Skip to main content

Bitcoin exchange MtGox goes offline

One of the biggest Bitcoin Exchanges, MtGox, has gone offline.

 The exchange has been hit by technical issues and recently halted all customer withdrawals of the digital currency after it spotted what it called "unusual activity".

 The move is a setback for backers of Bitcoin, who have been pushing for greater adoption of the currency.

 Meanwhile, six other major Bitcoin exchanges issued a joint statement distancing themselves from MtGox.

 "This tragic violation of the trust of users of MtGox was the result of one company's actions and does not reflect the resilience or value of Bitcoin and the digital currency industry," the exchanges, including Coinbase and BTC China, said in a statement.

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

 "We are confident, however, that strong Bitcoin companies, led by highly competent teams and backed by credible investors, will continue to thrive, and to fulfil the promise that Bitcoin offers as the future of payment in the internet age," they added.
Labels:

Comments

Post a Comment

Popular posts from this blog

Mario Balotelli: AC Milan reject claims the striker is about to leave

AC Milan have released a statement to deny speculation that Italy striker Mario Balotelli could leave in January. They were responding to reports in Italy that Milan president Silvio Berlusconi had decided to sell him. "AC Milan firmly and absolutely deny statements that have been attributed to the chairman about Mario Balotelli being put on the transfer list," the Serie A club's statement  said . The ex-Man City striker has scored six goals in 12 league games this season. He moved to the San Siro in January for an initial fee of 22m euros (£19m). Last season he racked up 12 goals for the seven-time European champions in only 13 Serie A appearances.
Post a Comment
Read more

Al-Jazeera demands Egypt release four journalists

  Qatar-based broadcaster Al-Jazeera has demanded the release of four of its journalists seized by Egyptian police in Cairo at the weekend. They include its Cairo bureau chief Mohamed Fadel Fahmy and former BBC correspondent Peter Greste. The journalists had held illegal meetings with the Muslim Brotherhood, the interior ministry said. Al-Jazeera said it had been "subject to harassment" although not officially banned from working in Egypt. There has been a crackdown on the Muslim Brotherhood since the army ousted President Mohammed Morsi in July. Last week it was declared a terrorist group. In the past six months, more than 1,000 pro-Morsi protesters have been killed in clashes with security forces, and thousands of Brotherhood supporters have been arrested, including the majority of its leadership. A court will hear a case to disband the Brotherhood's political wing, the Freedom and Justice Party (FJP), on 15 February. 'Arbitrary' The four journ...
Post a Comment
Read more

Justin Bieber all over Selena Gomez at party

Justin Bieber and Selena Gomez were all over each other at a friend's birthday party. The 'Baby' hitmaker rented out the Lucky Strike bowling alley in Los Angeles on Sunday night for their pal Ryan Butler's intimate celebration, and couldn't keep his hands off the 'Come & Get It' singer at the party. A source told E! News: ''Justin rented out Lucky Strike's Luxe room for the celebration. Additionally, he was seen kissing and flirting with his on-and-off again girlfriend, Selena Gomez.'' The insider added: ''The group, of about 12 people in all, enjoyed some of Lucky Strike's Esteban's Nacho's Grande, Cheeseburgers and wings. Specifically, Justin was seen eating the Mac & Cheese bites.'' Ryan's girlfriend posted a photograph of Selena, 22, gazing at Justin, 20, on Instagram from the party. The Canadian star confirmed during a deposition last week that he has reunited with his on-again, off...
Post a Comment
Read more