The Arisebank deal imploding has nothing to do with bitcoin itself, and is actually probably a non factor in bitcoin diving this deep. The Arise bank drama is related to bitshares and the founder of it not doing his due diligence on what was clearly a scam. Jared Rice is a con artist and a lunatic and shouldn't be anywhere near a fantastic project like BitShares.
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the price of bitcoin rises because people trust in the cryptocurrency and with government uprisings against cryptocurrencies seeking to regulate or manipulate them, as now the closure of AriseBank causes people to lose confidence in bitcoin. that its price goes down; Regarding the issue of Jared Rice, I invite you to read the article of @ taskmaster4450 who has a very open perspective on the subject and explains very well what happened as well as @stan who makes a lot of reference during the reading there they say something else about Jared Rice
https://steemit.com/bitshares/@taskmaster4450/mob-mentality-on-display-and-bitshares-loses-a-good-man-good-job-people/
Interesting. I tried to get into the Arise pre-sale, and got an email saying "send 0 ETH to this address" and reported it to their support team. That wasn't the only bug I noticed. The support guy was nice, he said he'd honor the "0 ETH" and sent me an email indicating that I'd have some Arise when it went live.
Didn't even consider purchasing any more, due to the typos -- my thinking being, if they're that sloppy with their textual output, they're likely also hiring sloppy developers.