BTC China Halts CNY Deposits, CNY-USD Spread Climbs to 30% as CNY Volume Drops
Bitcoin markets have been roiled dramatically in the past two weeks by actions of the PBOC. Initial notice on December 5 stating that financial institutions
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Bitcoin markets have been roiled dramatically in the past two weeks by actions of the PBOC. Initial notice on December 5 stating that financial institutions
Bitcoin suffered a roughly 30% drop before recovering somewhat yesterday after word hit the market indicating Chinese regulators would no longer allow payment processors to serve
The last week has seen dramatic upwards price action in the bitcoin markets, driven by a series of macro and micro events across the globe.
Since the beginning of this year, China has played an increasingly important role in the digital currency universe. After state-run CCTV ran a documentary about
Last month we showed the initial impact after Chinese state-run broadcaster CCTV ran a piece about bitcoin. The Chinese presence in bitcoin has continued to accelerate since
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