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 Bitcoin becoming a China craze

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RR Phantom

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Bitcoin becoming a China craze Vide
PostSubject: Bitcoin becoming a China craze   Bitcoin becoming a China craze Icon_minitimeWed Nov 20, 2013 8:07 pm
Bitcoin, the popular internet currency, is on the map in more ways than one.

You can watch it trading across the globe, and possibly draw some intriguing conclusions about where this fast-moving digital money is going. For the last week, a site called fiatleak has offered a map that its creator says draws information from all the major online bitcoin exchanges, like Mt. Gox and BTC-e, and shows what country’s residents are buying bitcoins, in real time.

Bitcoin becoming a China craze Art-bitcoin-620x349

There are also sites that list all major bitcoin exchanges, but they don’t show it as a global phenomenon as vividly.

One striking thing about the map: Bitcoin is increasingly a Chinese craze. Even at the height of the American and European trading days, when it’s 3 a.m. in China, Chinese transactions far outstrip activity in euros. The United States dollar transactions are still more popular than Chinese at that time, with about twice as many transactions. China was barely involved in bitcoin a year ago, however. The Chinese presence can also strengthen when it is daytime in China and night in the United States.

Read more: http://www.smh.com.au/business/markets/bitcoin-becoming-a-china-craze-20131120-2xu8z.html#ixzz2lEoZlkb7
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