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 Fuck: Bitcoin price drops as Mt. Gox exchange closes indefinitely

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RR Phantom

RR Phantom

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PostSubject: Fuck: Bitcoin price drops as Mt. Gox exchange closes indefinitely    Fuck: Bitcoin price drops as Mt. Gox exchange closes indefinitely  Icon_minitimeMon Feb 10, 2014 12:04 am

Bitcoin has plunged more than 8 per cent after a Tokyo-based exchange halted withdrawals of the digital currency, citing technical malfunction.

Mt. Gox, a popular exchange for dollar-based trades, said in a blog post it needed to "temporarily pause on all withdrawal requests to obtain a clear technical view of the currency processes." It promised an "update" - not a reopening - on Monday, February 10, Japan time.

Yesterday, the Russian prosecutor general said in a statement on its website that after a meeting with the central bank, the Federal Security Service and Interior Ministry, it had concluded Bitcoin and other digital currencies are illegal under current law.

"Russia's official currency is the ruble," according to the statement. "The introduction of other currencies and the issue of money surrogates are banned."
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Calls to the Russian prosecutor's press office in Moscow after hours went unanswered.

The report gained wider circulation on Twitter Inc.'s service today after RT.com, a Russian state broadcaster, published an English-language article on the action.

The price of Bitcoin was down more than 6.5 per cent to $732.40 at 3:09 p.m. New York time, according to the CoinDesk Bitcoin Price Index, which averages prices from exchanges including Mt. Gox.

Read more: http://www.smh.com.au/business/markets/bitcoin-price-drops-as-mt-gox-exchange-closes-indefinitely-20140210-32ap1.html#ixzz2stOr385a

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