Bitcoin is still sliding after Thursday’s wipeout

September 15, 2017
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Digital currency Bitcoin continues to fall against the dollar on Friday, following a 16% collapse in its value on Thursday.

Bitcoin began sliding on Thursday after Chinese media reported that the country’s regulators were moving closer to shutting down exchanges. Business Insider first reported that China was looking at a crackdown on all cryptocurrencies after the People’s Bank of China banned “initial coin offerings” at the start of the month.

Things got worse after BTCChina, one of the biggest local exchanges, said it would stop trade at the end of the month. Bloomberg is now reporting that exchanges …read more

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