“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:
Cops Use YOUR Children As Props For Homeland Security “School Shooter Drills”
A look inside the federal civil forfeiture process
Japan approves £73bn stimulus package
Made Poor by the Crisis: Millions of Europeans Require Red Cross Food Aid
Robot turning Japanese children into calligraphers
American marijuana companies turn to Canadian stock exchange to raise capital
Land prices rising even after year of record drought
Police videos draw disparate opinions in Oklahoma
Allentown PA Subway Accepts Digital Currency Bitcoin
The Government’s Perilous Bitcoin Chase
Leaked Adult Friend Finder user database still online
CIA Files Prove America Helped Saddam as He Gassed Iran
Top general: U.S. still has key Iraq role even after troop exit
NSA pushed 9/11 as key 'sound bite' to justify surveillance
‘Die Hard’ director John McTiernan faces jail within weeks for illegal wiretap, lying