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Title: Chinese Exchanges: Post by: dataispower on February 15, 2015, 02:35:33 PM OKCOIN CTO resigns:
https://www.reddit.com/r/BitcoinMarkets/comments/2vubfu/daily_discussion_saturday_february_14_2015/col8ft7 Bter: "We have to suspend all our services waiting for the security check." https://bitcointalk.org/index.php?topic=956502.0 Chinese Bitcoin Exchanges Huobi and Bter Experiencing Issues http://www.cryptoarticles.com/crypto-news/chinese-bitcoin-exchanges-huobi-and-bter-experiencing-issues Title: Re: Chinese Exchanges: Post by: tarmi on February 15, 2015, 02:36:38 PM huobi going down once in awhile because DNS!
Title: Re: Chinese Exchanges: Post by: dataispower on February 15, 2015, 02:41:40 PM huobi going down once in awhile because DNS! I don't know if related: Hong Kong lawmakers urge ban on bitcoin "The government should clamp down on bitcoin, said lawmakers Leung Yiu-chung and James To, who accompanied the complainants, among them Nepalese and mainland Chinese, as well as Hong Kong citizens. "The government should not just stand aside," Leung told reporters. "It's simply not enough to just ask people to exercise caution when investing ... it has to ban the circulation of such virtual currency in the market."" http://uk.reuters.com/article/2015/02/11/uk-fraud-bitcoin-hongkong-idUKKBN0LF0WV20150211 https://bitcointalk.org/index.php?topic=952222.msg10425632#msg10425632 "Hong Kong’s central bank has warned against investing in virtual currencies" http://www.nytimes.com/2015/02/11/business/international/hong-kong-issues-warning-about-bitcoin.html?_r=1 https://bitcointalk.org/index.php?topic=951238.msg10414215#msg10414215 Title: Re: Chinese Exchanges: Post by: dataispower on February 15, 2015, 03:34:40 PM "7170 BTC got stolen from our cold wallet in this transaction:"
http://bter.com/ Title: Re: Chinese Exchanges: Post by: kwukduck on February 15, 2015, 03:40:07 PM LOL here comes the crash... With chinese exchanges hacked we have pretty much a guarantee to end the weekend way under $200!
Title: Re: Chinese Exchanges: Post by: dataispower on February 15, 2015, 03:43:16 PM LOL here comes the crash... With chinese exchanges hacked we have pretty much a guarantee to end the weekend way under $200! The real question is, what was the reason for the recent pump. ??? Title: Re: Chinese Exchanges: Post by: ajareselde on February 15, 2015, 03:49:18 PM LOL here comes the crash... With chinese exchanges hacked we have pretty much a guarantee to end the weekend way under $200! Yes, it seams that way, but dont understand why this pump then ? Maybe they got a chance to sell at much more volume unce they pumped it up a bit ? Everything is wrong with crypt ever since china entered the market, they really know how to mess things up cheers Title: Re: Chinese Exchanges: Post by: dataispower on February 15, 2015, 03:53:46 PM LOL here comes the crash... With chinese exchanges hacked we have pretty much a guarantee to end the weekend way under $200! Yes, it seams that way, but dont understand why this pump then ? Maybe they got a chance to sell at much more volume unce they pumped it up a bit ? Everything is wrong with crypt ever since china entered the market, they really know how to mess things up cheers The price should not have increased: Hong Kong lawmakers urge ban on bitcoin "The government should clamp down on bitcoin, said lawmakers Leung Yiu-chung and James To, who accompanied the complainants, among them Nepalese and mainland Chinese, as well as Hong Kong citizens. "The government should not just stand aside," Leung told reporters. "It's simply not enough to just ask people to exercise caution when investing ... it has to ban the circulation of such virtual currency in the market."" http://uk.reuters.com/article/2015/02/11/uk-fraud-bitcoin-hongkong-idUKKBN0LF0WV20150211 https://bitcointalk.org/index.php?topic=952222.msg10425632#msg10425632 "Hong Kong’s central bank has warned against investing in virtual currencies" http://www.nytimes.com/2015/02/11/business/international/hong-kong-issues-warning-about-bitcoin.html?_r=1 https://bitcointalk.org/index.php?topic=951238.msg10414215#msg10414215 Title: Re: Chinese Exchanges: Post by: caga on February 15, 2015, 04:29:36 PM I just hope there isn't a crash following it.
