Bitcoin Crowdfunding is Catching on in China
Bitcoin crowdfunding has taken off as a means to grow startups in China, with dozens of projects embracing the popular funding method to finance a variety of novel use cases. One of those use cases currently being explored is selling part-ownership in a discussion forum to encourage quality over quantity in user behavior. Chinese forum Bikeji.com is offering its members the opportunity to become part-owners of the site through a crowdsale of shares in the company. In doing so, the forum's founder hopes to demonstrate the value of crowdfunding to the wider Chinese digital currency....
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It didn't seem like it was terribly long ago that Mt. Gox was leading by miles in terms of being the de facto Bitcoin exchange. Fast forward to early November, and we're finding out that Mt. Gox is not longer, well, leading by miles. In fact, two exchanges are catching up to Gox in trading volume. The first is - and I say this with little to no surprise - BTC China. The Chinese have taken tremendous interest in the digital currency, and as such, BTC China's trading volume is about 571k, compared to Gox's 578. Behind BTC China is BitStamp, with a volume of 547k. There's still a a sizable....
BTC China has finally surpassed Mt. Gox as the top Bitcoin exchange, passing 600,000 BTC in volume, compared to Gox's 589,000 BTC volume. Of course, things could change in the coming days and weeks, but it's still a noteworthy milestone. Bitcoin interest in China has spiked in the past month, especially after Chinese search engine Baidu announced they would be accepting payments in Bitcoin. It should be noted (as pointed out by a user on Reddit) that Mt. Gox still has the highest 30-day volume. BTC China is catching up on that front, however.
ING Bank, just as any other, is just an unnecessary middleman between you and many crowdfunding options. Today, we have things like the Lighthouse, WeiFund or Koinify, which try to help those seeking to receive crowdfunding for interesting projects. There is no need for using centralized crowdfunding anymore, nor is there a need for banking assistance in....
The huge growth in Bitcoin has almost everything to do with the Chinese's recent interest in the digital currency. According to Bitnodes, it looks like China has overtaken Germany in having the second most Bitcoin nodes in the world, with just over 12,000 being the estimate. China trails behind the United States, which has close to 33,000 nodes at this time - so they've still got some catching up to do. Bitcoin nodes are critical parts of the Bitcoin network. These nodes are typically run by ordinary people or mining groups and are responsible for updating the ledger (block chain) with the....
Altcoins are the next best thing after bitcoin. They come in all shapes and sizes, and they are usually designed for a specific use. Development of altcoins can be attributed to the success of bitcoin and the open source technology that powers the bitcoin network. The concept of crowdfunding has been around for a long time even before the term itself was coined. Crowdfunding involves raising money from a large number of people. One of the best examples of crowdfunding during the pre-internet days is the construction of the Statue of Liberty. Funds required to build the huge statue was met....