[2017-1-13] Chinese Central Bank turns attention to bitcoin exchanges

[newsatbravenewcoin]

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/