Title: Re: Chinese Exchanges: Post by: dataispower on February 15, 2015, 04:38:20 PM I just hope there isn't a crash following it. There is no reason for the market to grow right now. Title: Re: Chinese Exchanges: Post by: dataispower on February 15, 2015, 04:42:12 PM Regulators ordered Australia's Bitcoin Group Ltd to stop making public statements about its plans to undertake the world's first IPO of a virtual currency exchange after the company approached potential Chinese investors via social media.
http://www.globaltimes.cn/content/907867.shtml Title: Re: Chinese Exchanges: Post by: NotLambchop on February 15, 2015, 04:47:55 PM Title: Re: Chinese Exchanges: Post by: ElectricMucus on February 15, 2015, 07:41:27 PM Title: Re: Chinese Exchanges: Post by: dataispower on February 16, 2015, 12:14:46 PM OKcoin
https://www.reddit.com/r/Bitcoin/comments/2w1jjd/okcoin_appears_to_be_down_in_light_of_recent/ Title: Re: Chinese Exchanges: Post by: Q7 on February 16, 2015, 01:05:27 PM LOL here comes the crash... With chinese exchanges hacked we have pretty much a guarantee to end the weekend way under $200! Maybe there will be a slight delay as the lunar holiday starts this Thursday so most of them will be on holiday. Once this resumes expect large movement as the exchangers account for most of the trade volume Title: Re: Chinese Exchanges: Post by: (Lithium) on February 16, 2015, 04:15:24 PM Don't forget on fake volume!!!!! And then many are saying stamp is dying... ::) Can't wait for Gemini. So traders will stop following that cheap Chinese shit called exchange... I doubt Gemini will have no fees and leverage trading and futures, so I think most people will just stay in the chinese exchange. And most probably Gemini will be US only too Title: Re: Chinese Exchanges: Post by: pereira4 on February 16, 2015, 04:36:46 PM Don't forget on fake volume!!!!! And then many are saying stamp is dying... ::) Can't wait for Gemini. So traders will stop following that cheap Chinese shit called exchange... Cant wait for Gemini as well. My hopes are on the Winklevii brothers. If Gemini fails then I fear the consequences. Title: Re: Chinese Exchanges: Post by: dataispower on February 17, 2015, 07:27:45 PM OKCoin CTO Leaves Company Citing Differences
"Speaking to CoinDesk, Zhao suggested he is still open to working in the bitcoin industry, though he painted the current environment as one that might necessitate his taking an extended leave." “I am pretty sure I will still be in the bitcoin space. I think we've entered a winter phase in the bitcoin industry, but I strongly believe it will pass.” http://www.coindesk.com/okcoin-cto-changpeng-zhao-departs/ Title: Re: Chinese Exchanges: Post by: brokenchair on February 17, 2015, 07:35:26 PM WOOO THE DAYS OF CHINA FUD ARE BACK
Title: Re: Chinese Exchanges: Post by: billyjoeallen on February 17, 2015, 07:35:59 PM Don't forget on fake volume!!!!! And then many are saying stamp is dying... ::) Can't wait for Gemini. So traders will stop following that cheap Chinese shit called exchange... Cant wait for Gemini as well. My hopes are on the Winklevii brothers. If Gemini fails then I fear the consequences. It's either "Winlevoss brothers" or "Winklevi". Using both is redundant you ignoramus. Title: Re: Chinese Exchanges: Post by: ElectricMucus on February 17, 2015, 07:36:53 PM Don't forget on fake volume!!!!! And then many are saying stamp is dying... ::) Can't wait for Gemini. So traders will stop following that cheap Chinese shit called exchange... Cant wait for Gemini as well. My hopes are on the Winklevii brothers. If Gemini fails then I fear the consequences. It's either "Winlevoss brothers" or "Winklevi". Using both is redundant you ignoramus. Winkledouches Title: Re: Chinese Exchanges: Post by: dataispower on February 17, 2015, 09:07:27 PM Chinese Bitcoin banking service kipcoin.com lost 3000+ bitcoin
