#China's three largest #bitcoin exchanges said on Thursday they will strengthen oversight of customers' identities and sources of funds, in the latest shift since the Chinese central bank stepped up its scrutiny of the industry.
BTCC, OkCoin and Huobi said in identical statements on their websites that they wanted to curb market speculation and prevent activities such as currency exchange through bitcoin, which they warned was not issued by monetary authorities and carried high risk.
Their move comes after China's central bank said it called nine of the country's smaller bitcoin exchanges in to a Wednesday meeting to discuss risks in the bitcoin market, and warned them that they risk closure if they seriously violated regulations or took part in activities such as margin lending.
In their Thursday statements, they also said they may freeze assets or limit trading by users who were found to flout the rules. Their statements also contained links to documents published by China's banking regulator that warned investors about market risks.
__Two of China's most widely used bitcoin exchanges have announced that they will suspend bitcoin and litecoin withdrawals for one month effective immediately.__
#Yuan recharge, withdrawals and other services will not be affected, the exchanges said.
In public posts that showcase the increasingly coordinated nature of exchange policy in the region, both #OKCoin and #Huobi said today that the move was a bid to bolster their anti-money laundering (AML) capabilities and prevent "illegal transactions".
Across all U.S. exchanges tracked by data provider #CoinDesk, the average daily volume of #bitcoin traded is about $30 million. Much more trading occurs in China, but those exchanges wouldn’t be used by a U.S. fund, Mr. Bogart says, because they function in an opaque manner.
Mr. Bogart estimates that at least $300 million would come into any approved ETF in the first week, as a convenient door to bitcoin opens up to investors. Institutional investors like pension funds haven’t been able to partake in bitcoin because many of their charters require that portfolio securities are registered with authorities.
Mr. Burniske says it’s impossible to buy $2 million of bitcoin on any given day on U.S. exchanges without moving the market.
Yet, for every share of the ETF sold, an “authorized participant”—the fund’s market maker—will have to buy an equivalent amount of bitcoin.
you created some coin out of thin air (and some sun)
unless it’s working in a community that accept to give it some
This market is in danger of de-listing due to low trade volume and lack of user interest. It may be removed on Friday, January 27th 2017 unless the average daily trade volume for the last 14 days exceeds 0.5 BTC. If you would like to keep the market listed, please encourage the development team to contact us at firstname.lastname@example.org. If you have questions about the policy, please see https://bittrex.zendesk.com/hc/en-us/articles/202583874.
___Some serious stuff that could be discussed in the @e-coin Analysis forum,
if anyone has the need for to share some emotions ..___
#faircoin #bitcoin #bittrex
docvala: dump still there, don;t buy rj4321: 6140 could possibly hold... docvala: still lower facth: reboynd from 6150 to 6270.. xd rj4321: thats 892.... rj4321: huobi alejo_zapata86: buy now buy nowwwww facth: i will ending buy in sell point at this pace.. rj4321: depends how much lower/longer this goes rj4321: few people already buyin in... rj4321: good luck with that docvala: huobi is till going down, world down too d3693: that btc/ltc rise thoooo facth: not down. Still rebound up.. rj4321: still? rj4321: lol, since when facth: shit dump we are already close to 6215 again.. facth: 6325 meant rj4321: it hit 6203.....doesnt look healthy right now.... nemo3x8: 850 soon LTCtrdr9: What is with the huobi graph on bitcoinwisdom? facth: imposible with those moves and rebounds could go anywhere.. rj4321: servers not loading it facth: we are already almost 630 again.. xdd rj4321: are you drunk? facth: and i am already not rebuy in.. facth: 630"0" rj4321: lol ic facth: xd rj4321: watch out for next drop, itl b steep.... facth: finally end of rebound, down again a bit facth: roughly one red in 1m chart..... rj4321: may wanna zoom out a bit, lol facth: i am half in.. this is madness. Sure now will plumb again xd docvala: i will wait at 895 again docvala: and intend to sell more now rj4321: better be quick bongskag: dorp dorp dorp jmmade: NOoooooo STaaapp jmmade: no moar selling!!
LTCtrdr9: What is with the huobi graph on bitcoinwisdom? facth: imposible with those moves and rebounds could go anywhere… rj4321: servers not loading it
I told you …
Important FairCoin #wallet #update v1.5.2
We urge everybody to update your #FairCoin core wallet immediately to the latest version 1.5.2. Download it here.
Please note: The electrum and the android wallet are not affected!
Click here to update your wallet now!
Thats why: (sorry probably only some will undestand that words) The #Peercoin block chain experienced an unwanted #fork because of a malicious transaction that was injected into the Peercoin network by an attacker. This is a serious issue. FairCoin being a descendant of Peercoin and is also vulnerable to this kind of attack. Only the latest wallet release contains the fix for this vulnerability.