18 Apr '13, 8am

US Bitcoin exchange BitFloor shuts down again

The largest Bitcoin exchange in the U.S., BitFloor, has closed again, this time due to issues with its bank account, according to its founder. Roman Shtylman wrote that the exchange’s “US bank account is scheduled to be closed and we can no longer provide the same level of USD deposits and withdrawals as we have in the past.” “As such, I have made the decision to halt operations and return all funds,” he wrote, adding that over the next few days he will work to refund deposits but that people should be patient. The exchange will be shut “indefinitely.” Efforts to reach Shtylman were not immediately successful. Shtylman told IDG News Service last week that his exchange, which lets people buy the virtual currency, experienced technical problems and saw its highest trading volumes and number of users ever. The price of bitcoins surged to $266 on April 10. However, ongoing cyb...

Full article: http://www.pcworld.com/article/2035661/us-bitcoin-exchang...

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