Monday, October 2, 2017

Bitcoin Draws Japan and South Korea

Article: Bitcoin Bug Bites Japan and South Korea as China Clamps Down - New York Times

While China has cracked down on Bitcoin, Japan and South Korea are picking up the slack.

Bitcoin was thought to be created by someone from Japan, Satoshi Nakamoto. But, it has since been believed that was simply a moniker for the person or persons behind Bitcoin's creation. Also, the first exchange sprung from Japan. But, it was run by a Frenchman. Now, Japan is taking concrete steps in becoming more invested in Bitcoin. The nation has more exchanges popping up, and is proposing a Bitcoin competitor, J Coin.

Meanwhile, South Korea's Samsung is very interested in the software platform of Ethereum, while being less interested in Ethereum's currency, Ether.

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