Bitcoin Plunges After Mt. Gox Exchange Halts Trades

Posted by timothy on Friday February 7, 2014 @06:30PM from the well-at-least-dark-grey-friday dept.

krakman writes with this excerpt from Bloomberg News: "Bitcoin plunged more than 8 percent [Friday] after a Tokyo-based exchange halted withdrawals of the digital currency, citing technical malfunction. Mt. Gox, claimed 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, Feb. 10, Japan time. This is day after Russia's Prosecutor General concluded Bitcoin and other digital currencies are illegal under current law."

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Re:paste this to cut the BETA by guises · 2014-02-08 00:28 · Score: 4, Informative

Is this still necessary? They've already acknowledged that people don't like the beta and stated that they won't make it mandatory in a few months as they had planned. The goals of the boycott seem to have already been met, it doesn't look like there's a good reason to go through with it at this point or to continue with these posts (barring further news on the matter).