Baidu’s (Google of China) subsidiary “Jiasule” accepting Bitcoin

October 16, 2013     By : Chiraag

In what could be one of the biggest impetus to the Bitcoin movement lately, Jiasule, an anti-DDoS (distributed denial of service) and firewall security unit of Baidu is accepting Bitcoins now. It comes closely after one of the most prolific investor of our times Mark Andreessen said Bitcoins is as big as Internet.

Its been a roller coaster ride for the Bitcoin economy with both positive and negative news coming in from all places. The Bitcoins rate/price has also undergone a series of crests and troughs, and is at its 5 month peak now.

Positive Trends:

Negative News:

  • Seizure by Feds of $2.9 Million worth of Bitcoins recently. Mt. Gox, the world’s largest Bitcoin exchange got shut.
  • Bitcoin related startups are considered high risk

Even if you leave aside pros and cons, Bitcoin revolution has never looked more promising in the past. t

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Chiraag Patel is a Senior Reporting Analyst and the Editor of Bitcoin and Virtual Currency channels at Lets Talk Payments. He is an engineer with deep interest in MMORPG, Virtual Banking, Game Currency and Virtual Cash. Chiraag enjoys Reading & Blogging with focus on New Innovation, Technology & Startups in the Payments Space.