December 30, 2013 at 8:00 am PT When news surfaced two weeks ago of a fresh round of restrictions that China was placing on businesses transacting in the bitcoin ecosystem, the value of bitcoin plummeted.The CoinDesk Bitcoin Price Index, for example, showed that bitcoin traded as low as $422 around Dec.18, when the large Chinese exchange BTC China acknowledged that it wasn’t accepting new deposits in the local currency until it could find a new payment processor that would do business with it.But a funny thing has happened since then: Bitcoin hasn’t experienced an all-out crash.Instead, its value has recovered.As of this writing, CoinDesk’s index, which takes the average of bitcoin trading values from three global exchanges (not including BTC China), pegs the value of bitcoin at about $755.That’s a 79 percent increase in a little less than two weeks.The digital currency is trading a bit lower on BTC China, which still isn’t accepting new deposits, at about $723, but its value has recovered a bunch in the last two weeks.

So, is bitcoin suddenly so resilient that one government’s restrictions can’t topple the whole ecosystem?Or are there artificial safeguards propping the value up?It could be a combination of two.ethereum live transactionsOn one side, it’s clear bitcoin demand has increased across the globe in recent months.bitcoin transaction failBut at the same time, BTC China has instituted some changes to its business in the last two weeks, in what seems like an attempt to keep its users from fleeing, that may be affecting pricing.bitcoin ham radioBTC China CEO Bobby Lee published a post on Dec.bitcoin feminist20, the day after he told AllThingsD that he was still searching for a way to take new deposits and keep his exchange afloat, outlining some changes to the exchange.ethereum collapse

The first was a bitcoin wallet that the company says would keep customers’ bitcoin stored safely.The second change was reinstituting trading fees that had been waived for some time, in an effort to “reduce speculation and price volatility.” “We strongly believe that the regulators want to see Bitcoin develop in a more stable manner in China, without the high volatility in prices,” Lee wrote.bitcoin blockchain format“We believe that Bitcoin can continue to thrive in China if the prices are more stabilized.” Whether that’s the case remains to be seen.vendere bitcoin italiaOf course, few people would argue that the volatility in price is a good thing for a more mainstream adoption of bitcoin as a payment method.bitcoin mining rig kaufen

Either way, the last two weeks have proven one thing: Bitcoin is a lot harder to topple than almost anyone could have expected just six months ago.YOU ARE HERE: LAT HomeCollectionsConspiracy A small plane with nine people aboard went down off the coast of the Hawaiian island of Molokai, killing one person -- the state's health department director, Loretta Fuddy.bitcoin to sterling conversionThe Wednesday crash put an unexpected spotlight on Fuddy, 65, who had helped implement Obamacare, the state's new gay marriage law and, perhaps most notably to conspiracy theorists, verified and approved the release of President Obama's birth certificate.During the presidential campaign in 2008, so-called birthers -- including Donald Trump -- began demanding to see candidate Barack Obama's birth certificate for proof that he was born in the United States and, thus, eligible to be president.In 2011, Fuddy verified that the birth certificate was legitimate and Obama released the long-form version.

That, however, failed to placate everyone, which is why Fuddy's death has added fuel to the conspiracy theory fire.Some examples of what was being posted on social media: Uh Oh....http://t.co/53Dicpliji Health Off Who Authenticated Obama Birth Certificate Dies In Plane Crash What Did She Really Know..?#TCOT— John Dee (@GaltsGultch) December 12, 2013 what did loretta fuddy know about benghazi— 6° of Kevin Bitcoin (@OhWowHmm) December 12, 2013 The WH tying up loose ends?Official who OK'd Obama birth papers dies in crash http://t.co/X73LQwBEwk via @USATODAY # birtherconspiracy— Andy Anguiano (@anguiano_andrew) December 12, 2013 The Cessna that Fuddy was a passenger in crashed into the ocean after leaving Kalaupapa Airport on Molokai around 3:15 p.m.local time Wednesday.The eight other people on the plane, including the pilot, were rescued, but one "person remained in the fuselage of the plane," Honolulu Fire Capt.Terry Seelig told KHON-TV."It's always a different situation when you're not able to get everybody out."

The National Transportation Safety Board is investigating the crash, Eric Weiss, agency spokesman, told the Los Angeles Times.The plane's owner, Makana Kai Air, told the Honolulu Star Advertiser on Thursday that the crash was caused by "catastrophic engine failure."MakaniKai Air President Richard Schuman said Wednesday that he didn't know if the pilot had called for help before the plane went down.An aircraft circling nearby spotted the passengers in the water and the wreckage and reported it, he said.Fuddy was apparently headed to Honolulu from Kalawao County, a park on the north coast of the island of Molokai and the home of the state's former leper colonies.The director of the health department also serves as the mayor of Kalawao County.“Our hearts are broken.Loretta was deeply loved and respected.She was selfless, utterly dedicated, and committed to her colleagues in the Department of Health and to the people of Hawaii," Hawaii Gov.Neil Abercrombie said in a statement."Her knowledge was vast; her counsel and advice always given from her heart as much as from her storehouse of experience."Fuddy