Friday, February 21, 2014

Mt.Gox has left the building - things are looking bleak for the first really successful bitcoin exchange

Even though Mt.Gox has lost major market shares during the last years, a significant amount has still been traded on the japan based exchange (source).
Many of the people who came to Japan to find out more about how they could access their funds instead found out that Mt.Gox had in fact moved office with all its entourage.
The company claims working on the problem has become impossible in the old location, due to which reason they have not released at the time of writing.
Naturally this sort of secrecy is not taken too well by the market and the exchange rate on Mt.Gox seems to plummet without end. While typing this it rates at about 150$ US which is a long way of the 570$ US that Bitstamp would pay.
I hope you do not belong to the users of Mt.Gox that have their funds seized, and if you do, hopefully the situation will be resolved soon.
I will keep you updated as the news come in.
In the meantime you're welcome to collect some free Bitcoin with us at www.coin-inc.com

See you soon forum!

Tim

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