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 Will   Clark Jersey , Dec. 6 (Xinhua) -- Police in southwest China's Guizhou   Province have seized 30 suspects in connection with illegal gun manufacturing   and trading, local police said Wednesday.  
Police in Anshun city confiscated more than 80 guns and over 4,500 bullets   after investigating for more than 200 days in several provinces, including   Henan, Zhejiang, Hunan and   Jiangxi 
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They also seized three machines for gun and bullet production, as well as   more than 2,000 gun parts.  
Anshun police started investigating the case after finding a parcel   containing bullets when inspecting the postal sector in May.  
China bans the manufacturing, sale and public ownership of guns.  
Anyone found guilty of owning a gun can face up to seven years in prison.  
Bitcoin's vertiginous ascent showed no signs of abating yesterday, with the   cryptocurrency soaring to another record high just a few percent away from   US$10,000 after gaining more than a fifth in value over the past three days   alone.  
The digital currency has seen an eye-watering tenfold increase in its value   since the start of the year and has more than doubled in value since the   beginning of   October 
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It surged as much as 4.5 percent yesterday to trade at US$9,721 on the   Luxembourg-based Bitstamp exchange, before easing back to around US$9,600.  
Data compiled by Alistair Milne, the Monaco-based manager of the Altana   Digital Currency   Fund 
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"The Coinbase data is evidence that adoption is not slowing down," Milne   said. "Breaking US$10,000 seems inevitable following the recent price action."  
Bitcoin's price has been helped in recent months by the announcement that the   world's biggest derivatives exchange operator CME Group would start offering   bitcoin futures. The company said last week the futures would launch by the end   of the year though no precise date had been set.  
So far, institutional investors have largely stayed away from the   market 
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"Promises of bitcoin futures opening the door to institutional money are   supercharging the price," said Charles Hayter, founder of cryptocurrency data   analysis website Cryptocompare.  
The latest price surge brought bitcoin's "market cap" — its price multiplied   by the number of coins that have been released into the system — to more than   US$163 billion, according to industry website Coinmarketcap.  
The market cap of all cryptocurrencies,   meanwhile 
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The staggering price increases seen in the crypto-market have led to multiple   warnings from central bankers, investment bankers and other investors that it   has reached bubble territory.  
Some say that this could prompt regulators in the West to crack down on the   market in a similar fashion to China, where bitcoin exchanges were shut down   earlier this year.  
"Regulators know the rewards of cryptocurrency and blockchain could be huge   but (they) have more than one eye on the catastrophic ramifications if good   governance, stability and control are not   preserved 
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"If the carrot of self-regulation proves insufficient, the regulators will   not hesitate to use their stick."  
Bitcoin's biggest rival, ether — sometimes referred to as Ethereum, the name   for the project behind it — has seen even more stratospheric gains this   year 
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