By Youkyung Lee, Ap Business Writer at SeattlePi
SEOUL, South Korea (AP) — Global stocks stabilized Thursday after a tumble the day before that was triggered by reports, later rejected, that China may slow its massive purchases of U.S. government bonds.
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BITCOIN: Bitcoin prices gyrated, sinking about 13 percent according to website Coindesk, after South Korea's justice minister said it plans to ban crypto currency trading. South Korea's presidential office later said the ban is under review and no decision has been made on whether or not to implement it. The justice ministry has taken the sternest stance on digital currencies among South Korean ministries but other government agencies reportedly oppose an outright ban on bitcoin and other virtual currency trading. By early afternoon in Europe, bitcoin was down 8 percent at $13.659.