Baidu china bitcoin mineral
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When prompted, click "Allow" you can always change your mind later. Search The Web Search Aol. Nov 8th At the end of September, the number of bitcoins traded every day in the Chinese market was 17, up 24 percent from three months before and accounting for 30 percent of the world's total transaction, a report from Genesis Block, a New York-based digital currency research group, said recently. The virtual currency has been gaining traction in China, but the latest surge in demand is widely seen as connected to the acceptance of bitcoins by Baidu Jiasule, a firewall service for websites co-developed by Baidu BIDUChina's predominant search engine.
Baidu's prominence led many to speculate that other Chinese companies could follow suit and accept bitcoins as payment. In addition, it could be a marketing ploy Internet companies employ to advertise new products, said Liu Xiao, an analyst with public policy think tank Anbound Consulting.
Even so, the Chinese market has become an important driving force behind the virtual currency's increasingly wide use and may top all other similar currencies in terms of transaction volume, the Genesis Block report said.
There are nearly 20 bitcoin trading platforms in China, and investors say they are more prone to hacker attacks than platforms in developed countries. Chinese investors also face potential regulatory issues, since China baidu china bitcoin mineral no law addressing the trade of bitcoins and their connection with the yuan and with the real economy. More from International Business Times: Exports to China Discover More Like This. Tags bitcoin china currency exchange rate Global Economy Investing world markets.
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