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IPFS News Link • Bitcoin

Fidelity Is Mining Bitcoin, CEO Abigail Johnson Admits

• http://www.zerohedge.com, by Tyler Durden

Per the FT:

"Ms Johnson noted that Fidelity has also set up a bank of computers built by 21 Inc that can crunch complex algorithms to be rewarded with bitcoin.
 
"My…computer has mined over 200,000 satoshis," she said, using the name for the smallest unit of bitcoin.

Her remarks coincide with an astounding rally in virtual currencies like bitcoin. As DoubleLine's Jeffrey Gundlach noted on Tuesday, bitcoin is up 100% in under two months, implying that the turmoil in Chinese markets was driving more locals into bitcoin.