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| VIEW EVENT INFORMATION: Bitcoin |
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That Giant Bitcoin Crash? |
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About the organization Bitcoin:
Type: Business
Sub-Types: Website, Money Transferring Agent, Computer Software, Digital Currency, Cryptocurrency |
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Notable Organizations: Bitcoin, AllThingsD
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| When news surfaced two weeks ago of a fresh round of restrictions that China was placing on businesses transacting in the bitcoin ecosystem, the value of bitcoin plummeted.
The CoinDesk Bitcoin Price Index, for example, showed that bitcoin traded as low as $422 around Dec. 18, when the large Chinese exchange BTC China acknowledged that it wasn’t accepting new deposits in the local currency until it could find a new payment processor that would do business with it. |
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