Baidu Jiasule and the Chinese Bitcoin Community
Baidu Jiasule ("Baidu Accelerated"), a Cloudflare-like service offering a website firewall, protection against distributed denial of service attacks and other similar features, has started accepting bitcoins as payment. The Bitcoin payment option is currently manual, with the main site telling its users to contact a phone number if they need to pay with....
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Search engine giant Baidu has announced it is now accepting payment in bitcoin for its Jiasule service, which improves websites' performance, speed and security. Baidu, which has a market cap of $53 billion, is rated by web information company Alexa Internet as the most visited website in China and the fifth most visited website in the world. Founded in January 2000, Baidu is similar to Google in that its offers a variety of tools and services to produce information and products in response to search terms, however, Baidu is specific to Chinese-language search terms. Baidu Jiasule is a....
There were signs of bitcoin life from Chinese internet giant Baidu this week: Hao123, one of its subsidiaries and China's largest web directory, launched a dedicated bitcoin channel and news aggregator for bitcoin-related stories. The launch happened the same day another of Baidu's subsidiaries, Jiasule, announced it would stop, or 'pause', accepting bitcoin payments for its security software. Jiasule's impact. Jiasule caused an initial stir with its decision to accept bitcoin, leading to headlines suggesting the so-called 'Google of China' was now accepting bitcoin. It was also cited as a....
After the recent regulatory announcement on the part of the People's Bank of China, the Bitcoin markets and many in the Chinese Bitcoin community have been in a state of panic. Although the day after the event was relatively calm in the Western world, with Bitcoin markets dropping only by 10% and the Bitcoin reddit covered with threads reassuring readers that the announcement was a positive for BItcoin. In China, however, the price immediately crashed by 25%. The next day, however, Baidu Jiasule and China Telecom stopped accepting Bitcoin, and the mood rapidly began to turn sour. Bitcoin....
The Chinese search engine giant and Google's rival, Baidu has suddenly decided to suspend all cryptocurrency related advertisements on its platform. Baidu, the Chinese search engine giant has enforced a blanket ban on all digital currency-related advertisements. This sudden move on Baidu’s part has left many cryptocurrency businesses surprised. Baidu was among one of the first movers when it comes to Bitcoin payments. The company used to accept Bitcoin payments from its music service customers until the Chinese government issued an advisory warning against the use of Bitcoin to all....
Vitalik Buterin has written a wonderful article about 'Bitcoin: China's New Special Economic Zone' over at Bitcoin Magazine. While it may be quite some time before China's government actually admits that it has allowed Bitcoin to be a sort of Special Economic Zone [SEZ], spectators around the world are eagerly awaiting where Bitcoin will go next. Elsewhere around the world, and perhaps especially in China, speculators [a special type of spectator] are loudly and belligerently jumping ship. I present to you this excerpt from Buterin's article that sums up this First Chinese Bitcoin Bubble:....