strange bedfellows
Bitcoin Lovers, Thank Beijing
Who can stop manipulation of libertarians' favorite currency? Take a bow, Beijing.
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Bitcoin investors can thank China for popping a bubble in the digital currency.
The 10-day volatility of bitcoin dropped 50 percent in a matter of days after authorities stopped leveraged bets and, on Monday, nudged exchanges to start charging transaction fees. The squeeze began in the first two weeks of January when a spike that took the currency's price close to a record prompted regulators to inspect the offices of Huobi.com, OKCoin and BTCChina.