Daily volumes of BTC trade to/from USD and other national currencies (in kBTC):


               !    Fri !   Sat !    Sun !    Mon !   Tue !   Wed !   Thu !    Fri !    Sat !    Sun !
  EXCHANGE     !  01/17 ! 01/18 !  01/19 !  01/20 ! 01/21 ! 01/22 ! 01/23 !  01/24 !  01/25 !  01/26 ! Currencies considered

  MtGOX        |  12.23 |  6.20 |   8.49 |  12.10 |  7.25 |  5.51 |  2.23 |   7.38 |   9.52 |  16.11 | USD,EUR,GBP,AUD,JPY
  BTC-e        |  13.51 |  7.46 |   8.48 |  10.29 |  5.67 | 22.32 |  8.53 |  15.27 |   9.34 |  10.38 | USD,EUR,RUR
  Bitstamp     |  17.11 |  5.49 |   8.42 |   6.97 |  7.67 |  8.31 |  7.40 |  15.78 |   8.70 |   9.70 | USD
  BitFinEx     |  11.47 |  3.81 |   6.63 |   5.46 |  2.89 |  2.97 |  2.83 |  10.99 |   4.62 |   7.88 | USD
  Bitcoin.DE   |   0.61 |  0.27 |   0.23 |   0.39 |  0.45 |  0.69 |  0.42 |   0.52 |   0.30 |   0.34 | EUR
  Kraken       |   0.68 |  0.28 |   0.33 |   0.19 |  0.24 |  0.25 |  0.19 |   0.46 |   0.19 |   0.24 | EUR
  CaVirtEx     |   0.31 |  0.01 |   0.09 |   0.22 |  0.23 |  0.15 |  0.17 |   0.41 |   0.33 |   0.10 | CAD
  CampBX       |   0.16 |  0.04 |   0.04 |   0.10 |  0.09 |  0.05 |  0.08 |   0.13 |   0.04 |   0.05 | USD
  Crypto-Trade |   0.01 |   .   |    .   |   0.01 |  0.01 |   .   |  0.01 |   0.01 |    .   |    .   | USD

  SUBTOTAL     |  56.09 | 23.56 |  32.71 |  35.73 | 24.50 | 40.25 | 21.86 |  50.95 |  33.04 |  44.80 |

  Huobi        |  74.21 | 43.60 |  67.27 |  71.78 | 40.55 | 25.81 | 25.67 |  89.25 |  58.16 |  91.31 | CNY
  OKCoin       |  32.28 | 25.31 |  24.52 |  21.00 | 17.31 | 15.88 | 16.50 |  34.01 |  26.33 |  31.40 | CNY
  BTC-China    |   4.55 |  1.77 |   4.05 |   3.44 |  2.07 |  1.62 |  2.01 |   6.82 |   3.04 |   5.55 | CNY

  SUBTOTAL     | 111.04 | 70.68 |  95.84 |  96.22 | 59.93 | 43.31 | 44.18 | 130.08 |  87.53 | 128.26 |

  TOTAL        | 167.13 | 94.24 | 128.55 | 131.95 | 84.43 | 83.56 | 66.04 | 181.03 | 120.57 | 173.06 |



All numbers were collected by hand from the site http://bitcoinwisdom.com. Beware of possible errors.

For each exchange, the numbers include only the trade volume to/from the currencies listed in the rightmost column. The BTC-e volumes now include retroactively also exchanges to EUR and RUR (together about 1 kBTC/day or less).  Trade between BTC and other cryptocoins, such as LiteCoin, is NOT included.

Coinbase volume is not available, neither at Bitcoinwisdom nor at Bitcoincharts, but they are said to use Bitstamp for currency conversion.

Dates on the header line are UTC. Specifically, "01/15" means "from 01/15 00:00:00 UTC to 01/15 23:59:59 UTC". (Beware that Bitcoinwisdom uses your local time, so the date may appear to be off by 1 day.  For example, if you are 2 hours west of Greenwich, it may show "01/14 22:00" when the UTC time is "01/15 00:00".)

It may be wiser to start an independent entity with a completey different set of people.  The other Foundation board members presumably were brought together by Shrem, were his friends, or brought him in; how can they dissociate the Foundation from him?

In any case, methinks that Bitcoin would need some international Users Association with no exchange members in its board, to set standards for exchanges and rate them for compliance.

