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Getting Back Lost Bitcoins from Mt. Gox – What Customers Can Do
With the Mt. Gox Bitcoin exchange offline – at least for now – a primary concern of customers who had accounts there is getting back lost bitcoins – can they be retrieved?
The exact number of Mt. Gox customers at the time the website went dark is uncertain, but as of last December the exchange said it had 1 million.To continue reading, please click here...
The Mt. Gox Bitcoin Exchange Is Gone – Now What?
While all activity on Mt. Gox has ceased as of Monday evening, Bitcoin prices on other Bitcoin exchanges only experienced a brief dip.
On Bitstamp, for example, Bitcoin prices fell from about $580 to $400 as news of the Mt. Gox shutdown spread. But within a few hours, Bitcoin prices were back over $500, even going as high as $540.things are not always what they seem...
Bitcoin News: Answers to Questions About the Mt. Gox Situation
Problems at the Mt. Gox exchange have dominated Bitcoin news this past week, creating concern and confusion within the Bitcoin community and leaving everyone else wondering what in the world is going on.Here's what's happened...
Bitcoin Regulation Is Coming – Here's What To Expect
We're on the verge of a defining moment in the drama-filled life of Bitcoin.
In light of all the troubling issues that have plagued the digital currency over the past year or so, some think Bitcoin regulation would help limit its use for illicit purposes while adding an air of legitimacy.but at least one regulator seems to be on the right track...
What Is Bitcoin? Here's Everything You Need to Know
What is Bitcoin? Many people just finding out about the digital currency are justifiably confused, as most Bitcoin news stories only provide a cursory explanation. And many of them have made matters worse by using photos of "bitcoins," when in fact bitcoins have no physical existence. They exist only as digital code on the Internet. […]
How Mt. Gox Angered the Entire Bitcoin Community Today – and Sent Prices Falling
The short answer to why Bitcoin prices dropped today (Monday) is that Mt. Gox briefly had everyone thinking that a serious new flaw had been discovered in the software that controls the digital currency – but that's not the whole truth.
The trouble started Friday. Mt. Gox, the first Bitcoin exchange in the world and until last year the largest, first sent Bitcoin prices falling early Friday when it halted the transfer of Bitcoins out of the exchange to personal wallets so that it could study a problem it was having with those withdrawals.
The news sent Bitcoin prices falling from $830 to $652 in 10 hours. Mt. Gox promised to provide more details by this morning.a lot of people were seeing red...