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…

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.  …