10th May is coming ,trading places struggled to exist .FXBTC closed .Liqiyuan joined in board of directors of Bitcoin funds foundation devoting to propel government and law support .Federal Election Commerce (FEC )agreed Bitcoin to be used in political donation .
1.10th May is coming ,does 6th June exist ?
Almost all commercial banks in China announced to stop Bitcoin trade with bank accounts this week .huobi.com ,BTC China ,okcoin ,CHBTC and BTC Trade announced to cancel financing and exit Bitcoin international commerce held in Beijing .Then 10th May is coming ,Bitcoin commerce was held smoothly .
Comment :
For saving themselves ,trading platforms announced not to join in any largely marketing Bitcoin meeting .Meanwhile ,they would stop financing before 10th May .The promise is written to central bank of China not us .On 15th April ,Bitcoin price decreased rapidly which expedited central bank of China to publish more serious policy .So this time ,they expressed their attitude to central bank of China .
Many people think trading places as “no zuo no die”，but I believe their behavior is right .Joining in Bitcoin commerce is a way to marketing .Financing is a double-edged sword .Those people who realize Bitcoin shortly ,its risk is big .But to experiential Bitcoin fans ,it can decrease risk .So financing itself is neutral .
However ,I understang their ploy much ,which aims to exist forever .As everybody hopes ,Bitcoin price was stable on 10th May ,maybe central bank of China was satisfied with it .But if it didn’t satisfy ,next day to attack Bitcoin trading platforms may be 6th June .( 321 + 94 = 415，415 + 95 = 510，510 + 96 = 606).I suspect that I am abnormal.
2.FXBTC closed
This week ,FXBTC announced to stop running on 10th May and remind clients of withdrawal .However ,its Bitcoin price is cheaper than others .Moreover ,it enjoyed 20 thousand trunk Bitcoin trading amount every day .The platform closed suddenly on 10th May .And some clients said that the platform didn’t manage withdrawal since 8th May .
Comment :
Have we read the story ?Yes ,it’s Mt.Gox .FXBTC is clever .It announced to remind clients of withdrawal ,but everybody cant withdraw deposit in fact .It suddenly closed the platform on 10th May .
3.Liqiyuan joins in board of directors of Bitcoin funding foundation
Bobby Lee and Brock Pierce won on Round 2 election ,being a member of board of directors ;There are 3 candidates on the round ,including Liqiyuan ,the CEO of BTC China, Brock Pierce,a risking investor and Vinny Lingham,the CEO of Gyft .Finally ,Liqiyuan gained 79%ballot and Pierce gained 65%.
Comment :
Last week ,I have estimated Liqiyuan will win .At present ,BTC China develops worse than huobi.com and okcoin .However ,the devotion to Chinese Bitcoin from BTC China is big ,so he is elected reasonably .
4.FEC allows Bitcoin to be used in political donation
The American politician Alderman Mark Clear refunded Bitcoin donation (100dollars )on 6th May for unclear Bitcoin donating aattitude from FEC .On 9th May ,FEC voted to accept Bitcoin to be used in political donation .
Comment :
According to the outcome ,we can see that politicians care little about your donating way .And if a politician want to accept more donation ,he should accept Bitcoin donation .
5.Other news
(1)Australian risking investing company Future Capital rolled out 30million dollars Bitcoin funds .
(2)CheapAir accepts Bitcoin to book Amtrak (train ticket ).
(3)47%Bitcoin companies use Bitcoin to pay for wage .
(4)BitPay partner rolled out new booking implement.
(5)Bitcoin trading platform Vaurum gained 4million dollars seed funds .
(6)Coinbase acquired Kippt developers .
(7)Silicon Valley and Wall Street have confidence in Bitcoin .
(8)8pip in Singapore sales Bitcoin card .
(9) ）Winklevoss brothers plan to list ETF in NASDAQ
(10)HashFast decreases 50%employees ,denying bankruptcy rumors .
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.