Was Shrem's arrest mentioned in TV news yet?

From what I can understand of the Google translation they did not quite ban it, but declared it illegal for use as currency (like China did), forbade banks to handle it (like China did, and banks in most other countries prudently refrained on their own), warned citizens of its high investment risk, and finally scared everybody with "you may find yourself involved in nasty crimes if you try to work with it".   

Can we conclude that this sudden crash to ~750 in the Western exchanges was due to the news of Shrem's arrest?

Huobi was in the middle of a downtrend with occasional hiccups, but clearly it did not start that crash; and it reacted only slightly to it, presumably because of arbitrage trading.

It will be some time before the news of Shrem's arrest are translated and reported in Chinese media -- if they are at all.  Until this morning I had never heard of the guy, and presumably he and the Bitcoin Foundation are totally unnown in China. So perhaps the Chinese markets will just ignore the incident.

Sure, other shady exchanges got busted, and their operators were arrested or on the run. 

But so far the discourse was "those are peripheral incidents by outsiders, the core of the bitcoin movement is a bunch of honest people who are working within the law for the good of mankind." 

It will be rather difficult to say that after this arrest, no?  Who is the core of the Bitcoin movement, if it is not the Foundation?

There may be substantial tolerance for drug use in the US, but I don't think that it extends to drug  traffickers -- that is how the FBI is describing Shrem.

Um, he is not just owner of an exchange, but a founding member of the Bitcoin Foundation? and Marc Karpeles is another? 

Whatever one thinks about the morality or legality of the arrest, I expect it will be very bad for Bitcoin's image.  Many common people will probably stay away from any X when they learn that a top honcho of the  "X Foundation" was charged with criminal use of X.

This mini-crash at Huobi (now over?) started at 19:40 China time.  Some bad news showed on TV perhaps?

Western Bitcoin traders should find a reliable news source in China to make sense of what is the largest and most influential market by far.  While arbitrage trading tends to slow down crashes and rallies at the leading market, will quickly "export" them to other markets.

They don't make crashes like they used to, with the price in free fall leaving behind a single, clean long bloody red trail.  Now the crashes ooze down little by little, hesitatingly, and often turn awry lose the name of Action.

I suppose that it is arbitrage that made the market more viscous, and turned those moments of sheer panic into lazy afternoons of vague uneasiness...

Watching the charts is like watching the waves on the beach, waiting for the one that will flood that castle up on the hill. 

Or the one that will recede far enough to empty the ocean.

If this happens to a well-established British bank

http://en.wikipedia.org/wiki/Barings_Bank#1995_collapse

why would it not happen in an unregulated, unaudited exchange?

This is one of the first articles found by Google:

http://www.theverge.com/2013/8/23/4651926/us-government-seized-5-million-from-bitcoin-behemoth-mt-gox

Probably there are better and more complete accounts out there somewhere.

Picking a nit on a presumed half-joke: you may make friends among the SI (metric system) guardians if you spell the unit names in lower case: "gavin", "satoshi", etc.  Compare with "watt", "tesla", "farad" (rather than "Watt", "Tesla", "Faraday"). 

The symbol may be an uppercase letter, possibly followed by a lowercase letter, eg. "Gv" for "gavin" (compare "Hz" for "hertz"); but avoid combinations that may be confused with prefix+lowercase unit symbol, like "Gm" for "gigameter" or "Mb" for "megabit".

 

Thanks!

Daily volumes of BTC trade to/from USD and other national currencies (in kBTC):


               !    Thu !    Fri !   Sat !    Sun !    Mon !   Tue !   Wed !   Thu !    Fri !    Sat !                     
  EXCHANGE     !  01/16 !  01/17 ! 01/18 !  01/19 !  01/20 ! 01/21 ! 01/22 ! 01/23 !  01/24 !  01/25 ! Currencies considered

  BTC-e        |   7.59 |  13.51 |  7.46 |   8.48 |  10.29 |  5.67 | 22.32 |  8.53 |  15.27 |   9.34 | USD,EUR,RUR         
  MtGOX        |   5.91 |  12.23 |  6.20 |   8.49 |  12.10 |  7.25 |  5.51 |  2.23 |   7.38 |   9.52 | USD,EUR,GBP,AUD,JPY 
  Bitstamp     |   8.22 |  17.11 |  5.49 |   8.42 |   6.97 |  7.67 |  8.31 |  7.40 |  15.78 |   8.70 | USD                 

