Rumors of Banned Transactions to BTC China Cause Price Drop
You're probably waking up this Monday morning asking yourself what has happened to the price of bitcoin. At Mt. Gox, about $827 USD, and $784 at Bitstamp - down from the high $800s this weekend. So what happened? A panic sell, of course. There's a rumor spreading on the internet that transactions to BTC China (which includes fiat withdrawals) may be banned in the very near future. This information comes allegedly from two payment processor CEOs in China, who later deleted their posts on Chinese microblogging site Weibo after triggering the panic. There is reportedly a meeting with....
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