Marketplace Tech for Friday, December 20, 2013
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Bitcoin has had a wild week, in no small part because the huge road block the currency hit in China. There the exchange is called BTC China. In recent months the price of Bitcoin has skyrocketed thanks to people buying it up in the country, where the national currency is tightly controlled, but a few days ago the Chinese government put on the breaks, forcing the exchange to stop accepting Chinese currency. That cut the price of Bitcoin in half, but there's still plenty of interest in the country.
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Posted In: bitcoin, China's Economy
The global price of the digital currency Bitcoin went on a roller coaster ride this week when the world’s biggest Bitcoin exchange was forced by China’s government to stop accepting deposits. Up to now, the exchange, BTC China, was the trading epicenter for the Bitcoin economy.