Author

Topic: Chinese Exchanges: (Read 4896 times)

sr. member
Activity: 1330
Merit: 289
May 30, 2015, 10:05:38 PM
#45
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/
sr. member
Activity: 500
Merit: 250
April 18, 2015, 06:46:36 AM
#44
Chinese exchanges are like...


legendary
Activity: 1176
Merit: 1000
March 16, 2015, 04:14:25 PM
#42
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!
hero member
Activity: 504
Merit: 500
Moderator
March 16, 2015, 04:00:33 PM
#41
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.
sr. member
Activity: 246
Merit: 250
March 16, 2015, 03:48:41 PM
#40
Decentralised or not you can still manipulate the markets. That much is obvious.
full member
Activity: 288
Merit: 102
Yin Yang religion of wisdom, harmony
March 14, 2015, 03:34:23 PM
#39
With the exception of CZ the others seem a bunch of chair warmers
hero member
Activity: 924
Merit: 1000
March 14, 2015, 03:01:15 PM
#38
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.
legendary
Activity: 896
Merit: 1000
March 14, 2015, 12:31:23 PM
#37
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.
legendary
Activity: 2170
Merit: 1427
March 14, 2015, 09:45:20 AM
#36
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.
sr. member
Activity: 1330
Merit: 289
March 14, 2015, 04:05:22 AM
#35
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.:
sr. member
Activity: 1330
Merit: 289
March 10, 2015, 01:31:23 PM
#34
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/
hero member
Activity: 642
Merit: 500
Evolution is the only way to survive
February 19, 2015, 05:04:51 AM
#33
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
sr. member
Activity: 384
Merit: 250
February 18, 2015, 10:13:39 AM
#32
sr. member
Activity: 378
Merit: 254
February 18, 2015, 10:07:03 AM
#31
^It all adds up Undecided
sr. member
Activity: 384
Merit: 250
February 18, 2015, 10:04:04 AM
#30
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.
hero member
Activity: 521
Merit: 500
February 18, 2015, 09:29:32 AM
#29
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.
full member
Activity: 205
Merit: 100
Investor / Trader / Analyst
February 18, 2015, 09:25:29 AM
#28
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://bitcointalksearch.org/topic/m.10425632

"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://bitcointalksearch.org/topic/m.10414215

This is actually good for bitcoin /s
sr. member
Activity: 350
Merit: 250
Honest 80s business!
February 18, 2015, 04:55:42 AM
#27
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...
legendary
Activity: 1120
Merit: 1000
February 17, 2015, 05:39:00 PM
#26
huobi going down once in awhile because DNS!



is the API down too when the site is down?
full member
Activity: 154
Merit: 100
February 17, 2015, 05:28:06 PM
#25
huobi going down once in awhile because DNS!



Maybe people should leave the exchange once and for all.
sr. member
Activity: 1330
Merit: 289
February 17, 2015, 04:29:47 PM
#24
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
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
February 17, 2015, 04:19:37 PM
#23
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.
sr. member
Activity: 1330
Merit: 289
February 17, 2015, 04:07:27 PM
#22
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/
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
February 17, 2015, 02:36:53 PM
#21
Don't forget on fake volume!!!!!

And then many are saying stamp is dying...  Roll Eyes
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
legendary
Activity: 1106
Merit: 1007
Hide your women
February 17, 2015, 02:35:59 PM
#20
Don't forget on fake volume!!!!!

And then many are saying stamp is dying...  Roll Eyes
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.
member
Activity: 109
Merit: 10
February 17, 2015, 02:35:26 PM
#19
WOOO THE DAYS OF CHINA FUD ARE BACK
sr. member
Activity: 1330
Merit: 289
February 17, 2015, 02:27:45 PM
#18
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/
legendary
Activity: 1610
Merit: 1183
February 16, 2015, 11:36:46 AM
#17
Don't forget on fake volume!!!!!

And then many are saying stamp is dying...  Roll Eyes
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.
sr. member
Activity: 367
Merit: 250
February 16, 2015, 11:15:24 AM
#16
Don't forget on fake volume!!!!!

And then many are saying stamp is dying...  Roll Eyes
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
Q7
sr. member
Activity: 448
Merit: 250
February 16, 2015, 08:05:27 AM
#15
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
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
February 15, 2015, 02:41:27 PM
#13
sr. member
Activity: 378
Merit: 254
February 15, 2015, 11:47:55 AM
#12
I remain cautiously optimistic.

sr. member
Activity: 1330
Merit: 289
February 15, 2015, 11:42:12 AM
#11
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
sr. member
Activity: 1330
Merit: 289
February 15, 2015, 11:38:20 AM
#10
I just hope there isn't a crash following it.

There is no reason for the market to grow right now.
full member
Activity: 238
Merit: 100
www.secondstrade.com - 190% return Binary option
February 15, 2015, 11:29:36 AM
#9
I just hope there isn't a crash following it.
sr. member
Activity: 1330
Merit: 289
February 15, 2015, 10:53:46 AM
#8
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://bitcointalksearch.org/topic/m.10425632

"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://bitcointalksearch.org/topic/m.10414215

legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
February 15, 2015, 10:49:18 AM
#7
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
sr. member
Activity: 1330
Merit: 289
February 15, 2015, 10:43:16 AM
#6
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.  Huh
legendary
Activity: 1937
Merit: 1001
February 15, 2015, 10:40:07 AM
#5
LOL here comes the crash... With chinese exchanges hacked we have pretty much a guarantee to end the weekend way under $200!
sr. member
Activity: 1330
Merit: 289
February 15, 2015, 10:34:40 AM
#4
"7170 BTC got stolen from our cold wallet in this transaction:"

http://bter.com/
sr. member
Activity: 1330
Merit: 289
February 15, 2015, 09:41:40 AM
#3
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://bitcointalksearch.org/topic/m.10425632

"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://bitcointalksearch.org/topic/m.10414215
legendary
Activity: 1232
Merit: 1011
February 15, 2015, 09:36:38 AM
#2
huobi going down once in awhile because DNS!

sr. member
Activity: 1330
Merit: 289
February 15, 2015, 09:35:33 AM
#1
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