BTC China CEO Attempts To Calm The Bitcoin Market After RMB Deposit Shutdown

TechCrunch

In a letter posted on the Chinese bitcoin trading site BTC China CEO Bobby Lee attempted to calm the markets by posting a long, detailed description of the way forward for the company. “As China’s first Bitcoin and Bitcoin trading platform company, we have more than two and half years of operating experience and a good reputation,” he wrote. “I believe you love Bitcoin and will fully understand our decision.”

Lee also clarified that the ban on RMB deposits is temporary and that the People’s Bank Of China saw bitcoin markets as similar to any commodity market and that “ordinary people have the freedom to participate in them at their own risk.” He also announced a number of improvements and changes to the platform aimed at retaining customers.

The company announced a new product called “Currency Lock” that stores bitcoin in “cold storage” with “bank-level” security. Commentators see this as a…

View original post 138 more words

BTC China CEO Attempts To Calm The Bitcoin Market After RMB Deposit Shutdown

TechCrunch

In a letter posted on the Chinese bitcoin trading site BTC China CEO Bobby Lee attempted to calm the markets by posting a long, detailed description of the way forward for the company. “As China’s first Bitcoin and Bitcoin trading platform company, we have more than two and half years of operating experience and a good reputation,” he wrote. “I believe you love Bitcoin and will fully understand our decision.”

Lee also clarified that the ban on RMB deposits is temporary and that the People’s Bank Of China saw bitcoin markets as similar to any commodity market and that “ordinary people have the freedom to participate in them at their own risk.” He also announced a number of improvements and changes to the platform aimed at retaining customers.

The company announced a new product called “Currency Lock” that stores bitcoin in “cold storage” with “bank-level” security. Commentators see this as a…

View original post 138 more words

USB 3.0

After 10 Years Of The USB 2.0….We Have The  USB 3.0 And It Promises To Be Something Great. They Said It Is Going To Be 10x Faster Than The Previous, Transferring At Roughly 18 Seconds Per Gigabytes In Comparison To USB 2.0 At (What Now Sounds Like Windows 98 VS Vista) 50 Seconds Per Gigabytes.

 It Good to See They’re Speeding Up the Process Of The Simpler Things