Chinese whispers hit Bitcoin, again
Rumours suggesting the Chinese government was moving to block Bitcoin related traffic on its networks have been dismissed. News stories about China routinely get traction without being checked and elements of the Bitcoin community seem happy to believe anything which fits with their world view. But forum posters on Bitcointalk quickly moved to quash rumours that Chinese telcos were being warned to block bitcoin-related traffic. The original poster quoted a supposed email which said: "We got further information from our carrier confirming that business such as bitcoin is not a proper....
Related News
The weekend's bitcoin unsupported rumour was that China is to support the currency ... allegedly. If you thought parts of the bitcoin community were susceptible to swallowing rumors, this latest incident just took it up a notch. A user on reddit posted a link -- and summary -- of a documentary on bitcoin from CCTV, the Chinese state broadcaster. This, before a translation had even been offered, was taken as tacit support from the Chinese government for the currency. Whodunnit? A more likely explanation came from a reddit user who took the view that cock-up is more likely than conspiracy.....
To our Chinese Friends, Countryman, and Government - lend me your ears. The Chinese government has now ordered their press to censor news of bitcoin and our Global Bitcoin Summit. It's already too late. We are bitcoin and we're already there. People are using our currency quietly...carefully today. Does your government think their citizens don't know what the press is forbidden to report? Do they not hear your whispers behind closed doors? Your kingdom may be crumbling from corruption from the inside, yet the lies among their ranks has become circular and corruption is the fruit of their....
Welcome to the CoinDesk Weekly Review 18th October 2013 - a regular look at the hottest, most controversial and thought-provoking events in the world of digital currency through the eyes of skepticism and wonder. Your host ... John Law. That which does not kill me... The law of unintended effects sometimes seems as much a part of the universe as anything Newton or Einstein could cook up. The landing of Apollo 11 on the moon - the triumph of manned space exploration - signalled the start of disillusionment with the whole idea. We haven't been out of Earth orbit since the programme was shut....
BTC-e has opened up USD/CNH, BTC/CNH, and LTC/CNH markets today. Withlooming PBOC action that would end Chinese Bitcoin exchange's access to domestic bank accounts, Chinese traders are undoubtedly looking for new exchanges to trade on. Along with Chinese RMB (CNH to BTC-e) trading comes RMB deposits, which are handled through an international bank. An international bank means that Chinese traders wishing to convert fiat to crypto through this route will be subject to the Chinese $50,000 annual limit. In fact, people are starting to realize that the PBOC's still shrouded notice to regional....
Read the original Chinese article on btc38 and btckan, a prominent Chinese Bitcoin exchange and website, respectively. BTC China's CEO Bobby Lee has introduced a new method for Bitcoiners in China to "recharge" their RMB balances on Chinese Bitcoin Exchanges: BTC China vouchers. Within a week, Chinese Bitcoin Exchanges led by BTC China, have found a solution for getting RMB deposits into Chinese Bitcoin Exchanges in compliance with ever-changing interpretations of Chinese law. Alternatively, Huobi's CEO has been using his personal bank account to provide RMB liquidity for all of his....