seth melamed

  • Bitcoin’s Price Plummets as China Cracks Down on Trades

    Bitcoin’s Price Plummets as China Cracks Down on Trades

    China has all but banned bitcoin — and bitcoin holders, whoever they are, have customarily panic dumped the cryptocurrency. As CNBC International’s Ryan Browne has pointed out, bitcoin nearly wiped out all of its gains this year this morning, which would turn into a loss if it reaches $US29,388.30 ($37,693). Early this morning, it hit…