Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Bitcoin_is_here_to_stay
on 04/06/2014, 14:10:31 UTC
I think there was bad news from China behind the recent crash

Quote from: stefanlau
Bad news from China, this morning the Sina Weibo said that China gov will issue the file named NO.140 announcement 2014 from China Payment Institute that they will completely cut the bitcoin fund chain including the current only deposit method--deposit code.They also said that the bank card accounts of all deposit deputy merchants of every exchange platform have been supervised and recorded,and will be frozen.Effected by this news,the bitcoin price drops from 4180CNY to 3800CNY,and then come back a little.
 
Chinese media report:http://www.btcside.com/new/detail/1030