OKCoin: Ponzi Schemes Target Chinese Bitcoin Investors
Earlier this month, bitcoin had one of its best weeks since August 2014, as the price of bitcoin peaked US$500 in international exchanges, including OKCoin, BTCC, BitFinex and Bitstamp. However, bitcoin price immediately began to plummet, falling back down to US$356 at today's low, recording a nearly 30% decline since its peak on November 5. As a result, the trading volume of prominent Chinese bitcoin exchanges including OKCoin have almost halved over the past week. OKCoin, the world's largest bitcoin exchange (by trading volume) suspects that the slowdown in bitcoin trading activity in....
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