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http://www.livemint.com/Money/uFRWG2KUy6OywyhJa5sRWO/How-China-took-center-stage-in-bitcoins-civil-war.html
Topic: [2016-07-02] ET: How China took center stage in bitcoin's civil war (Read 950 times)
July 03, 2016, 07:48:07 PM
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.
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.
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