24 Oct '13, 9pm

How China ended up in the driver's seat of the Bitcoin economy

How China ended up in the driver's seat of the Bitcoin economy

Bitcoin , the stateless digital currency, has topped the $200 mark again, gaining more than 35 percent since the beginning of October. Thursday’s high of $233 is just $33 off the highest price ever paid for the currency, in April 2013. Bitcoin has also exceeded a $2 billion market cap for the second time ever. All of this has happened despite the closure of the illicit online marketplace Silk Road , which many believed was sustaining the currency. Clearly not. The Silk Road bust was just the latest in a series of what were considered blows to the currency. Specifically, BTC’s increased visibility, including the first arrest for a Bitcoin Ponzi scheme , has led authorities to take the first important steps toward regulating it. From U.S. Federal court to New York State to the Senate , Bitcoin regulation has been the trend for some time now. In the West, anyway. In China, it...

Full article: http://www.dailydot.com/business/btc-china-bitcoin-economy/

Tweets

Bitcoin Booms, China Helps

Bitcoin Booms, China Helps

thediplomat.com 23 Oct '13, 9am

The price of a Bitcoin (BTC), the much-discussed and highly volatile crypto-currency, has topped $200 for only the second ...

The Chinese Are In Love With Bitcoin And It's Driving The Digital Currency's Prices Into The Stratosphere

The Chinese Are In Love With Bitcoin And It's D...

businessinsider.com 29 Oct '13, 6pm

crashed after the government shut down illicit online emporium Silk Road ? That now seems like a distant memory. Since rea...

Bitcoin’s Biggest Exchange is Now in China as t...

maxkeiser.com 23 Oct '13, 9pm

China is now not only the number two downloader of Bitcoin software globally, it also hosts the world’s most active exchan...

Knowledge economy? Then value art

Knowledge economy? Then value art

yawningbread.wordpress.com 25 Oct '13, 1am

Cycle – rattan/bamboo weave sculpture by Sopheap Pich, exhibited in the Metropolitan Museum of Art, 2013 I love speaking w...

WIEF Speech

1malaysia.com.my 29 Oct '13, 11am

1. It gives me great pleasure to be back in London, one of the world’s most international cities. One in four Londoners wa...

This is Why Uber is endangering me as taxi driv...

taxi-library.org 23 Oct '13, 10pm

It is a good idea to have a spare key for the taxi you drive, get them made if need be, and carry it in your left pocket b...

Fascinating website don't ask how I ended up he...

derelictlondon.com 24 Oct '13, 5pm

This introduction is from the Empty Homes Agency website (Empty Homes are an independent charity who help people create ho...

Lowest ever prices on TaylorMade RBZ Stage 2 Dr...

americangolf.co.uk 03 Nov '13, 12pm

Fairway Woods: Everything You Need to Know Whether you’re just starting out or have a good grasp of the game, choosing the...

Good news for the green economy

businessgreen.com 31 Oct '13, 1pm

It is time, I think we can all agree, for some good news. So thanks to the Netherlands Environmental Assessment Agency and...

The case for habitat protection - benefits to t...

usgbc.org 25 Oct '13, 6pm

Building green is one of the most important tenets in creating a sustainable future. In less than fifteen years, LEED has ...

Meanwhile, In Bitcoin...

zerohedge.com 24 Oct '13, 3pm

last week we noted that the cryptocurrency was quietly surging towards record highs once again as the debacle in Washingto...

Manager Of $55 Billion Hedge Fund Is Bullish On...

businessinsider.com 26 Oct '13, 11am

Given that Bitcoin may ultimately make firms like Fortress - that rely on fiat specie - redundant, then doesn't the endors...

Visualizing Bitcoin's Amazingly Fast Spread Aro...

fastcoexist.com 24 Oct '13, 1pm

Bitcoin, the global digital cryptocurrency that isn’t tied to any central banking authority, has spread like wildfire arou...

The Future Of Bitcoin Will Depend On Upcoming Startups, Regulatory Issues And China

The Future Of Bitcoin Will Depend On Upcoming S...

techcrunch.com 28 Oct '13, 1pm

“I have looked at probably most Bitcoin companies and I have passed on investing,” he said. “If you look at the waves of B...