Friday, 22 June 2018
Latest news
Main » China's biggest bitcoin exchange to halt trading

China's biggest bitcoin exchange to halt trading

15 September 2017

The price of Bitcoin and almost all other cryptocurrencies has dropped sharply in the last couple of days.

Founded in June 2011, Bitcoin China was the first Bitcoin transaction platform in China and is now the first to be shut down.

Digital currencies developed by authorities could be used for good with the right regulation, Li said. BTC China later tweeted that it will stop all trading on 09/30.

The regulatory crackdown in China against cryptocurrency trading platforms is happening once again.

Hurricane Irma damages North West Company's Caribbean businesses
Barbuda and Antigua before and after Hurricane Irma . French President Emmanuel Macron is due to visit St. Former San Antonio Spurs big man and proud U.S.

Bitcoin and other cryptocurrencies have been falling since the beginning of September when China's PBOC banned the issuance of new digital tokens for fundraising purposes, a relatively new phenom known as ICOs (initial coin offerings).

Chinese regulators have shut down bitcoin exchanges, leaving the future of digital currencies in China up in the air and sending the price of bitcoin and ether tumbling.

Bitcoin is increasingly in the spotlight around the world.

Interest in China in bitcoin surged past year after the price rose. The central bank has announced that Chinese companies will no longer be allowed to issue units of electronic currency to lift funds.

Ryan murder: Cops quiz gardener; HC refuses pre-arrest bail to Pintos
Questions have been raised by many parents over police investigation as many believe that Ashok has been made a scapegoat. A medical that conducted the post mortem examination said that victim's throat was slit twice.

At the time of writing, Ethereum is down 11.73% at $237.17, slightly above its intraday low $222.28, with investors continuing to face the first real test as regulators look to take control of what had nearly become a runaway train.

Bitcoin tumbled immediately after Chinese bitcoin exchange BTCChina announced that it will stop all trading from September 30. Although none of the major platforms received any official notice, the Bitcoin price remained rather shaky and eventually continue to move downward despite some buy support at key levels. Should this happen, bitcoin production worldwide may change substantially, and the overall effect on the price of the currency is somewhat hard to say. Glucksmann said much of the bitcoin community had been concerned about the increased level of scrutiny in China and had been moving their assets out of the country.

The information coming from China paints a bleak picture.

You have left for this month.

Trump to visit Florida Thursday after Hurricane Irma
The state's department of transportation has inspected all of the Keys 42 bridges along US 1 and they are all safe for travel. After flying over the Keys on Monday, the governor described overturned mobile homes , washed-ashore boats and other damage.

China's biggest bitcoin exchange to halt trading