30 Jul '13, 10pm

Bitcoin Exchange Mt. Gox Still Grappling With Slowdown - Wall Street Journal (blog)

Bitcoin Exchange Mt. Gox Still Grappling With Slowdown - Wall Street Journal (blog)

Mt. Gox, the biggest exchange for trading the virtual currency bitcoin, is still trying to recover from legal and regulatory blows in the past few months, and the the company acknowledges it’s still slow in processing requests from customers who want to withdraw money from their accounts. Redemption requests “are not being processed as fast as we would like,” Mt. Gox representative Thomas Glucksmann-Smith wrote in an email response to inquiries from MoneyBeat, “but we are working hard to solve this and we are still managing to send people their funds.” The company halted withdrawals for two weeks in June in order to install new systems, but processing redemptions has remained constrained, even after the company announced that it had “fully resumed” withdrawals early in July. Mark Karpeles, CEO of Mt. Gox parent Tibanne Co. Bloomberg News Bitcoin is a virtual currency that ...

Full article: http://blogs.wsj.com/moneybeat/2013/07/30/bitcoin-exchang...

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