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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...

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...

In an open letter, BTC China, a popular Chinese Bitcoin exchange, wrote that it has not received any official notice from the PBOC. Many media sources have been speculating on the rumor that the PBOC will be striking down on Bitcoin come April 15th. However, BTC China wri...

Amid many rumors of a Bitcoin ban in China, the Chinese central bank has sent out notice to the Chinese Bitcoin exchanges, and it is not in the favor of the digital currency. China’s central bank, the PBOC, has just ordered payment companies and commercial banks to shut down...

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...