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 Bitcoin exchange Mt. Gox's website down

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Bitcoin exchange Mt. Gox's website down Vide
PostSubject: Bitcoin exchange Mt. Gox's website down   Bitcoin exchange Mt. Gox's website down Icon_minitimeTue Feb 25, 2014 2:36 am

The website of Mt. Gox appears to be taken down, shortly after six major Bitcoin exchanges released a joint statement distancing themselves from the troubled Tokyo-based bitcoin exchange.

Bitcoin exchange Mt. Gox's website down Chart

Mt. Gox's homepage was not loading, although no error message appeared. Bitcoin exchanges allow their users to trade bitcoins for U.S. dollars and other currencies.

"This tragic violation of the trust of users of Mt.Gox was the result of one company's actions and does not reflect the resilience or value of bitcoin and the digital currency industry," the companies - Coinbase, Kraken, Bitstamp, BTC China, Blockchain and Circle - said in the statement. (link.reuters.com/kuh27v)

Mt. Gox was not immediately available for comment.

"As with any new industry, there are certain bad actors that need to be weeded out, and that is what we are seeing today. Mt. Gox has confirmed its issues in private discussions with other members of the bitcoin community," the companies said.

Earlier in February, Mt. Gox, the best-known digital marketplace operator, said it was halting withdrawals indefinitely after it detected "unusual activity."

On Sunday, Mark Karpeles, chief executive of Mt. Gox, resigned from the board of the Bitcoin Foundation, in a blow to the digital currency. Mt. Gox had once been the largest exchange handling bitcoins.

The resignation followed a number of technical issues, including a massive cyber attack from unknown sources that has been spamming bitcoin exchanges.

Tokyo-based Mt. Gox was a founding member and one of the three elected industry representatives on the board of the Bitcoin Foundation.

Alabama's securities regulator said he will issue an alert on Tuesday, cautioning consumers and investors to stop trading on bitcoin exchanges or adding to their accounts if they are having trouble redeeming the digital currency or cashing out.

"There are hundreds of trustworthy and responsible companies involved in bitcoin. These companies will continue to build the future of money by making bitcoin more secure and easy to use for consumers and merchants," the six Bitcoin exchanges said in the joint statement.

http://in.reuters.com/article/2014/02/25/us-mtgox-website-idINBREA1O07920140225
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Bitcoin exchange Mt. Gox's website down Vide
PostSubject: Re: Bitcoin exchange Mt. Gox's website down   Bitcoin exchange Mt. Gox's website down Icon_minitimeTue Feb 25, 2014 3:04 am

It's out with Gox and in with BitStamp.


Bitcoin exchange Mt. Gox's website down Chart
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Bitcoin exchange Mt. Gox's website down PgkowJT
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Bitcoin exchange Mt. Gox's website down Vide
PostSubject: Re: Bitcoin exchange Mt. Gox's website down   Bitcoin exchange Mt. Gox's website down Icon_minitimeTue Feb 25, 2014 3:09 am

Bitcoin exchange Mt. Gox's website down Chart



TIMBEEEEEEEEEEEEER!

 ROFL
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Anarcho-Capitalist, AnCaps Forum, Ancapolis, The Dark Side, OZschwitz Contraband
“The state calls its own violence law, but that of the individual, crime.”-- Max Stirner
"Remember: Evil exists because good men don't kill the government officials committing it." -- Kurt Hofmann
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RR Phantom

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Location : Wabbit Hole
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Bitcoin exchange Mt. Gox's website down Vide
PostSubject: Re: Bitcoin exchange Mt. Gox's website down   Bitcoin exchange Mt. Gox's website down Icon_minitimeTue Feb 25, 2014 3:57 pm

Hundreds of millions in bitcoins disappears


Hundreds of millions of dollars have gone missing as one of the world's largest virtual currency exchanges has seemingly disappeared.

A coalition of virtual currency companies said on Tuesday (Wednesday NZ time) that Tokyo-based Mt. Gox went under after secretly racking up catastrophic losses of bitcoins.

It delivers a severe blow to the virtual currency as it struggles to gain legitimacy.

Mt. Gox's website was returning a blank page. The disappearance of the site follows the resignation on Sunday of Mt. Gox CEO Mark Karpeles from the board of the Bitcoin Foundation, a group seeking legitimacy for the exotic new form of money. The exchange had imposed a ban on withdrawals earlier this month.

Prominent supporters of bitcoin - including San Francisco-based wallet service Coinbase and Chinese exchange BTC China - sought to shore up confidence in the currency by saying Mt. Gox's collapse was an isolated case of mismanagement. They said it had abused users' trust, but did not offer details.

"As with any new industry, there are certain bad actors that need to be weeded out, and that is what we are seeing today," the statement said.

http://www.stuff.co.nz/technology/digital-living/30017696/hundreds-of-millions-in-bitcoins-disappears
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