The news are finally official,
to be fair the "news" was that China has banned bitcoin which has never been true. they have closed exchanges which have been doing illegal stuff as earlier this year we clearly saw it.
they tried regulating them but apparently they have failed to do so. they probably try to do more regulation of exchanges though.
and also they have never said trading bitcoin is banned or anything.
if that's the case, then bitcoin has a pretty good outlook for the future in china; if the chinese government does indeed implement stringent policies on cryptocurrency exchange regulation in the future, that only serves to further the security of cryptocurrency trading in that economy, and we could be looking at a pretty solid price spike as a result in the future.
to be honest though, im getting pretty sick of all this price fluctuation resulting from news out of china, i was sure bitcoin would rise again from 3800 usd after yesterday's events, but looks like im down a few bucks from what i bought yesterday. no worries though, i've full faith it'll recover in no time. still, it's tanked to 3500 usd at the time of this post, thats still shy of 10% but a pretty big impact nonetheless.