It's a "big news" week at Bitcoinica. After announcing our corporate reorganization as a registered Financial Services Provider, we'd like to share another big announcement. Going forward, Bitcoinca will be managed and operated by the well known Bitcoin Consultancy team. Bitcoin Consultancy has been an influential force for bitcoin since its early days. Founders Donald Norman, Patrick Strateman and Amir Taaki are well known for their contributions to bitcoin open source, public outreach, and special efforts to encourage best practices in online security. The Bitcoin Consultancy team will be responsible for the daily operations of Bitcoinica, including customer support, compliance and new features. We have some amazing improvements in the works that we know our customers will love. As Bitcoinica's founder I will continue to be involved in Bitcoinica, both aiding in the operational transition and as an ongoing contributor the long-term vision for Bitcoinica. I have enjoyed our journey together and look forward to exciting times ahead. Zhou Tong Bitcoinica operates one of the most popular Bitcoin trading platforms, with advanced features such as margin trading, short selling and stop orders. Bitcoin users can use Bitcoinica to trade Bitcoins, exchange currencies and receive interests on deposits.
The musician "ZhouTonged"'s first song was about Zhou Tong's exchange Bitcoinica. To be "ZhouTonged" at that time was to say that you were screwed, after people were force liquidated on Bitcoinica unfairly because Bitcoinica wasn't adequately hedged, and it was allowing 10x leveraged CFD trades. The price on Bitcoinica could be 30% different from the price on MtGox that it was supposed to track. Zhou Tong founded Bitcoinica in 2011 at the age of 17. Bitcoinica was an online trading company that enabled users to speculate on the contract-for-difference market against the Bitcoin to the USD exchange rate. In March 2012, Bitcoinica reported that they had lost 43,554 BTC after an alleged hacking at web hosting provider Linode’s servers ... On May 12, 2012, a hacker breached the Bitcoinica Rackspace server, according to the now-defunct exchange’s founder Zhou Tong. The exchange lost over 38,000 BTC during the spring incident. Bitcoinica itself has, as of two weeks ago, been taken over by Intersango, and the use that the new leadership will put the platform’s code to, if any, is not yet certain. As for Zhou Tong himself, he has decided to leave Bitcoin entirely. The main reason that he gave for leaving is not any lack of confidence in Bitcoin itself – as he ... As The Verge reports, the creator of Bitcoinica, Zhou Tong, promised users a full refund of their money shortly after Bitcoinica’s first big security breach in March 2012.
@TheEndOfMoney interview: Ryan Zhou about Bitcoinica, CoinJar, Ethereum
Share your videos with friends, family, and the world Bitcoinica was an advanced bitcoin trading platform launched in 2011 by a then 19 yr-old programmer named, Ryan Zhou. Here, Zhou tells the story of how his fascination with cryptocurrency lead him ... Bitcoin 2013 Ah true dem nuh kno its from Bitcoinica Chorus: Bam! Bam! (ho) Just Don't get Zhou Tonged Bam Bam Dilla Zhou Tonged (Zhou Tong man) Bam Bam Dilla Bam! Bam! (Zhou Tong man) Now You got No funds (No ... Raw Interview footage from our interview with early-adopter Ryan Zhou who got involved into Bitcoin in 2011. He talks about the early days of crypto, his first company Bitcoinica and CoinJar (a ...