Shanghai, China, August 25, 2014 /Xinwengao.com/ - Today Penguin China released ‘Chomping at the Bitcoin – The Past, Present and Future of Bitcoin in China’ written by Zennon Kapron. The book is a look at the development and future of the virtual currency in China.

In May 2013, China’s main state?run broadcaster aired a documentary about a little known virtual currency called Bitcoin. Over the next six months, the value of Bitcoin rocketed as Chinese money poured in. Unfortunately for many latecomers, the rapid rise in Bitcoin’s price and popularity also attracted government scrutiny, causing an unforeseen and catastrophic plummet in value. In this China Special, finance industry expert Zennon Kapron investigates this mysterious digital currency and the far?reaching implications of its use in China and around the world.

The book is now available as an e-book on all major online booksellers.

The Author
Zennon Kapron has over twenty years’ experience in the finance and technology sectors and has lived in China for the last ten years. In 2007, he helped set up Kapronasia, a finance and technology market research and consulting firm, prior to which he worked at Citibank and Intel. He is regularly quoted in publications on Bitcoin and other financial technology trends. He has a BSc in Computer Science from Syracuse University and an MBA from INSEAD.

Penguin China Specials
Penguin Specials are designed to fill a gap. The specials can be read over a long commute or on a short journey, during your lunch hour or between dinner and bedtime. These books provide a short escape into a fictional world or act as a primer in a particular field or provide a new angle on an old subject. They are short, original and affordable.

Press Information Jane Li jane.li@kapronasia.com

The press release Chomping at the Bitcoin: The Past, Present and Future of Bitcoin in China released by Penguin comes from Xinwengao.com press release distribution and journalist media database service in China.

Hong Kong, November 27, 2013 /Xinwengao.com/ - As a peer-to-peer digital currency, Bitcoin’s decentralized nature has already pushed the value of a single Bitcoin in the past few weeks up more than 300%. And www.bitebimi.com (which means Bitcoin Rice in Mandarin Chinese) is helping to foster the community of Chinese Bitcoin adherents with continuously updated news from around the globe.

As a newly-launched news and business intelligence source, BitebiMi.com focuses on both the euphoria and the risks involved in Bitcoin usage. As a virtual money mechanism, Bitcoin as an investment has dangers because of online theft and high frequency valuations.

But in China, Bitcoins are seen as being an important investment because of the paucity of adequate investments in China. For many Chinese, real estate is the main investment vehicle, so Bitcoin offers an alternative way to diversify. Bitcoins are also rumored to be used in some real estate transactions in China.

Others have seen a future in Bitcoins. In the past month, BTC China, one of the leading Bitcoin online marketplaces, raised US$5 million in Series A financing to grow its business, and in the U.S., the Federal Bureau of Investigation released a letter to Congress that stated “The FBI’s approach to virtual currencies is guided by a recognition that online payment systems, both centralized and decentralized, offer legitimate financial services.”

BitebiMi.com is managed by AMN, an online vertical digital media company based in Hong Kong. For more information, visit the site at www.bitebimi.com.

The press release Bitcoin News In China Gets Big Push From BitebiMi.com comes from Xinwengao.com press release distribution and journalist media database service in China.