by forwardslash

China’s biggest Bitcoin exchange was forced to stop accepting renminbi deposits on Wednesday, sending the price of the virtual currency tumbling in one of its biggest markets globally.

The exchange, BTC China, made the announcement in a post on its verified account on Weibo, China’s Twitter-like messaging service.

Well that can't be good. I've been watching the price of bitcoin casually with Bitcoin Ticker and its tumble down (especially when looking at the last 3 months).