Major Correction

Over the past few days the US/EU markets experienced a major correction, only held up by the Asian markets, which also experienced a correction but not nearly as drastic. MtGox’s trade engine went into safety mode for a few hours, slowly cycling trades as to prevent large market sells from clearing the order books. The…

Coingrounds aka Bit-U – First Ever Bitcoin Bail-In

Today Silfax, the dev behing the PTS Exchange CoinGrounds (later renamed bit-u) announced that customers would not be receiving any of their PTS back, and would be receiving 58% of their BTC back.   Re: Potential Scammers: Silfax, bit-u.com, Coingrounds.com, DigitalOcean « Reply #27 on: Today at 05:08:04 PM » Quote Update – so Digitalocean is being rather…

MtGox – All about delays

4 Months for a SWIFT Withdraw 8 Weeks for a SEPA Transfer 1 Week for a Japanese Domestic Withdraw 5 Days for a BTC Withdraw   Any other financial company in the world would go out of business with a track record like that. Finally got the last of my BTC out of gox after…

New All Time High Reached on MtGox

MtGox has exceeded it’s previous All Time High of $266. Primarily fueled by China’s rapid adoption of bitcoin in the last month or so.   Earlier today Coinbase was actually higher than MtGox, but not at the point of ATH.

BTCT Update – Trading Halted, website shutting down.

BTCT.co has completed halting trading and has begun their website shutdown. From BTCT.co IMPORTANT NOTICE TO ALL BTC TRADING CORP WEBSITE PARTICIPANTS Trading has been halted according to the winding down plan. We will update the site code shortly to allow transfers to and from asset issuers on a per-issue basis where necessary. And the announcement…

BTC prices in China exceed MtGox

For the first time since volume on the Chinese exchanges really picked up, the price per bitcoin on the Chinese markets has exceeded the price at MtGox (despite all of MtGox’s withdraw issues). This happened last night, and lasted only for a few hours, since the price has been hovering just about the same.  …

MtGox 5% Manual Withdraw Queue is now in over 2 weeks

I have been waiting over a week now for a manual wire transfer from MtGox for the extra 5% (the only way to currently get a SWIFT transfer processed…). There are also reports on BitcoinTalk that others have been waiting 2 weeks. In addition there’s been reports over the past few days of BTC withdraws…