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The recent upheaval about China potentially banning bitcoin, or at least bitcoin exchanges, was immediately and simultaneously decried as fake news and a potential disaster. For now, it seems that China is holding back on an outright ban, but has spoken out against ICOs, going as...

The price is up. The price is down. The price is back up! The bitcoin rollercoaster rolls onward, attracting renewed mainstream interest as the digital asset outperforms other investment instruments. In China, where bitcoin trading volume far surpasses that of other nations,...

Chinese investors are driving up bitcoin again, pushing prices up by nearly 16 percent in the past four days, reported The Wall Street Journal. Citing data from blockchain.info, the newspaper said the four-day surge in bitcoin since Friday has pumped $1.2 billion in market...

In the past 24 hours, bitcoin price has surged from a low of $380 to a high of $490 earlier today. Overall, the cryptocurrency has increased by more than 70% over the past three months. While the news for bitcoin proponents, supporters and users is certainly welcome, there is a...

Bitcoin Weekly Digest Here at CoinReport, we like to breakdown the week’s bitcoin news and headlines for our readers. This week’s digest, ending May 17th 2014, has been packed with good news for bitcoin, for once. Maybe it’s the arrival of summer but spirits are...

Bitcoin has inspired some of the most artistic people to voice out their expressions of not only the digital coin industry, but in the entire world as seen by them. One Chinese song writer, ZhangZhang, has composed the first ever bitcoin music video, paying homage to the the...

Why China is important for Bitcoin As it currently stands, whether we like it or not, Chinese opinion has the power to dramatically affect the price of bitcoin. We have seen prices rise and fall in direct response to how bitcoin is being received by this one country. The question...

Towards the end of 2013, the People’s Bank of China banned firms from processing payments in digital currency. This led to a 28% decline in bitcoin’s value just a day later. However, this hasn’t stopped a new bitcoin startup, called Bihang, to emerge. Bihang The...

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...

At CoinReport, our goal is to make news easily accessible and easy to understand. This weekly digest, ending on April 27, 2014, started off on a positive note for Bitcoin, but ended up on a negative one. From the recent PBOC’s backlash, Bitcoin is under the bus, once again....