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OKCoin has announced new updates regarding recharging methods that were affected by all the rumors regarding Bitcoin in China. As a result of the confusion, bank recharges will not be processed any longer until this matter is clarified. From now on, OKCoin will be using...

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....

From yesterday’s low of around $340, Bitcoin’s price has rebounded to over $425 today. This occurred after news that the governor of the People’s Bank of China, Zhou Xiaochuan, issued statements that made it clear that the bank is not banning Bitcoin. Governor of PBOC Clarifies...

Rumored Bitcoin Ban The value of bitcoin continues to fall as just this week, the price of the digital currency was over the $600 mark. Today, each bitcoin is currently worth approximately $580. Some are linking the recent slip to a news report about China planning a bitcoin ban,...

Bobby Lee, the founder and CEO of China’s largest bitcoin exchange, BTC China, gave an interview to Bloomberg TV on March 19th addressing the issue of bitcoin in China. Bobby Lee: Bitcoin not Banned in China He explained that the digital currency has not been banned in the...

Chinese Bitcoin market confidence has been struck with a massive blow after Japanese bitcoin exchange MtGox acknowledged that it will file for bankruptcy. This has lead to many Chinese investors questioning Bitcoin’s liability, according to XinHua.net. On February 25th,...

While more and more business accommodate themselves to accept bitcoin, China remains distant from fully making the the leap to use the digital currency. Before the Chinese government banished bitcoin back in December 2013, China’s involvement with the currency added to...

Chinese Bitcoin Exchange BTC China has once again begun taking in deposits using its corporate bank account, after the Chinese government shut down their operations back in December 2013. CEO of BTC China, Bobby Lee, acknowledged that his customers can purchase bitcoins by...