Detailed extensively by Reuters today, Bitcoin exchange Mt. Gox has halted all trading and the owners have replaced the site with a splash page. If you are unfamiliar with the concept of Bitcoin exchanges like Mt. Gox, the structure somewhat resembles how a traditional bank operates. People that purchase Bitcoins can deposit the digital currency at exchanges and convert it into the currency of other countries like U.S. dollars for instance.
Mt. Gox, once the world’s biggest bitcoin exchange, abruptly stopped trading on Tuesday and its chief executive said the business was at “a turning point,” sparking concerns about the future of the unregulated virtual currency. Several other digital currency exchanges and prominent early-stage investors in bitcoin responded with forceful statements in an attempt to reassure investors of both bitcoin’s viability and their own security protocols. The website of Mt. Gox suddenly went dark on Tuesday with no explanation, and the company’s Tokyo office was empty – the only activity was outside, where a handful of protesters said they had lost money investing in the virtual currency.
NOTE: TECHi Two-Takes are the stories we have chosen from the web along with a little bit of our opinion in a paragraph. Please check the original story in the Source Button below.
TECHi weighs both sides before reaching a conclusion.
TECHi’s editorial take above outlines the reasoning that supports this position.
The Pentagon plans to add Alibaba, Baidu, and BYD to its list of Chinese companies linked to the military. This…
Nvidia is pushing hard against doubters like Michael Burry, the Big Short star, who question its sky-high value. The company…
Amazon is currently under investigation by the U.S. Federal Aviation Administration (FAA) following an incident where one of its delivery…
The launch of Starlink’s direct-to-cell service in Ukraine indicates a moment when technology goes beyond mere convenience, it becomes a…
