(2014-01-09) After Crackdown, a New Bitcoin King Emerges in China

[OneEyedJack]

http://www.wired.com/wiredenterprise/2014/01/huobi/

Figures. Someone besides me, getting rich...

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[Carlton Banks]

The business landscape for Chinese + East Asian cryptocurrency is turning into a South American soap opera, for some reason (strange how the price goes up and down to reflect these sensational events, surely that's not the reason?)

[OneEyedJack]

For a country known for making shit that isn't worth anything, they sure are having a field day with BTCs.

[g35fan]

It's just really interesting reading these forums and all the talk about China and then to read this story. With these vouchers and the direct wire transfers they've definitely found a way to get around the current restrictions. Very good for bitcoin at the moment.

[oakpacific]

For a country known for making shit that isn't worth anything, they sure are having a field day with BTCs.

Not field day really, but field test.

We can bullshit all day here because people like DPR and Chinese exchanges are out there to take the blunt of state violence, so we can be sure that the whole thing is safe for our everyday, much less bold and reckless uses.

[worldinacoin]

I never trust investments in China, they are all bubbles waiting for the unsuspecting victims.

[jubalix]

something like 80K + btc last 24 hours that quite alot....

[kjlimo]

wowzers.  To the moon.

And not even charging any transaction fees???

What type of exchange rates are they charging?

EDIT: Looks like within 0.5% of Bitpay exchange rates.

We'll see how quickly that grows.