Bitcoin

Bitcoin extends losses to drop below $4,000 amid China uncertainty

Investing.com – Bitcoin, the world’s biggest digital currency by market cap, briefly fell back below the $4,000-level on Sunday, extending weekend losses on reports saying that China was planning to shut down local cryptocurrency exchanges. Bitcoin sank to a low of $3,974.10 and last traded at $4,138.60 by 10:15AM ET (1415GMT), …

Bitcoin

Bitcoin Price Continues to Fall as Chinese Exchanges Trade $600 Lower

BITCOIN PRICE KEEPS SLIPPING Just yesterday, it appeared as if the Bitcoin price had reached a bottom near the US$4,200 mark. With the price hovering around that value for several hours, it appeared to be the low for the time being. Unfortunately, that turned out to not be the case, as the Bitcoin price continues …

Bitcoin

Bitcoin’s price tanks after report China may shut down exchanges

The price of bitcoin fell sharply after a report China’s regulators are planning a further crackdown on the digital currency. Local outlet Caixin is reporting the Asian country is planning to shut down local bitcoin exchanges, according to a Google translation. Bitcoin’s price fell 7 percent midafternoon Friday after the news, according to Coindesk …

Bitcoin

Bitcoin Price Tumbles on This Potential Threat In China

Bitcoin fell sharply on Friday after a report from a Chinese news outlet said China was planning to shut down local crypto-currency exchanges, although analysts said this was just a temporary setback. Sources close to a cross regulators committee that oversees online finance activities told Chinese financial publication Caixin that …

Bitcoin

China is going to shut down local exchanges

Another day, another crash and another Chinese ban. This time, as Reuters spotted, a single report from financial news site Caixin is saying that the Chinese government is considering banning cryptocurrency exchanges in China. In particular, the report is saying that Chinese citizens won’t be able to use exchanges to buy bitcoins, ethers and more using Chinese yuan, …

Bitcoin

Bitcoin’s price tanks after report China may shut down exchanges

The price of bitcoin fell sharply after a report China’s regulators are planning a further crackdown on the digital currency. Local outlet Caixin is reporting the Asian country is planning to shut down local bitcoin exchanges, according to a Google translation. Bitcoin’s price fell 7 percent Friday after the news, according to Coindesk market …

Bitcoin

China cracks down on cryptocurrency ICOs, while regulators across the globe issue warnings

The People’s Bank of China (PBoC), and six other government departments and ministries related to the Chinese economy, recently announced that Initial Coin Offerings (ICOs) are now illegal in the country. Referring to them as “illegal financial crimes,” the country’s central bank blames ICOs for “disrupting the financial markets” and calls for …

Bitcoin

Crackdown in China causes value of Bitcoin to dip

A crackdown on initial coin offerings (ICOs) in China has caused the value of Bitcoin to drop below the $5,000 mark. ICOs have been declared illegal by the People’s Bank of China, the autocratic nation’s securities regulator, due to concerns regarding financial fraud and general criminal activity. The phenomenon of …

Bitcoin

Gold Outshines Bitcoin After N. Korea Bomb Test & China ICO Ban

China banned initial coin offerings over the long weekend, sending bitcoin’s value lower while gold rallied as North Korea’s bomb test rattled markets. The Bitcoin Investment Trust (GBTC) slumped 12% in early trading Tuesday, while the SPDR Gold Shares (GLD) was up 0.7% in recent trading. The Vanguard FTSE Emerging markets exchange-traded fund (VWO) was down …