Btc38 closing

The Chicoms have seized local conglomerate with international holdings Anbang and turned it over to the Chinese Insurance Regulatory Commision nominally to &#;protect the rights and interests of consumers.&#;

The Ford Motor Company announced to day that it would become the first &#;American&#; automaker to outsource the manufacturing of a whole passenger car model to China. Ford will be relocating production of it&#;s runty, low margin, and slow selling &#;Focus&#; to China while the plant in suburban Detroit currently producing the Focus will be retooled for pickup truck and SUV production.

Previously, mainstream US vehicular imports from China were limited to parts while upstart brands bringing whole vehicles to the US from China typically import budget vehicles with &#;off-road use only&#; import papers and street tires to increase their affordability for cash poor American consumers.

Bitfinex self reported that their fiat-side banking partners in the Republic of China¹ are going to soon stop doing banking work for them on the bank&#;s initiative. This is in line with the other China&#;s attitude towards their fiat emphasized fiat/Bitcoin interfaces. Sorry for your loss, butt fun while it lasted.

1. also known as Taiwan, Island China, or Little China  &#;

The &#;30 Day&#; suspension of Bitcoin withdrawals from Chinese fiat/Bitcoin interfaces has now passed the 61 day mark with no sign of being lifted. The suspensions began when assorted &#;wreckers&#; at Chinese fiat/Bitcoin interfaces began collaborating with wreckers at the People&#;s Bank of China instead of dumping the fiat Chinese renminbi. To be clear 61 days is more that 30 days. It is 30 days followed by another 30 days and still another day with no relief in sight for the bagholders. Sorry for your loss.

Today on St Louis&#;s evening fake news, sportscaster Frank Cusamano of KSDK referred to &#;Chinese Taipei&#;¹ as China in an aggressive move demeaning the socialist cucks at the People&#;s Republic of China. The People&#;s Republic of China instead lost Thursday&#;s game via the &#;mercy rule&#; to the Australian national team following a tournament opening loss to Cuba. It has yet  to be seen if the embarrassment of owning their losses will be overcome with a statement from the People&#;s Republic admonishing Cusamano for his transgression against the &#;One China&#; myth.

1. Also known as Taiwan or The Republic of China  &#;

The People&#;s Bank of China has again coordinated with a number of Chinese fiat/Bitcoin interfaces to implement new regulatory requirements. This time anti-money laundering suggestions have lead to 30 day suspensions of Bitcoin withdrawals at Huboi and OKCoin while they explore their compliance. Withdrawals of legacy fiat currency and deposits remain available at these interfaces. Other measure being implemented across Chinese fiat/Bitcoin interfaces involve an end to zero fee trading.

The continued interest by the People&#;s Republic&#;s central bank towards Bitcoin this year along with the surprise emergence of Chinese monophone pool operators from nowhere with allegiance to ongoing network coup attempts demonstrates an increasing amount of statal aggression by China towards Bitcoin.

As mentioned in Shinohai&#;s latest shitcoin Roundup, a few single language Chinese miners have taken to expressing an unjustified degree of loyalty to yet another doomed anti-Bitcoin forking effort. In the same week the fork effort&#;s defective client unintentionally fell out of consensus due to its inherent slop, Andrew Quentson (WOT:nonperson) published a purported &#;cosmetically corrected&#; interview with Jiang Zhuoer (WOT:nonperson) where among other things Zhuoer confesses to &#;SPV mining&#; while asserting to have million dollars¹ committed to destroying any actual Bitcoin network which remains after splitting his favored altcoin from Bitcoin.

If Zhuoer&#;s intent actually corresponds to what the words printed in English mean,² it represents a paltry counter to the deterrent presented by Mircea Popescu and other lords of the Most Serene Republic, which has thus far damped off earlier social engineering attempts to fork Bitcoin into something else before they could root.

Continued imprudence among mining pool operators suggests that a solution to the mining bug³ in order to disabuse certain activist factions of their imagined participation in Bitcoin. Importantly, recent efforts by the People&#;s Bank of China to bring sanity to their local fiat/Bitcoin interfaces does not preclude future statal attempts to attack Bitcoin via the mining vector from the People&#;s Republic of China.  Sorry for your loss.

1. A mere 10, Bitcoins today, less tomorrow &#;

2. Such is the least of the curses handicapping the monophone single language speaker.  &#;

3. Some solutions have been proposed to constrain the impact of the bug  &#;

Following pressure from the &#;People&#;s&#; Bank of China, the major Chinese fiat/Bitcoin interfaces have brought an end to margin trading for domestic Chinese customers. Further fiat side interference with fiat/Bitcoin interfaces is expected to continue or accelerate over

Chinese altcoin exchange BTC38 has reportedly suffered an attack that resulted in a million RMB (Appx. $, USD) Sorry For Your Loss.

A post on tallerembajador.com.mx stated:

“As a result of the server logic problems on 21st Dec, more than 10 million Bitshares, over 10 million NXT and some BTC/LTC were stolen from the exchange’s hot wallet (estimated total loss of million RMB). We shut down the server immediately and stayed up all night to fix the problem. We have reviewed our wallet deployment plan and made new adjustments. We will take full responsibility for the total loss of the digital asset (market buyback).” The most important assurance is that all funds are safe in the hands of BTC
BTC38 explained the delay to calm down the market:“As we are currently redeploying the wallet, the service for certain coins will be resumed gradually.”

The hack comes on the heels of an attack earlier this year, in which BTC38&#;s API keys were compromised, resulting in the exchange taking a lesson from the Vitalik Buterin playbook and &#;rolling back&#; trades. A security review was announced at that time time which apparently did little to prevent the latest breach. The exchange assures users that this time, however, the loss of hot wallet funds would not impact any customer balances.

Chinese altcoin exchange BTC38 has reportedly suffered an attack that resulted in a million RMB (Appx. $, USD) Sorry For Your Loss.

A post on tallerembajador.com.mx stated:

“As a result of the server logic problems on 21st Dec, more than 10 million Bitshares, over 10 million NXT and some BTC/LTC were stolen from the exchange’s hot wallet (estimated total loss of million RMB). We shut down the server immediately and stayed up all night to fix the problem. We have reviewed our wallet deployment plan and made new adjustments. We will take full responsibility for the total loss of the digital asset (market buyback).” The most important assurance is that all funds are safe in the hands of BTC
BTC38 explained the delay to calm down the market:“As we are currently redeploying the wallet, the service for certain coins will be resumed gradually.”

The hack comes on the heels of an attack earlier this year, in which BTC38&#;s API keys were compromised, resulting in the exchange taking a lesson from the Vitalik Buterin playbook and &#;rolling back&#; trades. A security review was announced at that time time which apparently did little to prevent the latest breach. The exchange assures users that this time, however, the loss of hot wallet funds would not impact any customer balances.