As I have maintained on many occasions, reports of the death of Bitcoin have been greatly exaggerated.
If anything, the news related to the most popular crypto-currency ever
has only gotten considerably more positive in the wake of the raid on Silk Road.
The most recent development is that massive web services site Baidu,
Inc. has started to accept Bitcoin for its Jiasule service. I wonder if
this is in any way related to the recent Chinese calls for a new reserve
currency, as I can’t imagine the company would go ahead with accepting
BTC without at least some “all clear” from authorities. If this signals
implicit approval for Bitcoin by political leaders in China (it’s too
early to tell), it would have paradigm-shifting global consequences.
Here’s the BTC chart. You make your own judgement:
From CoinDesk:
Search engine giant Baidu has announced it is now accepting payment in bitcoin for its Jiasule service, which improves websites’ performance, speed and security.
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.
Source
Here’s the BTC chart. You make your own judgement:
From CoinDesk:
Search engine giant Baidu has announced it is now accepting payment in bitcoin for its Jiasule service, which improves websites’ performance, speed and security.
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.
Source
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