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Bitcoin Crashes in Wake of Chinese Restrictions

The meteoric rise of the controversial virtual currency Bitcoin appears to be over, at least for now. China, where wild speculation had sent the price of Bitcoin skyrocketing, announced today that it was no longer accepting yuan deposits for the cybercurrency. The announcement sent the price of Bitcoins tumbling after the midday announcement, sinking as low as 2,503 yuan ($412) by early evening after starting the day at 3,755 yuan ($618). Less than a month ago, the currency sold for as...

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