China's looming ban on virtual currency trading won't affect the global market as exchanges based in other countries will continue to operate.
Under normal circumstances, a massive sell-off should have occurred when reports from Caixin and the Wall Street Journal were released about the plans of the People's Bank of China, the central bank of the country, to suspend or ban bitcoin trading platforms. China accounts for about 23 per cent of bitcoin trades and is also home to numerous world's biggest bitcoin miners, who confirm transactions in the digital currency.
The price of Bitcoin dropped sharply after news about a crackdown on virtual currency exchanges emerged on Friday. "Old users will definitely still trade, but the entry threshold for new users is now very high". Bitcoin's growing popularity in China may have caused the government to begin to perceive it as a threat to local currency, especially as Chinese investors bought up bitcoin and bet against the yuan past year. Bitcoin has jumped about 600 percent in dollar terms over the past year, part of a broad surge in virtual currencies that has fueled concerns of a bubble.
Trump gets briefed on Hurricane Irma
Long said it was "hard to say" how long the $15 billion approved by Congress for disaster relief will last. He said he was saying prayers for us. "He really wants to make sure that we're taking care of the people".
DT Aaron Donald Ends Holdout, Reports To Rams
There's no reason that Donald shouldn't be paid well, and the Rams hope to resolve that issue rather quickly with the Rams . The Indianapolis Colts haven't won a game in the first two weeks of the National Football League season since 2013.
At one point, exchanges in the country accounted for more than 90 per cent of the world's bitcoin transactions.
"There has been a general tightening of the screws on regulating financial and monetary conditions", said Mr Mark McFarland, chief economist at Union Bancaire Privee.
Spokeswomen for the OkCoin and Huobi platforms told Reuters they had no information to share following a report by Chinese financial publication Caixin that sent the price of bitcoin down 6.6 percent on Friday. The Chinese bitcoin exchanges have also confirmed that they have not received any such intimation from the authorities and this has helped the bitcoin prices to bounce again from the $4000 region for the second time in a week. Buying Bitcoin was a way to bypass those rules.
One of the most powerful earthquakes ever to hit Mexico shook the southern part of the country Thursday night . Pemex said there were no reports of damage to its Salina Cruz refinery in Oaxaca , the largest in Mexico .
He joins recent acquisition Neymar who made the move from Barcelona in August for a fee of 222 million euro . The French wondekid was unveiled at the Parc des Princes on Wednesday in front of hordes of fans.
Last season, during two victories against Dallas a quarterback notorious for turning the ball over threw just two picks. Part of the struggles of the Cowboys' offense against the Giants' defense come from the personnel the Giants deploy.
Their confidence and resilience has been strong all season, and there's no reason to believe that will change any time soon. Nelson actually picked up the victory, and the Brewers' win pulled them within four of the Cubs in the NL Central.
Columbus City Schools have canceled classes for students on Monday. "Excellent job by our officers", Columbus Police tweeted. The entire incident was over within minutes, however, thanks to the actions of a school employee, police said.
It is now testing this service and many users have seen a new option to share photos and videos which are created with Instagram . Ever since Facebook acquired Instagram in 2012, the two apps have mostly been kept separate, according to TechCrunch .
Girona were accused of trying to "cook the books" over five loan players sent there by City this summer by the La Liga chief. A City spokeswoman said: " We note the public comments made by Mr Tebas today and earlier this week ".
The Elliott decision marks the longest suspension regarding a violation of the league's personal conduct policy. Rapoport later clarified that he was reporting with regards to Elliott's eligibility to be paid for Week 1.
Crane collapses as winds howl in South Florida
He said videos of the collapse posted on social media showed a luffing crane, which lacks a horizontal arm and does not spin. Officials urged people in buildings facing the crane to seek shelter on the opposite side of the building or in a stairwell.
Trump Jr sought damaging Clinton info
Special counsel Robert Mueller is investigating that meeting, also attended by Trump's son-in-law and campaign chairman. Senate aides also could pursue other possible connections that the president's family had with Russian Federation .
Two new hurricanes form in the Atlantic
It said winds would likely fluctuate slightly, but the storm would remain at Category 4 or 5 strength for the next day or two. Earlier , he posted video on Facebook showing wind and pounding rain whipping the shoreline as Irma's core approached.
Governor announces mandatory evacuation
Students were evacuated Thursday morning, and the campus will be closed Friday, the report added. Florida isn't the only state preparing for Hurricane Irma .