https://www.reddit.com/r/Bitcoin/comments/2w84el/kipcoincom_lost_3000_bitcoin/ "Kipcoin, which went online this May, sets its fundraising cap at 10,000 btc and pays an interest of 0.0137% daily. Media coverage indicates that the site makes money in two ways: 1. Arbitrage – buying from exchanges where prices are lower and sell at others where prices are higher. 2. Lend the coins to miners." http://www.forbes.com/sites/ericxlmu/2014/07/12/major-chinese-exchanges-rolled-out-bitcoin-banking-services/ http://www.miningpool.co.uk/chinese-exchange-kipcoin-hacked/ Title: Re: Chinese Exchanges: Post by: ajareselde on February 17, 2015, 09:19:37 PM Chinese Bitcoin banking service kipcoin.com lost 3000+ bitcoin https://www.reddit.com/r/Bitcoin/comments/2w84el/kipcoincom_lost_3000_bitcoin/ "Kipcoin, which went online this May, sets its fundraising cap at 10,000 btc and pays an interest of 0.0137% daily. Media coverage indicates that the site makes money in two ways: 1. Arbitrage – buying from exchanges where prices are lower and sell at others where prices are higher. 2. Lend the coins to miners." http://www.forbes.com/sites/ericxlmu/2014/07/12/major-chinese-exchanges-rolled-out-bitcoin-banking-services/ Its same story over and over again, and ill say the same i always say; they "lost" coins in their wallets, stole from themselves and now blaming others. They can mask their bussines anyway they want, in the end its all the same, classical ponzi scheme that works well and pais out until they have enough funds to run away. Title: Re: Chinese Exchanges: Post by: dataispower on February 17, 2015, 09:29:47 PM Google translate:
Hong Kong Monetary Authority to extend the virtual currency regulations to circulate provider "Hong Kong Corporate Finance Committee announced the creation of a new regulatory virtual currency in circulation provider (LP). The committee will provide supervision for the financial sector and the flow through arbitration hearings broker between providers and their customers." "Financial Supervision Commission, its provider of virtual currency in circulation regulatory financial requirements will include monitoring, reporting, and record keeping. Require each of their members to fulfill regulatory approval are the lowest level of net worth, such as keeping the customer owes more than $ 500,000 in debt to 10% of all net." http://gold.hexun.com/2015-02-17/173448384.html Title: Re: Chinese Exchanges: Post by: lolled on February 17, 2015, 10:28:06 PM huobi going down once in awhile because DNS! Maybe people should leave the exchange once and for all. Title: Re: Chinese Exchanges: Post by: Brewins on February 17, 2015, 10:39:00 PM huobi going down once in awhile because DNS! is the API down too when the site is down? Title: Re: Chinese Exchanges: Post by: HarmonLi on February 18, 2015, 09:55:42 AM I've actually been wondering for some time now whether at least some if the Chinese exchanges with high volume may be selling coins that don't really exist (a la gox). I don't see them scamming anyone as of now but these kinds if problems seem to be increasing...
Title: Re: Chinese Exchanges: Post by: Melds on February 18, 2015, 02:25:29 PM I don't know if related: Hong Kong lawmakers urge ban on bitcoin "The government should clamp down on bitcoin, said lawmakers Leung Yiu-chung and James To, who accompanied the complainants, among them Nepalese and mainland Chinese, as well as Hong Kong citizens. "The government should not just stand aside," Leung told reporters. "It's simply not enough to just ask people to exercise caution when investing ... it has to ban the circulation of such virtual currency in the market."" http://uk.reuters.com/article/2015/02/11/uk-fraud-bitcoin-hongkong-idUKKBN0LF0WV20150211 https://bitcointalk.org/index.php?topic=952222.msg10425632#msg10425632 "Hong Kong’s central bank has warned against investing in virtual currencies" http://www.nytimes.com/2015/02/11/business/international/hong-kong-issues-warning-about-bitcoin.html?_r=1 https://bitcointalk.org/index.php?topic=951238.msg10414215#msg10414215 This is actually good for bitcoin /s Title: Re: Chinese Exchanges: Post by: Coinshot on February 18, 2015, 02:29:32 PM Chinese Bitcoin banking service kipcoin.com lost 3000+ bitcoin https://www.reddit.com/r/Bitcoin/comments/2w84el/kipcoincom_lost_3000_bitcoin/ "Kipcoin, which went online this May, sets its fundraising cap at 10,000 btc and pays an interest of 0.0137% daily. Media coverage indicates that the site makes money in two ways: 1. Arbitrage – buying from exchanges where prices are lower and sell at others where prices are higher. 