Chapter 492 [MtGox Declares Bankruptcy]
4x declared bankruptcy]
Blue Fox International has strong financial support from Qunxing Capital, which is the fundamental guarantee for the maintenance of security forces.
The average equipment configuration of an ordinary member is about 22,000 US dollars. Of course, different arms require different equipment configurations and costs.
Fang Hong’s requirement for Blue Fox International is that it must expand to 1,000 front-line employees this year and 5,000 in the next three years. These are front-line employees. Together with other non-front-line members, the entire Blue Fox International must reach a scale of about 6,500 members.
The final size of Blue Fox International members must be maintained at around 10,000, which is the size of a reinforced synthetic brigade, which 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 is basically not afraid of any threat. The only threat can be said to be North Yue or the Americans themselves.
Now they are playing the "agent" model. It is unlikely that they will personally take part in the game. At most, they will let Blackwater come forward.
But Blackwater is definitely not stupid, and they dare not take such orders.
Security forces like Blue Fox International, except for the lack of titles, are almost standard and well-equipped. In the future, they will even have airports and air forces.
With a scale of 10,000 people, this is not a security force that ordinary people can afford.
The annual salary and bonuses for these members alone have to go to 3 billion US dollars, and if you want to maintain stable operations, you can't do it without spending 10 billion US dollars a year.
Especially in the equipment area, the maintenance cost is often greater than the purchase cost, because maintenance is long-term.
However, even if the annual expenditure is more than 10 billion, it is a small matter for Qunxing Capital.
In short, if you open up markets and carry out investments in turbulent overseas regions without sufficient security forces as a guarantee, you will be a fat sheep waiting to be slaughtered after the investment, and these necessary expenses cannot be saved.
After this security force enters Africa and establishes a firm foothold, Qunxing Capital can send employees there to develop the market, including opening various financial business services. Even so, Qunxing Capital will not come forward directly, but will still start from behind the scenes and hold relevant multinational companies to open various businesses.
In addition to the opening of financial businesses, it naturally includes many mining contracting companies, manufacturing commodity export companies, etc.
The first thing these multinational companies do after they go there is to seek security commissions from Blue Fox International, which sells security services, especially some businesses that want to contract local mines, which happen to be very turbulent.
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 people to retreat. Not everyone can dare to cause trouble.
As long as the funds are in place, Harold Leo can solve the expansion of members and equipment procurement. The scale of equipment that Blue Fox International wants to purchase is a budget of 2 billion US dollars, which is definitely a large order.
There are so many arms companies around the world. As long as the money is in place, there is no worry about not getting equipment.
It can be said that among the many problems of Blue Fox International, after the loyalty problem of its main managers was solved by Fang Hong using the system plug-in, there was no worry, and all the remaining problems could basically be solved with money.
Blue Fox International's affairs are progressing steadily, and any new progress news will be sent to Fang Hong.
...
Let's talk about the encrypted digital currency market.
After Bitcoin went through an epic nine-day surge and hit an unprecedented price of $302.56, it finally ushered in a big drop the next day. On July 5, the price of Bitcoin plunged to $171.92 during the trading session, and the maximum intraday decline reached -39.94%.
However, after the plunge, when everyone thought that the price would be cut in half and start to collapse within the day, the price of Bitcoin stopped falling and rebounded after a sharp drop of -39.94%. During the sharp rebound, some people bought from the bottom and made 26 percentage points.
In the end, the price of Bitcoin closed at 216.97 yuan today, down -24.20%.
In the next three days, Bitcoin's trend directly reversed upward, rising by +8.54%, 10.73% and +10.35% respectively in three days, closing at $287.75 on July 8. The highest price of the day once rushed to $300.49, just about $2 away from setting a new record high.
As a result, the new high failed and it staged a flash crash again on July 9, plummeting by -38.79% during the session, but was pulled back to $237.85, closing down -17.34%.
Players in the currency circle now worship Bitcoin, and every time they think it is going to die, it turns out not to die.
On July 5, the high-level big Yin line poured down and was about to collapse, but it closed up and immediately rebounded with three consecutive Yang lines, almost setting a new high. Today's big Yin line is almost the same as July 5, thinking that it should collapse this time, but it rebounded again.
Based on the trend on July 5, the next step should be to continue to rebound upward. Many participants have formed path dependence and boldly go long according to the trend after July 5.
As a result, they are in big trouble!
On July 10, the Mt.Gox trading platform began to show signs of collapse. This is currently the largest cryptocurrency trading platform in the world.
During this period, a large number of users began to report online that they encountered problems such as difficulty in withdrawal and frozen funds on the Mt.Gox trading platform. Although the Mt.Gox management team has repeatedly guaranteed the safety of the platform's funds, everyone began to panic.
In fact, the troubles encountered by the Mt.Gox management team are getting bigger and bigger. Users who have lost 750,000 bitcoins on the platform have begun to "force the palace" on the Mt.Gox trading platform on a large scale.
When the previous nine consecutive surges, these users were still emotionally stable, after all, the nominal value was constantly rising and soaring.
But the situation is different now.
They are getting anxious!
Because the trend of Bitcoin is a bit unpredictable, and it may even collapse at any time, the original more than ten times of income may soon return to zero. How can they not be anxious?
As a result, more and more users demanded that Mt.Gox either compensate for the loss or compensate in Bitcoin.
Let alone the price of $300, even at the current price of $237.85, if 750,000 Bitcoins are to be compensated, Mt.Gox will need to pay $178 million.
There is no doubt that Mt.Gox cannot afford to pay, not even $20 million.
…
The next day, July 11, a piece of news came out today, shocking the entire currency circle.
Mt.Gox officially filed for bankruptcy in the Japanese court, and for the first time disclosed the hacker attack incident, the number of Bitcoins "lost" by the trading platform, and its person in charge claimed that a total of 850,000 Bitcoins were "lost", of which 100,000 were from the company and the other 750,000 were from users.
Based on yesterday's price of $237.85, the loss was $190 million.
Mt.Gox was completely unable to compensate users for their losses and declared bankruptcy on the same day. The owners of the 750,000 bitcoins were petrified when they saw the news of Mt.Gox's bankruptcy.
At the same time, the price trend of Bitcoin collapsed today, and participants who were long and expected a rebound were also petrified.
…