17 Feb '14, 11pm

The Cyprus Of Bitcoin

The Cyprus Of Bitcoin

One of the big stories in the Bitcoin world these days is the crisis at Mt. Gox, the former undisputed king of Bitcoin trading. In recent weeks, the site has been having trouble with withdrawals, and actually all Bitcoin withdrawals have been halted. Users of Mt. Gox can withdraw real currency, but to do that they'd have to sell their Bitcoins on Mt. Gox to someone willing to have theirs frozen on the site until the technical issues are fixed. This has caused a huge plunge in price on the exchange , to the mid $200s. Meanwhile, Bitcoins that are traded elsewhere remain in the mid-$600s. If you are brave, you can buy a Bitcoin on Mt. Gox on the hope that things become unfrozen and make a huge profit. The massive gap obviously reflects a panic and a lack of faith in the site's ability to reconnect with the broader market. Essentially, Mt. Gox has become Cyprus. Remember, in ...

Full article: http://www.businessinsider.com/mt-gox-the-cyprus-of-coin-...

Tweets

#Bitcoin

mtgox.com 20 Feb '14, 10am

Mt. Gox plans to resume Bitcoin transfers after...

arstechnica.com 18 Feb '14, 12am

Bitcoin exchange Mt. Gox plans to lift its suspension of external Bitcoin transfers soon after fixing a weakness in its ac...

Mt. Gox: Bitcoin Withdrawals Will Resume Soon

Mt. Gox: Bitcoin Withdrawals Will Resume Soon

coindesk.com 17 Feb '14, 11am

Mt. Gox has issued an official statement saying it has found a workaround for its bitcoin transaction malleability problem...

Mt. Gox will resume withdrawals ‘soon’ after cr...

thenextweb.com 17 Feb '14, 12pm

Bitcoin exchange Mt. Gox hopes to resume withdrawals “soon” after developing a fix for a vulnerability that allowed users ...

What You Need to Know About Mt. Gox and the Bit...

spectrum.ieee.org 16 Feb '14, 8pm

Here's what a terrible week looks like in the world of Bitcoin : Two of the most trafficked Bitcoin exchanges, Mt. Gox and...

Bitcoin plunges 50% on Mt. Gox to hit USD230 as...

investing.com 16 Feb '14, 1pm

Investing.com - Bitcoin prices lost half their value to hit USD230 on the Tokyo-based Mt. Gox Exchange on Sunday, as trade...

Mt. Gox Announces Downtime for Bitcoin Deposits

coindesk.com 15 Feb '14, 11am

Mt. Gox has stopped bitcoin deposits and all internal bitcoin transfers for a short site maintenance update, roughly from ...

Bitcoin Exchange Mt. Gox Is Finished

Bitcoin Exchange Mt. Gox Is Finished

zerohedge.com 20 Feb '14, 4pm

Bitcoin is no longer in Phase 1 of its evolutionary cycle. I believe Phase 2 for Bitcoin began in earnest back in November...

'Mt. Gox, where is our money?'

'Mt. Gox, where is our money?'

theverge.com 19 Feb '14, 4pm

Bitcoin trader Kolin Burges started the protest last week, flying from London to seek answers about Mt. Gox's ongoing mora...

Bitcoin for idiots: An introductory guide

venturebeat.com 17 Feb '14, 5pm

Bitcoin enthusiasts such as Adam Draper, who runs a Bitcoin startup accelerator called Boost.vc , say merchant adoption is...

Mt. Gox Bitcoin Price Falls Below its Post-Chin...

coindesk.com 14 Feb '14, 12am

Update (4:30 GMT): The price of bitcoin on Mt. Gox had registered a new daily low of $302. After a few days of shaky stabi...

BITCOIN! BITCOIN! REAL MONEY UNDERNEATH. CRYPTO...

twitter.com 21 Feb '14, 3am

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

Poll: Would you buy Bitcoin?

venturebeat.com 17 Feb '14, 7pm

We’ve just released a huge Idiot’s Guide to Bitcoin , and a lot of you have read it already. Now that y’all know the ins a...

What You Need to Know About Mt. Gox and the Bit...

spectrum.ieee.org 13 Feb '14, 3pm

Here's what a terrible week looks like in the world of Bitcoin : Two of the most trafficked Bitcoin exchanges, Mt. Gox and...

Mt Gox CEO Mark Karpeles Responds To Widespread...

forbes.com 13 Feb '14, 8am

Mt Gox chief executive Mark Karpeles – whom some internet forum commenters have angrily criticized after the exchange blam...