“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
Related posts:
Scaffolding stops sun's rays reflected off skyscraper from starting fires
Jim Rogers: Biggest Event of Next 10-20 Years Just Happened in China
BitWall founder: Breaking down the Bitcoin
Federal judge rules drivers allowed to flash headlights as warning
US ramps up Iraq air strikes in support of Kurdish attack on key dam
Money fund loses 0.3% of clients’ money to bailed-out African Bank
Mexico leader to discuss alleged U.S. spying with Obama
France vows to defend jobs as GE bids for bailed-out energy company
Hungary bars foreigners from buying farmland
Deutsche Bank's Opaque Loans From Brazil to Italy Hide Risk
Bitcoin use spreading despite security concerns
Obama set to sign bill to lower student loan interest rates
Some consumer PCs also appear to have dangerous Intel exploit
Swiss court rules handing over bank employee info to US illegal
Sam Zell says sell