[2016-07-02] ET: How China took center stage in bitcoin's civil war

[polynesia]

How China took center stage in bitcoin's civil war

http://economictimes.indiatimes.com/news/international/business/how-china-took-center-stage-in-bitcoins-civil-war/articleshow/53019987.cms

A delegation of American executives flew to Beijing in April for a secret meeting just blocks from Tiananmen Square. They had come to court the new kingmakers in one of the strangest experiments in money the world has seen: the virtual currency known as bitcoin.

Against long odds, and despite an abstruse structure, in which supercomputers "mine" the currency via mathematical formulas, bitcoin has become a multibillion-dollar industry. It has attracted major investments from Silicon Valley and a significant following on Wall Street.

[1714860893]

1714860893

[polynesia]

Coverage in Mint.

http://www.livemint.com/Money/uFRWG2KUy6OywyhJa5sRWO/How-China-took-center-stage-in-bitcoins-civil-war.html