Bitcoin Tumbles After PBOC Rumors ConfirmedZero Hedge
Dec. 17, 2013
'People Of Light': New Campaign Seeks To Redefine What It Means To Be 'White'
Salon: Cut Off Friends And Family If They Support Trump
SHOCK VIDEO: Inside Trump's Concentration Camp For Immigrant Children
Turkey Finishes Massive Wall On Syrian Border, Paid For With EU Funds
Tucker: If Leftists Cared About 'Family Separation' They'd Be 'Worried About The Collapse Of The American Family'
The earlier rumors have been confirmed: People’s Bank of China told more than 10 third-party payment service providers yesterday not to give clearing services to online Bitcoin exchanges, China Business News reports, citing a central bank meeting with the companies. This news is pressuring Bitcoin to $678 (on Mt.Gox) but more notably, BTC China rates imply a $588 equivalent price - down 57% from its highs. From a $100-plus premium, BTC China now trades $130 cheap to Mt.Gox as the 'arb' flips.