“Labcoin, managed by Hong Kong-based ITec-Pro, which began trading its shares this month on an online exchange, has a market value of 20,000 Bitcoins, or about $2.9 million. Another company, Myminer, operates ‘mining farms’ in China, where it says the low cost of power to run vast numbers of computers gives it an edge. BTCChina.com, China’s most popular Bitcoin exchange, lets traders use the payment systems of more established companies, including Tencent and Alipay, an affiliate of Alibaba Group, to buy and sell the virtual currency. Other Bitcoin trading platforms popular in China are FXBTC.com and Btctrade.com. Regulators in China have so far ignored Bitcoins.”
http://www.businessweek.com/articles/2013-09-05/bitcoin-mania-grips-china
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Obama Sees ObamaCare as Legacy Too Worthy to Resist
First major hemp crop in 60 years is planted in southeast Colorado
8 things you can buy with bitcoins right now
AP chief to Obama: Spying on reporters is ‘an unconstitutional act’
IRS agent: Tax agency is still targeting Tea Party groups
US general warns over Iranian cyber-soldiers
China, India and Pakistan beefing up nuclear arsenals
DEA uproots over 578,000 cannabis plants in national parks
Elderly patients could benefit significantly from using medical marijuana
Privacy fears cause more to cover online tracks
Researchers demand sealed files about JFK assassination be made public
Dutch court finds six coffee shop owners guilty of selling cannabis to non-residents
Britain issues first non-Chinese sovereign RMB bond
Overstock CEO: money ’too important to leave to government officials’
Syria Claims Proof Rebels Used Chemical Weapons