“The willingness to invest in GBL despite its shortcomings demonstrates just how popular ‘crypto-currency’ has become in China. In early November, BTC China overtook Mt. Gox and Bistamp to become the largest bitcoin exchange site in the world, handling 34 percent of global bitcoin transactions over the previous seven days, according to data from Bitcoinity.org, a website that tracks bitcoin exchanges. Bitcoin’s appeal to Chinese investors is manifold. The currency experienced a major spike in value in July shortly after being the subject of overwhelmingly favorable reports on CCTV, China’s state-run television station, and People’s Daily, the main Communist Party newspaper.”
Related posts:
Cowboy-style cap gun gets 5-year-old ousted from school in Calvert County
U.S. drone strikes intensify in Yemen
Armed thieves steal planeload of Zurich-bound diamonds and gold
Former NSA exec: The goal of the NSA is total population control
Morgan Stanley execs mocked value of securities before sale to Taiwan bank
Fed Warns Of Crackdown On Leveraged-Buyout Deals
Sandy victims furious as FEMA troubles begin to build
Boy ordered to change schools for carrying cystic fibrosis gene
Strong smell of marijuana reported inside Colorado Capitol
Virtual reality the drawcard in Melbourne's bid to lure travellers
Google: Motorola's tattoos could replace passwords
Regulator Says British Bank Helped Iran Hide Deals
Ex-Obama administration healthcare official joins lobby firm
Companies Squeeze 401K Plans From Facebook to JPMorgan
Facial Scanning Is Making Gains in Surveillance