Bitcoin in China: A Brave New World? - CKGSB Knowledge

Bitcoin was designed to be unregulated by any government or central authority. “I think regulation is a must at this point,” said Todd Williams, a stockbroker and Bitcoin investor since 2010. Dave Shin, Co-founder of both Digimex, a company that plans to launch a Hong Kong-based bitcoin crowd-funding platform, and Icedrill, a bitcoin-mining project. The bitcoin is a reward for solving the problem, which helps the bitcoin Mining bitcoins: the process Mining is the process of adding transactions to a block chain, which is a public ledger of all past transactions in the bitcoin ... David Shin, founder of Hong Kong-based DigiMex, a firm that provides insti­tutional investment opportunities around bitcoin, as well as traditional bitcoin in­vesting services, says that bitcoin would not be what it is today if not for the “lib­ertarian” ardor of bitcoin’s early adopters. “They’re very important to bitcoin, and it’s great that their DNA is what it is, because if ... Bitcoin miner startup HashFast could be forced to liquidate Botched $6M deal haunts HashFast, court asked to appoint bankruptcy trustee. Cyrus Farivar - May 23, 2014 1:00 am UTC Bitcoin is an anonymous, digital currency that catapulted in value thanks to heavy media coverage in May and June, and coupled with the heist of $500,000 worth of Bitcoin currency last week, this latest megaheist of is a hyperbolic example of how unstable the market has become. As Megan McArdle notes over at The Atlantic, "This spate of bad news and volatility leaves many wondering if this is ...

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