The People's Bank of China has recently issued a new statement in regards to the inspections carried out on exchanges. The Bitcoin price has seen a slight drop following the news and as new Chinese exchange fees caused trading volumes to crash by over 90% in 24 hours. Since the inspections carried out, CNY volume has dropped 99% and is now second to USD.
A new documentary called ‘Banking on Bitcoin’ was released in select theaters and VOD on January 6. The documentary focuses on the 2008 financial crisis with many bitcoin advocates questioning early on why money was being controlled by central banks, the documentary highlights bitcoin as a ‘monetary revolution.’