  BitFinEx     |   3.68 |  11.47 |  3.81 |   6.63 |   5.46 |  2.89 |  2.97 |  2.83 |  10.99 |   4.62 | USD                 
  Bitcoin.DE   |   0.38 |   0.61 |  0.27 |   0.23 |   0.39 |  0.45 |  0.69 |  0.42 |   0.52 |   0.30 | EUR                 
  Kraken       |   0.29 |   0.68 |  0.28 |   0.33 |   0.19 |  0.24 |  0.25 |  0.19 |   0.46 |   0.19 | EUR                 
  CaVirtEx     |   0.26 |   0.31 |  0.01 |   0.09 |   0.22 |  0.23 |  0.15 |  0.17 |   0.41 |   0.33 | CAD                 
  CampBX       |   0.12 |   0.16 |  0.04 |   0.04 |   0.10 |  0.09 |  0.05 |  0.08 |   0.13 |   0.04 | USD                 
  Crypto-Trade |   0.01 |   0.01 |   .   |    .   |   0.01 |  0.01 |   .   |  0.01 |   0.01 |    .   | USD                 

  SUBTOTAL     |  26.46 |  56.09 | 23.56 |  32.71 |  35.73 | 24.50 | 40.25 | 21.86 |  50.95 |  33.04 |                     

  Huobi        |  67.37 |  74.21 | 43.60 |  67.27 |  71.78 | 40.55 | 25.81 | 25.67 |  89.25 |  58.16 | CNY                 
  OKCoin       |  24.82 |  32.28 | 25.31 |  24.52 |  21.00 | 17.31 | 15.88 | 16.50 |  34.01 |  26.33 | CNY                 
  BTC-China    |   3.54 |   4.55 |  1.77 |   4.05 |   3.44 |  2.07 |  1.62 |  2.01 |   6.82 |   3.04 | CNY                 

  SUBTOTAL     |  95.73 | 111.04 | 70.68 |  95.84 |  96.22 | 59.93 | 43.31 | 44.18 | 130.08 |  87.53 |                     

  TOTAL        | 122.19 | 167.13 | 94.24 | 128.55 | 131.95 | 84.43 | 83.56 | 66.04 | 181.03 | 120.57 |                     



All numbers were collected by hand from the site http://bitcoinwisdom.com. Beware of possible errors.

For each exchange, the numbers include only the trade volume to/from the currencies listed in the rightmost column. The BTC-e volumes now include retroactively also exchanges to EUR and RUR (together about 1 kBTC/day or less).  Trade between BTC and other cryptocoins, such as LiteCoin, is NOT included.

The Coinbase volume is not available, neither at Bitcoinwisdom nor at Bitcoincharts.

Dates on the header line are UTC. Specifically, "01/15" means "from 01/15 00:00:00 UTC to 01/15 23:59:59 UTC". (Beware that Bitcoinwisdom uses your local time, so the date may appear to be off by 1 day.  For example, if you are 2 hours west of Greenwich, it may show "01/14 22:00" when the UTC time is "01/15 00:00".)

(I ask because there was a surge of trade volume and price at Huobi after 23:00 local time, when volume usually starts to decrease.)

Does anyone know how bitcoin investment is being promoted in China? Are there TV ads?

There are 10 kinds of people: those who use base 10, those who use base 10, those who use base 10, and those who use base 10.

The CEO of MtGOX is one of the board members of the Bitcoin Foundation...

So who is going to warn the world to stay away from MtGOX?

Well, is this true or not? Most messages on that issue are very negative, eg. in these threads
https://bitcointalk.org/index.php?topic=430833.msg4743147#msg4743147
https://bitcointalk.org/index.php?topic=432477.msg4742920#msg4742920

However there are occasional reports of successful withdrawals.  Which ones should be believed?

If MtGOX does not warn clients upfront about the withdrawal problems, they are effectively a trap for unwary bitcoin owners (e.g. small merchants) who are looking for a place to sell their BTC.  

It may take months for those newbies to realize what is happening.  Meanwhile MtGOX gets to keep (and play with) their bitcoins and their dollars.

Just like the Evil Banks do.