After the collapse of one of the biggest bitcoin exchange platforms in the world, Mt. Gox, the question has been asked: can it be salvaged? Well, a group of investors is looking to acquire the bitcoin exchange for one bitcoin, which is worth roughly $400. The Wall Street Journal … [Read more...]
Bank of Thailand urges citizens to look at Mt. Gox to see bitcoin risks
The present status of bitcoin in Thailand remains to be confusing to say the least. After shutting down the nation’s largest bitcoin exchange platform, bitcoin.co.th, and then ultimately banning the digital currency, authorities allowed the website to resume operations and thus … [Read more...]
BTC-e, Bitstamp handling 75% of trades amid Mt. Gox collapse
After the collapse of one of the largest bitcoin exchange platforms in the world, Mt. Gox, numerous bitcoiners have looked elsewhere to handle their digital currency holdings. Bitcoin exchanges BTC-e and Bitstamp are taking advantage of Mt. Gox’s losses and presently handling a … [Read more...]
Is using the hand of government for bitcoin thefts justified
With three bitcoin exchanges shutting down after experiencing thefts worth hundreds of millions of dollars, some in the bitcoin community are urging government regulation and intervention to protect consumers. It was reported Sunday that Mt. Gox, one of the world’s biggest exchange … [Read more...]
Mt. Gox is not bitcoin: mainstream media outlets call Armageddon for bitcoin
If anyone outside of the bitcoin community would have listened to various mainstream media outlets this week, one would think that the virtual currency market has imploded, investors have lost their entire net wealth a la 1929’s Black Tuesday and critics have been proven correct. This … [Read more...]
Japan authorities looking at possible intervention after Mt. Gox implosion
Since the triumphant ascension of the cryptocurrency industry, its proponents have long urged the federal governments and the central banks of the world to stand back, refrain from regulations and just mind their own business. However, things might have changed after Tuesday's … [Read more...]
Marc Andreessen gloats on Twitter as bitcoin swiftly rises in value after Mt. Gox debacle
After the potential insolvency of Mt. Gox, one of the world’s biggest bitcoin exchange platforms, many have speculated that this could very well be the end of the digital currency. However, a collapse doesn't appear to be in sight because bitcoin has risen from around $400 to as high … [Read more...]
Mt. Gox vanishes – Should Japanese authorities intervene in Mt. Gox insolvency
Bitcoin holders are scratching their heads Tuesday morning after one of the world's biggest bitcoin exchange platforms, Mt. Gox, might have vanished off of the Internet forever, its founder gone and its Tokyo-based office empty. Mt. Gox officials have not responded to telephone calls, … [Read more...]
Larry Summers: Bitcoin has potential ‘to be a very, very important development’
Former United States Treasury Secretary and Federal Reserve Chair candidate Larry Summers sat down with Morning Money during the National Association for Business Economics policy conference and the former Obama administration official was asked about bitcoin. His answer was a … [Read more...]
Bitcoin speculators purchasing rights to Mtgox accounts amid price decline
Is this the last great buying opportunity or a signal that bitcoiners need to help shut down the Tokyo-based Mt. Gox exchange through the tools of the market? The company has repeatedly stated that it's working to fix a software glitch, which means users have been unable to withdraw … [Read more...]
Bitcoin bubble or new all time high with malleability resolution – you be the judge
Bitcoin (BTC) has undergone a tumultuous two weeks after a few cryptocurrency exchanges reported technical malfunctions, particularly Mt. Gox. The value of bitcoin has fallen to as low $102 following a flash crash and has since steadily stayed between $600 and $650 per one bitcoin. … [Read more...]
Bitcoin desperately needs a transparent US exchange – could government regulation help
This week, bitcoin (BTC) has dominated the headlines after numerous digital currency exchanges have shut down their services after experiencing denial of service (DOS) attacks. This has caused the value of bitcoin to drop to less than $650 – there was also a flash crash that saw … [Read more...]
Don’t plan on withdrawing Bitcoin from Mt Gox any time soon
So much for Bitcoin's (BTC) month of perpetual stability. After a month of steady prices – bitcoin averaged somewhere between $800 and $900 throughout January – the digital currency dropped 20 percent to as low as $680.50 Thursday evening. The virtual currency has since gone back … [Read more...]
