Marketplace Tech for Friday, December 20, 2013
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.
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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