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Bitcoin => Press => Topic started by: newsatbravenewcoin on January 13, 2017, 06:40:20 AM



Title: [2017-1-13] Chinese Central Bank turns attention to bitcoin exchanges
Post by: newsatbravenewcoin on January 13, 2017, 06:40:20 AM
The price of bitcoin has fallen by a third since peaking above US$1100 early in the year. The precipitous drop was accelerated on Wednesday as the People’s Bank of China (PBoC) announced a surprise inspection of the three major Chinese bitcoin exchanges, BTC China, OKCoin, and Huobi. The price plunged from $917 to $760 over nine frantic hours, and has dropped further since.

http://bravenewcoin.com/news/chinese-central-bank-turns-attention-to-bitcoin-exchanges-price-plummets/ (http://bravenewcoin.com/news/chinese-central-bank-turns-attention-to-bitcoin-exchanges-price-plummets/)