15 Feb '14, 9pm

Bitcoin’s largest exchange is dying. Here’s why that’s not a problem for Bitcoin.

Bitcoin’s largest exchange is dying. Here’s why that’s not a problem for Bitcoin.

The Japanese exchange Mt. Gox has long been one of the Bitcoin community's most prominent institutions. It has also been one of its biggest PR headaches. In 2011, the value of a bitcoin soared from less than $1 to more than $32. Much of this trading occurred on Mt. Gox, which found itself unable to keep up with the demand. The servers began to freeze up, helping to trigger a collapse in the currency's value. By November, one bitcoin was worth just $2. A similar scenario played out in 2013. As the price of one bitcoin soared from $13.50 to $266, Mt. Gox's servers started to buckle under the strain, helping spark a wave of panic selling that pushed the price back down to around $50. Getting overloaded due to excess demand is a nice problem to have. Mt. Gox's other problems have been more serious. Last year, the exchange announced a deal for the Bitcoin start-up CoinLab to ma...

Full article: http://www.washingtonpost.com/blogs/the-switch/wp/2014/02...

Tweets

Bitcoin isnt a scam? "@TheNextWeb: Bitcoin: It’...

twitter.com 16 Feb '14, 8am

To bring you Twitter, we and our partners use cookies on our and other websites. Cookies help personalize Twitter content,...

It's a scam stupid Bitcoin: It’s the platform, ...

twitter.com 16 Feb '14, 12am

To bring you Twitter, we and our partners use cookies on our and other websites. Cookies help personalize Twitter content,...

Biggest Bitcoin Exchange Restores Service - Wal...

online.wsj.com 15 Feb '14, 4pm

Bitstamp, the Slovenia-based manager of the world's largest bitcoin exchange, said Saturday it has restored automated cust...

Reports: Bitcoin exchange restores service - US...

usatoday.com 15 Feb '14, 11pm

Reports: Bitcoin exchange restores service Bitcoin's largest exchange service, Bitstamp, has restored automated customer w...

Bitcoin: It’s the platform, not the currency, s...

thenextweb.com 15 Feb '14, 4pm

Similar to when the TCP/IP, HTTP and SMTP protocols were still in their infancy; the Bitcoin protocol is currently in a si...

Bitcoin: It’s the platform, not the currency, s...

thenextweb.com 15 Feb '14, 4pm

Similar to when the TCP/IP, HTTP and SMTP protocols were still in their infancy; the Bitcoin protocol is currently in a si...

Bitcoin: It’s the platform, not the currency, s...

thenextweb.com 15 Feb '14, 4pm

Similar to when the TCP/IP, HTTP and SMTP protocols were still in their infancy; the Bitcoin protocol is currently in a si...

As Exchange Withdrawal Restrictions Ease, Bitcoin’s Price Snaps Northward

As Exchange Withdrawal Restrictions Ease, Bitco...

techcrunch.com 14 Feb '14, 7pm

It has been a rough time for Bitcoin these past few days , as three major exchanges halted withdrawals in the face of an i...

Bitcoin exchange Bitstamp says it will enable w...

thenextweb.com 14 Feb '14, 1pm

Bitstamp , one of the largest Bitcoin exchanges in the world, plans to enable withdrawals again later today. The Slovenia-...

Thailand’s top Bitcoin exchange resumes trading...

thenextweb.com 17 Feb '14, 6am

Last July, Thailand’s top Bitcoin exchange shut down following pressure from the Bank of Thailand. Now, more than six mont...

A look at how the bitcoin economy works

twitter.com 17 Feb '14, 11am

To bring you Twitter, we and our partners use cookies on our and other websites. Cookies help personalize Twitter content,...

Thailand’s top Bitcoin exchange resumes trading...

thenextweb.com 17 Feb '14, 6am

Last July, Thailand’s top Bitcoin exchange shut down following pressure from the Bank of Thailand. Now, more than six mont...

DealBook: Bitcoin Exchange Struggles

dealbook.nytimes.com 10 Feb '14, 4pm

Mt. Gox, a Japanese company, was previously the largest Bitcoin exchange in the world. A major player in the Bitcoin unive...

DealBook: Bitcoin Exchange Struggles

dealbook.nytimes.com 10 Feb '14, 4pm

Mt. Gox, a Japanese company, was previously the largest Bitcoin exchange in the world. A major player in the Bitcoin unive...