|We are looking for Europeans of different nationalities that can speak about the refugee invasion in your country and how this REALLY is affecting you. Are you in Hungary, Greece, Germany, France, Italy, Austria or another country being heavily invaded? Please reach out: email@example.com or @rediceradio We want to speak with you!|
Bitcoin’s value tumbles in half after China forces top exchange to stop trading
By Alex Hern | The Guardian
The price of bitcoin has plummeted following an announcement from China’s largest bitcoin exchange that it would no longer be accepting new yuan deposits.
BTC China said that due to action by a third-party payment provider, YeePay, it could no longer accept deposits in the Chinese currency, although it would still be able to process withdrawals. BTC’s chief executive, Bobby Lee, said that YeePay gave notice on Wednesday morning Shanghai time that it would no longer provide services.
Lee blamed government regulation for the decision. China’s central bank warned in early December that bitcoin was not legally protected and had no "real meaning", and barred financial institutions from using the currency.
On Tuesday, the central bank extended that ban to payment companies like YeePay, and gave them until Chinese New Year, which begins on 31 January, to comply.
At publication time, the value of one bitcoin on BTC China stands at ¥2,630 (£266.02), down from a high of ¥7,395 (£741.70) in late November. Bitcoin has dropped against other currencies in the same period, falling from £750 to £300 in the UK and from $1242 to $480 in the US.
On 18 November, BTC China raised $5m in a funding round from institutional investors Lightspeed. Until then, it had been self-funded by its three co-founders, who opened the site in June 2011.
Bitcoin remains legal to use in China, and the central bank is standing by an announcement that individuals are free to trade it at their own risk. But without third party payment providers, new purchases of the currency are virtually impossible.
Read the full article at: theguardian.com
Tune into Red Ice Radio:
Clif High - Hour 1 - Bandwidth Caps, Bitcoin, ISON & Nummo Origins
Jason Erb - Hour 1 - Economic History & Alternative Currencies
John Perkins - An Economic Hitman on Predatory Capitalism & Corporate Monopoly
Catherine Austine Fitts - Swine Flu, Vaccination & The Economy
Bill Still - Hour 1 - Fixing Greece, The Crumbling EU & Monetary Reformation
Walter Block - Hour 1 - Libertarian Philosophy & Anarcho-capitalism
Tracy Twyman - Alconomics, Money & Magic
Russia’s Largest Bank Proposes Bitcoin Alternative
(NOOOOOOOO!) JPMorgan files patent for Bitcoin-style payment system
Bitcoin Was Created By DARPA?
Stefan Molyneux - The Truth About Bitcoin
UK Royal Mint Working On Plans To Issue Gold-Backed Physical Bitcoins
Bitcoin site is hacked, with $1million of the virtual currency stolen
Meet Dark Wallet – How Crypto-Anarchists Will Store Their Bitcoins
Latest News from our Front Page
Migrant Crisis stand-up routine - Sam Hyde
YouTube description: "Migrant" "Crisis" AKA Muslim Road Trip. Hundreds of thousands of astronauts, doctors, sciencemen, and peaceful clock inventors descend upon the countries with the most collective guilt and free stuff.
This was pretty good man... I wasn't expecting this reaction from the same Boston college audience who so thoroughly disapproved of my 'Mike Brown' routine. I think the invasion of ...
Muslim Rape Gang in Rhode Island
2 Mohammeds, a Yazeed, & a Tareq accused of raping two 18 year old female Johnson & Wales students:
By Amanda Milkovits, Lynn Arditi, Providence Journal, Oct 7, 2015 (thanks to Andy Bostom)
PROVIDENCE, R.I. — Four male Johnson & Wales University students have been arrested in connection with a reported sexual assault and alleged drugging of two female students at the university.
South Carolina city to pay $6.5 million over police shooting of black man
The family of an unarmed black man shot in the back by a white police officer will get a $6.5 million settlement from North Charleston in South Carolina, city officials said on Thursday.
The man, Walter Scott, 50, was shot after fleeing a traffic stop in April. The shooting was caught on a bystander's video and reignited a national outcry over ...
Finally, The CIA Admits Covering Up JFK Assassination
Suspicions that the CIA covered up JFK’s murder have finally been confirmed, according to an explosive Politico report out this week. Fifty-two years after the President’s death, declassified documents show that the CIA were in communication with alleged assassin Lee Harvey Oswald before JFK’s murder in 1963, and they were monitoring his mail since 1959.
Not only that but John McCone, who was Chief of the ...
More Great Media Moments in Muslim Achievement: Headscarf Lady Wins Bakeoff In Britain
Last month, America rejoiced when a 14-year-old Muslim lad in Irving, Texas discovered time, thus solving the universe’s ongoing problem that everything happens at once. This month, Britain is exulting that a Muslim lady can cook better than most Brits. From the New York Times:
Muslim Winner of Baking Contest Defies Prejudice in Britain
By Dan Bilefsky, OCT. 8, 2015
LONDON — Prime Minister ...
|More News » |