Bitcoin Forum
May 20, 2019, 08:17:05 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
   Home   Help Search Login Register More  
Pages: [1]
Author Topic: [2016-06-08] Why the bitcoin has become China’s new darling  (Read 143 times)
Hero Member
Offline Offline

Activity: 672
Merit: 500

View Profile
June 08, 2016, 02:50:36 AM

Bitcoin has become the new darling of mainland punters amid a slumbering stock market, heightened expectations of the yuan’s devaluation and even the advantages the payment system offers in dodging Beijing’s anti-corruption drive.

The cryptocurrency has surged nearly 30 per cent in the past two weeks, hitting US$584 on Monday, according to the Bitstamp exchange.

Trading volume on BTC China has jumped three to five times recently, with the majority of trading worldwide conducted via Chinese exchanges.
Pages: [1]
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!