“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.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Gun rights advocates stand armed outside bagel shop to educate public
List of top places with bargain homes; don't look for California cities
Over 700 arrested so far in North Carolina 'Moral Monday' protests
Mass rally in Venice to call for independence from Italy
IBM exec: Bitcoin 'technological cat is out of the bag'
'Where is the evidence my son was a terrorist?'
Greeks clash with riot police as politicans pass austerity measures
Switzerland tops World Economic Forum global competitive rankings
Brain-damaging lead found in tap water in hundreds of homes tested across Chicago, results show
Bitcoin: Tax haven of the future
U.S. commodity regulator faces court challenge over attempt to regulate cryptocurrency
FL Highway Patrol Trooper arrested for fabricating arrest reports
Poll: Public doubts rise on surveillance, privacy
Leszek Balcerowicz: The Anti-Bernanke
Minnesota Obamacare exchange disclosed personal info of at least 2,400