Op-Ed: Why the panic sellers are wrong about bitcoin

Op-Ed: Why the panic sellers are wrong about bitcoin It’s déjà vu all over again. Bitcoin’s value dropped farther today (Jan. 11), hitting a low in the $750s after briefly flirting with record highs near $1,200 earlier this month. It turns out bitcoin investors were right to be suspicious last week. The

PYMNTS.com

Bitcoin investigation looks into possibility of fraud

People’s Bank of China launched an on-site investigation of bitcoin trading platforms in Beijing and Shanghai Wednesday, in a bid to better regulate trading of the virtual currency, according to two separate statements from PBOC and PBOC Shanghai Head …

China Daily

PBoC launches spot checks on major bitcoin exchanges

The People’s Bank of China (PBOC) said on Wednesday that it has launched spot checks on major bitcoin exchanges in Beijing and Shanghai, including BTCC, Huobi and OKCoin. The central bank said the reason behind the move was to rule out possible …

EconoTimes

Breaking: Bitcoin Price Crashes as China’s PBOC Performs “On-Site Checks” of Major Exchanges

In significant news coming out of China, China’s central bank – the People’s Bank of China – has revealed that it carried out on-site checks on major Chinese bitcoin exchanges in Beijing and Shanghai. Bitcoin’s soaring value and trading in China has …

CryptoCoinsNews

Bitcoin plunges as Chinese authorities step up scrutiny

Bitcoin prices tanked on Wednesday after Chinese authorities said they would begin investigating local bitcoin businesses to ensure compliance with Chinese laws. In a statement released at 4:53 p.m. local time, the People’s Bank of China said its

MarketWatch

Op-Ed: Why the panic sellers are wrong about bitcoin

They say the best disinfectant is sunlight and the People’s Bank of China just opened the shades on bitcoin. According to multiple news reports, the PBoC will conduct ongoing examinations of bitcoin exchanges – this has caused the price of bitcoin to

CNBC

Why the Bitcoin Price Is Falling Today

If you have ever thought about marijuana as an investment, now is the time to join the growing number of Americans who are becoming “marijuana millionaires.” Well over half of the country already has marijuana legally available in some form, and the …

Money Morning

China’s OKCoin says bitcoin platform operating normally, working with auth…

SHANGHAI Jan 11 Chinese bitcoin exchange OKCoin said its platform was operating normally and it was working with authorities after China’s central bank launched an inspection of it and other exchanges on Wednesday. “The operating situation on …

Reuters

Why China waded into the semi-regulated wilds of Bitcoin exchanges

Digital currency trading can be risky for investors, but in China’s case, the risk extends to the rest of the economy, too. Monitor’s Best: Top 5. What the ruling on swim classes in Switzerland means for Muslims in Europe · Obama speech signals a …

Christian Science Monitor

OKCoin Joins Calls for Bitcoin Regulation in China

Following similar comments by fellow bitcoin exchange BTCC, OKCoin indicated today that it is open to increased oversight from the Chinese government or central bank. In statements, CEO Star Xu said that rumors that the People’s Bank of China may enact …

CoinDesk

Chinese Regulators Target Bitcoin in Effort to Limit Capital Leaving the Country

BEIJING—China’s central bank stepped up supervision of bitcoin trading as it escalates a battle to curb capital outflows and stabilize the yuan. The move sent the virtual currency into a tailspin Wednesday. In separate statements, the Shanghai and

Wall Street Journal

China’s BTCC Welcomes Greater Bitcoin Exchange Oversight

At least one bitcoin exchange in China is open to the idea that the digital currency could become more well-regulated domestically. Speaking to CoinDesk today, BTCC CEO Bobby Lee greeted rumors that the People’s Bank of China is considering ways to …

CoinDesk

China scrutinizes bitcoin on capital flight fear

Chinese regulators have taken steps to ensure bitcoin is not used to facilitate capital flight, even as investors in the cryptocurrency say they doubt it is being used to transfer large amounts of cash out of China. The apparent correlation between a

China Economic Review

China’s Market News: Yuan, FX Policy Force Major Bitcoin Volatility

This daily digest focuses on Yuan rates, major Chinese economic data, market sentiment, new developments in China’s foreign exchange policies, changes in financial market regulations, as well as market news typically available only in Chinese-language …

Nasdaq

Bitcoin crashes below $800 as China probes manipulation of exchanges

Investors in increasingly popular Bitcoin felt the pain today as the price of the crypto-currency fell by 20 percent or over 1,200 Yuan in heavy trading in China, and down more than $100 to just under $800 a coin on comparable US markets. This follows

BusinessDay

Bitcoin slides as China’s central bank launches checks on exchanges

A Bitcoin (virtual currency) paper wallet with QR codes and a coin are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, May 27, 2015. REUTERS/Benoit Tessier/Files. 2/2. left. right. A Bitcoin logo is displayed at the

Reuters UK

Bitcoin falls 10% as China plans to investigate exchanges

The price of bitcoin fell by around 10 percent after Chinese authorities announced plans to inspect bitcoin enterprises. The People’s Bank of China published an announcement this morning that it will carry out site inspections on January 17 to check

CNBC

Bitcoin plummets in value as PBOC announces formal investigation into virtual currency

Turnover of bitcoin in China now accounts for 80 per cent of the global total. The price surged to around 8,000 yuan per bitcoin by the end of 2016 from 2,500 yuan at the beginning of the year. Photo: Reuters. Xie Yu · yu.xie@scmp.com …

South China Morning Post