Domestic courts accept Bitcoin theft case for the first time, trading platform security cannot be ignored

On July 25, the domestic court accepted the first case of Bitcoin theft. Mr. Shi, a user of Bibei.com, filed a lawsuit. Because the Bitcoin stored in Bibei.com for financial management was stolen, Mr. Shi sued the operator of Bibei.com, Beijing Bibei Technology Co., Ltd., to the court. In recent years, the status of Bitcoin in China has undergone tremendous changes. In 2013, the central bank issued the "Notice on Preventing Bitcoin Risks", which clearly stated that Bitcoin is a specific virtual commodity. On June 27, 2016, the "General Provisions of the Civil Law of the People's Republic of China (Draft)" stated that digital currencies represented by Bitcoin, virtual currencies represented by online game coins, and data information represented by big data will be officially recognized as objects of civil rights.

Image provided by https://www.okcoin.cn

From the price of Bitcoin breaking through 5,000 yuan in June to a two-year high, to Citibank's report that Bitcoin is a complement to banks rather than a challenge, to the blockchain technology behind it attracting the attention of US President Hillary. After more than 7 years, Bitcoin has proved to be quite valuable with its advantages as a medium of exchange and the intrinsic value of currency, and it is more substantial for those who seek to protect their property in these more turbulent economic times. When people actually study Bitcoin and discover the impressive value provided by this digital currency, they will no longer snicker at Bitcoin, but see more of the intrinsic value of Bitcoin.

In recent years, more and more people have invested in Bitcoin. According to statistics, there are tens of millions of people who own Bitcoin in the world, of which Chinese users account for more than half. Among such a large number of people, the compliance and security of Bitcoin trading platforms are particularly important. It is understood that OKCoin is the largest Bitcoin trading platform in China. In terms of the professional level of the company team, OKCoin has a professional development technology team, financial product team and technical security experts in the industry, and is committed to providing investors with safe, fast and stable blockchain asset transactions. Everyone is passionate about their careers. The team members mainly come from companies such as Google, Alibaba, and Baidu, and most of them have accumulated many years of work experience in listed companies.

Compared with the vast majority of domestic trading platforms run by individuals, the Bitcoin trading platform OKCoin has industrial and commercial registration and has obtained the enterprise record of the Ministry of Industry and Information Technology, which greatly improves the trust of the platform. In order to ensure the security of transactions and funds, the OKCoin Bitcoin trading platform has set up a secondary verification. All operations related to fund changes must be verified by SMS or Google identity verification. The bank-level security system ensures the security of user funds. In order to ensure transaction security, the OKCoin platform follows the design principles of the Bitcoin network. After receiving 1 confirmation, the recharge is successful, and it provides the function of real-time monitoring of the number of confirmations, so that users can clearly understand the status of Bitcoin recharge.

The bitcoins in the OKCoin platform account are stored offline, which guarantees the security of funds to the maximum extent. In addition, SSL encryption is used for transmission. All data transmitted on the Internet is encrypted by the SHA256 encryption algorithm to ensure that the data will not be intercepted maliciously. Advanced Internet technologies such as bank-level SMS authentication, global load balancing (GBSL), and distributed servers have greatly improved the security and stability of the server.

OKCoin's investment advice on Bitcoin:

"The Bitcoin trading market has no price limits, and it is traded 24/7 worldwide, with prices completely determined by the market. In this trading situation, looking at historical trading data, we can see that Bitcoin prices have both skyrocketed and plummeted. Therefore, Bitcoin investment is high-risk and high-return, requiring careful and self-disciplined control. Ordinary people are only suitable for investing in Bitcoin with a small amount of money.