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Bitcoin Japan The Almighty Buck

Bitcoin Plunges After Mt. Gox Exchange Halts Trades 249

Posted by timothy
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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Bitcoin Plunges After Mt. Gox Exchange Halts Trades

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Reality must take precedence over public relations, for Mother Nature cannot be fooled. -- R.P. Feynman