Though 10th May hasn’t come ,its impact obviously decreases .Banks can not affect bitcoin price too much .Bloomberg news add bitcoin trend to its financial terminal .American government sells bitcoin .Two Students from MIT plans to give 100 dollars bitcoin to every student free .BitPay paln will change bitcoin unit into Bits .
1.10th May case
After 15th April ,10th May is coming .Last week ,Huaxia Bank ,Bank of China ,Construction Bank of China and Tenpay constantly released announce to ban bitcoin trade using bank accounts .However ,a sentence in the announce from China Merchants Bank last week “maintain CNY status as legal currency ”has gone .And the sentence changes into “preventing money laundering risk ”.Later ,the trading platform FXBTC also announced to stop running ,expressing that they have supplied a big pressure with the policy .
Comment :
With more and more announce ,the effect is less and less .It’s normal ..What is panic ?It’s seldom even never that the case happens .If happening everyday,everybody may get accustomed to it .
It seems to be relevant to the policy that FXBTC closes at that time .But according to its announce “get a big loss ”,this is the real reason why it closes at that time .So even if without the policy ,it also will close .When FXBTC announced to close ,there was a good voice on microblog .We can know that the trading place has misdeed .
Some media said ,having experienced the case ,trading paces are thinking about canceling leverage system .If this is true ,once the news releases ,bitcoin price must increase .Becauut short sellers cant buy bitcoin to repay lending .
In trading places ‘ opinion ,some short Sellers report bank accounts from trading platforms for their profit .But from my perspective ,the mistake is not leverage system ,which only increases risk and profit .Even without lever ,people also may report trading platforms .If I hope to gain more bitcoin ,I still can sell all bitcoin ,then report the trading platforms .After bitcoin price decreases ,I also can buy more bitcoin with less money .
Though I never join in financing ,I expect that leverage system exists constantly too much .Leverage system increases bitcoin liquidity .Those who hoard bitcoin will not join in liquid capital originally .But with leverage system ,their bitcoin is lent to short Sellers .After short Sellers sell all their bitcoin ,the government will adjust bitcoin price .So we can buy cheaper bitcoin .
All in all ,in my opinion ,leverage system existence is good .Trading platforms and the policy from central bank of China is not in my consideration .Because even if without trading platforms ,we also will find out trading ways in the future .Even if a more serious policy from central bank of China ,it also cant iron out bitcoin .
2. election in board of directors on the foundation .
This week ,to fill in two position in board of directors ,bitcoin foundation preside the election .According to the voting outcome ,all candidates didn’t win a high ballots .If a candidate successes in electing ,he or she may get 52 ballots at least .But nobody gets such more ballot .Rank 1 is Bobby Lee ,the ceo from BTC China (44 ballots ),rank 2 is Brock Pierce ,a risk investors (34ballots )rank 3 is Vinny Lingham ,the ceo from Gyft (21ballots ).
Comment :
Congratulation to Bobby Lee beforehand .His rank is the first ,so his success is possible completely .Trading places is bitcoin biggest application now .With trading places ,we needn’t own real bitcoin basically .If we need real bitcoin ,we can go to the trading place to exchange.Previously ,the member Mark Karpeles on the foundation is running trading places .Thus ,this time adding a ceo from trading places is reasonable .
3.Bloomberg news adds bitcoin trend to its financial terminal .
This week ,Bloomberg news begin to provide bitcoin price trend service for its clients through Bloomberg Professional terminal .The service allows clients to supervise and record bitcoin price data from Coinbase and Kraken .In addition ,the service will synchronize digital currency news and the article from relative social media.
Comment :
Its aim is to innovate and satisfy clients’ demand .Bitcoin attracts more and more attention .Though mainstream financial industry doesn’t like bitcoin existence ,it cant ignore it .
4.Amercian government sells bitcoin
According to Coindesk ,the assistant of American judicial minister Randall Samborn said ,the government has sold bitcoin seized from Cornells Jan Slomp ,and gets 3 million dollars .
Comment :
From the amount ,it seems like only a little money .Also ,the news reality is unsure .If it is true ,the behavior is possibly illegal .Because the attitude towards bitcoin from American governmental is on hearing stage .So at that time ,selling bitcoin is not reasonable .
5.Two students in MIT plans to give 100 dollars bitcoin to each student free .
This week ,two students in MIT raised over 0.5 million dollars ,planning to give 100 dollars to every student free .
Comment :
It is the most efficient way to promote bitcoin .And bitcoin advantage may let them know .If someone gives bitcoin to you ,you at least should apply for a wallet and try to use it .Meanwhile ,here ,the object is MIT students ,they are the easiest group to accept newly thing .Moreover ,the probability MIT students become celebrity is high ,so the promotion will gain a good outcome .
6.BitPay plan will change bitcoin unit to Bits .
This week ,BitPay announced a plan ,it will show bitcoin price with the unit “bits”,1bit is equal to 0.000001BTC .
Comment :
This is important .Now with more number behind decimal point ,bitcoin transfer account seems more difficult .After the unit changes into bits ,it may be suitable for people because all currency only reserves two number behind decimal point .nIn addition ,bitcoin seems to be cheap with the unit “bit ”and more people will be glad to buy bitcoin .
7.Other news
(1)Ohio forbids buying liquor by bitcoin .
(2)Californian officers say that buying liquor with bitcoin is legal .
(3)A primary school in Cyprus accepts bitcoin as fee .
(4)Yelp announces bitcoin new function .
(5)BITX global expanding plan is aim to developing countries .
(6)Iphone is online on Coindesk
(7)CoinPip rolls out the service sending bitcoin through message .
(8)FinCEN :disintermediation service doesn’t belong to currency transmission .
Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can correct it.
