According to BBC Tech News, China’s central bank has been hit by hackings resulting in it’s website made unreachable to world. Speculations are that it is a retaliation for government action to restrict trading in BitCoins which we reported yesterday.

Yesterday’s action banning the use of BitCoin and allowing yuan deposits for BitCoins resulted in the value of BitCoin value to plunge to close to USD 500. It has since rebounded to around USD 600.

The website of the People’s Bank of China (PBoC) and some exchanges were hit by what is known as a Distributed Denial of Service attack. This attempts to

By Harry