Bitcoin value – and reputation – plunges soon after China balks

csmonitor.com / By Noelle Swan / DECEMBER 18, 2013 The worth of Bitcoins on the Mt. Gox exchange plunged a lot more than 40percent Wednesday before recovering somewhat, in response to an announcement that the biggest Bitcoin exchange in China has frozen all yuandeposits. BTC China announced yesterday on Sina Weibo, a Chinese social media site similar to Twitter, that the exchange is temporarily halting all yuan [...]
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Bitcoin value – and reputation – plunges soon after China balks