What is Going on in China? Why is China gobbling up all the Bitcoins?

Open up fiatleak and let it run for a while, you will see everything is going to china Almost 97% of bitcoin activity in a 2 hour period had gone into China. Is this institutional and government activity in China? Will they be doing to Bitcoin what they did for Gold prices, taking it down so they can buy more at low prices in anticipation of the endgame? Mt Gox exchange shutdown sparks Chinese bitcoin gold rush Chinese investors rushed to buy bitcoin, seeing it as potentially undervalued,…
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Singapore Designed and Made Tembusu ATM deploys in Singapore, Lamassu and Robocoin incoming for Singapore and Hong Kong still, such race (First Asia Bitcoin ATM)

Update: The site for the Lamassu has been changed from to Update: new rules AMLTF bitcoin intermediary regulations incoming for singapore Update: 2nd Asian Bitcoin ATM is out in Hong Kong such race Tembusu Terminals Pte set up what may be Singapore’s first automated tele-exchange machine for buying Bitcoins days after a Tokyo exchange for the virtual currency was shut amid concerns about possible theft. The ATM was installed at The Spiffy Dapper, a bar in the Boat Quay district, according to a statement from Tembusu, which is…
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Tomas Forgac on Channel News Asia, in Singapore, Asia, Greg Unsworth thinks governments will lose control of monetary policy if virtual currencies become massive

Tomas does bitcoin point of sales for the bitcoin community in Singapore and has been an active proponent. He talks about how bitcoin take up in Singapore has changed, and has been getting more prevalent. Greg Unsworth & Tomas Forgac Greg Unsworth hails from Price Waterhouse Coopers Singapore. He believes in a currency for the online world, which classical systems have not been able to achieve. Thinks governments will lose control of monetary policy if virtual currencies become massive (takes over on a massive scale) The clip is…
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High Frequency Trading Meets Bitcoin, Perseus Telecom partners Singapore-California Gocoin payment gateway

I disagree with HFTs and HFT algos, but they were already that and it was a matter of time before more came in. More flash crashes incoming I guess, the plus side is the relative paucity of derivatives for paper stuffing and quote stuffing. To me, this is bad news, but YMMV Coindesk however suggests that Perseus isn't in for High frequency trading, but is mainly through online legal gambling casinos etc as a means of streamlining costs structures. Not too fond of that either but I think…
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Gongcha Maplestory (maplesea) Tie-up (Singapore, Asia)

Looks like the bubble tea chain Gongcha has a promotion on going with Maplestory Season 2 (Maplesea Asiasoft) in Singapore. I saw the cup seal when I was drinking gongcha lol #.Uvete14s3Zs Tea Time With Gong Cha Dear Maplers, Kick back, relax and enjoy your Tea time with Gong Cha! From 1st Feb till 28th Feb, be rewarded with Gong Cha vouchers & attractive in game items by taking part in our Facebook & Instagram activities while you enjoy the best quality tea fit for an emperor from…
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2p interviews Meracle (Singapore Asia Dota)

Meracle: "Most of them already had no motivation to win" By GodBlessMali With the recent departures of Daryl "iceiceice" Koh Pei Xiang and Chai “Mushi” Yee Fung, who both decided to pursue their career in China, the Southeast Asian scene is no longer in tip-top condition. However, a new team has emerged and features one of the youngest and most promising talents in the region in Galvin “Meracle” Kang Jian Wen. ... It was announced recently that you joined a new team alongside the likes of Hyhy and…
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Singapore releases MONEYSENSE Advisory on Bitcoins, Features Litecoin, namecoin

Singapore has been quite active in its bitcoin advisory and guidance of late! (singapore bitcoin double taxation, IRAS on virtual currency, MAS) good to see litecoin being mentioned too! (they also mention namecoin, they also talk about cvcs such as liberty reserve) Virtual Currencies What are virtual currencies and their purposes? Virtual currencies (“VCs”) are non-physical stores of value that can be exchanged for goods and services at places that accept them. For instance, one may be able to use VCs as payment at online stores and even…
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Bloomberg Bitcoin Unicorn “unboxing” (Asia Edition)

This is a followup from the previous bloomberg bitcoin unicorn article, I managed to get one from the newsstand, but there wasn't any that took bitcoins in Singapore (yet). Or litecoins (gocoin). Would be cool if I could buy this for bitcoins. The article didnt answer its own question as it was more on the mining arms race, but flipping back to page 17 it certainly did: Less young people use banks. (This is the Asia edition)
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Litecoin: LLnSyo8rqbJng11b3whVUXSr6nWMtmT1zU
Bitcoin: 158MikZVM8yQviLcvxu1aahTysSxDUaePr