China Bitcoin Exchange Plots Future After Crackdown Video

The bitcoin – under siege. And the frontline is here at BTC China, which was until – well, now – the world’s busiest exchange for the popular virtual currency. The price of the bitcoin here plunged into the low $300 range this week, a steep fall from record highs of over $1200 U.S. at the start of the month when China caught bitcoin fever. Since then, the People’s Bank of China banned banks from dealing with it.