“Bitcoin’s center of gravity is beginning to shift. Earlier this year, China became the first country to overtake the United States in downloads of the Bitcoin client software, and since China’s dominant search engine, Baidu, began accepting Bitcoins for services, demand has skyrocketed. BTC China, the main exchange there, recently became the largest in the world, accounting for 35% of all Bitcoin trades.  Even more important than losing market share, the United States may also be losing mindshare. The Bitcoin Foundation is reportedly considering moving its headquarters overseas, and citing regulatory concerns, startups are beginning to avoid the United States.”

http://www.theguardian.com/commentisfree/2013/nov/18/bitcoin-senate-hearings-regulation

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