Bitcoin has dropped in value from $1200 to $496. Was Mt. Gox really a mountain, or just a pebble?
Two sides to every story.
Might want to take a look at Bitstamp... another exchange that has had some problems, but is still trading.
A more extensive "warning" and explanation here...
http://www.marketwatch.com/story/regulator-to-sound-alarm-on-bitcoin-2014-02-24?link=MW_latest_news
and one more.... malware "Pony" stealing bitcoin wallets.
Two sides to every story.
Mt.Gox site disappears, Bitcoin future in doubt - Feb. 25, 2014What was once the world's largest trading platform for bitcoins is now a blank page.
The Bitcoin-trading website Mt.Gox was taken offline late Monday, putting at risk millions of dollars put there by investors who gambled on the digital currency.
The news frightened Bitcoin investors elsewhere, knocking the price down about 3% to $496 -- its lowest level since November.
For now, there's no telling what's behind the shutdown. However, an unverified document called "Crisis Strategy Draft" that is being circulated online claims Mt.Gox has lost 744,408 of its users bitcoins, worth nearly $367 million. It also claims Mt.Gox is planning to rebrand itself as Gox.
Mt.Gox has been mired in problems ever since Feb. 7, when it halted withdrawals from its trading accounts. The company's computer programmers hadn't accounted for a quirk in the way Bitcoin works, allowing cyber attackers to dupe Mt.Gox with a scheme resembling receipt fraud. When Mt.Gox discovered it was under attack, it stopped any investors from pulling their money out of their trading platform -- but it has yet to allow them access to their money.
Might want to take a look at Bitstamp... another exchange that has had some problems, but is still trading.
A more extensive "warning" and explanation here...
http://www.marketwatch.com/story/regulator-to-sound-alarm-on-bitcoin-2014-02-24?link=MW_latest_news
and one more.... malware "Pony" stealing bitcoin wallets.
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