Could integrate the image of a edu hobnob into the logo too?
Bitcoin’s Value Falls 10% As Faltering Mt.Gox Exchange Continues To Implode « TechCrunch
Mt.Gox promised to get its house in order, and get back to the Bitcoin community and its users today. It did, but didn’t open up withdrawals, or set a firm timetable as to when users might be able to get their currency off the exchange.
In response, the price of Bitcoin on Mt.Gox has cratered, again. It now rests just above $110. That’s down from around $260 the day before. Users are betting more heavily now that their Bitcoin on the exchange is never coming back.
This turbulence has not left the larger Bitcoin market unmolested. According to the averaged Bitcoin price, the dollar cost of a Bitcoin has shed around 10% of its value today, falling from $625 to $560. Mt.Gox, previously trading at around a 50% deficit, is now trading at one fifth the regular price.
Why would Mt.Gox bring down the value of Bitcoin on other exchanges? The failure of Mt.Gox highlights what sort of risk unregulated markets might entail. And in frankness Bitcoin has been on a slow deflate tip all year. The average Bitcoin price spiked over $900 in January, before settling into a pattern of decline.
The hilarious thing is that MtGox knew about the double-spending problem for months and didn't do anything about it. All the other exchanges use different methods of transaction verification which isn't impacted by the hash malleability attack. It's so easy to avoid the attack that it's only a low priority bug for the bitcoin devs themselves!
I'm not really surprised that a website which used to sell Magic The Gathering Online cards is poorly run, though.
Sold out for a small loss on the downslide, not bothering to dip back in.
Mined one when it was profitable and not so costly. Withdrew it for £280 (cost me about £70 to mine)
Bitcoin exchange Mt. Gox goes dark, digital currency biz calls it a 'tragic violation' of user trust « Engadget
Less than a year ago when we took a long look at Bitcoin, exchange Mt. Gox reportedly handled some 80 percent of global traffic in the digital currency. Tonight however, the exchange's website is offline, all tweets have been deleted from its account, and customers are unsure what will happen to fiat currency (cash) or Bitcoin that it holds.
Last edited by Arthur; 25th February 2014 at 07:22 AM.
My 300 euro loss seems much easier to swallow today, looks like I took the right decision at the right time.
And another one...
After $620,000 theft, another Bitcoin service shuts down « The Verge
In the wake of Mt. Gox, a six-figure bitcoin heist has resulted in another shuttered service. This time, the service is Flexcoin, a wallet and banking service that lost 896 bitcoins to attackers, and has announced it will be unable to continue functioning after the loss. The attack emptied the service's hot wallet, where funds were kept for easy access, but the attack did not reach into the offline storage, and Flexcoin has promised to return those funds to customers as soon as possible.
While not as central to the Bitcoin economy as Mt. Gox, the Flexcoin shutdown is another blow to an ecosystem that's facing growing doubts from would-be regulators in government. According to a Flexcoin statement, the company "will attempt to work with law enforcement to trace the source of the hack," but judging by the preemptive shutdown, they do not seem optimistic about recovering the funds. Already, the news has attracted Bitcoin skeptics; as one security researcher put it, "BTC is just too easy to steal to be usable."
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