitously, reaching lows not seen since Bitcoin’s last big crash. At time of writing, the price is below $500, the lowest level since May. There’s a decent chance it’ll...

After the recent backlash on Bitcoin by the People’s Bank of China, a series of repercussions were caused in China. BTC China stopped its Chinese RMB deposits, and companies who dealt with Bitcoin directly or indirectly were told to stop. This occurred even though Bitcoin is not...

As a result of the recent PBOC rebuking remarks about banks still funding BTC China, the Chinese Bitcoin exchange company has halted RMB Deposits. The PBOC clarified its position on Bitcoin a few days ago and explained its stance, “The current level of services that banks and...

The past few days seemed like the calm before the storm where, starting on April 15, we were all waiting to see if the PBOC would ban or further restrict Bitcoin. CoinReport got its hands on the translated version of the Caixin article which detailed the events of the PBOC’s most...

There have been rumors that the PBOC planned to further restrict Bitcoin usage in China starting April 15th (yesterday). As such, it was expected for Bitcoin price to decrease, however, the opposite happened: Bitcoin price increased to over $500 as per Bitstamp price quote. There...

Bitcoin has been on a roller coaster ever since Mt Gox collapsed and rumors came out that the People’s Bank of China (PBOC) is looking to restrict Bitcoin. However, today, Bitcoin price increased by a good 10% amidst the comments made by PBOC’s governor Zhou Xiaochuan recently....

As April 15th draws nearer, people around the world are looking forward to seeing what the People’s Bank of China’s stance on Bitcoin will be. In preparation for the impending day, Chinese Bitcoin businesses have begun receiving official notices of account closures from...

Due to a recent report in which China’s central bank ordered payment companies and banks to close over 10 Bitcoin exchange’s trading accounts, Bitcoin price dropped almost 10%. The trading accounts are required to close by April 15, which prevents investors from transferring...

Mt.Gox Falls Mt. Gox, it seems, has reached an all-time low since peaking at over $1200 last year. Bitcoin transactions being conducted through the troubled exchange has hit the price value of $110. The value of a bitcoin on the exchange has been fluctuating throughout the day in...