The Chinese fiat/Bitcoin interface formerly known as "BTC China" announced they would be opening a United States dollar market. They attribute their decision in part to the Bitfinexodus. creating a pliable user base in search a place that isn't named Bitfinex. Naturally BTCC made it clear that while they welcome trading of the United States dollar, they have no plans to accept United States persons as customers. United States persons simply invite too many problems.
Category Archives: China
Alibaba Clamps Down On Internal Theft
Alibaba, a Chinese online retailer that serves as the supply chain for numerous small and medium "businesses", has recently clamped down on internal theft following a holiday related hacking incident (archived). To celebrate the mid Autumn festival the firm awarded each of its employees a moon cake while allowing employees to purchase additional moon cakes. Four different software engineers were discovered directing to themselves a total of 496 ill gotten moon cakes in what are reported to be separate incidents. The employment of the thieves was terminated. Sorry for your loss.
China Solidifies Presence In Airstrip Two's Media
News is emerging that media organs associated with the Chinese government have negotiated a deal which will allow them to place stories in media outlets serving Airstrip Two1. This deal allows media outlets in Airstrip Two to continue pretending to exist in a state other than penury while organs of the Chinese state get placement and editorial control over these stories. This move is in concordance with Airstrip Two's move away from Airstrip One and into alignment with China. Peace in our time.
Formerly Known as Australia ↩
Gavin and Toomim Present: "Classic" – Another Hard Fork Risk
China Continues Forcing Stockholders To HODL
Reports are emerging that China's stock market regulators will continue to ban stock holders possessing more than 5% of a companies shares from selling (archived). The measure which appears intended to prevent actual market valuation of securities deprives the most significant investors in companies of their ability to reclaim value they put in while there is still value to save. As the global fiat system continues to decline expect more national market regulators to take extreme measures like this in order force disproportionate loss on the system's most critical private investors. Sorry for your loss.
Chinese Stocks Crash Trading Halted
Fiat stock markets in China opened the new year by crashing. The CSI300 index of major Chinese stocks fell 7 percent before trading was suspended.
F2Pool Lashes Out When Called Out For SPV Mining
Late last week some minor drama occurred on the old forum when a certain large SPV mining pool which has caused headaches for Bitcoin's network stability before had some of their IP addresses published publicly.
Bitcointalk user Kano revealed that a part of the SPV mining process used by F2Pool (nee. Discus Fish) and likely others involves connecting miners to other pools in order to more rapidly detect block changes and generate an empty block header to feed to their miners sooner than they could otherwise. The connected listening "miners" at least as implemented by F2Pool at the time of this outing did not actually mine on the connected pools making their detection easier. Continue reading
Tsinghua Unigroup Flirts With Acquisition of DRAM Maker Micron
Chinese state owned enterprise Tsinghua Unigroup is rumored to be flirting with an acquisition of Micron Technology, the last maker of DRAM based in the United States. At the moment prevailing wisdom in the mainstream financial press appears to be that the US Treasury's "Committee on Foreign Investment in the United States" would block a sale to the state owned enterprise and if they don't the Department of Defense would likely block Tsinghua Unigroup or any Chinese firm from purchasing Micron. Continue reading
OKCoin Ver Dispute Escalates
The dispute between OKCoin and Roger Ver over which contract governs an agreement they made regarding the bitcoin.com domain name continues to escalate with Ver's friend and former CTO of OKCoin Changpeng Zhao publicly stating (archive) that he had a gentleman's agreement with Ver which he expected OKCoin to honour after he left the company.
In addition to siding with Ver's version of events, Zhao claims OKCoin has been engaged in an assortment of deceptive conduct regarding the operation of its exchange, specifically: Continue reading
Tsinghua University Creates a "Digital Assets Research Initiative"
Following on the heels of the announcement that the Vessenes Foundation's developers have moved to MIT, a press release is circulating with claims that Tsinghua University in cooperation with Chinese fiat/Bitcoin interface Huobi are starting a "Digital Asset Research Initiative."