Poll
Question: Closing BTC Price June 28:
$0 - 5 (2.6%)
<$7,000 - 4 (2.1%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 1 (0.5%)
$8,500-$8,999 - 3 (1.6%)
$9,000-$9,499 - 4 (2.1%)
$9,500-$9,999 - 27 (14.2%)
$10,000-$10,499 - 26 (13.7%)
$10,500-10,999 - 15 (7.9%)
$11,000-$11,499 - 14 (7.4%)
$11,500-$12,000 - 17 (8.9%)
>$12,000 - 59 (31.1%)
>$20,000 - 15 (7.9%)
Total Voters: 190

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21253769 times)
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dreamspark
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April 10, 2014, 09:29:52 AM

Translation of the Huobi announcement from Reddit:

Quote
Announcement on the Temporary Cessation of Deposits via ICBC Cards on Huobi
Dear Huobi users:
Latest news from Huobi:
At roughly 10:00am today, we received notice from the Zhongguancun Branch of ICBC (Industrial and Commercial Bank) that they had been notified by operations management to cease providing service to Huobi, and would be closing Huobi's ICBC account by April 18.
At roughly 10:30, several of the Huobi partners rushed to the Zhongguancun Branch of Huobi to communicate with the Customer Manager.
The situation is as follows:
They did truly receive notice from higher up at the bank, requesting a halt to our ICBC Zhongguancun Account, effective April 18
The notice was an oral notice. The branch has not received anything in writing
When asked why other banks had not sent out the same notice, the response was that different banks may be interpreting policies in different ways, and may have different levels of sensitivity
When asked if there was any room for maneuvering, the answer was that there was none. The order had come from above, and there was nothing to discuss
When asked how to handle user funds in the future, the answer was that we could shift our funds to a different commercial bank, but not ICBC.
We asked the Customer Manager to provide his views on the Bitcoin policy and related matters, but since they did not represent ICBC's views, and had little direct bearing on Huobi's operations, they will not be explained point-by-point in this notice.
Today at 12:00, we rushed back to the office to release this notice. Before release of this notice, we did not notify any users or organizations in advance. Please keep an eye on this.
Huobi will officially suspend deposits through its ICBC Zhongguancun Branch account next Monday (April 14)(this will not affect users withdrawing cash from ICBC. We will use accounts at other banks to transfer the funds to your account). At present, this does not affect other banks. Huobi will release any new information immediately.


Weird wording at the end.