if you look at the BTC price after SR news, you need to understand, there is no instrument available to protect any of the "bank" clients and the "bank" from carnage like this.
cryptocyprus, all this BS you spew about futures and options is mildly put ... nonsense.
Oh come off it. There isn't an endless list of scenarios like SR being shut down that could have this level of impact on bitcoin. The business model behind N&B isn't risk free (no one is arguing the contrary), but it certainly has a substantial list of reasons as to why it will succeed and few that would end in despair. SR shutting down prior to N&B opening is fantastic news as it removes one of the likely crash scenarios and also helps remove an avenue of ridicule and distrust that bitcoin has shouldered this whole time.
To cite this as a negative for N&B, especially at this time - prior to opening, is shortsighted to say the least.
You are a bit blinded about they shine "business model", full of holes.
BTC is volatile and there are no instruments to protect you nor that "bank" from BTC:fiat risks. Period.
Yes, it is good that SR is gone but at the same time, it also demonstrates clearly, how unstable and useless BTC still is in the real world.
Look how easy it was to drop BTC to 140 to 80 in extremely short time. Pufff... and it's all gone.