 | Bitcoin falls on 3rd-party pullback Bitcoin prices slumped some 26 percent on Tuesday following media reports that third-party payment companies have been banned from doing business with the virtual currency exchanges. A source with a major bitcoin exchange platform in China said the blocking of third-party payment channels has affected bitcoins' trading volume. |
 | Bitcoin craze cooling in China after warning Within one hour following the warning issued by the People's Bank of China (PBOC), one Bitcoin price plunged by as much as 35 percent from 6,970 yuan (1,137 U.S. dollars) to about 4,500 yuan at BTC China, the main Bitcoin trading platform in China. |
| Bitcoin price dives after China warning China's financial and payment institutions should not accept Bitcoin as legal tender, Chinese authorities said on Thursday, warning of the risks related to the digital currency. Within one hour following the warning, per Bitcoin price plunged by as much as 35 percent at BTC China, the main Bitcoin trading platform in the country. |
| Banks not allowed to use Bitcoin PBOC barred financial institutions from handling Bitcoin transactions after investors lost money on fraudulent online platforms for the virtual currency. The move also follows an 89-fold jump in the virtual currency's value this year, supported in part by demand from Chinese investors. |
 | China becomes largest Bitcoin market An estimated 1.8 million Bitcoins were traded on BTC China in November, the platform with the highest trading volume in the world, according to statistics gathered by bitcoincharts.com, which provides financial and technical data related to the Bitcoin network. |
 | Three bitcoin trading fraud suspects arrested An investor surnamed Qiao from Zhejiang Province made a report to the local police after his 90,000 yuan investment in the digital currency was gone, a Zhejiang local newspaper reported Wednesday. |
 | Beware of the baneful Bitcoin bug Some people have been bitten by the Bitcoin bug, bidding up its value to above 1,000 US dollars for just one invisible coin. Others have been bitten by scams, losing real money they paid only to be hacked. |
| Bitcoin will not be legitimatized in China Yi Gang, the deputy governor of China's central bank, said that the People's Bank of China will not admit the legitimacy of bitcoins in the short term, during a forum on November 20, 2013. |
 | Bitcoin rollercoaster hits China, challenging supervision 'Bitcoin is hardly a revolutionary product,' said Zhang Yuewen, associate researcher at the Institute of Finance and Banking, the Chinese Academy of Social Sciences. Zhang said in essence, Bitcoin trading is no more than privately manufactured money circulating on the internet. |
| Virtual currency a bit overpriced for the real world Bitcoins, a type of virtual currency, are gaining popularity and value, but mainly among speculative traders. A residential project in Shanghai's Pudong New Area is accepting bitcoins from apartment buyers, taking the currency a step closer to acceptance in China. |
 | Bitcoin hits record high amid Chinese buying spree The Bitcoin is surging to new highs worldwide this month, and the price of one Bitcoin is hovering around 3,490 yuan, almost 2.5 times higher than one month ago, according to Chinanews.com. |
 | Bitcoin growing in popularity in China More than half the value of all Bitcoin transactions are conducted in yuan, according to data from US virtual currency research center Genesis Block, though experts warn that investment in Bitcoin is more riskier than other investment tools. |
 | Chinese 'damas' mad for bitcoin With the Chinese market increasingly optimistic about the digital currency's potential growth, an online bitcoin platform has released that 40 percent of its VIP traders are Chinese women. |
 | Digital currency bitcoin gains virtual interest While the debate over whether the 4-year-old bitcoin is a revolutionary invention or a Ponzi scheme rages, some people have already used them to buy real things and appreciate the smooth and fast transaction process. |
 | A glance at bitcoin development 2008: Pseudonymous developer Satoshi Nakamoto posted a paper describing the bitcoin protocol on the Internet. Nakamoto called it a peer-to-peer, electronic cash system. |
 | Online China-focused Bitcoin platform closes Hong Kong-registered Global Bond Limited shut down in late October and disappeared before users could withdraw investments from their accounts, the China Business News said. |
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