China, Driving the Bitcoin Wagon with BitMEX and Others

China, Driving the Bitcoin Wagon with BitMEX and Others

China is the biggest contributor to the Bitcoin sector in many ways. We all know that majority of the hashing power is currently contributed by the Chinese mining pools; it probably has more Bitcoin mining data centers than any other country, and most of the Bitcoin ASICs are designed and fabricated in there. The Chinese contribution is not only limited to the technological infrastructure; the Chinese are also active traders, and a significant number of transactions over the Bitcoin blockchain originate from mainland China and other territories like Hong Kong, Taiwan, etc. The region also....


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Quotes

There was plenty of ugliness to be found in the markets this year. Ukranian and Venezuelan sovereign debt. High-yield, energy-related corporate bonds. Argentine pesos. Russian rubles. Greek stocks. But none of these investments has been as atrociously awful as Bitcoin, the heavily hyped crypto-currency that stormed onto the financial scene in the last few years, threatening to disrupt the cornerstone of global finance that is fiat currency.

Matt Phillips, Writer for Quartz, former writer in Wall Street Journal