2. Lend the coins to miners." http://www.forbes.com/sites/ericxlmu/2014/07/12/major-chinese-exchanges-rolled-out-bitcoin-banking-services/ http://www.miningpool.co.uk/chinese-exchange-kipcoin-hacked/ At least those coins are off the market for now. It will not be very easy to mix and sell such a big amount. Title: Re: Chinese Exchanges: Post by: LewiesMan on February 18, 2015, 03:04:04 PM Chinese Bitcoin banking service kipcoin.com lost 3000+ bitcoin https://www.reddit.com/r/Bitcoin/comments/2w84el/kipcoincom_lost_3000_bitcoin/ "Kipcoin, which went online this May, sets its fundraising cap at 10,000 btc and pays an interest of 0.0137% daily. Media coverage indicates that the site makes money in two ways: 1. Arbitrage – buying from exchanges where prices are lower and sell at others where prices are higher. 2. Lend the coins to miners." http://www.forbes.com/sites/ericxlmu/2014/07/12/major-chinese-exchanges-rolled-out-bitcoin-banking-services/ http://www.miningpool.co.uk/chinese-exchange-kipcoin-hacked/ At least those coins are off the market for now. It will not be very easy to mix and sell such a big amount. 3000 is such a tiny amount for BTC exchange volumes. Title: Re: Chinese Exchanges: Post by: NotLambchop on February 18, 2015, 03:07:03 PM ^It all adds up :-\
Title: Re: Chinese Exchanges: Post by: LewiesMan on February 18, 2015, 03:13:39 PM Title: Re: Chinese Exchanges: Post by: p2pbucks on February 19, 2015, 10:04:51 AM LOL here comes the crash... With chinese exchanges hacked we have pretty much a guarantee to end the weekend way under $200! No， it would be quite opposite. Bitcoin will bypass 300$ . Because 80% chinese exchanges are scam & ponzi company , they fake the bitcoins in their system and manipulate the price . The true bull will come when these scammers are cracked down Title: Re: Chinese Exchanges: Post by: dataispower on March 10, 2015, 06:31:23 PM 80% of Bitcoin is exchanged into and out of Chinese yuan
http://qz.com/359679/80-of-bitcoin-is-exchanged-into-and-out-of-chinese-yuan/ Title: Re: Chinese Exchanges: Post by: dataispower on March 14, 2015, 09:05:22 AM In less than 4 weeks, the following 6 high level people have left OKCoin.
Changpeng Zhao (aka CZ), the high profile CTO of OKCoin, left. https://www.reddit.com/r/Bitcoin/comments/2w7byw/regarding_cz_leaving_okcoin/ Zane Tackett, International Operations Manager at OKCoin https://www.reddit.com/r/BitcoinMarkets/comments/2r4gmt/rbitcoinmarkets_best_of_2014_awards_winners/ Richard Bensberg, /u/OKCoin_Richard, Chief Compliance Officer at OKCoin, https://www.reddit.com/r/Bitcoin/comments/2uvtt1/okcoin_aua_with_ceo_star_xu_and_okcoin_team/ Chris Woods, the Director of International Operations http://www.reddit.com/r/Bitcoin/comments/29gwk8/we_are_okcoin_auaask_us_anything/ Damian, The product designer from Alibaba https://www.reddit.com/r/Bitcoin/comments/2w7byw/regarding_cz_leaving_okcoin/ Nika, Team Lead of Customer Services, represented OKCoin at St. Petersburg conference https://twitter.com/BitcoinConfRu/status/538218101738078208 https://www.reddit.com/r/BitcoinMarkets/comments/2yxyju/mass_exodus_at_okcoin_something_is_brewing/ *Edited out irrelevant information.: Title: Re: Chinese Exchanges: Post by: 1Referee on March 14, 2015, 02:45:20 PM In less than 4 weeks, the following 6 high level people have left OKCoin. Changpeng Zhao (aka CZ), the high profile CTO of OKCoin, left. https://www.reddit.com/r/Bitcoin/comments/2w7byw/regarding_cz_leaving_okcoin/ Zane Tackett, International Operations Manager at OKCoin https://www.reddit.com/r/BitcoinMarkets/comments/2r4gmt/rbitcoinmarkets_best_of_2014_awards_winners/ Richard Bensberg, /u/OKCoin_Richard, Chief Compliance Officer at OKCoin, https://www.reddit.com/r/Bitcoin/comments/2uvtt1/okcoin_aua_with_ceo_star_xu_and_okcoin_team/ Chris Woods, the Director of International Operations http://www.reddit.com/r/Bitcoin/comments/29gwk8/we_are_okcoin_auaask_us_anything/ Damian, The product designer from Alibaba https://www.reddit.com/r/Bitcoin/comments/2w7byw/regarding_cz_leaving_okcoin/ Nika, Team Lead of Customer Services, represented OKCoin at St. Petersburg conference