Bitcoin down 50% after China crackdown

Posted by: Jennifer Cefai (2 years, 10 months ago)

It seems Bitcoin has met its match in China, owing to its sudden tumble. The Chinese government has issued a blanket ban on the currency, with Bloomberg reporting that central bank officials have blocked banks from clearing Bitcoin transactions. They have also ordered all Bitcoin transactions to cease by Chinese New Year, which is in late January. Even though a good number of US investors are still keen on the emerging currency, having a country like China at odds with it does not spell good news for Bitcoin.

← Facebook Dislike Button Appears on Messenger Order Your Own 3D Printed Iron Man Suit for $35,000 →

Process Library is the unique and indispensable process listing database since 2004 Now counting 140,000 processes and 55,000 DLLs. Join and subscribe now!

System Tools

PC Mechanic