14,000 People Around The Globe Streamed The New York Bitcoin Hearings
GLOBALLY, OVER 14,000 TUNED IN TO THE NEW YORK BITCOIN HEARINGS. We recently reported on the two days of Bitcoin regulatory hearings that took place in New York last week. The official who lead the hearings tweeted a chart of how unique viewership broke down globally. At 40% the U.S. unsurprisingly took a plurality of viewership followed by China at 12.6% and the U.K. at 6.3% as well as number of other countries.
How lawmakers decide to regulate Bitcoin in the United States will likely have a huge impact on the price of Bitcoin which now stands around $800 and that's why the hearings drew an international audience. The effect of regulation on Bitcoin's price was last seen in early December when the Chinese central bank issued a memo warning financial institutions not to clear transactions for Bitcoin exchanges. The price of Bitcoin dropped from over $1,000 to near $500 dollars. (Business Insider)
Bitcoin exchanges could stage a comeback in China. Chinese Bitcoin exchange BTC China is once again allowing its customers to exchange yuan for Bitcoin, according to the Wall Street Journal. BTC China studied the Bitcoin ban memo issued by the Chinese Central Bank and determined that it could still accept yuan into its corporate accounts and then deposit those funds into its customers' accounts.
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http://www.businessinsider.com/popular-bitcoin-hearings-2014-2#ixzz2sIXoM0MC