https://twitter.com/BitcoinConfRu/status/538218101738078208 https://www.reddit.com/r/BitcoinMarkets/comments/2yxyju/mass_exodus_at_okcoin_something_is_brewing/ *Edited out irrelevant information.: Makes you wonder what the real reason is for these people to leave. Hostile working environment? They don't agree with how the exchange is being operated? Chinese exchanges are quite shady in general, especially with what is almost certainly huge loads of fake volume. Title: Re: Chinese Exchanges: Post by: innocent93 on March 14, 2015, 05:31:23 PM In less than 4 weeks, the following 6 high level people have left OKCoin. Changpeng Zhao (aka CZ), the high profile CTO of OKCoin, left. https://www.reddit.com/r/Bitcoin/comments/2w7byw/regarding_cz_leaving_okcoin/ Zane Tackett, International Operations Manager at OKCoin https://www.reddit.com/r/BitcoinMarkets/comments/2r4gmt/rbitcoinmarkets_best_of_2014_awards_winners/ Richard Bensberg, /u/OKCoin_Richard, Chief Compliance Officer at OKCoin, https://www.reddit.com/r/Bitcoin/comments/2uvtt1/okcoin_aua_with_ceo_star_xu_and_okcoin_team/ Chris Woods, the Director of International Operations http://www.reddit.com/r/Bitcoin/comments/29gwk8/we_are_okcoin_auaask_us_anything/ Damian, The product designer from Alibaba https://www.reddit.com/r/Bitcoin/comments/2w7byw/regarding_cz_leaving_okcoin/ Nika, Team Lead of Customer Services, represented OKCoin at St. Petersburg conference https://twitter.com/BitcoinConfRu/status/538218101738078208 https://www.reddit.com/r/BitcoinMarkets/comments/2yxyju/mass_exodus_at_okcoin_something_is_brewing/ *Edited out irrelevant information.: It seems Okcoin is declining, it's said that there are too much divergences within Okcoin. But still no any official information about the personnel changes. I assume more exchanges will be gone in 2015. Title: Re: Chinese Exchanges: Post by: bassclef on March 14, 2015, 08:01:15 PM 80% of Bitcoin is exchanged into and out of Chinese yuan http://qz.com/359679/80-of-bitcoin-is-exchanged-into-and-out-of-chinese-yuan/ I disagree with this. Most of the Chinese trade volume is wash which pumps up existing transactions which are quite small in comparison. Look at Huobi for example: The orderbooks don't come close to matching the volume. The majority of transactions are simply small amounts being traded back and forth by the same accounts. Title: Re: Chinese Exchanges: Post by: — on March 14, 2015, 08:34:23 PM With the exception of CZ the others seem a bunch of chair warmers
Title: Re: Chinese Exchanges: Post by: minerbit hill on March 16, 2015, 08:48:41 PM Decentralised or not you can still manipulate the markets. That much is obvious.
Title: Re: Chinese Exchanges: Post by: fonzie on March 16, 2015, 09:00:33 PM Decentralised or not you can still manipulate the markets. That much is obvious. I agree. BTC/USD above 100$ is beyond ridiculous. The black market for drugs and other things(...) has to grow a lot more to support a price like this. Title: Re: Chinese Exchanges: Post by: inca on March 16, 2015, 09:14:25 PM Decentralised or not you can still manipulate the markets. That much is obvious. I agree. BTC/USD above 100$ is beyond ridiculous. The black market for drugs and other things(...) has to grow a lot more to support a price like this. The market has disagreed with you for nearly two years. That makes you..um..wrong! Title: Re: Chinese Exchanges: Post by: dataispower on April 18, 2015, 08:23:01 AM 796.com
https://www.reddit.com/r/BitcoinMarkets/comments/32zp6j/796com_trading_halted_no_response_from/ https://www.reddit.com/r/Bitcoin/comments/32zpy5/huge_chinese_exchange_796_has_gone_offline/ Title: Re: Chinese Exchanges: Post by: Jammalan the Prophet on April 18, 2015, 11:46:36 AM Chinese exchanges are like...
http://forumsmix.com/images/jpgs/funny-images-chinese-car-german-bicycle.jpg Title: Re: Chinese Exchanges: Post by: dataispower on May 31, 2015, 03:05:38 AM Andreas Antonopoulos: "I worked with Changpeng Zhao for several months and I know him to be honest. I have every reason to believe his post about OKGox"
https://twitter.com/aantonop/status/604648853392912387 https://www.reddit.com/r/Bitcoin/comments/37tm1b/czs_statement_regarding_the_dispute_between/ |
