Bitcoin crashes due to "plans" of China

According to some sources, China plans to shut local exchanges; Bitcoin lost %7 in 24 hours
08 September 2017   39455

Having lost about the 20% of its price due to China ban of ICOs, Bitcoin gets new hit: Caixin reports Chinese authorities plan to shut local Bitcoin exchanges.

The supervisory authority has decided to close the exchange of virtual currency in China , which involves all the currencies and currencies of the currency , such as "currency line", "coins" and "Bitcoin China."
Journalists confirmed the news from the person who came close to the Internet Financial Risk Special Rectification Working Group (hereinafter referred to as the Leading Group) and learned that the resolution had been deployed to the local level.
In other words, the future in China can not have the so-called virtual currency and the currency between the trading platform.

Caixin report

So, Caixin suggests regulators are seeking a shutdown of exchanges as part of the ICO ban imposed earlier this week. 

Well, what's the market reaction? Let's check Bitcoin price chart for this week.

Bitcoin price chart
Bitcoin price chart

As you can see on the picture above, Bitcoin got a big "hit" on the 5th of September, just started to recover. Now he's down again.

Top ten cryptocoins
Top ten cryptocoins

Top ten cryptcoins are falling down along with Bitcoin. 

From the point of $4008 at Monday, Bitcoin regained all its lost ground, only to lose half of it once again.

Vinnik Extradtion to France to be Supported by SCoG

Alexander is holding the hunger strike for 24 days and lost around 9 kilos
19 December 2018   22

Following the trial court of the city of Thessaloniki, the Greek Areopagus decided to extradite Alexander Vinnik, suspected of laundering $ 4 billion through the BTC-e cryptocurrency exchange, to France. Thus, the appeal of Russian lawyers was rejected, reports TASS referring to the chairman of the court Angelique Aliferopoul.

After the announcement of the verdict, Alexander Vinnik declared that he would continue the hunger strike against the arbitrary rule of the Greek authorities, which began in mid-November.

I have been starving for 24 days. Yesterday I was weighed; according to the documents, I lost 8 kg. But they did not immediately begin to weigh me, only on the third day. So I lost 9 kg. If I'll be extradited to Moscow, I will stop starving.

Alexander Vinnik


Alexander Vinnik was detained in Greece at the request of the American authorities on July 25, 2017. In June 2018, Vinnik was arrested in absentia in Russia on charges of cyber fraud on a large scale.

At the moment, there have been several court decisions on the extradition of Vinnik - at the request of the United States, at the request of France and two decisions at the request of Russia. The final decision on the case will take the Minister of Justice of Greece.