my fintech empire.

Chapter 492 [Mt.Gox declares bankruptcy]

Behind Blue Fox International is Qunxing Capital to provide strong financial support, which is the fundamental guarantee for the maintenance of security forces.

The average individual equipment configuration of an ordinary member is about 2.2 US dollars. Of course, different arms require different equipment configurations, and the cost is also different.

Fang Hong's request to Blue Fox International is that it must expand to 1000 front-line employees within this year, and expand to 5000 employees in the next three years. The number of members must reach around 6500.

The final membership size of Blue Fox International should be maintained at about 1 people, which can be regarded as the size of a strengthened synthetic brigade, and it is almost enough.

If the local business development is good and more security is needed, just expand the staff.

The scale of Blue Fox International mainly depends on the scale of Qunxing Capital's local business development, and the two are positively correlated.

There is no doubt that once such a security force is built, not to mention walking sideways in the local area, it will basically not be afraid of any threats. The only threat can be said to be Bei Yue or Lao Mei himself.

Now that he is playing in the "agent" mode, it is impossible to end in person. At most, Heishui will come forward.

But Heishui is definitely not stupid, and he dare not accept such an order.

A security force like Blue Fox International, apart from having no title, is almost a standard established force, and is well-equipped. In the future, it will even be equipped with airports and air forces.

With a scale of 1 people, this is not a security force that ordinary people can afford.

The salaries and bonuses for these members alone have to go up to 30 billion US dollars a year, and if you want to maintain stable operations, it is not easy to spend less than [-] billion US dollars a year.

Especially for equipment, the maintenance cost is often greater than the purchase cost in many cases, because maintenance is long-term.

However, even an annual expenditure of more than 100 billion yuan is a trivial matter for Qunxing Capital.

All in all, there is not enough security force to guarantee market development and investment in overseas turbulent areas, and the investment will be fat sheep waiting to be slaughtered. These necessary expenditures cannot be avoided.

After this security force enters the African region and has a firm foothold, Qunxing Capital can send employees there to explore the market, including setting up various financial business services. , on behalf of related multinational companies to start various businesses.

In addition to the establishment of financial services, it naturally also includes many mining contracting companies, manufacturing commodity export companies, and so on.

The first thing these multinational companies did after they passed was to seek security entrustment from Blue Fox International, which peddled security services, especially some local contracted mine business, which happened to be very turbulent there.

Then pay a fee, and ask Blue Fox International to provide security guarantees to ensure the smooth operation of the mine.There are large-caliber machine guns and mortars at the intersection of the mine to persuade them to retreat. Not all cats and dogs can dare to do things.

As long as the funds are in place, Harold Leo can handle member expansion and equipment procurement. The initial budget for the equipment that Blue Fox International wants to purchase is 20 billion US dollars, which is a large order.

There are so many arms companies in the world, as long as the money is in place, there is no need to worry about not being able to get equipment.

It can be said that among the many problems of Blue Fox International, after the loyalty problem of its main manager was solved by Fang Hong with a system plug-in, there is no need to worry about the future, and all the remaining problems can basically be solved with money.

The affairs of Blue Fox International are progressing steadily, and any new progress news will be sent to Fang Hong.

……

Let's talk about the encrypted digital currency market.

After going out of the epic nine-game skyrocketing and hitting an unprecedented price of $302.56, Bitcoin finally ushered in a sharp drop the next day. On July 7th, the price of Bitcoin plunged to $5 in the intraday price. The biggest intraday drop reached the -171.92% water level.

However, after the sharp drop, when everyone thought that it was going to be cut in half within the day, the price of Bitcoin stopped falling and rebounded after falling -39.94%. When it rebounded sharply, someone bought from the bottom and made a profit of 26 percentage point.

Finally, the price of Bitcoin closed at 216.97 yuan today, down -24.20%.

In the next three days, the trend of Bitcoin was directly reversed, and it rose by +8.54%, 10.73% and +10.35% respectively in the three days. It closed at $7 on July 8, the highest price of the day. It rushed up to 287.75 US dollars, which was about 300.49 US dollars short of a record high.

As a result, it failed to hit a new high and staged a flash crash again on July 7. It plunged -9% during the session, but was pulled back to the price of $38.79, closing down -237.85%.

Players in the currency circle now only worship Bitcoin. Every time they feel that it is going to die, the result is that it does not die.

On July 7th, the high Yinxian line poured down and one was about to collapse. As a result, when it closed up, it rebounded three consecutive positives and almost reached a new high. Today’s big Yinxian line is almost the same as July 5th. It collapsed, but it rebounded again.

According to the trend on July 7th as a reference, the next step should be to continue to rebound upwards. Many participants have formed path dependence and boldly go long according to the trend after July 5th.

It turned out to be a big deal!
On July 7th, the Mt.Gox trading platform began to show signs of explosion. This is currently the largest encrypted digital currency trading platform in the world.

During this period, a large number of users began to report on the Internet that they encountered problems such as difficulties in performance and frozen funds on the Mt.Gox trading platform.Although the management team of Mt.Gox has repeatedly guaranteed the safety of funds on the platform, everyone began to panic.

In fact, the Mt.Gox management team encountered more and more troubles. Users who lost 75 bitcoins from the platform began to "force the palace" to the Mt.Gox trading platform on a large scale.

When the previous nine consecutive skyrocketing, these users were still emotionally stable, after all, the nominal value was constantly increasing and skyrocketing.

But things are different now.

They are in a hurry!

Because the trend of Bitcoin is a bit impulsive, and it may even crash at any time. The original ten-fold return may soon return to zero. Can you not be in a hurry?

As a result, more and more users demanded that the Mt.Gox trading platform either compensate for losses or compensate for Bitcoin.

Not to mention the price of $300, even at the current price of $237.85, if 75 bitcoins are to be compensated, the Mt. Gox trading platform needs to spend $1.78 million.

There is no doubt that the Mt.Gox platform cannot afford to pay, even if it is 2000 million US dollars.

……

On the second day, that is, July 7, a piece of news appeared today that shocked the entire currency circle.

Mt.Gox officially filed a bankruptcy application with the Japanese court, and disclosed the hacking incident for the first time. The number of bitcoins "lost" on the trading platform, the person in charge claimed that a total of 85 bitcoins were "lost", of which 10 One is from the company, and another 75 are from users.

Based on yesterday's price of $237.85, that's a loss of $1.9 million.

Mt.Gox was simply unable to compensate users for their losses, and declared bankruptcy on the same day. The owners of 75 bitcoins saw the news of Mt.Gox declaring bankruptcy and petrified immediately.

At the same time, the price trend of Bitcoin directly collapsed today, and the participants who were long and expected to rise in anti-package also petrified in situ.

……

(End of this chapter)